Risk Manager - Model Risk

JR United Kingdom; London; On-site; GBP 80,000 - 120,000; Full time

Job summary

A leading global insurer seeks a Model Risk Management Lead to enhance its risk function. This high-impact role involves validating internal models, shaping governance, and collaborating with senior stakeholders. Ideal candidates will have expertise in Solvency II, strong communication skills, and a passion for innovation in risk management.

Qualifications

• Deep knowledge of Solvency II and internal model validation.
• Strong communication skills to simplify technical concepts.
• Passion for innovation, especially in AI and climate risk.

Responsibilities

• Lead validation of internal capital models and challenge business-critical models.
• Shape model governance in line with regulatory guidance.
• Manage a sub-team and contribute to key committee meetings.

Skills

Knowledge of Solvency II

Strong communication skills

Passion for innovation

Ability to influence

Job description

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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 diversity, inclusion, 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