At a Glance
- Tasks: Lead the Capital Team and manage the Internal Model for innovative business processes.
- Company: Dynamic company in London with a hybrid work culture.
- Benefits: Competitive salary, professional development, and strong team support.
- Other info: Encourages diverse applicants; your unique experience could be the perfect fit!
- Why this job: Make a real impact in capital management and build key relationships across the business.
- Qualifications: Experience in capital modelling and team management, with a relevant degree or qualification.
The predicted salary is between 80000 - 100000 £ per year.
You will support the activities of the Specialty business and manage the Capital Team and the operation, uses and development of the Internal Model (IM). You will maintain the code, documentation and parameterisation, and support the IM validation process. The Head of Capital will provide actuarial input into key business processes including business planning, reinsurance strategy and wider risk & capital processes.
In this role you will be the first point of contact for Capital, maintaining strong relationships with the Lead the Capital Team providing oversight, leadership and management across capital and the capital elements of validation. To include resource and work planning and staff training & development.
Communicate regularly with the key stakeholders, setting out Capital’s position and achieving understanding and buy in. Other key relationships that should be maintained and strengthened include with Underwriting & Underwriting Strategy, Exposure Management, Reinsurance, Risk Management, Reserving, Pricing and Finance.
Maintain, run, develop and parameterise the actuarial elements of the IM. Produce required reporting information. Liaise with Underwriting, Claims, Reinsurance, Pricing and Reserving, explaining outputs, purpose and inputs needed for the IM and getting buy in to the finally selected model inputs.
Produce information needed for model uses including SCR, ORSA, PRA information, AoC, SBF, LCM, 1 in 30 AEPs, reserve ranges, risk distributions, reinsurance cost allocation, AFR information etc. Maintain model documentation, model change log and all relevant model outputs.
If resourcing increases, take ownership of and responsibility for the UVM, and expand its use to include other GSI entities, liaising with the key stakeholders including Mike Kerner.
Peer reviews the best estimate reserves at least annually, to ensure reasonableness and consistency with IM assumptions.
Knowledge and Skills
- Lloyd’s capital processes and requirements
- Capital modelling experience with at least three years in a senior position
- Tyche experience
- Experience in managing three or more staff
- Experience of interacting with, and presenting to Board members
- University Degree and/or relevant professional qualification
If you are excited about this role but your experience does not align perfectly with everything outlined, or you don’t meet every requirement, they encourage you to apply anyway. You might just be the candidate they are looking for!
Head of Capital in City of London employer: The Emerald Group Ltd, Search and Selection
Join a leading financial services firm that prioritises employee development and fosters a collaborative work culture. With a strong commitment to regulatory excellence, this role offers the opportunity to engage with senior management and shape the future of risk governance while enjoying competitive benefits and a supportive environment in a vibrant location. Embrace your potential in a company that values innovation and integrity, ensuring meaningful contributions to the industry.
Contact Details:
The Emerald Group Ltd, Search and Selection Recruitment Team
StudySmarter Expert Advice🤫
We think this is how you could land Head of Capital in City of London
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We think you need these skills to ace Head of Capital in City of London
Some tips for your application 🫡
Show Off Your Numbers!:In the banking and financial services world, quantifiable achievements are key. Make sure your CV highlights your grades in relevant subjects, any financial certifications you hold, and specific projects where you've delivered measurable results. Employers love to see how your skills translate into real-world success.
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How to prepare for a job interview at The Emerald Group Ltd, Search and Selection
✨Brush Up on Financial Analysis Skills
Make sure you're well-versed in financial concepts and analytical techniques relevant to banking and financial services. Get comfortable with tools like Excel for modelling or financial forecasting, as technical questions in this area are common during interviews with The Emerald Group Ltd, Search and Selection.
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Since this is a full-time position, employers at The Emerald Group Ltd, Search and Selection will be keen to see your genuine interest in finance. Be prepared to discuss recent industry trends or news articles that excite you, showcasing your enthusiasm and engagement with the field.
✨Network with Industry Professionals
Before your interview, reach out to current or former The Emerald Group Ltd, Search and Selection employees on platforms like LinkedIn. They'll offer unique insights into the company's culture and the interview process, which can give us a delightful edge in showcasing a good fit for the team.
