Job Type: Fixed Term Contract - until end March 2025
Location:. We are flexible on location between London / Edinburgh / Wythall This is a hybrid role with time expected to be in the office and working from 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. You can read more about Phoenix Flex here..
Closing Date: 30 September 2024 (23:59) All applicants will be reviewed and contacted after this date.
Salary and benefits: up to £67,500 per annum, 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
Recruiter: Amanda Foskett
We have an incredible secondment opportunity to join us here at Phoenix Group as a Financial Risk Actuary to join our Balance Sheet Oversight team within Group Risk.
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
As a Financial Risk Actuary you can expect to apply actuarial, technical and business knowledge to support the delivery of informed and effective decision making in order to deliver the company strategy.
You will assist in the Line 2 oversight of the Group’s prudential compliance with the PRA Rulebook and Supervisory Statements as well as oversight of the Group's Balance Sheets.
In particular:
- Lead the line 2 oversight of the Group's prudential compliance with the PRA Rulebook and Supervisory Statements. This includes:
- Producing quarterly reports on behalf of senior stakeholders to provide status of compliance against the PRA Rulebook and Supervisory Statements.
- Coordinate the Supervisory Statement attestation of compliance for all statements applicable to Phoenix.
- Conduct deep dives into the attestation of compliance provided for select Supervisory Statements.
- Support the annual review of the Group's Recovery and Resolution Plans.
- Provide Line 2 oversight on the newly introduced Matching Adjustment Attestation.
- Support the wider Balance Sheet Oversight team on topics related to capital, liquidity, climate risk and With-Profits, if required.
- Build and maintain strong relationships with senior stakeholders across the Actuarial and Finance teams to support better risk management
- Communicate effectively with a technical actuarial audience and simplify communications of technical issues to a non-technical audience.
What are we looking for?
You should be a qualified actuary with experience in the Risk, Finance or Actuarial functions of an insurance company, or similar
- Education - Undergraduate Degree (or equivalent)
- Knowledge of the Solvency II regulatory requirements and the ability to interpret emerging regulation as it develops.
- Strong oral and written communication skills with the ability to flex for different audiences.
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.
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