Senior Actuary, Model Validation & Risk Governance

M&G; Stirling; Hybrid; GBP 75,000 - 105,000; Full time

Benefits offered by this job

Pension scheme (up to 18%)

Share Save / Share Incentive Plan

38 days annual leave including bank

Private Healthcare & Life Assurance

Job summary

M&G is seeking a Manager/Expert in Model Validation to provide independent validation of pricing, capital and valuation models across the group. You will collaborate with cross-functional teams to strengthen model risk governance and contribute to regulatory compliance across Solvency UK and PRA frameworks.

The role offers flexible working arrangements, strong pension and health benefits, and opportunities to influence risk management in a leading financial services group.

Qualifications

• Experience in the validation of models and tools.
• Good knowledge of Financial services regulations and internal model design.
• Working knowledge of industry best practice and strong network with external bodies.
• Good knowledge of UK financial services regulatory environment.
• Strong knowledge of model development risks and risk framework development.
• Awareness of external developments and ability to implement improvements to processes and policies.

Responsibilities

• Provide independent validation of a range of models used across M&G plc to assure accuracy, reliability and integrity.
• Collaborate with colleagues to expand coverage of model development risks and support risk framework developments.
• Maintain and enhance controls to improve overall control environment and customer outcomes.
• Support quarterly model change log reporting to the PRA and Solvency UK Compliance exercises to senior committees.

Skills

Actuarial modelling

Statistical modelling

Model risk

Regulatory knowledge

Analytical skills

Problem solving

Education

CFA or Qualified Actuary desirable

Tools

Python

PowerBI

R

Job description

M&G is seeking a Manager/Expert in Model Validation to provide independent validation of pricing, capital and valuation models across the group. You will collaborate with cross-functional teams to strengthen model risk governance and contribute to regulatory compliance across Solvency UK and PRA frameworks.

The role offers flexible working arrangements, strong pension and health benefits, and opportunities to influence risk management in a leading financial services group.