Senior Validation Actuary

JR United Kingdom; Slough; On-site; GBP 80,000 - 100,000; Full time

Job summary

A leading General Insurer seeks a Senior Validation Actuary to oversee model governance and validation processes. The role involves leading a small team, producing key reports for the Board, and collaborating with various stakeholders. This senior position is vital for ensuring compliance with Solvency II requirements and influencing strategic decisions at the corporate level.

Qualifications

• Experience in independent model validation and governance.
• Strong understanding of Solvency II requirements.
• Excellent communication skills to engage with diverse stakeholders.

Responsibilities

• Lead the independent review of the Internal Model.
• Produce validation reports for Board approval.
• Monitor regulatory developments impacting models.
• Lead and mentor a small team.

Skills

Model validation

Governance

Strategic oversight

Leadership

Job description

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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.