Senior Validation Actuary (XLB)

AXA; City of Westminster; On-site; GBP 65,000 - 85,000; Full time

Job summary

A global insurer in the City of Westminster seeks an individual for a validation role focused on capital models. Responsibilities include conducting validation exercises, documenting findings, and communicating with stakeholders. The ideal candidate should possess strong analytical skills and a solid academic background, with a track record in capital modelling. The company offers competitive benefits and supports flexible working arrangements.

Benefits

Competitive rewards

Flexible working arrangements

Qualifications

• Demonstrable track record in capital modelling or simulation-based modelling role.
• Experience in validation analysis in the context of an Internal Model.
• Good written and verbal communication skills.

Responsibilities

• Perform independent validation exercises on the Internal Model.
• Document validation analysis, findings and recommendations.
• Present outcomes at relevant committees.

Skills

Capital modelling

Validation analysis

Analytical skills

Communication skills

Education

Strong academic record

Tools

ReMetrica

Job description

Overview

The key purpose of the role is to support the Head of Actuarial Risk and the Chief Risk Officer - Bermuda, by performing deep dive validation for the XL Bermuda (XLB) Internal Capital Model.

What you'll be doing

• Perform deep dive, independent validation exercises on the methodology, parameters and output of the Internal Model for XLB, by risk category.
• Construct validation tests and perform additional validation exercises complementing first line validating testing and the work of external validators.
• Document validation analysis, findings and recommendations for inclusion in the XLB validation report.
• Respond with queries from internal stakeholders and the Bermuda regulator as required.
• Present outcomes of independent validation at relevant committees.
• Where appropriate, support the validation of internal models for other AXA XL legal entities (e.g. the Lloyds syndicates) with validation activities that are complementary to those being done for XLB.
• You will have a dual reporting line to the Head of Actuarial Risk and the Chief Risk Officer - Bermuda.

What you'll bring

• Demonstrable track record in capital modelling or other simulation-based modelling role.
• Experience in performing validation analysis in the context of an Internal Model.
• Highly numerate and analytical with very good academic record.
• Good written and verbal communication skills.
• A self-starter with proven organisational skills.

Desirable Skills and Abilities

• Curious, inquisitive, innovative and open to new ideas.
• Excellent attention to detail.
• ReMetrica user preferable but not essential.

About AXA XL

AXA XL is the Property & Casualty risk division of AXA, created from the acquisition of XL Catlin in 2018. AXA XL is committed to equal employment opportunity and will consider applicants regardless of gender, sexual orientation, age, ethnicity and origins, marital status, religion, disability, or any other protected characteristic. We strive to attract, develop, advance and retain an inclusive workforce. We also focus on sustainability under our Roots of resilience strategy, addressing climate change and embedding sustainable practices across our operations.

AXA XL is a Global insurer and reinsurer offering solutions across multiple lines of business. We provide competitive rewards and benefits designed to support health, wellbeing and financial security. We are an Equal Opportunity Employer and support flexible working arrangements within the company.