Prudential Risk Actuary

Location: Edinburgh (We believe in the power of in-person collaboration, and our hybrid model requires colleagues to be in the office a minimum of 40% of their time)

Salary: A competitive salary from £64,400 - £96,600 depending on the experience you can bring

Closing date: 19 February 2026

We’re a company of ambitious, collaborative problem-solvers who get things done – we’re looking for like-minded people to join us. We help people live their best lives. We help them with the big stuff, for the moments that matter: Pensions, Savings, Investments. At Aegon, we strive in creating a diverse organisation that plays a meaningful role in driving greater equity, inclusion and belonging.

We have an exciting opportunity for a qualified actuary to join our Prudential Risk Team within the UK Risk function. Reporting to the Prudential Risk Director, you will play a vital role ensuring that Aegon UK manages its Prudential Risks in a manner consistent with the identified and agreed risk appetite. As a valued member of a collaborative team, you will support the monitoring and reporting of prudential risks, assist in escalating issues and contribute to policy and methodology development. You will support the oversight and challenge of specific capital, liquidity and investment risk management proposals, contribute to the independent validation of assumptions and models and drive robust risk monitoring and reporting to allow the business to grow profitably.

Key Responsibilities include:

• Leading deep dive reviews of models within the Validation Framework, reporting and presenting findings to the Model Validation Committee
• Supporting risk oversight activities of Solvency II results, capital management, asset management and investment operations, with-profits business and pricing
• Contributing to a range of other ad-hoc and less regular Prudential Risk work, such as Risk Appetites, Medium Term Plan, ORSA and ICARA

We’d love to hear from you if you have:

• Relevant professional experience and are a qualified actuary (IFoA or equivalent)
• Strong analytical skills, with an ability to communicate complex concepts effectively, both verbally and in writing to a wide range of audiences
• Sound judgement and a proactive approach, with ability to operate independently, act on own initiative, plan and prioritise workloads to meet deliverables
• Ability to objectively analyse and interpret a wide range of information and appropriately challenge assumptions and proposals
• Understanding of financial markets and knowledge of PRA and FCA regulations

We’re serious about your future and our enhanced pension scheme is now in place. We ask you to contribute 3% of your salary to your pension and we’ll put in 9%. If you decide to contribute more, we’ll match it up to a combined total of 20% of your salary (that’s 7% from you and 13% from us). A discretionary bonus, depending on personal and company performance. 38 days leave per year (including bank holidays, pro-rated for part-time).

We also offer private medical cover, life assurance, critical illness cover, enhanced parental leave and a variety of lifestyle benefits to help our employees live their best lives, including retail discount vouchers, cycle2work scheme, subsidised restaurant and online GP appointments.

If you’re ready to take your career to the next level and be part of a dynamic, innovative team, we want to hear from you. Apply now and let’s build the future together!

The legal bits

We’ll need you to confirm you have the right to work in the UK. If we offer you a job and you accept, there are some checks we need to complete before you can start with us. This will include a credit and criminal record check, as well as providing satisfactory references.

Equal Opportunity Employer: We are an equal opportunities employer and welcome applications from all suitably qualified persons regardless of their age, disability, race, religion/belief, gender, sexual orientation or gender identity.

Our story started over 190 years ago, right here in the UK. We were originally founded as Scottish Equitable, but today we’re part of Aegon. We’re the UK’s largest investment platform, and we put financial wellbeing at the heart of our organisation. As a purpose-led business, we’re focused on supporting our customers as they navigate through new stages of their lives and all the moments that matter. We’re here for everyone who wants to make the most of their time on the planet and leave it a little better than they found it, however grand or humble their ambitions. Working at Aegon, you’ll play an important part in helping achieve this.