Job Type: Permanent

Location: This role could be based in Edinburgh, Wythall, London or Telford office on a hybrid basis 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. You can read more about Phoenix Flex here.

Closing Date: 30 September 2024. All applicants will be reviewed and contacted after this date.

Salary and benefits: £74,900 to £100,000 plus 30% bonus up to 60%, 38 days annual leave, private medical cover, excellent pension, 12x salary life assurance, income protection, 3x volunteering days and much more .

Recruiter: Amanda Foskett

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.

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 to support the Phoenix Group’s ambitious change programme. The role involves performing independent validations of the Group’s Internal Model and coordinating the end-to-end Line 2 oversight of major model changes.

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?

We are looking for a qualified Actuary with experience in developing or validating Internal Models .

You will have strong knowledge of Solvency II Internal Model and governance requirements, including aggregation, proxy models and their practical application. Given the pace of change in our business, experience of working in actuarial change delivery and model change applications is desirable.

You are pragmatic and proactive, with the ability to build strong relationships and drive action and collaboration across boundaries. You are able to communicate effectively with a variety of colleagues and senior stakeholders across the business.

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.

Find out more about #LifeAtPhoenix

Guide for Candidates: thephoenixgroup.pagetiger.com/guideforcandidates
Find or get answers from our colleagues: www.thephoenixgroup.com/careers/talk-to-us

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Risk Modelling jobs

Senior Internal Model Risk Actuary