Head of Model Validation

MERJE are working with a large 'household name insurance business who have an exceptional reputation in the market, assisting in the search for a 'Head of Model Validation'. This is an exceptional opportunity for candidates to work at a group level and enjoy exposure across the business and it's international territories.

The successful candidate will own the second line validation process, working as part of a team to identify, measure and challenge financial risks across the group.

Tasks will include:

• Development of model validation scope and plan, working with third parties to deliver results.
• Collaborate with the Head of Financial and Actuarial Risk, Chief Risk Officer, Chief Actuary and Head of Capital on wider review of methodology and assumptions in respect of internal models
• Work with Senior Business Leaders to identify, measure, monitor, manage and report financial risks across the group, implementing controls and monitoring processes.
• Present findings and suggestions at appropriate risk committees.
• Support the delivery of model validation scope and model changes and plan against a range of trigger or changes across the group.
• Work closely with the first line to help identify and manage model risks, coaching and sharing knowledge.
• Monitor and report on all material validation findings across the Group to the relevant committees and boards.

Requirements:

• Experienced qualified actuary
• Detailed knowledge of general insurance regulation and operations.
• Experience of writing board/committee papers and strategy documents
• Ability to work independently and proactively as well as supporting a team
• Strong oversight, influencing and persuasion skills
• An ability to react quickly and decisively to problems once identified