Chaucer Group on cord

Chaucer Group

London Senior Quantitative Risk Actuary

External position
London, UK
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Insurance
The Team of Leaders
Posted
a month ago
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19 hours ago

Skills & Experience

Job roles: Risk and Compliance
Experience level: Senior
Core skills considered: Data Analysis, Stakeholder Management
Other skills considered: Quantitative Analysis

Logistics

Base salary: Undisclosed
Some companies on cord are unable to disclose salaries publicly due to internal company policies. Message the company for salary information.
Employment type: Permanent
Remote working: Hybrid
Visa sponsorship: Not available

Job Description

The Senior Quantitative Risk Actuary is a key member of the 2nd line risk management function, responsible for delivering quantitative oversight across the validation, reserving, financial market and credit risk, and broader capital and risk assessment processes. The role is central to maintaining strong regulatory compliance, supporting the ORSA, and ensuring robust model governance aligned to Solvency II and Lloyd's standards. The position requires a qualified actuary with experience in model validation and reserve risk assessment, and the ability to provide effective independent challenge across Capital Modelling, Reserving, Finance, and Risk stakeholders.


Main Duties

The role encompasses a broad range of risk management activities and as Senior Quantitative Risk Actuary your duties will include:


Internal Model Validation & Reporting

  • Lead the end to end Internal Model validation process for S1084 and S1176, ensuring methodology, assumptions, governance and documentation meet Solvency II and Lloyd's requirements.
  • Support the Independent Actuarial Qualified Person in providing independent assurance over adequacy and effectiveness of the internal model validation framework and process
  • Produce the annual Validation Reports, articulating findings, limitations, and model improvements, and presenting these to risk and model governance Committees.

Reserving Risk Oversight

  • Provide 2nd Line oversight of reserving processes, including review of assumptions, methodologies, uncertainty analyses, and reserve risk capital outputs.
  • Perform independent reviews on key drivers such as inflation, claims emergence patterns, social/economic trends, and operational influences.
  • Challenge the Reserving Committee outputs, reserve movements, and the modelling of reserve distributions.

Financial Market & Credit Risk Oversight

  • Conduct independent assessment of market risk exposures, investment strategies, sensitivity analyses, and the appropriateness of methodologies used by 1st Line functions.
  • Oversight of credit risk reviews covering reinsurance counterparties, broker credit, investment credit exposures, concentrations, and stress impacts.
  • Provide quantitative challenge to capital charges, risk appetite metrics, and control effectiveness across market and credit risks.

Stress & Scenario Testing / ORSA Support

  • Develop, review, and challenge quantitative stress and scenario tests for the ORSA and independent validation, including macroeconomic, geopolitical, reserve related and market related stresses.
  • Collaborate with Risk, Underwriting, Capital Modelling and Finance to ensure scenarios are severe but plausible, aligned to Lloyd's expectations, and cover emerging risks.
  • Produce ORSA inputs and analytical commentary to support forward looking capital and solvency assessments.

Model Risk Management

  • Develop the 2nd Line model risk framework.
  • Review and challenge 1st line testing of models

Ad hoc Quantitative Risk Assessments

  • Support business plan and strategy assessments through quantitative analysis such as scenario testing. Considering emerging risks and risk profile changes.
  • Support investigations into risk events, near misses, or unexpected model behaviours with quantitative analysis and challenge.

Stakeholder Engagement & Governance

  • Present quantitative findings to Risk & Capital Committees, Reserving Committee and other governance forums.
  • Build relationships across Capital Modelling, Reserving, Finance, Underwriting, and senior management to provide clear, credible and evidence based challenge.
  • Support broader Risk Management initiatives including framework enhancements, policy updates, and regulatory requests.

Regulatory responsibilities

  • Support in the production of Regulatory Reports (Validation, ORSA and adhoc requirements)

Our requirements


Relevant experience


Essential

  • Fully qualified actuary (e.g., FIA or equivalent) with post qualification experience.
  • Internal Model Validation experience within a Lloyd's or Solvency II regulated insurer.
  • Strong technical understanding of reserve risk, including methodologies, assumptions, inflation analysis, and uncertainty.
  • Hands on experience reviewing and challenging capital model components (parameterisation, dependency structures, model change, model outputs).
  • Good understanding of insurance to enable effective engagement at all levels within the business
  • Good working knowledge of financial market risk and credit risk methodologies, including capital charges and stress/sensitivity analysis.
  • Involvement in ORSA processes, including stress and scenario testing.
  • Advanced analytical and critical thinking skills
  • Ability to communicate complex quantitative outputs clearly to senior stakeholders and governance committees.

Desirable

  • Experience working in a 2nd Line oversight role within the Lloyd's market.
  • Good understanding of Enterprise Risk Management methodologies
  • Exposure to model governance frameworks, model risk taxonomies, and documentation standards.
  • Exposure to internal models through build, maintenance and /or validation
  • Understanding of investment strategy, ALM considerations, or credit portfolio analytics.
  • Experience designing or improving SST frameworks, emerging risk quantification, or strategic/business plan scenario analysis.
  • Prior involvement in regulatory interactions (Lloyd's, PRA, CBI).
  • Familiarity with underwriting risk modelling concepts and capital attribution.
  • Experience presenting findings at committees such as RCC, Reserving Committee or Board level forums

Personal Skills

  • Experience in preparing and presenting high quality reports for internal and external stakeholders demonstrating a strong attention to detail.
  • Exceptional interpersonal skills. This is a people facing role requiring a professional that can tailor communication style to different stakeholder needs and personalities.
  • Ability to manage and prioritise competing demands. Ability to work efficiently in a diverse and dynamic environment.
  • Excellent planning and organisational skills.
  • Strong quantitative and analytical skills.
  • Able to think critically to solve problems and justify decisions
  • Capable of demonstrating judgement and decision making
  • The ability to challenge and question established practices and contribute to the development of new processes.
  • Self-motivated with a professional outlook
London Senior Quantitative Risk Actuary at Chaucer Group
Position posted a month ago

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Starling Bank on cord

Starling Bank

Full Stack Engineer (ML Ops)

London, UK
FinTech · Banking · Finance
A better bank for everyone
Active
over 6 months ago
Responds to
0% of requests
Responds in
1h 55m
Requests
7 pending

Skills & Experience

Job roles: Full Stack
Experience level: Mid, Senior
Core skills considered: Java, React, Redux, AWS, JavaScript

Logistics

Base salary: £70K - £110K
Employment type: Permanent
Remote working: Hybrid (up to 2 remote days p/w)
Visa sponsorship: Not available

Job Description

Starling is the UK’s first and leading digital bank on a mission to fix banking! Our vision is fast technology, fair service, and honest values. All at the tap of a phone, all the time.

Starling is the UK’s first and leading digital bank on a mission to fix banking! We built a new kind of bank because we knew technology had the power to help people save, spend and manage their money in a new and transformative way.

We’re a fully licensed UK bank with the culture and spirit of a fast-moving, disruptive tech company. We’re a bank, but better: fairer, easier to use and designed to demystify money for everyone. We employ more than 3,000 people across our London, Southampton, Cardiff and Manchester offices.

Our technologists are at the very heart of Starling and enjoy working in a fast-paced environment that is all about building things, creating new stuff, and disruptive technology that keeps us on the cutting edge of fintech. We operate a flat structure to empower you to make decisions regardless of what your primary responsibilities may be, innovation and collaboration will be at the core of everything you do. Help is never far away in our open culture, you will find support in your team and from across the business, we are in this together!

The way to thrive and shine within Starling is to be a self-driven individual and be able to take full ownership of everything around you: From building things, designing, discovering, to sharing knowledge with your colleagues and making sure all processes are efficient and productive to deliver the best possible results for our customers. Our purpose is underpinned by five Starling values: Listen, Keep It Simple, Do The Right Thing, Own It, and Aim For Greatness.

Hybrid Working

We have a Hybrid approach to working here at Starling - our preference is that you're located within a commutable distance of one of our offices so that we're able to interact and collaborate in person. We don't like to mandate how much you visit the office and work from home, that's to be agreed upon between you and your manager.

Our Data Environment

Our Data teams are excited about the value of data within the business, powers our product decisions to improve things for our customers and enhance effective and agile decision making, regardless of what their primary tech stack may be. Hear from the team in our latest blogs or our case studies with Women in Tech.

We are looking for talented data professionals at all levels to join the team. We value people being engaged and caring about customers, caring about the code they write and the contribution they make to Starling. People with a broad ability to apply themselves to a multitude of problems and challenges, who can work across teams do great things here at Starling, to continue changing banking for good.

Requirements

We have built our entire banking platform in house and mostly in Java. We are looking for people who want to work on building the tooling that is used by our engineers on a daily basis.

We are looking for people who are truly full stack, and are as comfortable polishing their javascript front end as they are debugging the innards of their java applications database interactions, or standing up infrastructure with terraform. We are looking for people who can:

  • Design REST apis.
  • Code backend services, ideally using Java, or another other server side compiled language.
  • Develop modern front ends, ideally using React and Redux.
  • Get their code into the cloud and support it there, ideally on AWS.
  • Believe in clean coding, simple solutions, automated testing and continuous deployment.
  • Like to take ownership of a feature from the original idea through to live.
  • Think (like us) that a small number of empowered developers is the right way to deliver software.

Company Benefits

  • 33 days holiday (including flexible bank holidays)
  • An extra day’s holiday for your birthday
  • 16 hours paid volunteering time a year
  • Part-time and/or flexible hours available for most roles
  • Salary sacrifice, company enhanced pension scheme
  • Life insurance at 4x your salary
  • Hybrid/remote working
  • Private Medical Insurance with VitalityHealth including mental health support and cancer care. Partner benefits include discounts with Waitrose, Mr&Mrs Smith and Peloton
  • Generous family-friendly policies
  • Varied social groups set up and run by our employees
  • Perkbox membership giving access to retail discounts, a wellness platform for physical and mental health, and weekly free and boosted perks
  • Access to initiatives like Cycle to Work, Salary Sacrificed Gym partnerships and Electric Vehicle (EV) leasing

Full details are available on our careers site

Interview Process

Interviewing is a two way process and we want you to have the time and opportunity to get to know us, as much as we are getting to know you! Our interviews are conversational and we want to get the best from you, so come with questions and be curious. In general you can expect the below, following a chat with one of our Talent Team:

  • Stage 1 - 30 mins with one of the team
  • Stage 2 - Take home challenge
  • Stage 3 - 90 mins technical interview with two team members
  • Stage 3 - 45 min final with an executive and a member of the people team
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