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Audit Manager - Actuarial and Model Risk

Job Title: Audit Manager - Actuarial and Model Risk
Contract Type: Permanent
Location: London
Salary: Competitive
REF: 1338
Contact Name: Alexandra Scott
Contact Email:
Job Published: 26 days ago

Job Description

Audit Manager – Actuarial and Model Risk

The company

Our client is one of the UK’s most recognised Financial Services brands. They currently have an opportunity for an experienced actuary, to join their team to provide risk and control oversight across their actuarial activities. This role would be a fantastic opportunity for an experienced actuary looking to utilise their technical knowledge and their people skills, while getting oversight of the broadest possible range of actuarial activities.

The opportunity

  • Lead and or support the delivery of complex audits of high quality, to provide independent assurance and agree management actions to enhance the control framework.
  • Establish and build relationships with stakeholders to educate the business in the control framework and influence business processes and required actions to deliver control improvements.
  • Work collaboratively across the risk / business audit matrix to develop an understanding of business priorities and risk appetite relevant to assigned Audits, identify key controls and evaluate their design effectiveness requiring only light supervision.
  • Define, propose and complete testing of key controls for assigned Audits to evaluate their operational effectiveness requiring only light supervision.

Your profile

  • Actuarial and Insurance capital modelling, including reserving, longevity, liability and other insurance risk modelling, and solvency 2 requirements.
  • Knowledge of the model life cycle, and the associated risks
  • Statistical analysis and qualitative techniques for validating models
  • Credit risk modelling, regression based models, retail credit risk scorecards, Capital Requirements thereof, credit provision modelling techniques;
  • Capital modelling and optimisation
  • Capital management frameworks and regulatory capital treatments
  • Ideally Effective model risk management and governance;