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 60000 - 80000 £ 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 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 competitive salary and generous completion bonus. This role not only allows you to make a meaningful impact but also positions you within a supportive environment that prioritises teamwork and professional advancement.
StudySmarter Expert Advice🤫
We think this is how you could land SST/Economic Capital - Senior Manager
✨Tip Number 1
Network like a pro! Reach out to connections in the insurance industry, especially those who work in risk management. A friendly chat can lead to insider info about job openings or even a referral.
✨Tip Number 2
Prepare for interviews by brushing up on your knowledge of solvency risk appetite and stress testing frameworks. We recommend creating a cheat sheet with key concepts and examples to showcase your expertise during discussions.
✨Tip Number 3
Don’t just wait for job alerts! Actively search for roles on our website and apply directly. Tailor your application to highlight your SST experience and how it aligns with the company's needs.
✨Tip Number 4
Follow up after interviews! A quick thank-you email can keep you top of mind. Use this opportunity to reiterate your enthusiasm for the role and how you can contribute to their economic capital framework.
We think you need these skills to ace SST/Economic Capital - Senior Manager
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 led, 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 passionate about the role and how your background makes you the perfect candidate. Don't forget 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 to reflect this skill.
Apply Through Our Website:We encourage you to apply directly through our website. This way, we can ensure your application gets the attention it deserves, and you’ll have access to all the latest updates about the role and our company!
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 specific changes in the Group structure mentioned in the job description, as this will show your understanding of the role's context.
✨Prepare for Scenario Testing Questions
Since a key part of the role involves developing stress and scenario testing frameworks, be ready to discuss your experience in this area. Think of examples where you've successfully implemented similar frameworks and how they supported decision-making.
✨Communicate Clearly
You’ll need to draft high-quality papers for management and Board discussions. Practice explaining complex concepts in simple terms, as this will demonstrate your ability to communicate effectively with stakeholders across the business.
✨Show Your Collaborative Side
This role requires partnering with various teams, so be prepared to talk about your experience working cross-functionally. Highlight instances where you've collaborated with IT or other departments to achieve a common goal, especially in risk management.
