Risk Manager - Model Risk

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

Job summary

A leading global insurer is seeking a Model Risk Management Lead in London to drive model validation and governance in a values-driven environment. This role involves engaging with stakeholders, shaping models for various business needs, and fostering innovation in areas like AI and climate risk.

Qualifications

• Experience in internal model validation is crucial.
• Strong ability to communicate complex concepts simply.
• Interest in AI, climate risk, and ethical model use valued.

Responsibilities

• Lead validation of internal capital models.
• Shape model governance according to regulatory guidelines.
• Manage sub-team and contribute to strategic risk initiatives.

Skills

Deep knowledge of Solvency II

Strong communication skills

Passion for innovation

Ability to influence senior decision-makers

Job description

Job Description

A leading global insurer is looking for a Model Risk Management Lead to join its growing and dynamic risk function. With operations across more than 20 countries, this organisation is known for its innovative, people-first culture and commitment to supporting clients in complex, evolving environments.

In this high-impact role, you’ll be responsible for leading the validation of internal capital models and challenging a wide range of business-critical models, including those used for pricing, catastrophe exposure, capital planning, and emerging technologies like artificial intelligence. You’ll take a hands-on role in shaping model governance in line with regulatory guidance (e.g., PRA’s CP6/22), while helping embed model risk management as a key strategic discipline across the enterprise.

You will work closely with senior stakeholders, cross-functional teams, and regulatory bodies. In addition to managing a sub-team, you’ll contribute to key committee meetings, coach junior colleagues, and support strategic risk initiatives.

What you’ll bring:

• Deep knowledge of Solvency II and internal model validation
• Strong communication skills to simplify technical concepts
• Passion for innovation, especially in AI, climate risk, and ethical model use
• Ability to influence senior decision-makers and drive change

The organisation is committed to , , and flexible working. If you’re excited about helping shape the future of model risk in a values-driven, collaborative environment, we encourage you to apply.

Applications open now – make a meaningful impact through better risk thinking