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 opportunities for professional growth.
- Other info: 12-month FTC role with excellent career development opportunities.
- 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 employer: The Actuary
At Orange Malone, we pride ourselves on being an exceptional employer, offering a dynamic work culture that fosters collaboration and innovation. Our employees benefit from comprehensive growth opportunities, competitive remuneration, and a generous completion bonus for this role, all while working within a supportive environment that values meaningful contributions to the insurance sector. Join us in our UK-based office, where your expertise in solvency risk appetite will be instrumental in shaping the future of our organisation.
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 people in the industry, especially those who work at the company you're eyeing. A friendly chat can give you insider info and might even lead to 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 expertise! Bring along examples of your previous work that align with the job description. Whether it's stress testing frameworks or risk appetite papers, having tangible evidence of your skills can set you apart.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets seen. Plus, we love seeing candidates who take the initiative to engage directly with us.
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 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 experience with stress testing and scenario frameworks, as these are key parts of the job.
Showcase Your Communication Skills:Since you'll be preparing high-quality papers for management and Board discussions, it's essential 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 not only streamlines the process but also ensures your application gets the attention it deserves. Plus, it’s super easy to do!
How to prepare for a job interview at The Actuary
✨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 that might impact the role. This will show your potential employer that you're not just interested, but also well-informed.
✨Prepare for Scenario Questions
Given the focus on stress and scenario testing, be ready to discuss how you would define and implement a testing framework. Think of examples from your past experience where you've successfully communicated complex scenarios to stakeholders. This will demonstrate your ability to support strong decision-making.
✨Showcase Your Collaboration Skills
This role involves partnering with various teams, so be prepared to talk about your experience working cross-functionally. Highlight specific instances where you've collaborated with different departments to achieve a common goal, especially in risk management or reporting.
✨Ask Insightful Questions
At the end of the interview, don’t shy away from asking questions. Inquire about the company's current risk appetite and how they envision the role evolving over the next year. This shows your genuine interest in the position and helps you gauge if it's the right fit for you.
