Overview
Key responsibilities including but not limited to the following:
- Scheduled independent reviews of actuarial models
- 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
- Take accountability for complex reviews and strategic initiatives, coordinating reviewers and stakeholders and ensuring delivery to agreed scope, quality and timescales
- Support the development of junior colleagues and coach them with their career goals
- Deputise for the team lead and represent the model risk team at project steering committees, working groups and other forums
- Drive alignment of modelling practices and standards across the wider organisation
- Serve as a subject matter expert and trusted advisor for model stakeholders across the organisation
Qualifications Required
- Qualified actuary with at least three years’ broad post-qualification actuarial experience
Experience Required
- Substantial experience in actuarial modelling, model validation or risk oversight, including independently leading complex technical work
- Direct experience of effective governance, control design, documentation, testing and review standards for actuarial models
- Ability to exercise independent judgement, constructively challenge methodologies and practices, and explain evidence-based views clearly
- Experience planning and delivering technical review work across competing priorities
- Excellent report writing and review skills
- Direct management experience
- Direct experience of delivering strategic model change and/or process improvement
- Direct experience of working within a model valuation and reporting team, pricing team and research and development team.
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MODEL RISK MANAGER, DIVISIONAL | 30167 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
