Senior Actuary, Model Validation & Risk Oversight

M&G; Stirling; Hybrid; GBP 70,000 - 100,000; Full time

Benefits offered by this job

Pension up to 18%

Share Save & Plan

38 days annual leave

Inspiring Families policy

Private healthcare

Critical illness & Life cover

Job summary

M&G is seeking a Manager/Expert in Model Validation within its Risk and Compliance function. The role focuses on independent validation of capital, pricing and valuation models, ensuring accuracy and integrity across the group.

You will collaborate with colleagues to expand coverage of model development risks, contribute to risk framework development, and support regulatory reporting to the PRA and boards. Strong analytical and communication skills are essential.

Qualifications

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

Responsibilities

• Provide independent validation of models used across M&G plc (e.g. capital, pricing, valuations) to provide assurance on accuracy and integrity.
• Summarise validation results and present to committees and senior stakeholders; agree actions with model owners.
• Collaborate with colleagues to cover model development risks and support the risk framework updates.
• Support quarterly model change log reporting to the PRA and Solvency UK compliance exercises to senior committees and Boards.

Skills

Actuarial modelling

Statistical modelling

Model risk governance

Model development risks

Risk framework development

Analytical skills

Communication skills

Problem solving

Python

PowerBI

R

Relationship building

Diplomacy

Education

CFA or Qualified Actuary desirable

Tools

Python

PowerBI

R

Job description

M&G is seeking a Manager/Expert in Model Validation within its Risk and Compliance function. The role focuses on independent validation of capital, pricing and valuation models, ensuring accuracy and integrity across the group.

You will collaborate with colleagues to expand coverage of model development risks, contribute to risk framework development, and support regulatory reporting to the PRA and boards. Strong analytical and communication skills are essential.