Summary: The Risk Modelling Actuary / Senior Analyst will join M&G's Solvency II Internal Capital Model development project team, focusing on the risk modelling of illiquid credit-risky assets. This role involves technical work, drafting documentation, and stakeholder communication, contributing to the development of methodologies for the credit risk model. The position is a 12-month secondment with a blend of remote and office work in London or Scotland. The successful candidate will engage with various business areas to support project plans and data requirements.

Key Responsibilities:

• Support the development of economic and market-related methods and assumptions used to calculate the value of liabilities, regulatory capital, and options and guarantees.
• Work collaboratively with colleagues around M&G to deliver successful outcomes.
• Take personal accountability to maintain and enhance controls to support the improvement of the overall control environment, improvement of customer outcomes and reduction in the company's operational risk.
• Generate new ideas and make improvements to existing processes.
• Ensure appropriate stakeholder management and governance.

Key Skills:

• Bachelor's degree, Master's degree or PhD in a quantitative subject, e.g. mathematics, computer science, actuarial science.
• Experience of developing working relationships with key stakeholders.
• Experience of presenting findings and results, and building an understanding of audience-specific communication requirements.
• A track record of successful delivery in pressured environments with the ability to cope with competing demands.
• Good knowledge of financial markets.
• Good knowledge of multiple asset types.
• Good understanding of statistics and statistical methods (e.g. stochastic simulation, VaR methodology and back-testing).
• Good practical experience in code development in (Python / C++ / R / Matlab).
• The ability to implement novel technical solutions that are pragmatic, so they fit within business needs and produce analysis to support solutions.

Salary (Rate): undetermined

City: London

Country: United Kingdom

Working Arrangements: hybrid

IR35 Status: undetermined

Seniority Level: undetermined

Industry: Other