Internal Model Owner

Ireland
Permanent
Full-time

24 days ago

We’re excited to support a well-established life insurer in their search for an Internal Model Manager. This is a fantastic opportunity for a Qualified Actuary to take on a senior role within a collaborative and highly skilled Risk Management team, contributing directly to the oversight and evolution of a Solvency II Internal Model.About the RoleReporting to the Head of Quantitative Risk Management, the Internal Model Manager will act as the Internal Model Owner and provide subject matter expertise on areas such as ESGs, hedging, and risk exposures. This role plays a key part in the development, validation, and communication of Solvency II capital requirements and model outcomes.You'll work in a dynamic team environment, supporting internal risk initiatives and driving the enhancement of risk modelling capabilities across the business.Key Responsibilities

Act as Internal Model Owner, ensuring models remain appropriate and compliant
Lead the production and analysis of Solvency II capital calculations and projections
Support and enhance modelling to ensure comprehensive risk exposure capture
Oversee the internal model validation process and maintain regulatory documentation
Compare outputs from the Standard Model and Internal Model
Develop tools and analytics to explain SCR requirements and risk exposures
Serve as liaison with group modelling teams and external consultants
Contribute to broader risk communications and management deliverables (e.g. dashboards, risk papers)
Mentor and assign tasks to junior team members during model production cycles

Candidate Profile

Qualified Actuary with strong technical expertise in financial and actuarial modelling, with a minimum of 4 years post-qualification experience
Deep understanding of life insurance products and capital modelling under Solvency II
Demonstrated ability to manage workload and support junior colleagues
Proficient in tailoring complex communication to stakeholders at various levels
Commercial awareness of insurance markets and customer needs

How to ApplyInterested candidates should contact:Grace Caraher at grace.caraher@raretec.ie or call 01 592 7864.Alternatively, reach out to the Raretec main line at 01 531 1400Apply for this positionFull Name *Email *Phone *Cover Letter *Upload CV/Resume * Allowed Type(s): .pdf, .doc, .docxBy using this form you agree with the storage and handling of your data by this website. *

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