We have an incredible opportunity to join us here at Phoenix Group as a Senior Internal Model Risk Manager to join our Internal Model Oversight team.
Job Type: PermanentLocation: This role could be based in our London, Edinburgh, or Wythall offices with time spent working in the office and at home.
Flexible working: All of our roles are open to part-time, job-share and other types of flexibility.
We will discuss what is important to you and balancing this with business requirements during the recruitment process.
Closing Date: 17/01/2025Salary and benefits: £110,000+ plus 16% bonus up to 32%, private medical cover, 38 days annual leave, excellent pension, 12x salary life assurance, career breaks, income protection, 3x volunteering days and much more Who are we?
We want to be the best place that any of our 6,600 colleagues have ever worked.
We're the UK's largest long-term savings and retirement business.
We offer a range of products across our market-leading brands, Standard Life, SunLife, Phoenix Life and ReAssure.
Around 1 in 5 people in the UK has a pension with us.
We're a FTSE 100 organisation that is tackling key issues such as transitioning our portfolio to net zero by 2050, and we're not done yet.
The role We are currently recruiting for a Senior Internal Model Risk Manager to join our Internal Model Oversight team.
The role involves developing and maintaining the Group's Internal Model governance policies and frameworks, and performing independent validations of the Group's Internal Model, with a focus on insurance risk models.
You will work closely with other members of the Financial Risk team, Line 1 regulatory capital teams , and the wider business to enhance the Group's Internal Model.
You will play a leading role in complex, high profile projects involving the development of capital modelling methodology, performing independent validations and reporting on the outcome to senior management and Board committees.What are we looking for?
Qualified actuary with detailed knowledge of Solvency II and related Internal Model requirements.
You are an expert in quantitative capital modelling with experience in insurance risk (persistency and longevity risks) with operational risk an advantage.
Experience in leading the development of Internal Model governance policies and validation frameworks and, ideally, leading planning and coordination validation activity for major model change applications.
You are proactive and pragmatic, and are able to work autonomously and at pace to drive forward change.
Excellent written and oral communication skills with ability to manage and influence stakeholders at senior level including Board members.
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.