Model Risk Manager

Arthur; Greater London; On-site; GBP 70,000 - 100,000; Full time

Job summary

A leading company in the insurance sector seeks a candidate to oversee the validation of internal models, focusing on both Lloyd’s and company markets. The role involves managing governance and validation plans while ensuring strong frameworks are in place. Ideal candidates will have expertise in model validation and robust communication skills as well as experience with AI applications.

Qualifications

• Experience in overseeing validation processes for internal models.
• Strong understanding of governance frameworks in finance.
• Ability to manage and coordinate with external validators.

Responsibilities

• Oversee the validation of internal models across Lloyd’s and company markets.
• Manage the validation plan and coordinate governance.
• Lead presentations and discussions with external validators.

Skills

Governance

Risk Management

Model Validation

Communication

AI Applications

Job description

The core focus of this role is overseeing the validation of internal models across both the Lloyd’s and company markets. While most of the validation work is outsourced, you’ll be responsible for managing the validation plan, coordinating governance, and leading presentations and discussions with the external validator.

You'll also provide oversight across a wider range of models — including pricing, reserving, and emerging AI-based applications — ensuring strong governance and risk frameworks are in place throughout.