Actuarial Financial Risk Analyst

Salary: CompetitiveLocation: BuckinghamshireContract: PermanentOverview of the Actuarial Financial Risk Analyst roleSellick Partnership is currently supporting a leading insurance organisation as they look to appoint a talented and motivated Actuarial Financial Risk Analyst to join their Risk function.This is an excellent opportunity for an actuarial or risk professional with experience in financial risk management, investments, credit risk and Asset Liability Management to play a key role in supporting the oversight of a growing life insurance business.Working closely with senior risk leadership, the successful candidate will contribute to the independent oversight and challenge of financial risk activities, ensuring effective risk management frameworks, controls and governance arrangements are maintained across the business.Key responsibilities of the Actuarial Financial Risk Analyst will includeFinancial risk oversightSupporting the oversight and monitoring of financial risks, working closely with first-line teams to assess the effectiveness of risk management frameworks, processes and controlsProviding independent second-line review and challenge of credit risk management and Asset Liability Management activitiesAssessing the design and operational effectiveness of financial risk governance and control frameworksSupporting oversight of internal credit rating methodologies and processes, including thematic and deep-dive reviews where appropriateStrategic and commercial risk reviewContributing to the independent review, challenge and risk assessment of strategic, commercial and business development initiativesReviewing areas including Bulk Purchase Annuity transactions, reinsurance arrangements, corporate acquisitions and strategic projectsEvaluating financial risk implications and providing clear recommendations to stakeholdersRisk reporting and monitoringMonitoring financial risk exposures and key risk indicators against the organisation's Risk Appetite FrameworkSupporting the production of high-quality risk reporting for senior management and governance committeesContributing to the preparation and development of Own Risk and Solvency Assessment reportingInvestments and Matching Adjustment oversightSupporting second-line oversight of Matching Adjustment-related risks and controlsEngaging with first-line teams in relation to regulatory applications and ongoing Matching Adjustment complianceReviewing and challenging key actuarial assumptions, methodologies, financial analyses and reporting outputsModel risk and solvency frameworkParticipating in the independent validation of elements of the Partial Internal Model under the Solvency UK frameworkMonitoring and tracking the remediation of validation findingsSupporting wider second-line oversight activities relating to model governance and risk managementEnterprise risk managementContributing to the maintenance and enhancement of the Enterprise Risk Management Framework and Risk Appetite FrameworkSupporting Risk and Control Self-Assessments, risk incident reporting processes and second-line risk tools and methodologiesAssisting with broader enterprise risk activities and projects as requiredGovernance and complianceSupporting compliance with relevant regulatory requirements, including FCA Conduct Rules, Consumer Duty obligations and PRA standardsAssisting with regulatory notifications and communications where appropriateUndertaking additional responsibilities and ad-hoc projects as requiredRequired experience for the Actuarial Financial Risk Analyst position will includePart-qualified Actuary, or an individual with actuarial training who has chosen not to continue examinationsExperience in a financial risk, actuarial, investment or related role within life insurance, reinsurance, pension fund investment management or a comparable financial services environmentExperience of credit risk and/or Asset Liability Management riskGood understanding of the UK regulatory environment and risk management expectationsKnowledge of investment markets within the life insurance or pensions sector, particularly credit risk, fixed income investments and illiquid assetsPrevious experience working within first-line and/or second-line risk management functionsHow to apply for the Actuarial Financial Risk Analyst positionIf you would like to apply for this Actuarial Financial Risk Analyst opportunity, please submit your CV today. Alternatively, for a confidential discussion, please contact the Actuarial team at Sellick Partnership.Sellick Partnership is proud to be an inclusive and accessible recruitment business and we support applications from candidates of all backgrounds and circumstances. Please note, our advertisements use years' experience, hourly rates, and salary levels purely as a guide and we assess applications based on the experience and skills evidenced on the CV.

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