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- Tasks: Lead actuarial analysis on market risk and develop management frameworks.
- Company: Join a leading life insurance firm in the heart of London.
- Benefits: Enjoy competitive pay, flexible working options, and professional development opportunities.
- Why this job: Make an impact in risk management while collaborating with top professionals in the industry.
- Qualifications: Fellow of Institute of Actuaries or equivalent with strong capital modelling experience.
- Other info: Ideal for those passionate about market risk and team leadership.
The predicted salary is between 54000 - 84000 £ per year.
As market risk actuary you will be responsible for leading actuarial and statistical analysis related to market risk, calibrating market risk capital model, developing market risk management framework, advising ALM and hedging strategy.
Location: London
Category: Life Actuarial
Type: Permanent
Key responsibilities:- Develop and maintain market risk capital model methodology and assumptions.
- Own the market risk capital reporting process by maintaining a well-controlled and efficient quarterly reporting process for market risk capital, establishing a robust analysis of change process to explain the movement in capital results.
- Ability to communicate complex modelling decisions to senior executives.
- Support the development of market risk management framework on SII and IFRS17 bases.
- Support ALM and hedging activities by providing capital related insight (such as market risk MI) for ALM and hedging decision making.
Fellow of Institute of Actuaries (or equivalent). Strong capital modelling experience in market or credit risk space within life insurance industry. Experience with using Principal Component Analysis technique in modelling market risk. Practical experience with ALM and hedging for annuities. Strong communication skills, demonstrating a clear and articulate standard of written and verbal communication. Strong skills and experience in managing and motivating a team from a diverse range of professional backgrounds and with varying levels of experience.
Senior Actuary (Market Risk) – 27583 employer: The Emerald Group
Contact Detail:
The Emerald Group Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Senior Actuary (Market Risk) – 27583
✨Tip Number 1
Familiarise yourself with the latest developments in market risk management and capital modelling. This will not only help you understand the role better but also allow you to engage in informed discussions during interviews.
✨Tip Number 2
Network with professionals in the actuarial field, especially those who specialise in market risk. Attend industry events or webinars to make connections that could provide insights or even referrals for the position.
✨Tip Number 3
Prepare to discuss your experience with Principal Component Analysis and how it applies to market risk modelling. Be ready to share specific examples of how you've used this technique in previous roles.
✨Tip Number 4
Showcase your leadership skills by preparing examples of how you've successfully managed and motivated diverse teams. Highlighting your ability to communicate complex ideas clearly will be crucial in impressing the interviewers.
We think you need these skills to ace Senior Actuary (Market Risk) – 27583
Some tips for your application 🫡
Understand the Role: Before applying, make sure you fully understand the responsibilities of a Senior Actuary in Market Risk. Familiarise yourself with key terms like market risk capital model, ALM, and hedging strategies to demonstrate your knowledge in your application.
Tailor Your CV: Highlight your relevant experience in capital modelling, market risk, and team management. Use specific examples from your past roles that align with the job description, particularly focusing on your achievements in the life insurance industry.
Craft a Compelling Cover Letter: In your cover letter, clearly articulate why you are the right fit for this position. Discuss your experience with Principal Component Analysis and how it relates to market risk, as well as your ability to communicate complex ideas to senior executives.
Proofread Your Application: Ensure that your application is free from grammatical errors and typos. A polished application reflects your attention to detail, which is crucial for an actuary role. Consider asking a colleague or friend to review it before submission.
How to prepare for a job interview at The Emerald Group
✨Showcase Your Technical Expertise
As a Senior Actuary, it's crucial to demonstrate your strong capital modelling experience. Be prepared to discuss specific methodologies you've used, particularly in market or credit risk, and how they apply to the life insurance industry.
✨Communicate Complex Ideas Clearly
You'll need to explain complex modelling decisions to senior executives. Practice articulating your thought process and findings in a clear and concise manner, using examples from your past work to illustrate your points.
✨Highlight Team Management Skills
Since the role involves managing and motivating a diverse team, be ready to share your experiences in leading teams. Discuss how you’ve fostered collaboration and supported team members with varying levels of experience.
✨Prepare for Scenario-Based Questions
Expect questions that assess your problem-solving skills in real-world scenarios. Think about challenges you've faced in market risk management or ALM and how you approached them, as this will showcase your practical experience.
