Actuarial Student - Risk

Do you want to be part of something more than just a financial services business? Do you believe everyone, regardless of wealth, should have the opportunity to save and look after their loved ones? Do you want to be part of something that has been here for 160 years and help it be here for 160 more?

Scottish Friendly have an exciting opportunity to join our team. Based in Glasgow City Centre, we are one of the most progressive mutual life insurance offices in the UK. We have a strong, clear culture which has grown since 1862 with our customers and colleagues of today and the future being at the heart of that growth.

This role is for an experienced Actuarial Student who is developing their skills towards becoming an Actuary and looking to broaden their experience working in the Financial and Insurance Risk Team. The role may also be suited to an experienced student/analyst who has ceased studying for the exams.

The nature and scale of Scottish Friendly’s growing business means that working within the Risk Team the candidate will get exposure to a wide range of topics and build a strong understanding of how the business operates and manages risk. Through this work you will build a solid understanding of the business, the inherent risks and mitigation strategies, whilst developing your communication skills through assisting with the drafting of reports.

As you gain experience and progress through the actuarial qualification, your responsibilities will grow. You may get involved in oversight across the wider business relating to investment, business processes, marketing, and customer services. This could involve:

• Working as part of the team to deliver the Pillar 2 methodology, models and ORSA results.
• Preparing quarterly risk reporting for submission to Executive and Risk Committees.
• In-depth risk assurance around key projects and product development.
• Supporting the emerging risk identification process.
• Supporting the maintenance of the risk management framework, including setting risk appetite and risk policies.
• Supporting the business to develop and maintain a clear risk-culture.
• Building relationships with stakeholders across the business.
• Attending key committees and providing risk oversight.
• Presenting reports to a range of internal stakeholders.

• Previous experience working across a range of actuarial topics.
• Experience of working in the pensions, life insurance and savings sector.
• Experience providing second-line challenge preferable.
• Strong attention to detail, risk-based mindset, and passionate problem solver.
• Ability to work both independently and as part of a close team.
• Experience of designing or reviewing products/providing second line oversight preferable.
• Modelling experience; including testing, documenting and validating models and their outputs preferable.
• Good written and verbal communication skills.

With assets under management of over £5bn and more than 700,000 members we have lots to look after and lots more to do. If you want to be part of the team and you think this is you, we would love to hear from you.

We support life inside and outside work, offering:

• Recognition awards: Win exciting prizes, including one weeks’ annual leave plus £3,000 spending money.
• Refer-a-friend scheme: Earn rewards for bringing talented friends to our team.
• Annual Leave: 25 days annual leave (rising to 28 with service) plus 8 bank holidays, and options to buy or sell extra days.
• Supporting the future: 10% employer pension contribution, 4 x group life cover.
• Getting around: Access to cycle-to-work schemes, Electric Vehicle scheme and travel loans.
• Wellbeing: 24/7 GP access, EAP, Private Healthcare, and free legal/financial advice a variety of savings at top high street and online retailers.

Hybrid model with up to three remote days per week, totalling 35 hours per week Monday to Friday. We are committed to creating an inclusive environment where all colleagues feel valued, respected and represented. If you require any accommodations during the application process, please don’t hesitate to let us know.