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:
* 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;
* 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;
* 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;
* 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;
Candidate Profile:
* Demonstrates familiarisation of model validation techniques and experience;
* Practical experience in leading or working on the production of concise and meaningful risk reporting for Committee reporting;
* General insurance acumen, strong analytical skills, willingness to learn (intellectual curiosity) and abstract thinking;
* Emotional maturity and ability to work with senior stakeholders and build strong relationships;
Qualifications and Experience:
* Bachelors or Post graduate degree in in a quantitative discipline such as Economics, Maths, Data Science or Natural Sciences;
* Knowledge and understanding of general re(insurance) concepts including the Solvency II balance sheet with 12 to 18 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;
* Basic model validation experience; with any previous validation of insurance, credit or market output experience preferred;
This role is being offered as a really exciting opportunity for someone looking to grow and develop their risk management skills in a company looking to offer excellent training and development.