Senior Validation Actuary (XLB)

AXA Group; London; On-site; GBP 60,000 - 85,000; Full time

Job summary

A global insurance provider is seeking a Senior Validation Actuary in London to support the Head of Actuarial Risk and Chief Risk Officer by performing validation exercises on the internal capital model. Candidates should have a strong background in capital modelling and validation analysis, alongside excellent analytical and communication skills. The role involves complex data analysis and collaboration with various stakeholders, offering a competitive compensation package.

Benefits

Flexible working arrangements

Enhanced family-friendly leave benefits

Support for diversity and inclusion initiatives

Qualifications

• 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.

Responsibilities

• Perform deep dive validation exercises on the Internal Model for XLB.
• Construct validation tests and perform additional validation exercises.
• Document validation analysis, findings and recommendations.
• Respond to queries from internal stakeholders and Bermuda regulator.
• Present outcomes at relevant committees.

Skills

Track record in capital modelling

Validation analysis experience

Numerate and analytical

Good communication skills

Self-starter

Tools

ReMetrica

Job description

Overview

Senior Validation Actuary

London, UK

AXA XL is an Equal Opportunity Employer.

AXA XL is the Property & Casualty risk division of AXA, created from the acquisition of XL Catlin in 2018. We partner with mid-sized to multinational clients to take their business further, with more than 30 lines of business to offer solutions for existing and emerging risks. With 9,000+ colleagues based in approximately 30 countries we are able to serve clients in more than 200 countries.

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 you0ll be doing

What will your essential responsibilities include?

• 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, to 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 Head of Actuarial Risk and Chief Risk Officer - Bermuda.

What you0ll bring

We0re looking for someone who has these abilities and skills:

Required Skills and Abilities:

• 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

Desired Skills and Abilities:

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

What we offer

Inclusion

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. At AXA XL, we know that an inclusive culture and enables business growth and is critical to our success. That0s why we have made a strategic commitment to attract, develop, advance and retain the most inclusive workforce possible, and create a culture where everyone can bring their full selves to work and reach their highest potential. It0s about helping one another - and our business - to move forward and succeed.

• Five Business Resource Groups focused on gender, LGBTQ+, ethnicity and origins, disability and inclusion with 20 Chapters around the globe.
• Robust support for Flexible Working Arrangements
• Enhanced family-friendly leave benefits
• Named to the Diversity Best Practices Index
• Signatory to the UK Women in Finance Charter

Learn more at . AXA XL is an Equal Opportunity Employer.

Total Rewards

AXA XL0s Reward program is designed to take care of what matters most to you, covering the full picture of your health, wellbeing, lifestyle and financial security. It provides competitive compensation and personalized, inclusive benefits that evolve as you do.

We0re committed to rewarding your contribution for the long term, so you can be your best self today and look forward to the future with confidence.

Sustainability

At AXA XL, Sustainability is integral to our business strategy. In an ever-changing world, AXA XL protects what matters most for our clients and communities. We know that sustainability is at the root of a more resilient future. Our 2023-26 Sustainability strategy, called "Roots of resilience", focuses on protecting natural ecosystems, addressing climate change, and embedding sustainable practices across our operations.

Our Pillars:

• Valuing nature: How we impact nature affects how nature impacts us. Resilient ecosystems - the foundation of a sustainable planet and society - are essential to our future. We0re committed to protecting and restoring nature - from mangrove forests to the bees in our backyard - by increasing biodiversity awareness and inspiring clients and colleagues to put nature at the heart of their plans.
• Addressing climate change: The effects of a changing climate are far-reaching and significant. Unpredictable weather, increasing temperatures, and rising sea levels cause both social inequalities and environmental disruption. We0re building a net zero strategy, developing insurance products and services, and mobilizing to advance thought leadership and investment in societal-led solutions.
• Integrating ESG: All companies have a role to play in building a more resilient future. Incorporating ESG considerations into our internal processes and practices builds resilience from the roots of our business. We0re training our colleagues, engaging our external partners, and evolving our sustainability governance and reporting.
• AXA Hearts in Action: We have established volunteering and charitable giving programs to help colleagues support causes that matter most to them, known as AXA XL0s "Hearts in Action" programs. These include our Matching Gifts program, Volunteering Leave, and our annual volunteering day - the Global Day of Giving.

For more information, please see

Who we are

AXA XL, the P&C and specialty risk division of AXA, is known for solving complex risks. For mid-sized companies, multinationals and even some inspirational individuals we don0t just provide re/insurance, we reinvent it.

How? By combining a comprehensive and efficient capital platform, data-driven insights, leading technology, and the best talent in an agile and inclusive workspace, empowered to deliver top client service across all our lines of business property, casualty, professional, financial lines and specialty.

With an innovative and flexible approach to risk solutions, we partner with those who move the world forward.

Learn more at