Senior Actuary, Capital Modelling

Our role is to inspire courage, so tomorrow’s progress isn’t limited by today’s risks.

• Operation and development of the Lloyd’s Internal Model (LIM)
• Calculation of market wide and Central Fund capital requirements
• Ownership of the member capital calculation
• Supporting uses of the model across the corporation, including investment decisions
• Manage the annual update of the LIM to produce the Lloyd’s capital requirement on several bases (over a one year and ultimate time horizon, sensitivities, with incremental changes for bridging analyses, etc)
• Review and challenge LIM results, providing analysis of change between updates for specific areas
• Support the LIM validation process
• Manage and promote LIM uses in the wider Lloyd’s business, e.g. for the purpose of monitoring risk appetites
• Investigate differences between Lloyd’s view of syndicate risk and syndicates’ own view
• Manage the annual update of the LIM to produce syndicate & member capital requirements on several bases (over a one year and ultimate time horizon, with incremental changes for bridging analyses, etc.)
• Manage the regular update of the documentation of the LIM to ensure that it remains fit for purpose, useful and complies with regulatory requirements
• During a Major Model change application, support in co-ordination and delivery of the documentation package. This requires direct production of key documents and drawing on technical resource to deliver supporting documentation
• Experience in non-life insurance work, preferably with some exposure across a range of work areas and significant capital modelling experience
• Experience in leading project work to completion
• Knowledge of the actuarial techniques involved in non-life insurance capital work, including the requirements of UK Solvency II
• Knowledge of various IT tools including Excel, Word, PowerPoint
• Knowledge of capital modelling tools including Tyche, Remetrica, Igloo or similar
• Knowledge of programming languages including R, Python or similar
• Qualified as a fellow of the Institute and Faculty of Actuaries (or equivalent)

Diversity and inclusion are a focus for us – Lloyd’s aim is to build a diverse, inclusive environment that reflects the global markets we work in. One where everyone is treated with dignity and respect to achieve their full potential. In practice, this means we are positive and inclusive about making workplace adjustments, we offer regular health and wellbeing programmes, diversity and inclusion training, employee networks, mentoring and volunteering opportunities as well as investment into your professional development.

We understand that our work/life balance is important to us all and that a hybrid of working from the office and home can offer a great level of flexibility. Flexible working forms part of a total reward approach which offers a host of other benefits over and above the standard offering (generous pension, healthcare, wellbeing etc). These include financial support for training, education & development, a benefit allowance (to spend on our flexible benefits such as gym membership, dental insurance, extra holiday or to partake in our cycle to work scheme), employee recognition scheme and various employee discount schemes.

Lloyd’s aim is to build a diverse, inclusive environment that reflects the global markets we work in and in which everyone is treated with dignity and respect. We will invest in attracting the best talent to Lloyd’s, making sure recruitment is targeted at bringing in the skills we need to evolve. We will develop a talent pipeline that provides us with the key capabilities we will need for the future. To also create a culture in which every employee fulfils their full potential, ensuring that leaders role-model the behaviours we expect in ourselves and others.