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Senior Financial Risk Analyst
On-site in the UK·Added 7 months ago (last checked 27 Oct)
Utmost International
8 open roles
Our summary
- Work mode
- On-site, the UK
- Experience
- Senior level
- Closing date
- Apply by Friday 30 October
Skills
Nice to have
The role
Job details
- Oversee and monitor the management of the financial risks within the company, and engage with the first line to assess effectiveness of frameworks and processes that identify, monitor and manage financial risks.
- Work with the Financial Risk Manager and CRO in the:
- review and challenge of the effectiveness of credit risk management and ALM activities, including hedge design, management, monitoring;
- oversight of the effectiveness of company's approach to internal credit ratings of assets;
- second line review of the management of Matching Adjustment applications, the ongoing management of related risks;
- independent validation of aspects of the Partial Internal Model (PIM) (under Solvency UK), tracking and review the closure of Independent Validation findings, and support associate second line reporting to Executive and Board committees;
- second line review of certain actuarial assumptions and methodologies.
- Contribute to the second line review, challenge, and reporting on projects, and commercial and strategic activity (including Bulk Purchase Annuity deals, reinsurance arrangements, and investment activity).
- Contribute to ORSA Report and coordinate inputs and content.
- Contribute to the second line's maintenance of an effective Enterprise Risk Management Framework and Risk Appetite Framework, including review of Risk and Control Self-Assessment registers and certain risk incidents. (This includes supporting the development and operation of second line-owned tools and processes in the framework.)
- Monitor financial risk metrics, in line with the Company's risk appetite framework and contribute to the production of second line risk reporting to governance committees.
- Ad hoc tasks as required.
- Comply with the FCA’s conduct (and senior conduct) and Consumer Duty rules and the PRA’s conduct (and senior manager conduct) standards as set out.
- Notify the regulator(s) of matters reasonably expected to be notified.
Core Competencies
- Good risk analysis skills and an understanding of financial risks managed by a Bulk Purchase Annuity (BPA) provider.
- Good influencing and communication skills (written and verbal) and an ability to build and maintain positive relationships.
- Well-organised, good attention to detail, able to prioritise effectively, work both independently and part of a team, and work to deadlines.
- Proactive, motivated, and able to assimilate new information quickly.
- Ability to develop effective solutions to issues/problems.
- Strong appetite to learn and develop.
Experience and qualifications
- Financial risk management experience (Life insurance and/or Pensions background), either from first- or second-line role(s).
- Experience of the regulatory environment in the UK.
- Understanding and experience of investments within the life or pensions industry, ideally in relation to credit risk and illiquid assets.
- Asset Liability Management (ALM) experience or good awareness.
- BPA and/or Solvency II Internal Model experience would be ideal, but not essential.
- Actuarial experience or equivalent (in non-equity investments / credit risk management).