Credit Modelling Actuary

Phoenix Group; Hollywood; Hybrid; GBP 70,000 - 95,000; Part time

Job summary

Join a leading company as a Credit Modelling Actuary, where you will develop industry-leading modelling capabilities in credit risk. This role offers a blend of office and flexible working options, along with a competitive salary and benefits package.

Benefits

16% bonus

Private medical cover

38 days annual leave

Excellent pension

12x salary life assurance

Career breaks

Income protection

3x volunteering days

Qualifications

• Up to 5 years of post-qualification experience.
• Knowledge of credit risk capital models.

Responsibilities

• Lead methodology development for Major Model Changes.
• Collaborate with Credit Rating Research Team.
• Provide coaching and support for analysts.

Skills

Communication

Stakeholder Management

Education

Qualified Actuary

Job description

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Job Description

Job Type: Permanent

Location: This role could be based in our Telford, London, Wythall or Edinburgh offices with time spent working in the office and at home.

Flexible working: All of our roles are open to part-time, job-share and other types of flexibility. We will discuss what is important to you and balancing this with business requirements during the recruitment process. You can read more about Phoenix Flex here.

Closing Date: 1st June

Salary and benefits: Up to 95k plus 16% bonus up to 32%, private medical cover, 38 days annual leave, excellent pension, 12x salary life assurance, career breaks, income protection, 3x volunteering days and much more.

Hiring Manager: Karl Ma

We have an incredible opportunity to join our Credit risk capital modelling team as a Credit Modelling Actuary.

Who are we?

We want to be the best place that any of our 6,600 colleagues have ever worked.

We’re the UK’s largest long-term savings and retirement business. We offer a range of products across our market-leading brands, Standard Life, SunLife, Phoenix Life and ReAssure. Around 1 in 5 people in the UK has a pension with us. We’re a FTSE 100 organisation that is tackling key issues such as transitioning our portfolio to net zero by 2050, and we’re not done yet.

The role

This is an excellent opportunity for a qualified actuary to develop their career and gain specialist knowledge in credit risk modelling and insurance investing. You will work with a team of highly experienced actuaries to develop the Solvency II Internal Model approach to Credit risk. You will be responsible for developing industry-leading modelling capability, collaborating with the asset management team to support onboarding of new assets and embedding credit risk models into the wider business.

Key Responsibilities

• Lead methodology development for Major Model Changes to optimise Phoenix’s credit risk internal model.
• Support operationalisation of Major Model Change into BAU and establish BAU modelling processes.
• Collaborate with Credit Rating Research Team to develop rating and stressing methodology for illiquid assets.
• Lead the development of reinsurance counterparty credit risk methodologies.
• Provide coaching and support for analysts in the team.
• Support effective multi-site team working practices.
• Maintain regulatory, technical, business and professional knowledge including Solvency II regulations and professional actuarial standards amidst regulatory change.

What are we looking for?

• A qualified Actuary with up to 5 years of post-qualification experience.
• Knowledge of credit risk capital models and experience with capital modelling and rating methodology for illiquid assets.
• Detailed knowledge of SII requirements and Internal Model methodologies.
• Understanding of insurance and investment risk, capital management and modelling.
• Up-to-date knowledge of industry techniques for internal models.
• Excellent communication skills and stakeholder management experience.

We Want To Hire The Whole Version Of You

We are committed to diversity and inclusion. If your experience differs from the advertised requirements but you believe you can bring value to the role, we encourage you to apply. Please let us know if you need adjustments during the recruitment process.

Learn More

• Guide for Candidates: thephoenixgroup.pagetiger.com/guideforcandidates
• Contact our colleagues: www.thephoenixgroup.com/careers/talk-to-us

Additional Information

• Seniority level: Mid-Senior level
• Employment type: Part-time
• Job function: Finance and Sales