Your Role:
Reporting to the Head of Capital Modelling, assist in maintaining and developing the Capital Models for all syndicates/entities. The role will involve interaction with various teams within the business to ensure changes in risk profile are reflected in the model. There will also be opportunities to do investigative work and get exposure to senior members of the business early-on.
What you’ll do:
- Lead on aspects of Capital Modelling, including:
- The development, parameterisation, documentation and running of the internal capital model(s)
- Capital regulatory reporting to appropriate authorities globally.
- Representing the capital model function internally and supporting the governance process in respect of capital modelling
- Working with senior leadership to support capital planning and capital management activities.
- Embedding capital modelling within the business to aid improved decision making through, for example, input into the business planning process, portfolio optimisation, business growth strategy, and reinsurance purchases.
- Lead on workstreams such as submission of the Standard Formula, Lloyd's Capital Return (LCR) or Lloyd's Standard Model (LSM) and associated forms/documentation for some/all managed syndicates.
- Engage and collaborate with both internal and external stakeholders, for example underwriting divisions, finance and risk management; communicate results of capital work to these stakeholders as required.
- Support the HoCM in overseeing and coordinating the delivery of any IMAP submissions for new syndicates, including engagement with Lloyd's.
- Contribute to Internal Model related policies and documentation.
- Assist in validation of Internal Models
- Respond to and incorporate (as necessary) validation findings and regulatory feedback in a timely manner.
- Contribute to the evaluation and establishment of new business ventures (for example, Strategic Partner Syndicates).
- Ensure adherence to all applicable regulatory and professional standards.
- Involvement in the solvency capital assessment for Apollo in line with Lloyd’s guidelines and other Solvency 2 / Solvency UK deliverables
- Assist in the parameterisation of new classes when applicable for each of the models
- Manage direct report and enable their development through training and mentoring
What we are looking for:
- Capital modelling experience: technically minded, understanding of capital modelling methods, always looking for opportunities to improve and refine the model. Experience of working with capital modelling software, preferably Tyche (or similar).
- Problem solving and creative skills: Ability to proactively evaluate, research/explore with inquisitiveness and use creativity to overcome challenges.
- Presentation and interpersonal skills: Ability to develop relationships and present own perspective with clarity.
- Excellent written and oral communication: Ensuring you tailor your message to your audience.
- Sustainable work ethic: Self-motivated, able to deliver high quality outputs, with recognition of priorities and own/others wellbeing.
- Fully qualified FIA or equivalent: Completed preferably or working towards
- Experience in the Lloyd's Market: Familiarity with Lloyd's market structure, operation and lines of business.
- Continuous Learning: Stay updated on industry trends, regulations, and best practices to enhance your Capital Modelling and leadership knowledge and skills.
- Training and Mentoring: Provide guidance and mentorship to junior team members.
