Actuary required to join an expanding international life company, in a permanent capacity on the Isle of Man. You will be responsible for leading the maintenance of the key elements of the Enterprise Risk Management Framework, supporting the Head of Risk & Compliance.
Motivate, manage, and lead other members of the Risk Function in the achievement of their business and individual objectives.
Be responsible for maintaining core elements of the ERM framework, including:
- The setting and reporting of overarching risk appetite limits, aligned to the risk strategy and risk preferences of the business
- Analysis of risk capital exposures, and a wide range of other risk-related information and KRIs, through the development and timely production of a holistic risk dashboard
- Helping to ensure that the business planning process incorporates appropriate consideration of risk appetite limits and capital requirements and is aligned with the ORSA and Risk Strategy.
Be responsible for the overarching ORSA process and report production, liaising with other Group companies where appropriate, including ownership of the Stress & Scenario Testing framework (including Reverse Stress Testing).
In coordination with other Oversight Functions, contribute to oversight of key business decisions (considering the broad range of relevant risks, including financial risks.) For example, this might include oversight of acquisitions, change programmes, product developments, pricing, reinsurance, the budget process and capital management initiatives.
Support the Head of Risk & Compliance in ensuring the success of the wider Risk Function, engaging with the full range of stakeholders (Including the Risk functions), where appropriate, contributing to risk identification, measurement, management (including assurance) and monitoring of risks and providing advice to the business on financial and insurance risk matters.
Skills & Experience:
Qualified Actuary or Risk Management professional with experience in the life insurance industry.
Comprehensive knowledge of integrated risk and capital management as part of a wider enterprise risk management framework and Solvency II requirements.
Experience in applying technical expertise to analyse risk and capital information and convert this into management information that is both timely and helpful.
Experience of embedding and maintaining an ERM framework.
Experience of second line of defence risk oversight activities.
Ability to manage and motivate direct reports with varying levels of experience.
Strong communication skills, demonstrating a clear and articulate standard of written and verbal communication in a complex environment, tailored for all levels of management.
Strong influencing skills, with experience of engaging with senior management in order to get desired outcome.
Good interpersonal/networking skills, with the ability to maintain a variety of relationships with multiple stakeholders.
Proven track record at delivering reporting requirements under tight time pressure.
Hours & Benefits:
Competitive salary and comprehensive benefits.