Actuary, Model Risk Management Life Reinsurance | London | Recently Qualified to c.3 Years PQE
I’m working with a leading global life reinsurer looking to hire an Actuary into its Model Risk Management team, at a slightly more senior level than the Analyst position.
This role would suit a recently qualified actuary through to around 3 years PQE who wants to broaden their experience beyond a single actuarial specialism and take on greater ownership of independent model review, challenge and governance.
The team provides assurance to senior management and the Board around the robustness of key actuarial models, while working closely with model owners to strengthen model design, methodology, processes and controls. The role offers exposure across a broad range of actuarial models, including pricing, reporting, economic capital and R&D. Model Risk Analyst, Divisional
What will you be doing? At this level, you would take greater ownership of reviews and be expected to provide more independent challenge across the modelling landscape.
Responsibilities are likely to include:
• Leading or taking significant ownership of independent reviews and validation of actuarial models
• Assessing model methodologies, assumptions, controls and overall model robustness
• Challenging modelling approaches and forming a clear independent view on whether methodologies are appropriate
• Reviewing significant model changes and identifying areas of material model risk
• Performing or overseeing independent baselining and validation work
• Working directly with model owners to agree findings, recommendations and remediation actions
• Monitoring progress against actions arising from previous reviews
• Reviewing model inventory and risk assessments
• Contributing to the ongoing development of model risk standards, governance and best practice
• Producing clear review reports and management information for senior stakeholders
• Supporting broader Model Risk Management initiatives across the business

These responsibilities build naturally on the core remit of the existing role, which includes independent model review, challenge, remediation monitoring, model inventory assessment and wider MRM initiatives. Model Risk Analyst, Divisional
Why consider it? The biggest attraction is the breadth and visibility of the role.
Rather than remaining within one actuarial area, you will gain exposure to multiple parts of a global reinsurance business and develop a much broader understanding of how actuarial models are designed, challenged and used in decision-making.
It should particularly appeal to someone who wants to:
• Broaden their experience beyond their current actuarial specialism
• Develop stronger judgement and independent challenge skills
• Take greater ownership of technically complex reviews
• Work with senior stakeholders across pricing, reporting, capital and R&D
• Build a deeper understanding of model governance and model risk
• Move towards more senior roles in model risk, actuarial risk, governance, capital or wider actuarial leadership

  For more information or a confidential discussion, please contact:
Bradley Grant
Senior Executive Consultant, Goodman Masson
0207 019 8869
bradley.grant@goodmanmasson.com