Senior Quantitative Risk Actuary - 2nd Line Leader

Chaucer Group; Greater London; Hybrid; GBP 120,000 - 180,000; Full time

Benefits offered by this job

Flexible hybrid work

Medical & pension cover

Diversity & inclusion culture

Wellbeing support

Flexible holidays

Job summary

Chaucer Group, a leading Lloyd's insurer, seeks a Senior Quantitative Risk Actuary to drive 2nd Line oversight across validation, reserving, and market/credit risk. You will lead model validation programs, provide independent challenge, and contribute to ORSA and regulatory reporting with senior stakeholders.

The role requires a fully qualified actuary with deep Solvency II experience, strong analytics, and the ability to communicate complex results to governance forums.

Qualifications

• Fully qualified actuary (e.g., FIA or equivalent).
• Internal Model Validation experience within a Lloyd's or Solvency II-regulated insurer.
• Strong technical understanding of reserve risk, inflation analysis, and uncertainty.
• Experience reviewing capital model components and outputs.
• Ability to communicate complex quantitative outputs to senior stakeholders.
• Experience in 2nd Line oversight within the Lloyd's market.

Responsibilities

• Lead the end-to-end Internal Model validation process for Solvency II models, ensuring governance and documentation.
• Provide independent assurance over the adequacy and effectiveness of the internal model validation framework.
• Produce the annual Validation Reports and present findings to risk and model governance committees.
• Provide 2nd Line oversight of reserving processes, including assumptions and risk outputs.
• Develop, review and challenge ORSA inputs and analytical stress tests.
• Collaborate with Risk, Underwriting, Capital Modelling and Finance to ensure robust scenarios.

Skills

Internal Model Validation

Solvency II

Capital Modelling

Reserving risk

Regulatory reporting

ORSA

Model governance

Education

FIA or equivalent

Job description

Chaucer Group, a leading Lloyd's insurer, seeks a Senior Quantitative Risk Actuary to drive 2nd Line oversight across validation, reserving, and market/credit risk. You will lead model validation programs, provide independent challenge, and contribute to ORSA and regulatory reporting with senior stakeholders.

The role requires a fully qualified actuary with deep Solvency II experience, strong analytics, and the ability to communicate complex results to governance forums.