The Group-wide Risk and Compliance function provides second line of defence oversight and control, overseeing financial and non-financial risks and ensuring adherence to regulatory and internal compliance requirements
Job Summary
The Group-wide Risk and Compliance function provides second line of defence oversight and control, overseeing financial and non-financial risks and ensuring adherence to regulatory and internal compliance requirements.
The Model Risk and Model Validation COE team develops and implements the Model Risk Policy, provides independent assurance and validation of key models, and validates internal capital model components for the Group Internal Economic Capital Assessment.
The role involves overseeing critical model validation processes, supporting validation for valuation, capital reporting, and pricing, preparing validation reports for governance committees, and contributing to the standardization of the validation framework.
Matching Summary
The Group-wide Risk and Compliance function provides second line of defence oversight and control, overseeing financial and non-financial risks and ensuring adherence to regulatory and internal compliance requirements.
Skills & Requirements
Must-have
Actuarial model validation
Model Risk Policy
Independent assurance and validation
Group Internal Economic Capital Assessment
Group-wide Supervision framework
Nice-to-have
Analytical mind-set
Strong problem solving skills
Commercially orientated and pragmatic
Flexible to adapt to fluid environment
Key Requirements
Qualified actuary (at least 5 year PQE)
Life insurance or risk management background
Prior experience of actuarial model testing, validation or audit