Senior Risk Actuary

Overview

In this role you will provide independent risk oversight within Quantitative ERM, supporting the Group-wide insurance risk agenda and governance. You will work with stakeholders globally to challenge assumptions, assess risk implications for earnings and capital, and contribute to regulatory submissions and capital assessments.

You will design and evaluate stress tests, scenarios, and reserving analyses, translating complex quantitative work into actionable insights for Board and executive leadership. This position offers the opportunity to shape the insurance risk agenda and partner across the organization to manage risk in a dynamic environment.

Responsibilities

• Support the development and delivery of the Insurance Risk Assurance Plan across all risk-taking entities
• Provide independent challenge of business plan loss ratio assumptions and assess the reasonableness and consistency of key inputs (rate change, inflation, development patterns, catastrophe load, portfolio mix, growth, reinsurance strategy) and their impact on earnings, capital and risk profile
• Support insurance risk stress and scenario testing, including scenario design, quantitative impact assessment, challenge of results and reporting to management and Board forums
• Support second-line oversight and challenge of reserve analyses, methodologies, assumptions and judgements, forming an independent view on reserving adequacy and uncertainty
• Support targeted insurance risk deep dives and thematic reviews (e.g. class performance, inflation, market cycle dynamics)
• Deliver ad hoc quantitative analysis to support executive decision‑making on emerging risks and strategic initiatives
• Support with Group and legal entity CRO executive and Board forum reporting
• Provide independent review and challenge of insurance risk components of regulatory submissions and capital assessments, including ORSAs, PRA exercises, Solvency II Technical Provisions, SCR calculations and Standard Formula appropriateness assessments
• Maintain up-to-date technical expertise and awareness of regulations and professional guidance
• Build and maintain strong relationships across the wider business and the broader Risk team

Key requirements

• stakeholder management
• strong communication
• analytical thinking
• risk modelling and quantitative analysis
• insurance risk assessment
• stress and scenario testing

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