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In our rapidly changing regulatory environment, we’re working hard to strengthen our risk and compliance frameworks. The Risk function provides the second line of defence under the three lines of defence model.
The Insurance Risk team is responsible for developing and implementing our UK business strategy for the management of underwriting risk, reporting to the Chief Risk Officer and the regulator on the risks taken and how well we manage them.
The area covers the qualitative and quantitative risk management framework and methodologies used to estimate insurance risk, including policies, assessment, monitoring and mitigation. It also works with other risk areas, Capital Management, Finance and across the AEGON Group to maintain a strong system of risk governance.
Responsibilities
As Head of Risk Analysis, you’ll:
▪ analyse, review and challenge the business functions on insurance risk experience analyses, assumption sets, management actions and reported metrics used for the management and measurement of insurance risk
▪ produce regular reporting and commentary on insurance risks, and maintain and report on Key Risk Indicators for these risks
▪ develop recommendations on what actions can be taken to mitigate risks and the impact of these risk mitigation techniques
▪ work closely with the Finance Risk Director to develop horizon risk reporting of emerging risks in the insurance space
▪ develop communication material on insurance risk strategies and work with other business areas to embed insurance risk management throughout the business
▪ continually review pricing reports, new business terms and their potential impact on PRE, as well as business plans and projected capital resources
▪ consider the appropriateness of stress testing levels, the justification of stress levels, the results of stress testing on metrics, the appropriateness of assumed management actions and the financial and risk implications
Requirements
Essential
To be the Head of Risk Analysis, you must have:
▪ strong knowledge of insurance risk policies and regulations
▪ strong analytical, quantitative and qualitative skills
▪ good communications and presentation skills
▪ practical knowledge of the application of governance and risk frameworks
▪ practical experience of assessing critical insurance risk issues arising from local activities, including new products
▪ practical knowledge of insurance-related processes, such as pricing, expense analysis, underwriting procedures and limits
▪ sound understanding of appropriate legislative codes as they apply to the insurance industry and risk management arena
▪ good understanding of the insurance services industry
▪ strong experience of the FSA regulatory framework
▪ experience working in insurance businesses
▪ good experience in quantitative underwriting risk modelling and analysis
Desirable
It would also help if you:
▪ have senior risk management experience within an insurance organisation
▪ have a degree in statistics or actuarial sciences
▪ are a fellow of the Faculty or Institute of Actuaries or equivalent
▪ have a risk management qualification or equivalent relevant professional experience
In our rapidly changing regulatory environment, we’re working hard to strengthen our risk and compliance frameworks. The Risk function provides the second line of defence under the three lines of defence model.
The Insurance Risk team is responsible for developing and implementing our UK business strategy for the management of underwriting risk, reporting to the Chief Risk Officer and the regulator on the risks taken and how well we manage them.
The area covers the qualitative and quantitative risk management framework and methodologies used to estimate underwriting risk, including policies, assessment, monitoring and mitigation. It also works with other risk areas, Capital Management, Finance and across the AEGON Group to maintain a strong system of risk governance.
Responsibilities
As Head of Policy Development and Regulatory Advice, you’ll:
▪ review and assess pillar 1 and pillar 2 capabilities, methods, assumptions and results as well as our ability to produce inter-valuation period estimates
▪ identify, present and continually monitor regulatory developments and changes in relation to insurance risk, including the FSA Handbook and the implications of Solvency II
▪ make sure the impact of these developments is quantified and assessed, and that the business identifies and implements the required changes on new and existing business processes and products
▪ monitor the control to make sure policyholders aren’t misled and the valuation of assets is adequately controlled
▪ work closely with the Insurance Risk Director to maintain and develop a set of comprehensive, fit-for-purpose insurance risk policies in line with overall organisational risk strategy
▪ make sure policies are embedded and regularly used in business decision-making and that the insurance risk policies are complied with
Requirements
Essential
To be the Head of Policy Development and Regulatory Advice, you must have:
▪ strong knowledge of insurance risk policies and regulations
▪ strong analytical, quantitative and qualitative skills
▪ good communications and presentation skills
▪ practical knowledge of the application of governance and risk frameworks
▪ practical experience of assessing critical insurance risk issues arising from local activities, including new products
▪ practical knowledge of insurance-related processes, such as pricing, expense analysis, underwriting procedures and limits
▪ sound understanding of appropriate legislative codes as they apply to the insurance industry and risk management arena
▪ good understanding of insurance services industry
▪ strong experience of the FSA regulatory framework
▪ experience working in the insurance businesses
▪ good experience in quantitative underwriting risk modelling and analysis
Desirable
It would also help if you:
▪ have senior risk management experience within an insurance organisation
▪ have a degree in statistics or actuarial sciences
▪ are a fellow of the Faculty or Institute of Actuaries or equivalent
▪ have a risk management qualification or equivalent relevant professional experience
This is a great opportunity to secure a pivotal role in a high profile, innovative financial services organisation. They are looking to recruit a reputable, experienced and driven Financial Risk, Credit Risk or Treasury professional, used to working in a fast paced environment with constant change.
You will be responsible for developing and managing the financial risk management framework including:
Credit risk including lending strategies, policies and controls
Derivative risk management and hedging policies and controls
Counterparty and outsourcing risk management policies and control
Liquidity and associated financial risk management
Indirect credit risk management policies and controls
To succeed in the role you must have significant retail experience in a financial risk, credit risk or treasury risk role, a strong understanding of the regulatory environment surrounding financial services products, a commercial approach and excellent leadership and relationship management skills.
An progressive financial services organisation based Scotland is looking for an enthusiastic, hungry & driven candidate with operation Risk experience to work within their expanding Risk function.
Reporting to the operational risk manager, but part of a small operational risk function, you will be responsible for a broad range of areas within Operational Risk.
The successful candidate will understand and have practical experience of Operational Risk, how the framework works, how the different elements of the framework work -risk and control assessments, accepting risk, incident management & business continuity.
An excellent progressive FS organisation, based in Scotland. They are looking for a collections expert to manage their collections area. As a subject matter expert. The ideal candidate will have extensive collections experience in both the operational, technical and strategic sides of collections and will have had exposure to the full process from strategy and implementation to delivering results.
Reporting to the Head of Credit Risk the role of risk modelling analyst is to:
Establish, review/analyse and improve ongoing scorecard monitoring and validation. Ensure all recommendation papers contain the appropriate level of detail for PIRs. Prepare regular reports on scorecard performance for senior management. Submit recommendations for policy enhancements and improvements. Liaise with business units to ensure that all Global and Regulatory Guidelines are adhered to.
Candidate requirements:
Advanced user of Statistical Analysis Software (SAS). Understanding and implementation of the techniques and applications of credit scoring. Understanding of Credit Scorecard validation and monitoring techniques. Strong interpersonal skills. Modelling in other areas (e.g. Fraud) Excellent written and oral communication skills. Management skills not essential