Job Description
Woodland Partners are working with this global Reinsurer to strengthen their Risk function with the hire of a new Risk Analyst. Reporting into the Head of Risk and Compliance the role is responsible for the development and production of Risk Management Information (Risk MI) and enhancement of 2nd line model validation efforts within the UK.
Key responsibilities:
1. Supports the UK CRCO 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;
2. Aids the UK CRCO 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;
3. 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, and iii) calculation and validation of various stress & scenario tests;
4. Develops or enhances policies, tools and methodologies to measure, monitor, an...