Financial Risk Actuary
Phoenix Group Holdings
England, United Kingdom
12h ago

Location : Edinburgh or Wythall Salary : Up to £70k DOE plus bonus potential of 16-32%, 38 days holiday, 10% non-contributory pension, private healthcare and 12 x salary life assurance Job Type : Permanent Job Contact : 0131 245 1000 Closing Date : 18th May 2022 Did you know the Phoenix Group is consistently listed as one of the UK’s top employers?

Our people uphold our values of responsibility, courage, difference, growth and passion and are at the very heart of the success of our business.

Together, we’ll shape a better future We’re currently looking for a Financial Risk Actuary to join our ALM and Unit-Linked oversight team to provide a professional service applying actuarial, technical & business knowledge to support the delivery of informed & effective decision making in order to deliver the company strategy.

The successful candidate will join the newly formed asset management risk team as it builds its oversight model and capabilities.

This role will sit in the ALM and Unit-Linked oversight team and will include responsibilities for policyholder asset oversight and monitoring market risk against appetites. Key Responsibilities

  • Promote effective challenge and informed decision-making on proposals from asset management and the open business.
  • In line with agreed objectives, support oversight of Unit Linked and Market risks.
  • Contribute to assurance reports in line with agreed objectives to support the Group in continuing to operate within its agreed appetites.
  • Support delivery of an effective risk management framework for the Group and LifeCos ensuring forward-looking risks are clearly articulated and well understood.
  • Unit Linked Oversight

  • Support and challenge the Group’s risk and control assessments for the Unit-Linked Policy.
  • Engage with the wider risk team to ensure policyholder outcomes are protected in the Group’s management of Unit-Linked business.
  • Consider the impact of ESG and Sustainability considerations for policyholder funds.
  • Support the Group’s ambitions to become a market-leading offering in the Workplace schemes market.
  • Oversight of ALM and investment risk

  • Provide oversight of management of policyholder assets including areas such as manager oversight and investment strategy.
  • Conduct second line reviews of ALM proposals, including hedging strategies, rebalancing and review of market risk appetite and targets.
  • Provide oversight of derivative and collateral management processes
  • Support the ongoing compliance with matching adjustment requirements
  • Review Group's risk and control assessments for the market risk policy
  • Other

    Provide support across the Asset Management Risk team to ensure effective and efficient management of financial risks. Deputise at meetings as requested and provide oversight, coaching, mentoring and support to more junior members of the team, as requested.

    What We’re Looking For

  • A qualified actuary with experience in the finance, actuarial or investment functions of an insurance company
  • Knowledge of the regulatory requirements governing insurance companies in particular those relating to investments
  • Understanding of asset liability management and investing for good customer outcomes
  • A good understanding of Solvency II and COBS 21
  • What We Offer Bring your whole self’, skills and dedication to the Phoenix Group and we’ll recognise your effort, support your development and help to drive your ambition.

    We’ll ensure you’re rewarded for your contribution with a competitive package that includes an attractive pension, annual bonus potential, private medical insurance, generous holiday entitlement, enhanced maternity and adoption leave and a range of other financial services and lifestyle flexible benefits.

    Join us and you join a unique organisation. It’s not just the 14 million policyholders we serve, or the £300 billion of assets we look after.

    Or that we’re a FTSE 100 company that has been listed as one of the UK's Top Employers for nine years running. It’s our talented, inclusive and diverse workforce that makes us a success.

    We offer flexible working opportunities ensuring we attract and retain the very best of talent. Find out about more about our people’s stories, our values and our commitment to diversity. Key Competencies

  • Analytical Skills
  • Use of a variety of diagnostic techniques to understand a situation / issue / problem by breaking it down and tracing the root cause / underlying implications in a methodical step-by-step way.

  • Being Real
  • Is about knowing who you are and what you stand for and acting in a way that is consistent with your beliefs and values.

  • Commerciality
  • The ability to be commercially focused at all times.

  • Communication Skills
  • Clearly and effectively communicates information, ideas, plans, requests and opinions to internal and external stakeholders through a range of channels including written and oral.

    Ensures alignment with communication guidelines and policies.

  • Impact & Influence
  • Influencing others to achieve a positive impact. This includes communicating clearly, building support for ideas and having an impact on other people.

  • Market and Industry Knowledge
  • Knowledge of the markets, competitors, products, services, trends, impacting forces and factors, etc. that make up the industries which Standard Life operates in.

    Online Interviews and Onboarding All our interviews, onboarding and new joiners are now managed remotely. We have in place a strong virtual support network to ensure new colleagues are supported and developed as they navigate their first few months with us About Us Phoenix Group is a member of the FTSE 100 index and is the UK’s largest long-term savings and retirement business.

    We specialise in the acquisition and management of Heritage life insurance and pension funds. We’ve businesses in the UK, Germany and Ireland and hold a broad range of both Heritage and Open products split across three key business segments : UK Heritage, UK Open and Europe.

    Our open business manufactures and underwrites new products and policies to support people saving for their future in areas such as workplace pensions and SIPPs, primary under the Standard Life brand.

    And we market corporate pension trustee services and manufacture products to be sold under other brands. Did you know Phoenix Life manufactures SunLife’s market leading Guaranteed Over 50’s plan?

    Find out more about Phoenix Group here. We value diversity in our workforce and welcome enquiries from everyone.

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