Risk Actuary – Risk & Compliance

Job Description

Duties include:
Motivate, manage, and lead other members of the Risk Function in the achievement of their business and individual objectives
Be responsible for maintaining core elements of the ERM framework, including the setting and reporting of overarching risk appetite limits, aligned to the risk strategy and risk preferences of the business; analysis of risk capital exposures, and a wide range of other risk-related information and KRIs, through the development and timely production of a holistic risk dashboard; helping to ensure that the business planning process incorporates appropriate consideration of risk appetite limits and capital requirements and is aligned with the ORSA and Risk Strategy
Be responsible for the overarching ORSA process and report production, liaising with other Group companies where appropriate, including ownership of the Stress and Scenario Testing framework (including Reverse Stress Testing)
In coordination with other Oversight Functions, contribute to oversight of key business decisions (considering the broad range of relevant risks, including financial risks.) For example, this might include oversight of acquisitions, change programmes, product developments, pricing, reinsurance, the budget process and capital management initiatives
Support the Head of Risk and Compliance in ensuring the success of the wider Risk Function, engaging with the full range of stakeholders, where appropriate, contributing to risk identification, measurement, management (including assurance) and monitoring of risks and providing advice to the business on financial and insurance risk matters
Draft the ongoing production of risk reports, including the Head of Risk and Compliance’s Reports for presentation to the International Management Group, the ERCMG and the Board Risk Committee
Champion the three lines of defence model for risk management, to help support the implementation, embedding and maintenance of all aspects of an effective, pragmatic and appropriate ERM framework
Support the Head of Risk and Compliance to work with management to embed a disciplined risk management culture by disseminating best practice and raising levels of awareness

Skills and experience required:
Qualified actuary or relevant risk management qualification
Experience in managing a team
Experience in engaging with a wide range of stakeholders
Experience in the life insurance industry
Comprehensive knowledge of integrated risk and capital management as part of a wider enterprise risk management framework and Solvency II requirements
Experience in applying technical expertise to analyse risk and capital information and convert this into management information that is both timely and helpful
Experience of embedding and maintaining an ERM framework
Experience of second line of defence risk oversight activities
Ability to manage and motivate direct reports with varying levels of experience
Strong communication skills, demonstrating a clear and articulate standard of written and verbal communication in a complex environment, tailored for all levels of management
Strong influencing skills, with experience of engaging with senior management in order to get desired outcome
Good interpersonal/networking skills, with the ability to maintain a variety of relationships with multiple stakeholders
Proven track record at delivering reporting requirements under tight time pressure