At a Glance
- Tasks: Lead quantitative risk assessments and ensure compliance with Solvency II and Lloyd’s standards.
- Company: Dynamic financial services firm based in London with a hybrid work model.
- Benefits: Competitive salary, flexible working hours, and opportunities for professional growth.
- Other info: Collaborative environment with a focus on innovation and career advancement.
- Why this job: Make a significant impact on risk management and regulatory compliance in a leading firm.
- Qualifications: Qualified actuary with experience in model validation and risk assessment.
The predicted salary is between 80000 - 100000 £ per year.
The Senior Quantitative Risk Actuary is a key member of the 2nd line risk management function, responsible for delivering quantitative oversight across the validation, reserving, financial market and credit risk, and broader capital and risk assessment processes. The role is central to maintaining strong regulatory compliance, supporting the ORSA, and ensuring robust model governance aligned to Solvency II and Lloyd’s standards.
The position requires a qualified actuary with experience in model validation and reserve risk assessment, and the ability to provide effective independent challenge across Capital Modelling, Reserving, Finance, and Risk stakeholders.
The role encompasses a broad range of risk management activities and as Senior Quantitative Risk Actuary your duties will include:
- Lead the end-to-end Internal Model validation process for S1084 and S1176, ensuring methodology, assumptions, governance and documentation meet Solvency II and Lloyd’s requirements.
- Produce the annual Validation Reports, articulating findings, limitations, and model improvements, and presenting these to risk and model governance Committees.
- Provide 2nd Line oversight of reserving processes, including review of assumptions, methodologies, uncertainty analyses, and reserve risk capital outputs.
- Perform independent reviews on key drivers such as inflation, claims emergence patterns, social/economic trends, and operational influences.
- Conduct independent assessment of market risk exposures, investment strategies, sensitivity analyses, and the appropriateness of methodologies used by 1st Line functions.
- Oversight of credit risk reviews covering reinsurance counterparties, broker credit, investment credit exposures, concentrations, and stress impacts.
- Provide quantitative challenge to capital charges, risk appetite metrics, and control effectiveness across market and credit risks.
- Develop, review, and challenge quantitative stress and scenario tests for the ORSA and independent validation, including macroeconomic, geopolitical, reserve related and market related stresses.
- Collaborate with Risk, Underwriting, Capital Modelling and Finance to ensure scenarios are severe but plausible, aligned to Lloyd’s expectations, and cover emerging risks.
- Produce ORSA inputs and analytical commentary to support forward looking capital and solvency assessments.
- Develop the 2nd Line model risk framework and review.
Senior Quantitative Risk Actuary 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 Senior Quantitative Risk Actuary
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We think you need these skills to ace Senior Quantitative Risk Actuary
Some tips for your application 🫡
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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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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.
