Woodland Partners are delighted to be working with this global Insurer looking to build out theri Risk function with the hire of a Risk Reporting & Model Validation Manager. The role reports into their Group Head of Risk and is initially being offered on a part time basis (3 days/week) and primarily is responsible for the development and production of Risk Management Information (Risk MI) and enhancement of 2nd line model validation efforts within the UK.
Specific responsibilities include:
* Supports the UK CRO with the production and enhancement of Risk MI for Board Committee reporting including insurance, market, credit, liquidity, operational, strategic, group and regulatory / legal risks and risk controls, including risks associated with new acquired liabilities, new investment vehicles, and third-party operations support;
* Aids the UK CRO in maintaining a positive relationship with the PRA and FCA through the demonstration of a robust 2nd line of defense with examples of business influence and challenge as well as contributing to the embeddedness of a robust self-identifying and correcting risk culture throughout the organization;
* Collaborates with the Actuarial team for the production of the model validation programme including i) Internal Capital Model output for the UK, ii) UK volatility adjustment, iii) calculation and validation of various stress & scenario tests and iv) maintenance of various Capital presentations and validation activities for the Group Model Validation Committee;
* Deputises for the CRO on regulatory and UK committee responsibilities when appropriate;
* Develops or enhances policies, tools and methodologies to measure, monitor, and report risks;
* Applies analytical and quantitative risk management skills to develop material for discussions with executive committees and boards to inform risk management strategies;
Background and experience required:
* Knowledge and understanding of general re(insurance) concepts including the Solvency II balance sheet with 30 months or more of experience in re(insurance) industry preferred;
* Clear experience either through university education or prior job experience in quantitative risk management with any qualitative risk management experience viewed as a bonus;
* Model validation experience; previous validation of insurance, credit or market output preferred;
* Experience with UK and / or Bermudian capital output (SCR / BSCR);
The role is being offered initially on a part-time (3 days/week) basis