Overview
Key responsibilities including but not limited to the following:
- Scope, plan and deliver model risk reviews while developing and defending review conclusions, including:
- Scheduled independent reviews of actuarial models under PL's Model Risk Management (MRM) Framework
- Targeted reviews in response to specific business requests, operational events or major model change
- Monitoring and reviewing model owners’ progress in addressing agreed remediation actions from previous reviews
- Develop and deliver model risk management information for business leaders
- Identify recurring model risk themes and support strategic model risk, governance and process improvement initiatives
- Present findings and recommendations clearly to model owners, senior leaders and wider business stakeholders
- Support collaboration on strategic improvements between Line 1 delivery teams and Model Risk
Overview
Key responsibilities including but not limited to the following:
- Scope, plan and deliver model risk reviews while developing and defending review conclusions, including:
- Scheduled independent reviews of actuarial models under PL's Model Risk Management (MRM) Framework
- Targeted reviews in response to specific business requests, operational events or major model change
- Monitoring and reviewing model owners’ progress in addressing agreed remediation actions from previous reviews
- Develop and deliver model risk management information for business leaders
- Identify recurring model risk themes and support strategic model risk, governance and process improvement initiatives
- Present findings and recommendations clearly to model owners, senior leaders and wider business stakeholders
- Support collaboration on strategic improvements between Line 1 delivery teams and Model Risk
Qualifications Required
- Near-qualified actuary
- 3+ years of relevant experience
Experience Required
- Good knowledge of actuarial models and modelling software
- Good understanding of life insurance & reinsurance industry
- Proven ability to proactively problem solve and challenge practices
- Ability to exercise independent judgement, constructively challenge methodologies and practices, and explain evidence-based views clearly
- Strong report writing skills
- Ability to manage competing priorities and projects
- Understanding of effective governance, control design, documentation, testing and review standards for actuarial models
- Experience planning and delivering technical review work across competing priorities
- Experience identifying and recommending solutions to critical issues
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MODEL RISK ANALYST, DIVISIONAL | 30168 employer: The Emerald Group Ltd, Search and Selection
Join a forward-thinking UK insurance business that champions innovation and collaboration in the Pricing function. With a hybrid work model allowing for flexibility, employees benefit from a supportive culture that prioritises professional growth and development, alongside competitive remuneration and comprehensive benefits. This role not only offers the chance to influence pricing strategy but also fosters strong interdepartmental relationships, making it an ideal environment for those seeking meaningful and impactful work.
Contact Details:
The Emerald Group Ltd, Search and Selection Recruitment Team
