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- Tasks: Support financial risk assessments and stress testing for the UK Division.
- Company: Join a leading firm in the life insurance industry focused on risk and compliance.
- Benefits: Enjoy a fixed-term role with opportunities for professional growth in a dynamic environment.
- Why this job: Be part of a crucial team shaping financial strategies and enhancing risk management practices.
- Qualifications: Experience in life insurance and strong knowledge of Solvency II required.
- Other info: This role is based in London, offering a chance to work in a vibrant city.
The predicted salary is between 60000 - 84000 £ per year.
Job Description
Support the Risk & Compliance department in delivering the desired output of a financial risk nature within the UK Division’s Risk & Compliance Function.
- Location: London
- Type: Fixed Term
Key Duties (Including but not limited to):
- Supporting the Own Risk and Solvency Assessment (ORSA) process and ORSA report (or equivalent) for entities within the UK Division.
- Design and implementation of Stress and Scenario testing (including reverse stress testing), ensuring appropriate alignment with Company exercises.
- Reviewing and analysing the results of the forward-looking solvency assessment, stress and scenario testing and the OSNA exercise to identify conclusions and recommendations.
- Reviewing UK division pricing or underwriting initiatives (e.g., assumptions review, new products, bulk annuity transactions).
- Experience in the life insurance industry.
- Good working knowledge of integrated risk and capital management as part of a wider enterprise risk management framework.
- Deep knowledge and understanding of Solvency II requirements.
- Experience of second line of defence risk oversight activities.
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FTC - Senior Actuary Risk - 28420 employer: The Emerald Group
Contact Detail:
The Emerald Group Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land FTC - Senior Actuary Risk - 28420
✨Tip Number 1
Make sure to familiarize yourself with the Own Risk and Solvency Assessment (ORSA) process. Understanding how it applies specifically within the UK Division will give you a significant edge during discussions.
✨Tip Number 2
Brush up on your knowledge of Solvency II requirements. Being able to discuss these in detail will demonstrate your expertise and commitment to the role.
✨Tip Number 3
Prepare to discuss your experience with stress and scenario testing. Be ready to share specific examples of how you've implemented these tests in previous roles, as this is crucial for the position.
✨Tip Number 4
Network with professionals in the life insurance industry. Engaging with others in the field can provide insights and potentially valuable connections that may help you land the job.
We think you need these skills to ace FTC - Senior Actuary Risk - 28420
Some tips for your application 🫡
Understand the Role: Make sure to thoroughly read the job description for the Senior Actuary Risk position. Understand the key duties and responsibilities, especially those related to the Own Risk and Solvency Assessment (ORSA) process and stress testing.
Highlight Relevant Experience: In your application, emphasize your experience in the life insurance industry and your knowledge of Solvency II requirements. Provide specific examples of how you've contributed to risk oversight activities or similar projects.
Tailor Your CV: Customize your CV to reflect the skills and experiences that align with the job requirements. Focus on integrated risk and capital management, and any relevant achievements in pricing or underwriting initiatives.
Craft a Strong Cover Letter: Write a compelling cover letter that connects your background to the role. Discuss your understanding of the financial risk nature within the UK Division’s Risk & Compliance Function and express your enthusiasm for contributing to their objectives.
How to prepare for a job interview at The Emerald Group
✨Understand the ORSA Process
Make sure you have a solid grasp of the Own Risk and Solvency Assessment (ORSA) process. Be prepared to discuss how you've supported similar processes in the past and how you can contribute to the ORSA report for the UK Division.
✨Showcase Your Stress Testing Knowledge
Highlight your experience with stress and scenario testing, including reverse stress testing. Be ready to explain how you've designed and implemented these tests in previous roles and how they align with company exercises.
✨Demonstrate Analytical Skills
Prepare to discuss how you've reviewed and analyzed results from solvency assessments and stress tests. Share specific examples where your analysis led to actionable conclusions and recommendations.
✨Familiarize Yourself with Solvency II
Deep knowledge of Solvency II requirements is crucial. Brush up on these regulations and be ready to discuss how they impact risk management and capital management within the life insurance industry.
