This position will be responsible for Independent Validation of the firm's Internal Model and provides second line oversight of model risk.
Responsibilities:
- Deliver in dependant validation of the internal model, including market, credit & life insurance risk models
- Report the maintenance of review activity to provide appropriate coverage of Solvency II requirements
- Perform additional 2nd line activity as appropriate i.e Model Risk reviews
- Input to the wider ORSA process as appropriate
- Support engagement with the PRA in respect of the Internal Model
Experience:
- Qualified Actuary
- Proven track record at delivering reporting requirements
- Strong report writing skills
- Strong technical knowledge and understanding of Solvency II capital requirement calibrations and Solvency II as a whole