Capital Actuary: Internal Model & Risk Analytics Lead

Pension Insurance Corporation; Greater London; Hybrid; GBP 90,000 - 130,000; Full time

Benefits offered by this job

Private medical insurance

28 days' annual leave

Generous pension scheme

Bonus scheme

Job summary

Pension Insurance Corporation (PIC) in London is seeking a Capital Actuary to shape and enhance the Internal Model underpinning the company’s regulatory capital framework. You will work within PIC's Finance Department, focusing on Credit Risk and capital methodologies, delivering robust analysis and management information to stakeholders.

The role offers challenging projects, collaboration with a skilled team, and opportunities to influence capital policy and risk management across the

Qualifications

• Experience of working within a life office or consultancy.
• Experience in developing capital models and processes.
• Experience working on proxy models is desirable.
• Line management is desirable.
• Fellow of the Institute and Faculty of Actuaries or other relevant qualification such as Financial Risk Management (FRM) is desirable.

Responsibilities

• Take ownership of Credit risk and other risk modules in the Internal Model, and ensure that the approach, design, methodology, operation and results remain robust and appropriate for use in the PIC business and are consistent with the PRA approval of the Internal Model framework and its policies
• Support activities to enhance and optimise to the PIC regulatory capital strategy with particular focus and specialisation on the market risk aspects, ensuring that such recommendations are thoroughly analysed and presented
• Contribute to technical development of the Internal Model applying the appropriate quantitative techniques to ensure it is appropriate and suitable for use
• Contribute to the technical development the proxy model which sits outside the Internal Model to ensure it remains appropriate and suitable for use

Skills

Proxy modelling

Distribution fitting

Stakeholder management

Python

R

MATLAB

Communication & report writing

Education

Fellow of the Institute and Faculty of Actuaries (or equivalent like FRM)

Job description

Pension Insurance Corporation (PIC) in London is seeking a Capital Actuary to shape and enhance the Internal Model underpinning the company’s regulatory capital framework. You will work within PIC's Finance Department, focusing on Credit Risk and capital methodologies, delivering robust analysis and management information to stakeholders.

The role offers challenging projects, collaboration with a skilled team, and opportunities to influence capital policy and risk management across the