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- Tasks: Lead the development and validation of innovative partial internal models under Solvency II.
- Company: Join a forward-thinking financial services firm with a focus on growth and compliance.
- Benefits: Competitive salary, professional development, and a supportive work environment.
- Why this job: Make a real impact in the financial sector while enhancing your actuarial skills.
- Qualifications: Qualified Actuary with 5+ years in model development and regulatory experience.
- Other info: Dynamic role with opportunities for continuous learning and career advancement.
The predicted salary is between 48000 - 72000 £ per year.
Responsibilities
- Play a lead role in the development, validation and maintenance of our partial internal model under Solvency II.
- Design, develop, and enhance partial internal models that adhere to our risk tolerances and are scalable for future growth.
- Conduct rigorous validation and testing of models to ensure accuracy and compliance with regulatory standards.
- Analyse large datasets to identify trends, patterns, and insights that inform model assumptions and parameters.
- Ensure all models comply with Solvency II requirements and other relevant regulatory frameworks.
- Review and enhance existing processes to implement the partial internal model.
- Prepare comprehensive documentation for model development, assumptions, methodologies, and validation processes.
- Collaborate with internal stakeholders, including risk management, finance, and underwriting teams, to gather requirements and provide insights.
- Stay updated with industry trends, best practices, and regulatory changes to continuously improve the internal model.
- Maintain competence and fitness and propriety standards to the level required by the Company’s regulators.
- Adhoc tasks as required.
- Comply with the FCA’s conduct (and senior conduct) and Consumer Duty rules and the PRA’s conduct (and senior manager conduct) standards as set out.
- Notify the regulator(s) of matters reasonably expected to be notified.
Core Competencies
- Ability to develop effective solutions to issues/problems.
- Good communication skills (written and verbal) and ability to build relationships.
- Good risk management analysis skills/understanding of risk.
- Pro-active, motivated and able to assimilate new skills/information quickly.
- Well-organised, good attention to detail, able to prioritise effectively, work independently and work to deadlines.
- Eager to learn and develop.
Experience and Qualifications
- Qualified Actuary, with minimum of 5 years’ experience in actuarial roles, with a focus on model development and validation.
- Financial Services (Life industry or Pensions Fund) experience.
- Experience of the regulatory environment in the UK.
Partial Internal Model Actuary in London employer: Utmost International
Contact Detail:
Utmost International Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Partial Internal Model Actuary in London
✨Tip Number 1
Network like a pro! Reach out to your connections in the actuarial field and let them know you're on the hunt for a Partial Internal Model Actuary role. You never know who might have the inside scoop on job openings or can put in a good word for you.
✨Tip Number 2
Prepare for interviews by brushing up on your technical skills and understanding of Solvency II. We recommend doing mock interviews with friends or colleagues to get comfortable discussing your experience and how it aligns with the job requirements.
✨Tip Number 3
Showcase your analytical skills! When you get the chance to discuss your past projects, focus on how you analysed large datasets and developed models. Use specific examples that highlight your problem-solving abilities and attention to detail.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets seen by the right people. Plus, we love seeing candidates who are proactive about their job search!
We think you need these skills to ace Partial Internal Model Actuary in London
Some tips for your application 🫡
Tailor Your CV: Make sure your CV reflects the specific skills and experiences that match the Partial Internal Model Actuary role. Highlight your experience in model development and validation, and don’t forget to mention your understanding of Solvency II requirements!
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you’re the perfect fit for us at StudySmarter. Share your passion for actuarial work and how your background aligns with our needs.
Showcase Your Analytical Skills: Since this role involves analysing large datasets, make sure to include examples of how you've successfully identified trends and insights in your previous roles. We love seeing those problem-solving skills in action!
Apply Through Our Website: We encourage you to apply directly through our website. It’s the best way for us to receive your application and ensures you don’t miss out on any important updates from our team!
How to prepare for a job interview at Utmost International
✨Know Your Models Inside Out
Make sure you’re well-versed in the partial internal models you’ve worked on. Be ready to discuss your experience with model development and validation, especially in relation to Solvency II. This will show that you not only understand the technical aspects but can also apply them effectively.
✨Showcase Your Analytical Skills
Prepare to talk about how you've analysed large datasets in the past. Bring examples of trends or insights you've identified that influenced model assumptions. This will demonstrate your ability to turn data into actionable insights, which is crucial for this role.
✨Communicate Clearly and Confidently
Good communication is key, especially when collaborating with different teams. Practice explaining complex actuarial concepts in simple terms. This will help you build rapport with interviewers and show that you can work well with stakeholders from various backgrounds.
✨Stay Updated on Industry Trends
Familiarise yourself with the latest developments in the regulatory environment and best practices in the actuarial field. Being able to discuss recent changes or trends will show your commitment to continuous improvement and your proactive approach to your professional development.