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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: Attractive salary, professional development opportunities, and a supportive work environment.
- Other info: Dynamic role with opportunities for continuous learning and career advancement.
- 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.
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 employer: Utmost International
Contact Detail:
Utmost International Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Partial Internal Model Actuary
✨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 refer you directly.
✨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, share examples of how you've analysed large datasets in previous roles. This will demonstrate your ability to identify trends and insights that are crucial for model development.
✨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 take the initiative to engage directly with us.
We think you need these skills to ace Partial Internal Model Actuary
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the Partial Internal Model Actuary role. Highlight your experience in model development and validation, and don’t forget to mention your knowledge of Solvency II requirements. We want to see how your skills align with what we’re looking for!
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you’re passionate about this role and how your background makes you a perfect fit. Be sure to mention any relevant projects or experiences that showcase your analytical skills and attention to detail.
Showcase Your Communication Skills: Since good communication is key for this role, make sure your application reflects that. Use clear and concise language, and structure your documents well. We want to see that you can convey complex ideas effectively, just like you would when collaborating with our internal teams.
Apply Through Our Website: We encourage you to apply through our website for a smoother process. It’s the best way for us to receive your application and ensures you don’t miss out on any important updates. Plus, it shows you’re keen to join the StudySmarter 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, validation, and how you’ve ensured compliance with Solvency II. This shows you’re not just familiar with the theory but have practical insights to share.
✨Data Analysis is Key
Brush up on your data analysis skills! Be prepared to talk about how you've analysed large datasets in the past. Highlight specific trends or patterns you identified and how they influenced your model assumptions. This will demonstrate your analytical prowess and attention to detail.
✨Collaboration is Crucial
Since the role involves working with various teams, think of examples where you’ve successfully collaborated with stakeholders like risk management or finance. Share how you gathered requirements and provided insights, showcasing your communication skills and ability to build relationships.
✨Stay Updated and Show Enthusiasm
Keep yourself informed about the latest industry trends and regulatory changes. During the interview, express your eagerness to learn and develop further. This not only shows your commitment to the role but also aligns with the company’s values of continuous improvement.