Senior Quantitative Risk Actuary: ORSA & Model Governance

Chaucer Syndicates Ltd; Greater London; On-site; GBP 120,000 - 180,000; Full time

Job summary

Chaucer Syndicates Ltd in London seeks a Senior Quantitative Risk Actuary to lead internal model validation, oversee reserving, market and credit risk, and contribute to ORSA and governance. The role requires a qualified actuary with experience in model validation and robust governance in a Lloyd’s/Solvency II context.

The candidate will provide independent challenge to Capital Modelling, Reserving, Finance and Risk, and will engage with senior stakeholders across committees and risk functions.

Qualifications

• Qualified actuary with post‑qualification experience.
• Experience in internal model validation within Lloyd’s or Solvency II‑regulated insurer.
• Strong technical understanding of reserve risk, inflation, uncertainty.

Responsibilities

• Lead end‑to‑end Internal Model validation for S1084 and S1176 with governance and documentation.
• Provide independent assurance over validation framework and processes.
• Produce annual Validation Reports for risk committees.
• 2nd Line oversight of reserving processes including assumptions and reserve risk outputs.
• Independent assessment of market risk exposures, investment strategies, and stress analyses.
• Oversee credit risk reviews and capital charges, and stress impacts.
• Develop and challenge ORSA stress and scenario tests and provide commentary.
• Develop second line model risk framework and challenge 1st line testing.
• Support quantitative risk assessments for business planning and emerging risks.
• Present quantitative findings to Risk & Capital Committees and senior management.

Skills

Model Validation

Reserving Risk

Financial Market Risk

Credit Risk

ORSA

Stakeholder Engagement

Model Governance

Regulatory Reporting

Job description

Chaucer Syndicates Ltd in London seeks a Senior Quantitative Risk Actuary to lead internal model validation, oversee reserving, market and credit risk, and contribute to ORSA and governance. The role requires a qualified actuary with experience in model validation and robust governance in a Lloyd’s/Solvency II context.

The candidate will provide independent challenge to Capital Modelling, Reserving, Finance and Risk, and will engage with senior stakeholders across committees and risk functions.