Senior Quant Risk Actuary — 2nd Line Risk

Chaucer Group; Greater London; Hybrid; GBP 120,000 - 190,000; Full time

Benefits offered by this job

Hybrid work model

Medical, life and pension cover

Non-contributory benefits

Job summary

Chaucer is seeking a Senior Quantitative Risk Actuary to join our 2nd line risk management function in London. You will lead end-to-end internal model validation for Solvency II/LLoyd's aligned frameworks and provide independent challenge across capital modelling, reserving, and risk governance.

The role focuses on validating methodologies, assumptions, and documentation, while collaborating with underwriting, finance, risk and compliance teams to strengthen capital resilience.

Qualifications

• Strong analytical and critical thinking skills for challenging model outputs.
• Experience in risk modelling, validation, and regulatory reporting within a Lloyd's or Solvency II context.
• Ability to communicate complex quantitative outputs clearly to senior stakeholders and governance bodies.

Responsibilities

• Lead the end-to-end Internal Model validation process ensuring methodology, governance and documentation meet Solvency II and Lloyd's requirements.
• Provide independent assurance over adequacy and effectiveness of the internal model validation framework.
• Produce annual Validation Reports and present findings to risk and model governance committees.
• Provide 2nd Line oversight of reserving processes, including assumptions reviews and capital outputs.
• Develop the 2nd Line model risk framework and challenge 1st Line testing of models.

Skills

Quantitative analytics

Model validation

Regulatory reporting

Education

FIA or equivalent

Job description

Chaucer is seeking a Senior Quantitative Risk Actuary to join our 2nd line risk management function in London. You will lead end-to-end internal model validation for Solvency II/LLoyd's aligned frameworks and provide independent challenge across capital modelling, reserving, and risk governance.

The role focuses on validating methodologies, assumptions, and documentation, while collaborating with underwriting, finance, risk and compliance teams to strengthen capital resilience.