MODEL RISK MANAGER, DIVISIONAL | 30167

Overview

Key responsibilities including but not limited to the following:

• Scheduled independent reviews of actuarial models
• Targeted reviews in response to specific business requests, operational events or major model change
• Monitoring and reviewing model owners’ progress in addressing agreed remediation actions from previous reviews
• Develop and deliver model risk management information for business leaders
• Identify recurring model risk themes and support strategic model risk, governance and process improvement initiatives
• Present findings and recommendations clearly to model owners, senior leaders and wider business stakeholders
• Take accountability for complex reviews and strategic initiatives, coordinating reviewers and stakeholders and ensuring delivery to agreed scope, quality and timescales
• Support the development of junior colleagues and coach them with their career goals
• Deputise for the team lead and represent the model risk team at project steering committees, working groups and other forums
• Drive alignment of modelling practices and standards across the wider organisation
• Serve as a subject matter expert and trusted advisor for model stakeholders across the organisation

Qualifications Required

• Qualified actuary with at least three years’ broad post-qualification actuarial experience

Experience Required

• Substantial experience in actuarial modelling, model validation or risk oversight, including independently leading complex technical work
• Direct experience of effective governance, control design, documentation, testing and review standards for actuarial models
• Ability to exercise independent judgement, constructively challenge methodologies and practices, and explain evidence-based views clearly
• Experience planning and delivering technical review work across competing priorities
• Excellent report writing and review skills
• Direct management experience
• Direct experience of delivering strategic model change and/or process improvement
• Direct experience of working within a model valuation and reporting team, pricing team and research and development team.

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