Actuarial Model Risk Analyst – Independent Validation

Pacific Life; City Of London; On-site; GBP 65,000 - 85,000; Full time

Benefits offered by this job

25 days annual leave

Private medical insurance

Pension contributions

Gym membership

Volunteer time off

Job summary

Pacific Life Re seeks a Model Risk Analyst, Divisional, to join our Model Risk Management team. You will conduct independent validation and risk reviews of actuarial models across the organisation, collaborating with model owners to strengthen governance, controls and processes.

You will work across Reporting, Pricing, R&D and Underwriting, spanning traditional actuarial models and AI solutions, applying actuarial judgement to identify risks and drive continuous improvement within Pacific Life

Qualifications

• Near-qualified actuary with 3+ years of experience in the field.
• Good knowledge of actuarial models and modelling software.
• Strong understanding of life insurance and reinsurance industries.
• Proven ability to proactively problem solve and challenge practices.
• Ability to exercise independent judgement and explain evidence-based views clearly.
• Strong report writing and communication skills.
• Ability to manage competing priorities and projects.

Responsibilities

• Scope, plan and deliver model risk reviews under the MRM framework.
• Conduct scheduled independent reviews of actuarial models.
• Address remediation actions and monitor progress from prior reviews.
• Develop and deliver model risk information for business leaders.
• Identify recurring model risk themes and support governance initiatives.
• Present findings to model owners and senior leaders.
• Collaborate with Line 1 delivery teams and Model Risk for improvements.

Skills

Near-qualified actuary

3+ years experience

Actuarial modelling knowledge

Life insurance & reinsurance

Problem solving

Independent judgement

Report writing

Priorities management

Job description

Pacific Life Re seeks a Model Risk Analyst, Divisional, to join our Model Risk Management team. You will conduct independent validation and risk reviews of actuarial models across the organisation, collaborating with model owners to strengthen governance, controls and processes.

You will work across Reporting, Pricing, R&D and Underwriting, spanning traditional actuarial models and AI solutions, applying actuarial judgement to identify risks and drive continuous improvement within Pacific Life