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- Tasks: Lead high-profile projects in capital modeling and validation for our Internal Model Oversight team.
- Company: Join Phoenix Group, a dynamic company committed to inclusivity and innovation in financial risk management.
- Benefits: Enjoy a supportive work environment with opportunities for professional growth and flexible working arrangements.
- Why this job: Make a real impact by enhancing our Internal Model while collaborating with senior management and diverse teams.
- Qualifications: Qualified actuary with expertise in Solvency II, simulation techniques, and strong communication skills.
- Other info: We welcome applicants from all backgrounds and are committed to making adjustments for your success.
The predicted salary is between 43200 - 72000 £ per year.
We have an incredible opportunity to join us here at Phoenix Group as a Senior Internal Model Risk Manager to join our Internal Model Oversight team., We are currently recruiting for a Senior Internal Model Risk Manager to join our Internal Model Oversight team. You will bring expertise in proxy models, simulation based aggregation techniques, and their applications to the validation of the Group’s Internal Model, including minor and major model changes.
You will work closely with other members of the Financial Risk team, Line 1 regulatory capital teams , and the wider business to enhance the Group’s Internal Model. You will play a leading role in complex, high profile projects involving the development of capital modelling methodology, performing independent validations and reporting on the outcome to senior management and Board committees.
What are we looking for?, We are committed to ensuring that everyone feels accepted and welcome applicants from all backgrounds. If your experience looks different from what we’ve advertised and you believe that you can bring value to the role, we’d love to hear from you.
If you require any adjustments to the recruitment process, please let us know so we can help you to be at your best.
Find out more about #LifeAtPhoenix
- Guide for Candidates: thephoenixgroup.pagetiger.com/guideforcandidates
Find or get answers from our colleagues:
LI-AF1
LI-Hybrid
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Qualified actuary with detailed knowledge of Solvency II and related Internal Model requirements.
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You are an expert in simulation based aggregation techniques, including generation of multivariate distributions using copulas, proxy model fitting and validation techniques, and applications in stress & scenario testing, ideally with experience of designing and implementing of aggregation models in Line 1.
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You are proactive and pragmatic, and are able to work autonomously and at pace to drive forward change.
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Excellent written and oral communication skills with ability to manage and influence stakeholders at senior level including Board members.
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Ideally you have experience in leading the planning and coordination of validation activity for major model change applications.
Senior Internal Model Risk Manager employer: Phoenix Group
Contact Detail:
Phoenix Group Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Senior Internal Model Risk Manager
✨Tip Number 1
Familiarize yourself with the specific simulation-based aggregation techniques mentioned in the job description. Being able to discuss your experience with multivariate distributions and copulas during the interview will demonstrate your expertise and alignment with the role.
✨Tip Number 2
Prepare examples of past projects where you led validation activities for major model changes. Highlighting your proactive approach and ability to drive change will resonate well with the hiring team.
✨Tip Number 3
Since communication is key for this role, practice articulating complex technical concepts in a clear and concise manner. This will help you effectively manage and influence senior stakeholders during discussions.
✨Tip Number 4
Research Phoenix Group's current Internal Model and any recent changes or challenges they may have faced. Showing that you are informed about their operations will demonstrate your genuine interest in the position and the company.
We think you need these skills to ace Senior Internal Model Risk Manager
Some tips for your application 🫡
Understand the Role: Make sure to thoroughly read the job description for the Senior Internal Model Risk Manager position. Understand the key responsibilities and required skills, especially around proxy models and simulation-based aggregation techniques.
Highlight Relevant Experience: In your CV and cover letter, emphasize your experience with Solvency II, internal model requirements, and any relevant projects you've led. Be specific about your role in validation activities and how you managed stakeholder communications.
Tailor Your Application: Customize your application materials to reflect the language and priorities mentioned in the job description. Use keywords related to capital modeling methodology and independent validations to demonstrate your fit for the role.
Showcase Communication Skills: Since excellent written and oral communication skills are crucial for this role, ensure that your application is clear, concise, and free of errors. Consider including examples of how you've influenced senior stakeholders in past roles.
How to prepare for a job interview at Phoenix Group
✨Showcase Your Technical Expertise
Be prepared to discuss your experience with proxy models and simulation-based aggregation techniques in detail. Highlight specific projects where you've applied these skills, especially in the context of validating internal models.
✨Demonstrate Stakeholder Management Skills
Since the role involves influencing senior stakeholders, come equipped with examples of how you've successfully communicated complex technical information to non-technical audiences, including Board members.
✨Highlight Your Proactive Approach
Share instances where you've taken the initiative to drive change or improve processes within your team or organization. This will showcase your proactive and pragmatic nature, which is essential for this role.
✨Prepare for Scenario-Based Questions
Expect questions that assess your problem-solving abilities in high-pressure situations. Think of scenarios where you had to lead validation activities for major model changes and be ready to explain your thought process and outcomes.
