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A key role that contributes to the CRO’s Opinion of the ongoing appropriateness of the Internal Model.

Overview

Key duties (including, but not limited to):

  • Challenge business (first line) teams on proposed model & methodology changes
  • Perform Independent Validation reviews of Internal Model components including market, credit, & life insurance risk models
  • Confirm factual accuracy of findings with stakeholders and summarise points into Executive-level reports. Obtain explicit management responses and agreement of remedial actions. Monitor progress on addressing findings raised, escalating where necessary, and challenge the evidence of remediation before closing findings
  • Support the maintenance of a rolling schedule of review activity to provide appropriate coverage of Solvency II requirements
  • Maintain effective records of review evidence and Risk Opinions
  • Ensure work performed is in line with the CLG Internal Model Governance Policy and Solvency II requirements

Qualifications required:

  • Qualified Actuary or Equivalent

Experience required:

  • Experience in the life insurance industry
  • Strong technical knowledge and an understanding of Solvency II capital requirement calibrations, and a good understanding of Solvency II as a whole
  • Knowledge of Internal Model capital calibrations
  • Job Type: Experienced
  • Fields of Work: General Insurance
  • Experience Level: Newly Qualified
  • Job Reference: 27549
  • Location: London
  • Contract Type: Permanent
  • Employment Type: Full Time
  • Date Posted: 25 Jul 2024
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