Senior Actuary – Model Validation & Risk Oversight

Careerwebsite; City of Edinburgh; Hybrid; GBP 90,000 - 120,000; Full time

Benefits offered by this job

Pension up to 18%

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Share Incentive Plan

38 days annual leave

Time Off When You Need It

Inspiring Families policy

Private Healthcare

Critical Illness cover

Life Assurance

Job summary

M&G plc is recruiting for a Manager/Expert level role in risk and model validation. The team validates capital, pricing and valuation models, challenging assumptions and methodologies to identify weaknesses.

You will contribute to the risk framework, collaborate across teams, and support enhancements to controls and regulatory reporting. The role requires experience in actuarial and statistical modelling, knowledge of UK financial services regulation, and familiarity with Python or PowerBI.

Qualifications

• Experience in actuarial and statistical modelling.
• Experience in model risk and governance.
• Experience of providing constructive challenge and oversight of technical matters.

Responsibilities

• Provide independent validation of models across M&G plc to ensure accuracy and integrity.
• Collaborate with colleagues to cover development risks and enhance the risk framework.
• Maintain controls to support improved customer outcomes and reduced operational risk.
• Report quarterly model change logs to the PRA and Solvency UK compliance.

Skills

Actuarial modelling

Statistical modelling

Model risk

Governance

Python

PowerBI

Education

CFA or Qualified Actuary

Tools

PowerBI

Python

Job description

M&G plc is recruiting for a Manager/Expert level role in risk and model validation. The team validates capital, pricing and valuation models, challenging assumptions and methodologies to identify weaknesses.

You will contribute to the risk framework, collaborate across teams, and support enhancements to controls and regulatory reporting. The role requires experience in actuarial and statistical modelling, knowledge of UK financial services regulation, and familiarity with Python or PowerBI.