Credit Modelling Actuary
Phoenix Group, Hollywood, Worcestershire
- Part time
- Permanent
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Phoenix Group, Hollywood, Worcestershire
- Onsite working
- Part time
- Permanent
Full Job Description
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 roleWe have an incredible opportunity to join our Credit risk capital modelling team as a Credit Modelling Actuary.This is an excellent opportunity for a qualified actuary to develop their career and gain specialist knowledge in credit risk modelling and insurance investing. You will be working with a team of highly experienced actuaries to develop the Solvency II Internal Model approach to Credit risk. You will be responsible for developing industry leading modelling capability, collaborating with asset management team to support the onboarding of new assets and embedding credit risk model into wider business.Key responsibilities:
- Lead methodology development for Major Model Changes to optimise Phoenix's credit risk internal model.
- Support operationalisation of Major Model Change into BAU and establish BAU modelling processes;
- Collaborating with Credit Rating Research Team to develop rating and stressing methodology for illiquid assets;
- Lead the development of reinsurance counterparty credit risk methodologies.
- Provide coaching and support for analysts in the team.
- To support appropriate working practises, to support an effective multi-site team.
- To maintain regulatory, technical, business and professional knowledge including Solvency II regulations and professional actuarial standards, in an environment of fast moving regulatory change., 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
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A qualified Actuary with post-qualification experience in the industry - Knowledge of credit risk capital model and experience with capital modelling and rating methodology for illiquid assets.
- Detailed knowledge of SII requirements and Internal Model methodologies
- A good understanding of insurance and investment risk, capital management and capital modelling
- Up to date knowledge of latest industry techniques and practices for internal models
- Excellent communication skills with great stakeholder management experience
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