The Role
In this role, you will support the Senior Actuary and Head of Credit Modelling in developing the Solvency II Internal Model approach for credit risk. You will work with teams across the business, including Asset Management, Risk and Finance, to identify, develop and implement methodology changes that enhance the capital efficiency of Standard Life’s Internal Model.
Ensure Standard Life’s credit risk internal model remains compliant with the internal actuarial framework and Solvency regulatory requirements.
Manage and oversee the annual credit model calibration and validation process, developing calibration proposals, securing governance approval and maintaining documentation to Solvency II standards.
Promote and embed the use of the credit risk capital model across the business, supporting effective decision-making and risk management
Collaborate with teams across the organisation to develop and implement capital methodologies for new asset classes and investment strategies, including significant model change initiatives.
Develop and enhance the calibration and application of credit capital intensity factors for investment and pricing activities, while educating stakeholders and governance committees on key credit risk developments.
Identify and deliver continuous improvement by identifying opportunities to enhance capital efficiency, responding to emerging regulatory requirements, and owning the roadmap for minor model changes and future methodology developments.
What are we looking for
Qualified actuary with knowledge of credit risk capital models, experience with capital modelling and rating methodology for illiquid assets
Strong knowledge of SII requirements and Internal Model methodologies
Knowledge of insurance and investment risk, capital management and their application within a life insurance environment.
Strong stakeholder management skills, with the ability to communicate complex concepts to a range of audiences.
Ability to work collaboratively across teams to develop practical, commercially focused solutions.
A proactive approach to problem solving, continuous improvement and delivering business outcomes.
Desirable
Python, VBA experience
We want to hire the whole version of you.
We are committed to ensuring that everyone feels accepted and welcome applicants from all backgrounds. If your experience looks different from what we’ve advertised and you believe that you can bring value to the role, we’d love to hear from you.
If you require any adjustments to the recruitment process, please let us know so we can help you to be at your best.
We’re reviewing applications as they come in, so apply early to avoid missing out.
Find out more about working at Standard Life
Guide for Candidates: standardlifeplc.pagetiger.com/guideforcandidates
Find or get answers from our colleagues: www.standardlifeplc.com/careers/talk-to-us
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