Model Validation Actuary

The Opportunity

Our client is seeking an experienced Model Validation Actuary to join their Model Risk function in a senior technical role. This is an excellent opportunity to shape the future of model validation within a well-established general insurer, providing independent oversight of critical business models while influencing strategic decision-making and regulatory compliance.

Working closely with senior stakeholders across the business, you will lead the development and delivery of model validation activities, helping to ensure models remain robust, fit for purpose, and aligned with evolving regulatory expectations and industry best practice.

Key Responsibilities

• Develop and enhance our client's model validation strategy for regulatory capital models and other critical business models, ensuring it remains aligned with regulatory requirements, industry best practice, and business objectives.
• Lead the design, implementation, and continuous improvement of model validation methodologies, frameworks, and technical processes.
• Deliver independent model validation activities to support regulatory compliance and provide high-quality insight to senior management and governance committees.
• Support the ongoing development of model risk governance, including policies, standards, and frameworks relating to model management and end-user computing.
• Act as a senior subject matter expert on model validation and model risk, deputising for the Head of Model Risk where appropriate.
• Build strong working relationships across Risk, Actuarial, Finance, Data, and Technology functions, influencing stakeholders at all levels.
• Monitor emerging regulatory developments and industry trends in model risk, actuarial modelling, data science, machine learning, and AI, embedding best practice into validation activities.
• Deliver technical training and knowledge sharing to colleagues, supporting continuous professional development across the organisation.
• Lead or contribute to strategic projects and wider business initiatives as required.

About You

Our client is looking for a qualified actuary with significant experience in general insurance and a strong background in model validation, capital modelling, or model risk management.

Qualifications

• Fellow of the Institute and Faculty of Actuaries (FIA) or Faculty of Actuaries (FFA), or an equivalent recognised actuarial qualification.

Skills & Experience

The successful candidate will be able to demonstrate:

• A strong understanding of regulatory requirements relating to Internal Models and model governance within the insurance sector.
• In-depth knowledge of capital modelling, reserving methodologies, and actuarial techniques used within general insurance.
• Experience applying model validation techniques, including stress and scenario testing, analysis of change, back-testing, and profit and loss attribution.
• A detailed understanding of the material risks faced by general insurers, including the assessment of extreme (1-in-200 year) risk events.
• Knowledge of current developments in model risk management, model validation, actuarial modelling, data science, machine learning, and artificial intelligence.
• Strong analytical and problem-solving skills, with the ability to exercise sound professional judgement.
• A proven track record of successfully leading and delivering complex actuarial or model risk projects.
• Excellent communication and stakeholder management skills, with experience presenting complex technical information to senior leadership, governance committees, and boards.
• The ability to build effective working relationships across a broad range of business functions and influence stakeholders at all levels.
• Strategic thinking combined with the ability to translate strategy into practical, commercially focused solutions.
• Confidence in making balanced, pragmatic decisions within complex and fast-paced environments.

This is an excellent opportunity for an experienced actuarial professional looking to take on a highly visible role with significant influence over model governance and regulatory compliance within a leading general insurance business. If interested please apply within or contact the Actuarial team at Sellick Partnership.

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