Overview
We are a FTSE 100 organisation tackling key issues such as transitioning our portfolio to net zero by 2050. The role: join our Credit risk capital modelling team as a Credit Modelling Actuary. This is an opportunity for a qualified actuary to develop their career and gain specialist knowledge in credit risk modelling and insurance investing. You will work with a team of experienced actuaries to develop the Solvency II Internal Model approach to Credit risk and be responsible for developing industry leading modelling capability, collaborating with the asset management team to support onboarding of new assets and embedding the credit risk model into the wider business.
Responsibilities
* Lead methodology development for Major Model Changes to optimise Phoenix's credit risk internal model.
* Support operationalisation of Major Model Change into BAU and establish BAU modelling processes.
* Collaborate with Credit Rating Research Team to develop rating and stress testing methodology for illiquid assets.
* Lead the development of reinsurance counterparty credit risk methodologies.
* Provide coaching and support for analysts in the team.
* Support appropriate working practices to enable an effective multi-site team.
Qualifications
* A qualified Actuary with post-qualification experience in the industry.
* Knowledge of credit risk capital models and experience with capital modelling and rating methodology for illiquid assets.
* Detailed knowledge of Solvency II requirements and Internal Model methodologies.
* A good understanding of insurance and investment risk, capital management and capital modelling.
* Up-to-date knowledge of latest industry techniques and practices for internal models.
* Excellent communication skills with strong stakeholder management experience.
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