Actuary
Posted 1 week ago by Lorien
Negotiable
Undetermined
Hybrid
London Area, United Kingdom
Summary: The role of Actuary focuses on leading the Independent Model Validation team at a prominent UK insurer, ensuring compliance with regulatory standards for the Internal Economic Capital Model (IECM). The actuary will be responsible for developing validation frameworks, producing reports for senior leadership, and mentoring a validation team. This position requires strong stakeholder engagement and a proactive approach to industry trends. The role is hybrid, requiring three days in the office.
Key Responsibilities:
- Lead the independent validation of the IECM and significant models, ensuring compliance with Solvency UK and regulatory requirements.
- Develop and enhance validation frameworks, processes, and annual plans.
- Produce impactful reports for senior leadership and committees.
- Oversee model risk management, maintain model inventories, and set best practices.
- Mentor and develop a high-performing validation team.
- Build strong relationships with senior stakeholders and stay ahead of industry trends.
Key Skills:
- Qualified actuary (AC11 or equivalent) with deep experience in independent model validation or capital modelling and technical review in general insurance.
- Strong knowledge of insurance principles, risk management, compliance, and regulatory frameworks.
- Proven leadership, people management, and strategic insight.
Salary (Rate): undetermined
City: London
Country: United Kingdom
Working Arrangements: hybrid
IR35 Status: undetermined
Seniority Level: undetermined
Industry: Other
Actuary - Capital Model or Independant Validation
Location: London
Hybrid working - 3 days in the office
Length : 3 months
Ready to shape the future of risk management at one of the UK’s leading insurers? We’re looking for a dynamic, qualified actuary to lead our Independent Model Validation team. You’ll play a pivotal role in ensuring our Internal Economic Capital Model (IECM) meets the highest regulatory standards, driving best-in-class model risk oversight, and influencing decisions at the highest levels—including Board and Audit Committees.
What you’ll do:
- Lead the independent validation of our IECM and significant models, ensuring compliance with Solvency UK and regulatory requirements.
- Develop and enhance validation frameworks, processes, and annual plans.
- Produce impactful reports for senior leadership and committees.
- Oversee model risk management, maintain model inventories, and set best practices.
- Mentor and develop a high-performing validation team.
- Build strong relationships with senior stakeholders and stay ahead of industry trends.
What you’ll bring:
- Qualified actuary (AC11 or equivalent) with deep experience in independent model validation or capital modelling and technical review in general insurance.
- Strong knowledge of insurance principles, risk management, compliance, and regulatory frameworks.
- Proven leadership, people management, and strategic insight.