Group Manager - Actuarials (Capital Modelling) GGN - WFO

Job Description

Purpose:

• •Lead actuarial capital modelling and risk analytics delivery within agreed timelines and quality standards
• •Provide technical leadership for Internal Model, Solvency II, Economic Capital and Capital Management activities.
• •Drive model development, validation, governance, automation and continuous improvement initiatives.

Work Experience:

• •Minimum 10 years of experience in Life Insurance Actuarial domain.
• •Minimum 4+ years in a people management role.
• •Significant experience in Solvency II Internal Model, Standard Formula, Economic Capital or Risk Modelling.
• •Experience working directly with UK Life Insurance clients and stakeholders.

Process Responsibilities - Capital Modelling:

• •Extensive experience in Solvency II Internal Model and/or Standard Formula capital calculations.
• •Strong understanding of Market Risk, Credit Risk, Insurance Risk, Operational Risk and Liquidity Risk.
• •Lead SCR calculations, validation and reporting.
• •Perform Economic Capital assessments and capital forecasting.
• •Support ORSA, capital management and risk appetite monitoring.
• •Analyse impacts of management actions, asset strategy changes and new business growth on capital position.

Process Responsibilities - Modelling & Analytics:

• •Strong experience with Prophet Professional, Prophet Enterprise and Prophet ALS.
• •Experience in stochastic modelling and economic scenario generation.
• •Internal Model development, calibration and parameterisation.
• •Stress testing, sensitivity analysis and reverse stress testing.
• •Capital attribution, movement analysis and model performance monitoring.
• •Validation, back-testing and assumption review activities.

Process Responsibilities - Governance & Controls:

• •Strong understanding of Solvency II governance requirements.
• •Support Internal Model governance committees and regulatory submissions.
• •Ensure compliance with model risk management frameworks and validation standards.
• •Maintain robust documentation, audit trails and controls.
• •Support regulatory reviews and audit activities.

Process Responsibilities - Automation & Innovation:

• •Strong programming expertise in Python, R and SQL.
• •Experience in automation of actuarial modelling processes.
• •Develop analytical tools and management dashboards.
• •Experience working with Snowflake, Azure or other cloud-based data platforms.
• •Drive efficiency and process enhancement initiatives.

Project Leadership:

• •Lead strategic capital modelling transformation initiatives.
• •Manage project plans, stakeholder communications and delivery governance.
• •Coordinate with Actuarial, Finance, Investment and Risk teams.
• •Identify opportunities for process improvement and model optimization.
• •Ability to think creatively and solve complex business problems.