Actuarial Model Risk Analyst – Independent Validation

Pacific Life Re Limited; Greater London; Sur place; GBP 60 000 - 90 000; Plein temps

Avantages offerts par ce poste

25 days annual leave

Private health insurance

Pension contributions 15%

Gym membership subsidy

Volunteering time off

Charitable matching

Résumé du poste

Pacific Life Re Limited is seeking a Model Risk Analyst, Divisional to join its Model Risk Management team. The role focuses on independent validation of actuarial models and risk reviews across PL's operations, partnering with model owners to strengthen governance and controls.

You will work with diverse teams across reporting, pricing, R&D, capital management, business planning and underwriting. The position offers exposure to multiple modelling platforms and a range of methodologies.

Qualifications

• Near-qualified actuary.
• 3+ years of relevant experience.
• Good knowledge of actuarial models and modelling software.
• Good understanding of life insurance & reinsurance industry.
• Proven ability to proactively problem solve and challenge practices.
• Ability to exercise independent judgement, constructively challenge methodologies and practices, and explain evidence-based views clearly.
• Strong report writing skills.
• Ability to manage competing priorities and projects.

Responsabilités

• Scope, plan and deliver model risk reviews while developing and defending review conclusions.
• Scheduled independent reviews of actuarial models under PL's Model Risk Management (MRM) Framework.
• Targeted reviews in response to specific business requests, operational events or major model change.
• Monitoring and reviewing model owners' progress in addressing remediation actions from previous reviews.
• Develop and deliver model risk management information for business leaders.
• Identify recurring model risk themes and support strategic model risk, governance and process improvement initiatives.
• Present findings and recommendations clearly to model owners, senior leaders and wider business stakeholders.
• Support collaboration on strategic improvements between Line 1 delivery teams and Model Risk.

Connaissances

Near-qualified actuary

Actuarial modelling knowledge

Report writing

Independent judgement

Description du poste

Pacific Life Re Limited is seeking a Model Risk Analyst, Divisional to join its Model Risk Management team. The role focuses on independent validation of actuarial models and risk reviews across PL's operations, partnering with model owners to strengthen governance and controls.

You will work with diverse teams across reporting, pricing, R&D, capital management, business planning and underwriting. The position offers exposure to multiple modelling platforms and a range of methodologies.