Divisional Actuarial Model Risk Analyst

Pacific Life Re Limited; Greater London; Hybrid; GBP 70,000 - 90,000; Full time

Benefits offered by this job

25 days annual leave

Private health insurance (employee & +

Group Life Insurance

Income protection

Cycle to Work

Job summary

Pacific Life Re Limited is seeking a Model Risk Analyst, Divisional to join its Model Risk Management team. The role focuses on independent validation and risk review of actuarial models across the organisation, strengthening governance, processes and controls.

You will work with diverse teams on models ranging from traditional actuaries to AI solutions, gaining exposure to multiple modelling platforms and applications while applying actuarial judgement to identify risks and drive improvements.

Qualifications

• Near-qualified actuary with progressing professional credentials.
• 3+ years of relevant actuarial experience in life or Takaful fields.
• Good knowledge of actuaries models and modelling software.
• Strong understanding of life insurance and reinsurance.
• Proven ability to challenge methodologies and communicate evidence-based views.
• Excellent report writing and stakeholder management skills.
• Ability to manage multiple priorities and projects.

Responsibilities

• Scope, plan and deliver model risk reviews and defend conclusions.
• Conduct scheduled independent reviews under the Model Risk Management framework.
• Address remediation actions from prior reviews and monitor progress.
• Develop model risk insights for business leaders and governance bodies.
• Identify recurring risk themes and support governance improvements.
• Present findings clearly to model owners and senior leaders and collaborate with Line 1 and Model Risk teams.

Skills

Near-qualified actuary

3+ years of relevant experience

Knowledge of actuarial models

Life insurance & reinsurance knowledge

Independent judgement

Strong report writing

Project management

Job description

Pacific Life Re Limited is seeking a Model Risk Analyst, Divisional to join its Model Risk Management team. The role focuses on independent validation and risk review of actuarial models across the organisation, strengthening governance, processes and controls.

You will work with diverse teams on models ranging from traditional actuaries to AI solutions, gaining exposure to multiple modelling platforms and applications while applying actuarial judgement to identify risks and drive improvements.