At a Glance
- Tasks: Lead the refresh of solvency risk appetite and implement stress testing frameworks.
- Company: Join a large UK-based insurance company with a focus on innovation.
- Benefits: Generous completion bonus, competitive salary, and professional development opportunities.
- Other info: 12-month FTC role with excellent career growth potential.
- Why this job: Make a real impact on risk management and decision-making in a dynamic environment.
- Qualifications: Strong risk/SST experience; no need for actuarial qualifications or life insurance background.
The predicted salary is between 70000 - 90000 £ per year.
Orange Malone is working with a large UK based insurance company to find a Senior Manager to lead the refresh of the company's solvency risk appetite reflecting recent changes to the Group structure.
Key parts of the role will be:
- Partner with the First Line to support the necessary model updates and prepare high-quality papers for management and Board discussion.
- Help define and implement a holistic stress and scenario testing framework, working with stakeholders across the business to develop a practical and effective set of stress tests.
- Ensure scenarios are clearly specified, meaningful and communicated in a way that supports strong decision-making, and draft supporting papers for management and Board approval.
- Maintain the company's economic capital framework documentation and associated standards, and provide analysis across areas such as standard formula appropriateness assessments, stress and scenario testing, and risk appetite.
- Support the handover of economic capital tools to the First Line and help maintain the Risk Management Platform and Risk MI tools in partnership with Group IT.
- Contribute to the monthly and quarterly risk reporting cycle and respond to ad hoc queries from senior management, helping ensure the Group has clear and timely risk insight.
You don't need to be a qualified actuary or come from a life insurance background but you must have excellent risk/SST experience. You must also be based in the UK and eligible to work here. This is a 12m FTC role paying a generous completion bonus.
SST/Economic Capital - Senior Manager in London employer: Orange Malone
Join a leading UK-based insurance company that values innovation and collaboration, offering a dynamic work culture where your expertise in solvency risk appetite will directly influence strategic decision-making. With a strong focus on employee development, you will have access to comprehensive training programmes and growth opportunities, all while enjoying a generous completion bonus for this 12-month fixed-term contract. Experience the unique advantage of working in a supportive environment that prioritises clear communication and effective stakeholder engagement.
StudySmarter Expert Advice🤫
We think this is how you could land SST/Economic Capital - Senior Manager in London
✨Tip Number 1
Network like a pro! Reach out to people in the industry, especially those who work at the company you're eyeing. A friendly chat can give you insider info and maybe even a referral.
✨Tip Number 2
Prepare for interviews by practising common questions related to risk management and economic capital. We recommend using the STAR method to structure your answers – it helps you showcase your experience effectively.
✨Tip Number 3
Showcase your skills with real examples! When discussing your experience, highlight specific projects where you’ve implemented stress testing frameworks or improved risk appetite. Numbers and outcomes speak volumes.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets noticed. Plus, we love seeing candidates who take that extra step to connect with us directly.
We think you need these skills to ace SST/Economic Capital - Senior Manager in London
Some tips for your application 🫡
Tailor Your CV:Make sure your CV reflects the skills and experiences that align with the Senior Manager role. Highlight your risk/SST experience and any relevant projects you've worked on, as this will show us you're a great fit for the position.
Craft a Compelling Cover Letter:Your cover letter is your chance to shine! Use it to explain why you're interested in the role and how your background makes you the perfect candidate. Be sure to mention your understanding of solvency risk appetite and stress testing frameworks.
Showcase Your Communication Skills:Since you'll be preparing high-quality papers for management and Board discussions, it's crucial to demonstrate your ability to communicate complex ideas clearly. Use concise language and structure your application well to reflect this skill.
Apply Through Our Website:We encourage you to apply directly through our website. This way, we can easily track your application and ensure it gets the attention it deserves. Plus, it shows us you're proactive and keen to join our team!
How to prepare for a job interview at Orange Malone
✨Know Your Stuff
Make sure you brush up on the latest trends in solvency risk and economic capital frameworks. Familiarise yourself with the recent changes in the Group structure and how they impact risk appetite. This will show that you're not just interested in the role, but also invested in the company's direction.
✨Prepare for Scenario Testing Questions
Given the focus on stress and scenario testing, be ready to discuss your experience in developing and implementing these frameworks. Think of specific examples where you've successfully communicated complex scenarios to stakeholders, as this will demonstrate your ability to support strong decision-making.
✨Showcase Your Stakeholder Management Skills
This role involves working closely with various teams, so highlight your experience in collaborating with different stakeholders. Prepare anecdotes that illustrate how you've partnered with others to achieve common goals, especially in a risk management context.
✨Be Ready for Technical Questions
Expect some technical questions related to risk appetite and economic capital tools. Brush up on your knowledge of standard formula assessments and risk MI tools. Being able to discuss these topics confidently will set you apart from other candidates.
