MERJE are working with a large ‘household name insurance business who have an exceptional reputation in the market, assisting in the search for a ‘Head of Model Validation’. This is an exceptional opportunity for candidates to work at a group level and enjoy exposure across the business and its international territories.
The successful candidate will own the second line validation process, working as part of a team to identify, measure and challenge financial risks across the group.
Tasks will include:
•Development of model validation scope and plan, working with third parties to deliver results.
•Collaborate with the Head of Financial and Actuarial Risk, Chief Risk Officer, Chief Actuary and Head of Capital on wider review of methodology and assumptions in respect of internal models
•Work with Senior Business Leaders to identify, measure, monitor, manage and report financial risks across the group, implementing controls and monitoring processes.
•Present findings and suggestions at appropriate risk committees.
•Support the delivery of model validation scope and model changes and plan against a range of trigger or changes across the group.
•Work closely with the first line to help identify and manage model risks, coaching and sharing knowledge.
•Monitor and report on all material validation findings across the Group to the relevant committees and boards.
Requirements:
•Experienced qualified actuary
•Detailed knowledge of general insurance regulation and operations.
•Experience of writing board/committee papers and strategy documents
•Ability to work independently and proactively as well as supporting a team
•Strong oversight, influencing and persuasion skills
•An ability to react quickly and decisively to problems once identified