Deputy Head of Model Reporting

axiscapital; Greater London; On-site; GBP 120,000 - 160,000; Full time

Job summary

AXIS Capital seeks a Deputy Head of Model Reporting to lead capital modelling for internal and regulatory purposes. You will govern model development, validation and reporting, coordinating with risk, pricing and external stakeholders.

The role requires senior leadership, strong analytical capabilities and clear communication of complex capital insights. You will oversee Lloyd's syndicate capital calculations, drive governance, and ensure timely, well-documented reporting with transparent

Responsibilities

• Lead the incorporation of new business plans into the internal model and analyse movements from the previous plan.
• Explain the impact on capital requirements, risk profile and model outputs to senior management.
• Monitor changes in AXIS's risk profile and implications for capital.
• Oversee management and regulatory capital reporting with clear explanations of drivers.
• Lead the calculation of regulatory capital for Lloyd's syndicates.
• Analyse emerging capital, risk, regulatory and business issues with conclusions and recommendations.
• Partner with Ceded Reinsurance, Pricing and Third-Party Capital on outwards reinsurance arrangements.
• Use model outputs to evaluate capital impact and risk transfer effectiveness.
• Support pricing and assessment of intragroup reinsurance covers.
• Ensure analysis is reviewed, documented and communicated to decision-makers.
• Lead model updates to reflect business developments and risk profile.
• Maintain documentation covering methodology and assumptions and their changes.
• Prepare materials for governance forums and record decisions and actions.
• Identify opportunities to improve efficiency, reliability and transparency of model processes.

Skills

Capital modelling

Regulatory capital reporting

Model governance

Leadership

Stakeholder communication

Education

University degree in a relevant field

Tools

Tyche platform

Job description

This is your opportunity to join AXIS Capital - a trusted global provider of specialty lines insurance and reinsurance. We stand apart for our outstanding client service, intelligent risk taking and superior risk adjusted returns for our shareholders. We also proudly maintain an entrepreneurial, disciplined and ethical corporate culture. As a member of AXIS, you join a team that is among the best in the industry.

At AXIS, we believe that we are only as strong as our people. We strive to create an inclusive and welcoming culture where employees of all backgrounds and from all walks of life feel comfortable and empowered to be themselves. This means that we bring our whole selves to work.

All qualified applicants will receive consideration for employment without regard to any protected characteristic, including age, color, disability, ethnicity, gender identity, marital status, national origin, pregnancy, race, religion, sex, sexual orientation, veteran status, or any basis prohibited by the laws that govern its operations.

Job Description: Deputy Head of Model Reporting

How does this role contribute to our collective success?

The Deputy Head of Model Reporting is a senior member of the Capital Modelling team, responsible for leading key uses of AXIS's internal capital model, which is built on the Tyche platform, and collaborating on its development, validation and governance. The role supports the Head of Model Reporting, providing technical direction, delivery oversight and continuity of leadership. The role has particular responsibility for business plan integration, reinsurance analysis, risk profile monitoring, and the calculation and analysis of regulatory capital for AXIS's Lloyd's syndicates. Working closely with Ceded Reinsurance, Pricing, Third-Party Capital and other stakeholders, the Deputy Head ensures that analysis is robust, clearly communicated and delivered to the required standard and timetable.

What will you do in this role?

Model use and reporting

• Lead the incorporation of new business plans into the internal model and analyse movements from the previous plan.
• Explain the resulting impact on capital requirements, risk profile and model outputs to senior management and other stakeholders.
• Monitor and report changes in AXIS's risk profile, highlighting material movements, concentrations and implications for capital.
• Oversee accurate and timely management and regulatory capital reporting, with clear explanations of drivers, assumptions, judgements and limitations.
• Lead the calculation and analysis of regulatory capital for AXIS's Lloyd's syndicates.
• Undertake targeted analysis of emerging capital, risk, regulatory and business issues, presenting conclusions and recommendations.

Reinsurance analysis

• Partner with Ceded Reinsurance, Pricing and Third-Party Capital to assess proposed outwards reinsurance and retrocession arrangements.
• Use internal model outputs to evaluate capital impact and risk transfer effectiveness, including key drivers, limitations and sensitivities.
• Use the internal model to support the pricing and assessment of AXIS's intragroup reinsurance covers.
• Ensure that analysis is appropriately reviewed, documented and communicated to relevant decision-makers.

Model updates, validation and governance

• Lead or oversee model updates required to reflect developments in AXIS's business, risk profile, material exposures and modelling requirements.
• Ensure that changes are supported by clear analysis, testing and documentation; explain material movements and their underlying causes.
• Maintain a thorough understanding of the model's structure, inputs, outputs, assumptions, limitations and dependencies on external economic and catastrophe models.
• Contribute to validation of model methods, inputs, outputs and implementation, using findings to identify limitations and prioritise future development.
• Provide constructive challenge to methods, assumptions, judgements and results; support timely resolution of findings and actions.
• Maintain proportionate documentation covering methodology, assumptions, parameter selections, changes, limitations and intended uses.
• Prepare clear materials for management and governance forums, and maintain appropriate records of decisions, reviews and actions.
• Identify opportunities to improve the efficiency, reliability and transparency of model processes and reporting.

Leadership

• Oversee key deliverables, ensuring that work is technically robust, appropriately reviewed and clearly documented.
• Help plan and prioritise the team's work, allocate responsibilities and monitor delivery against agreed deadlines.
• Provide technical direction, constructive review and coaching; directly manage and develop junior team members.
• Escalate material issues, uncertainties and delivery risks promptly, with a clear assessment and proposed resolution.
• Promote proportionate controls, effective review and continuous improvement across the team's processes.