Senior Validation Actuary

HFG; London; On-site; GBP 80,000 - 120,000; Full time

Job summary

A major insurance organization in London seeks a Senior Validation Actuary to enhance model governance and provide strategic oversight in a collaborative environment. This senior role requires leading independent validations and influencing key decisions while working closely with various stakeholders. The ideal candidate will possess strong skills in model validation and governance, with a robust understanding of regulatory requirements.

Qualifications

• Experience in independent model validation within a financial services environment.
• Strong understanding of Solvency II and UK regulations.

Responsibilities

• Lead the independent review and challenge of the Internal Model.
• Produce high-quality validation reports for Board approval.
• Develop robust model validation frameworks.

Skills

Independent model validation

Governance knowledge

Stakeholder engagement

Technical excellence

Regulatory compliance

Job description

We have partnered with one of the largest General Insurers to find them a Senior Validation Actuary to join their second-line risk function, focusing on independent model validation, governance, and strategic oversight of capital modelling activities. This senior role will work closely with executive management, the Board, regulators, and Group functions. Key responsibilities include:

• Lead the independent review and challenge of the Internal Model, including annual re-validation, model change assessments, and top-down aggregate validation.
• Produce high-quality validation reports to support Board approval of model appropriateness.
• Independently assess Standard Formula appropriateness.
• Develop and maintain robust model validation frameworks, policies, and documentation in line with Solvency UK / Solvency II requirements.
• Monitor external regulatory and market developments to assess impacts on models.
• Collaborate across the three lines of defence to ensure best practice in governance and oversight.
• Lead and mentor a small team, ensuring technical excellence and an effective validation process.

This is a fantastic opportunity to shape model governance at a senior level while engaging with diverse stakeholders and influencing strategic decisions.

Please apply for more information.