Group Head of Validation

Admiral Careers; City of Westminster; Hybrid; GBP 60,000 - 90,000; Full time

Job summary

A leading insurance provider in the UK is seeking a Group Head of Validation to develop the model validation strategy and ensure compliance with regulatory standards. This role requires a qualified actuary with experience in internal model validation and a strong understanding of Solvency II regulations. The company offers a supportive culture, flexible working arrangements, and generous benefits including up to 38 days of holiday and employee share options.

Benefits

33 days holiday including bank holidays

Option to buy or sell annual leave

Up to £3,600 of free shares each year

Qualifications

• Qualified actuary with experience working on Internal Model validation.
• Strong knowledge of Solvency II regulations.
• Exceptional analytical and problem-solving abilities, with a keen eye for detail.

Responsibilities

• Develop the overall model validation scope and plan.
• Act as the subject matter expert on regulatory requirements.
• Consolidate results from model validation activities and present findings.
• Collaborate with Chief Actuary and Chief Risk Officer.

Skills

Technical proficiency

Problem-solving

Strong analytical abilities

Collaboration

Excellent communication

Education

Qualified actuary

Job description

Group Head of Validation

What You'll Do

• Develop the overall model validation scope and plan, managing the scope and costs of any external reviews commissioned.
• Act as the subject matter expert on the Solvency II/UK regulatory requirements, PRA & GFSC rulebooks and the frameworks used in assessing model risks and wider regulatory compliance.
• Deliver against the plan of activities, maintaining and developing the Solvency II/UK validation, model risk and regulatory compliance frameworks, policies and standards.
• Consolidate results from model validation activities and present progress and findings to the relevant Committees and Boards.
• Maintain and amend the model validation scope and plan against a range of trigger events or changes within the business, supporting any major model change protocols.
• Collaborate with the Chief Actuary, Chief Risk Officer, and Head of Capital on wider review of methodology and assumptions in respect of internal models.
• Support the business with Risk and Capital Assessments for new products, businesses and propositions where appropriate.
• Monitor and report on all material validation findings across the Group to the relevant committees and boards.
• Support the financial risk appetite process, with appropriate early warning indicators, triggers and limits and reporting mechanisms.
• Input into both the stress and scenario testing for the Group and the wider ORSA process.

What We're Looking For

We are seeking a candidate who is not only technically proficient but also brings a fun and engaging attitude to the workplace.

• A qualified actuary with experience working on Internal Model validation.
• Strong knowledge of Solvency II regulations.
• Exceptional analytical and problem-solving abilities, with a keen eye for detail.
• Excellent communication skills, both written and verbal, to effectively convey complex information.
• Collaborative mindset, ready to work with diverse teams.
• Natural curiosity and eagerness to learn.

Why Join Us

• Be part of innovative projects that challenge and inspire you.
• Access to continuous learning opportunities.
• Supportive environment where ideas are valued.
• Enjoy a healthy work-life balance with flexible working arrangements.
• Fun culture: join a company that strives to make each working day fun and enjoyable.

Benefits & Culture

Admiral is a diverse and inclusive business. Everyone is accepted, supported and empowered. Progression is not slowed or halted by barriers related to race, gender, age, sexuality or any of the protected characteristics.

33 days holiday including bank holidays when you join, increasing to up to 38 days after five years. Option to buy or sell up to five additional days of annual leave. Up to £3,600 of free shares each year after one year of service.

Please note - we may close this vacancy early if we receive lots of applications or business priorities change.