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- Tasks: Lead hands-on validation of models and oversee outsourced reviews.
- Company: Join a leading insurance group experiencing exciting growth in the UK and internationally.
- Benefits: Enjoy hybrid working with flexible days and opportunities for professional development.
- Why this job: Make a lasting impact on model risk practices while working with cutting-edge technologies like AI.
- Qualifications: Extensive experience in model validation and strong communication skills are essential.
- Other info: Opportunity to mentor junior analysts and represent the Risk function at senior forums.
The predicted salary is between 43200 - 72000 £ per year.
Hybrid working - 2/3 days per week (flexible) London Lutine Bell are working with a leading insurance group undergoing a period of exciting UK and international growth. We’re looking to appoint a Model Validation & Risk Manager to join their high-performing Risk Function. This is a fantastic opportunity to play a key role in shaping and embedding best-in-class model risk practices, while also leading both hands-on validation work and oversight of outsourced model reviews. The team supports a broad range of business and corporate activity, offering real variety and influence in the day-to-day. With growing regulatory focus, strategic investment, and evolving model use (including AI and climate risk), this role offers huge scope for the right individual to make a lasting impact.
Key Responsibilities
- Lead the hands-on validation of Internal Capital Models, ensuring regulatory and internal standards are met.
- Manage and oversee outsourced validation activities, acting as a key point of contact for external providers and ensuring quality assurance.
- Provide independent review and challenge across a wide range of business-critical models (pricing, capital planning, catastrophe, AI).
- Develop and implement a robust Model Risk Framework, aligned with PRA expectations (CP6/22).
- Champion model risk as a strategic risk discipline across the business.
- Represent the Risk function at senior forums, including cross-functional working groups and Risk Committees.
- Support regulatory engagement and lead key risk communications.
- Line manage a sub-team, including mentoring and developing junior analysts.
- Deputise for the Head of Risk when required.
Experience Required
- Extensive experience in Solvency II, Internal Capital Models, and model validation.
- Proven ability to deliver both hands-on validation and manage outsourced model reviews.
- Broad knowledge of modelling approaches, and an eagerness to expand into areas like AI and climate modelling.
- A strong grasp of insurance business models and underwriting principles.
- Ability to communicate complex risk concepts clearly and concisely to senior audiences.
- Experience in managing or coaching team members.
- A collaborative mindset with the confidence to lead cross-functional initiatives.
Please apply online as directed.
Model Validation Risk Manager employer: Lutine Bell
Contact Detail:
Lutine Bell Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Model Validation Risk Manager
✨Tip Number 1
Familiarise yourself with the latest regulatory standards, especially those related to Solvency II and model validation. This knowledge will not only help you in interviews but also demonstrate your commitment to staying updated in a rapidly evolving field.
✨Tip Number 2
Network with professionals in the insurance and risk management sectors. Attend industry events or webinars where you can meet people who work in similar roles. Building these connections can provide valuable insights and potentially lead to referrals.
✨Tip Number 3
Showcase your experience with AI and climate modelling in conversations or during networking events. Highlighting your eagerness to expand into these areas can set you apart from other candidates and align with the company's focus on innovative risk practices.
✨Tip Number 4
Prepare to discuss your leadership and mentoring experiences in detail. Since the role involves managing a sub-team, being able to articulate your approach to coaching and developing junior analysts will be crucial in demonstrating your fit for the position.
We think you need these skills to ace Model Validation Risk Manager
Some tips for your application 🫡
Understand the Role: Before applying, make sure you fully understand the responsibilities and requirements of the Model Validation Risk Manager position. Tailor your application to highlight relevant experience in Solvency II, Internal Capital Models, and model validation.
Highlight Relevant Experience: In your CV and cover letter, emphasise your extensive experience in model validation and your ability to manage outsourced reviews. Provide specific examples of how you've successfully led validation projects or developed risk frameworks.
Showcase Communication Skills: Since the role requires clear communication of complex risk concepts, include examples in your application that demonstrate your ability to convey technical information to senior audiences effectively.
Tailor Your Cover Letter: Craft a compelling cover letter that not only outlines your qualifications but also expresses your enthusiasm for the role. Mention your eagerness to contribute to the evolving areas of AI and climate modelling, aligning with the company's strategic goals.
How to prepare for a job interview at Lutine Bell
✨Understand the Regulatory Landscape
Familiarise yourself with Solvency II and the latest regulatory expectations. Being able to discuss how these regulations impact model validation will show your depth of knowledge and readiness for the role.
✨Demonstrate Your Technical Expertise
Be prepared to discuss specific modelling approaches you have used in the past, especially in areas like AI and climate risk. Highlighting your hands-on experience will set you apart from other candidates.
✨Showcase Your Leadership Skills
Since the role involves managing a sub-team, be ready to share examples of how you've successfully led teams or mentored junior analysts. This will demonstrate your capability to lead and develop others.
✨Communicate Clearly and Confidently
Practice explaining complex risk concepts in simple terms. The ability to communicate effectively with senior audiences is crucial, so ensure you can convey your ideas clearly during the interview.
