Credit Risk Modelling Actuary – Hybrid/Remote Options

Standard Life plc; Birmingham; Hybrid; GBP 86,000 - 105,000; Full time

Benefits offered by this job

Private medical cover

38 days annual leave

Excellent pension

12x salary life assurance

Career breaks

Volunteering days

Job summary

Standard Life plc is seeking a qualified actuary to support the development of Solvency II internal models for credit risk. You will collaborate with Asset Management, Risk and Finance to improve capital efficiency and ensure regulatory compliance.

The role involves calibration, governance, and ongoing model enhancements across asset classes, with hybrid work and UK offices including London, Birmingham, Telford or Edinburgh.

Qualifications

• Actuary with knowledge of credit risk capital models.
• Strong knowledge of Solvency II internal model methodologies.
• Experience in life insurance risk and capital management.

Responsibilities

• Support the Senior Actuary and Head of Credit Modelling in developing Solvency II Internal Model for credit risk.
• Oversee annual credit model calibration and validation with governance approvals.
• Collaborate to develop capital methodologies for asset classes and investment strategies.

Skills

Actuary

Credit risk models

Capital modelling

Solvency II

Stakeholder management

Collaborative problem solving

Education

Actuarial qualification

Tools

Python

VBA

Job description

Standard Life plc is seeking a qualified actuary to support the development of Solvency II internal models for credit risk. You will collaborate with Asset Management, Risk and Finance to improve capital efficiency and ensure regulatory compliance.

The role involves calibration, governance, and ongoing model enhancements across asset classes, with hybrid work and UK offices including London, Birmingham, Telford or Edinburgh.