Actuarial Financial Risk Analyst

Salary: Competitive
Location: Buckinghamshire
Contract: Permanent

Overview of the Actuarial Financial Risk Analyst role

Sellick Partnership is currently supporting a leading insurance organisation as they look to appoint a talented and motivated Actuarial Financial Risk Analyst to join their Risk function.

This is an excellent opportunity for an actuarial or risk professional with experience in financial risk management, investments, credit risk and Asset Liability Management to play a key role in supporting the oversight of a growing life insurance business.

Working closely with senior risk leadership, the successful candidate will contribute to the independent oversight and challenge of financial risk activities, ensuring effective risk management frameworks, controls and governance arrangements are maintained across the business.

Key responsibilities of the Actuarial Financial Risk Analyst will include

Financial risk oversight

• Supporting the oversight and monitoring of financial risks, working closely with first-line teams to assess the effectiveness of risk management frameworks, processes and controls
• Providing independent second-line review and challenge of credit risk management and Asset Liability Management activities
• Assessing the design and operational effectiveness of financial risk governance and control frameworks
• Supporting oversight of internal credit rating methodologies and processes, including thematic and deep-dive reviews where appropriate

Strategic and commercial risk review

• Contributing to the independent review, challenge and risk assessment of strategic, commercial and business development initiatives
• Reviewing areas including Bulk Purchase Annuity transactions, reinsurance arrangements, corporate acquisitions and strategic projects
• Evaluating financial risk implications and providing clear recommendations to stakeholders

Risk reporting and monitoring

• Monitoring financial risk exposures and key risk indicators against the organisation's Risk Appetite Framework
• Supporting the production of high-quality risk reporting for senior management and governance committees
• Contributing to the preparation and development of Own Risk and Solvency Assessment reporting

Investments and Matching Adjustment oversight

• Supporting second-line oversight of Matching Adjustment-related risks and controls
• Engaging with first-line teams in relation to regulatory applications and ongoing Matching Adjustment compliance
• Reviewing and challenging key actuarial assumptions, methodologies, financial analyses and reporting outputs

Model risk and solvency framework

• Participating in the independent validation of elements of the Partial Internal Model under the Solvency UK framework
• Monitoring and tracking the remediation of validation findings
• Supporting wider second-line oversight activities relating to model governance and risk management

Enterprise risk management

• Contributing to the maintenance and enhancement of the Enterprise Risk Management Framework and Risk Appetite Framework
• Supporting Risk and Control Self-Assessments, risk incident reporting processes and second-line risk tools and methodologies
• Assisting with broader enterprise risk activities and projects as required

Governance and compliance

• Supporting compliance with relevant regulatory requirements, including FCA Conduct Rules, Consumer Duty obligations and PRA standards
• Assisting with regulatory notifications and communications where appropriate
• Undertaking additional responsibilities and ad-hoc projects as required

Required experience for the Actuarial Financial Risk Analyst position will include

• Part-qualified Actuary, or an individual with actuarial training who has chosen not to continue examinations
• Experience in a financial risk, actuarial, investment or related role within life insurance, reinsurance, pension fund investment management or a comparable financial services environment
• Experience of credit risk and/or Asset Liability Management risk
• Good understanding of the UK regulatory environment and risk management expectations
• Knowledge of investment markets within the life insurance or pensions sector, particularly credit risk, fixed income investments and illiquid assets
• Previous experience working within first-line and/or second-line risk management functions

How to apply for the Actuarial Financial Risk Analyst position

If you would like to apply for this Actuarial Financial Risk Analyst opportunity, please submit your CV today. Alternatively, for a confidential discussion, please contact the Actuarial team at Sellick Partnership.

Sellick Partnership is proud to be an inclusive and accessible recruitment business and we support applications from candidates of all backgrounds and circumstances. Please note, our advertisements use years' experience, hourly rates, and salary levels purely as a guide and we assess applications based on the experience and skills evidenced on the CV. For information on how your personal details may be used by Sellick Partnership, please review our data processing notice on our website.