At a Glance
- Tasks: Develop and optimise credit risk models using Python in a dynamic financial services environment.
- Company: Join a leading Pensions and Investment client with a focus on innovation.
- Benefits: Hybrid working model, competitive salary, and opportunities for professional growth.
- Other info: Engage with regulators and contribute to major model changes in a fast-paced setting.
- Why this job: Make a real impact in credit risk modelling while working with cutting-edge technology.
- Qualifications: Qualified actuary with strong Python skills and knowledge of credit risk capital modelling.
The predicted salary is between 60000 - 80000 £ per year.
Lorien's leading Pensions and Investment client is looking for a Credit Risk Actuary to join the existing team on an initial 12-month contract. You will be supporting the development of industry-leading credit modelling capability, focused primarily on the MAUS rebalancing methodology as part of a Major Model Change, with a strong emphasis on hands-on Python-based model development, as well as supporting broader initiatives within the Credit Modelling function.
This role is working in a Hybrid Model based in either London, Birmingham, or Edinburgh. This role will be via Umbrella.
Key responsibilities:- Support methodology development for Major Model Changes to optimise the credit risk internal model.
- Tactical prototype development and maintenance, enabling timely and accurate production of impacts.
- Requirements generation for long-term strategic system build, requiring effective communication with system development workstreams.
- Support production of reports to take methodology through governance.
- Help produce materials for engaging with regulators.
- Maintain regulatory, technical, business and professional knowledge including Solvency II regulations and professional actuarial standards, in an environment of fast-moving regulatory change.
- Qualified actuary.
- Knowledge/experience of credit risk capital modelling.
- Detailed knowledge of SII requirements and Internal Model methodologies.
- A good understanding of insurance and investment risk, capital management and capital modelling.
- Good understanding of the modelling of Matching Adjustment Under Stress.
- Strong Python skills, with experience in a development environment, including debugging and documenting code to support review.
- Proven ability to translate complex actuarial methodology into working Python prototypes, and to iterate those prototypes as design decisions evolve.
- Up-to-date knowledge of latest industry techniques and practices for internal models.
- Excellent communication skills with positive stakeholder management experience.
Credit Risk Actuary - Lorien Impellam in London employer: Lorien Impellam
Lorien Impellam is an exceptional employer, offering a dynamic work environment that fosters innovation and collaboration in the financial services sector. With a strong emphasis on employee growth, you will have access to cutting-edge projects in credit risk modelling while enjoying the flexibility of hybrid working from vibrant locations like London, Birmingham, or Edinburgh. Our commitment to professional development and a supportive culture ensures that you can thrive and make a meaningful impact in your role as a Credit Risk Actuary.
StudySmarter Expert Advice🤫
We think this is how you could land Credit Risk Actuary - Lorien Impellam in London
✨Tip Number 1
Network like a pro! Reach out to your connections in the financial services sector, especially those who work with credit risk or actuarial roles. A friendly chat can lead to insider info about job openings that aren't even advertised yet.
✨Tip Number 2
Prepare for interviews by brushing up on your Python skills and understanding of credit risk capital modelling. We recommend doing mock interviews with friends or using online platforms to get comfortable discussing your technical expertise.
✨Tip Number 3
Showcase your projects! If you've worked on any relevant Python prototypes or credit modelling projects, make sure to have them ready to discuss. We love seeing practical examples of your work during interviews.
✨Tip Number 4
Don't forget to apply through our website! It’s the best way to ensure your application gets noticed. Plus, we often have exclusive roles listed there that you won't find anywhere else.
We think you need these skills to ace Credit Risk Actuary - Lorien Impellam in London
Some tips for your application 🫡
Tailor Your CV:Make sure your CV is tailored to the Credit Risk Actuary role. Highlight your experience with Python and credit risk capital modelling, as well as any relevant qualifications. We want to see how your skills match what we're looking for!
Craft a Compelling Cover Letter:Your cover letter is your chance to shine! Use it to explain why you're passionate about this role and how your background makes you a perfect fit. Don’t forget to mention your understanding of Solvency II regulations and internal model methodologies.
Showcase Your Technical Skills:Since this role involves hands-on Python development, make sure to showcase your technical skills. Include specific examples of projects where you've developed or debugged code, and how you’ve translated complex actuarial methodologies into working prototypes.
Apply Through Our Website:We encourage you to apply through our website for a smoother application process. It helps us keep track of your application and ensures you don’t miss out on any important updates from us!
How to prepare for a job interview at Lorien Impellam
✨Know Your Numbers
Brush up on your credit risk capital modelling knowledge and be ready to discuss specific methodologies you've worked with. Make sure you can explain how your experience aligns with the requirements of the role, especially around Solvency II regulations.
✨Show Off Your Python Skills
Prepare to demonstrate your Python expertise. Bring examples of your previous work, particularly any prototypes you've developed. Be ready to talk about debugging and documenting code, as this will show your hands-on experience in a development environment.
✨Communicate Clearly
Since excellent communication skills are key, practice explaining complex actuarial concepts in simple terms. Think about how you would present your methodology to stakeholders or regulators, as this will highlight your ability to engage effectively with different audiences.
✨Stay Updated
Familiarise yourself with the latest industry techniques and practices for internal models. Being able to discuss recent changes in regulatory frameworks or advancements in credit modelling will demonstrate your commitment to staying current in the field.
