Overview
Join to apply for the Group Head of Validation role at Admiral Group Plc.
Welcome to our dynamic and forward-thinking team! We are on the lookout for a Head of Validation who is ready to develop and lead our validation function with enthusiasm and a fresh perspective. If you are passionate about model validation and capital modelling more generally, and want to make a real impact, this is the perfect opportunity for you!
Responsibilities
* Develop the overall model validation scope and plan, managing the scope and costs of any external reviews commissioned.
* Act as the subject matter expert on the Solvency II/UK regulatory requirements, PRA & GFSC rulebooks and the frameworks used in assessing model risks and wider regulatory compliance.
* Deliver against the plan of activities, maintaining and developing the Solvency II/UK validation, model risk and regulatory compliance frameworks, polices and standards.
* Consolidate results from model validation activities and present progress and findings to the relevant Committees and Boards.
* Maintain and amend the model validation scope and plan against a range of triggers events or changes within the business, supporting any major model change protocols.
* Collaborate with the Chief Actuary, Chief Risk Officer, and Head of Capital on wider review of methodology and assumptions in respect of internal models.
* Support the business with Risk and Capital Assessments for new products, businesses and propositions where appropriate.
* Monitor and report on all material validation findings across the Group to the relevant committees and boards.
* Support the financial risk appetite process, with appropriate early warning indicators, triggers and limits and reporting mechanisms.
* Input into both the stress and scenario testing for the Group and the wider ORSA process.
Qualifications and Skills
* A qualified actuary with experience working on Internal Model validation.
* Strong knowledge of Solvency II regulations.
* Exceptional analytical and problem-solving abilities, with a keen eye for detail.
* Excellent communication skills, both written and verbal.
* A collaborative mindset and ability to work with diverse teams.
* Natural curiosity and eagerness to learn, with a passion for staying updated on industry trends and developments.
Why Join Us
* Exciting projects that challenge and inspire.
* Opportunities for professional growth.
* A supportive and inclusive environment where ideas are valued.
* Flexible working arrangements for a healthy work-life balance.
* A fun culture where the team strives to make each working day enjoyable.
Please note: We may close this vacancy early if we receive lots of applications or business priorities change.
Admiral: Where You Can
We’re a diverse and inclusive business with a people-first culture. You can Be You, grow and progress, make a difference for our customers and each other, and share in our future. Eligible for up to £3,600 of free shares each year after one year of service.
Benefits include 33 days holiday, increasing with length of service up to 38 days, with option to buy/sell up to five additional days. We’re a Great Place to Work for Women, Wellbeing, and overall, with over 25 years of recognition.
Location: Cardiff, Wales, United Kingdom
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