Hybrid Credit Risk Modelling Actuary

Standard Life plc; City of Edinburgh; Hybrid; GBP 86,000 - 105,000; Full time

Benefits offered by this job

Private medical cover

38 days annual leave

Excellent pension

Life assurance 12x salary

Career breaks

Income protection

Volunteering days

Job summary

Standard Life plc is hiring a Senior Actuary to support credit modelling, improving the internal model for Solvency II credit risk. You will work with Asset Management, Risk and Finance to implement changes that enhance capital efficiency and ensure regulatory compliance.

The role requires a qualified actuary with strong knowledge of credit risk models and SII requirements, plus collaboration across teams to deliver practical, commercial solutions.

Qualifications

• Qualified actuary with knowledge of credit risk capital models.
• Strong knowledge of SII requirements and Internal Model methodologies.
• Experience with life insurance risk, capital management and their application.

Responsibilities

• Support the Senior Actuary and Head of Credit Modelling in developing the Solvency II Internal Model for credit risk.
• Collaborate with Asset Management, Risk and Finance to implement methodology changes.
• Manage annual credit model calibration and validation, with governance approvals.

Skills

Actuary

Credit risk models

SII regulations

Stakeholder management

Python

Education

Actuarial qualification

Tools

Python

VBA

Job description

Standard Life plc is hiring a Senior Actuary to support credit modelling, improving the internal model for Solvency II credit risk. You will work with Asset Management, Risk and Finance to implement changes that enhance capital efficiency and ensure regulatory compliance.

The role requires a qualified actuary with strong knowledge of credit risk models and SII requirements, plus collaboration across teams to deliver practical, commercial solutions.