Risk Analytics Technical Change Actuary

We’re sorry. We’re no longer accepting applications for this role.

Search and apply for similar opportunities or register your interest to receive alerts of the latest suitable jobs as they become available. 

VN-16683

Permanent

London

Competitive

23 October 2020

Back to search

LGRI (Legal & General Retirement Institutional) is recruiting for a Risk Analytics Technical Change Actuary to assist the RA&AM (Risk Analytics & Asset Modelling) Change Programme Manager in the delivery of the Risk Analytics Change portfolio. This will role will suit someone with experience of the asset side of a balance sheet.  Dont worry if you dont have change experience- we'd love to hear from you

Reporting into the Risk Analytics Change Programme Manager, you will use your SME knowledge and Change delivery experience in Asset and Risk modelling and systems, process development to help design then drive delivery of the Risk Analytics Change and Transformation agenda and also carry out the Algo IMC duties that form part of the L&G and RA&AM IM governance process.

  • You'll provide support to the RA&AM Change Programme Manager by ongoing planning and delivery management of identified elements of the RA&AM Change Book of Work ensuring the deliverables meet the business quality and delivery timescales requested
  • You'll provide guidance on technical issues to enable Risk Analytics to deliver guidance to RA&AM team members and customers on complex issues surrounding Life, Pensions Liability and Asset modelling and methodology under various financial reporting and regulatory metrics
  • You'll manage and co-ordinate input from other technical experts within Group, LGIM, LGRI business and IT teams as part of their role to plan, design and deliver the appropriate process and system solutions
  • You'll manage the system and process changes impacting Risk Analytics through ensuring delivery of good business and technical analysis, technical knowledge and requirements specifications for the Risk Analytics software development process
  • You'll use subject matter expertise to act as the bridge between the business teams requesting changes that will impact RA&AM processes and systems and the business analysis, quantitative and the IT teams delivering the necessary changes
  • Understands the principles of Business Transformation and able to translate these principles into business/people change activities and project outcomes
  • Ensure adherence to and compliance with Internal Model and other relevant Group and LGRI project and risk management governance standards and policies in the delivery of the RA&AM Change portfolio
  • You'll plan out then monitor and report on progress of the RA&AM Change in line with the risk and project governance frameworks adopted by RA&AM Change 

Qualifications:

  • Typically you will  be a qualified actuary with post qualification experience from either a life company or consultancy
  • APMG Prince 2 Practitioner, Association of Project Managers (AMP), Agile PM practitioner would be desirable

Knowledge:

  • You'll have financial reporting processes and metrics knowledge : Economic Capital, Solvency II, IFRS, ALM
  • An understanding of Life and Pension products, Bulk and individual annuity products
  • Operational knowledge of asset data sourcing, asset pricing, valuation and modelling knowledge with an understanding of how market and asset data will modify the valuation – across a variety of asset classes incl Credit Fixed Income, Rates and Interest Rate Fixed Income, ABS, Equities, Property, Derivatives, Swaps
  • Asset modelling software such as AlgoOne
  • Programming in languages such as Python, VBA, R, C++

 

Whatever your role, we reward ability, performance and attitude with a package that looks after all the things that are important to you. Our employees have a wide range of benefits including a generous pension scheme, life assurance, 27 days' holiday, private medical insurance, performance related bonuses, a variety of share schemes, discounts at both a huge range of high street stores and our own great products, as well as a 12% car allowance scheme, your hard work will be rewarded when you join us.

About L&G

Working here is about being there for our customers; we’re available should the worst happen and we work together to enable social and financial equality across the UK. But it’s also about you –how you develop and what you can achieve. We’ll help your talent thrive in an environment where you’ll be supported to work flexibly and autonomously, sharing in our success and rewarded for a great performance with a generous benefits package.

About the business area

Legal & General Retirement Institutional (LGRI) is the UK’s longest-serving active bulk annuity provider. In the last 30 years we have written more UK business than any other insurer and currently look after over half a million pension policyholders.  We are a market-leading and multi-award winning business.  

We work with companies and pension scheme trustees  to help them honour their Defined Benefit pension promises to their employees. We do this through bulk annuity insurance transactions or pension ‘buy-ins’ or ‘buyouts’, which enable pension trustees to secure their scheme members’ benefits with us. By doing this we:

  • help companies to settle their pension liabilities and focus on growing their businesses
  • help to support individuals' financial security in retirement
  • invest for the long term to back our pension promises.

Risk Analytics & Asset Modelling (RA&AM), a team within LGRI, provides the quantitative financial analysis for LGRI,  Legal & General Assurance Society (LGAS) and Group.

This team is responsible for financial reporting & financial analysis across the Group and the provision of risk solutions including asset data, analytics libraries, risk measurement and MI covering both external regulatory (SII, IFRS) needs and those of other internal reporting metrics (e.g. Economic Capital, ALM and Portfolio Credit Risk).

Development is generally performed by LGR IT, but all other aspects of the change management process are managed by RA&AM (including internal model change, stakeholder management, project  delivery management).

The ongoing RA&AM ongoing portfolio of Transformation and Change covers a wide range of asset modelling and risk system and process change, this driven directly by RA&AM or to achieve the objectives and outcomes of its internal customers across the Group.

 

Our commitment to Equal Opportunities

We’re an equal opportunities employer and welcome applications from all suitably qualified persons regardless of their race, sex, disability, religion/belief, sexual orientation, gender identity or age.

Please contact Reesa Berry, Resourcing Lead on reesa.berry@landg.com for futher information

Back to search

About L&G

Working here is about being there for our customers; we’re available should the worst happen and we work together to enable social and financial equality across the UK. But it’s also about you –how you develop and what you can achieve. We’ll help your talent thrive in an environment where you’ll be supported to work flexibly and autonomously, sharing in our success and rewarded for a great performance with a generous benefits package.

About the business area

Legal & General Retirement Institutional (LGRI) is the UK’s longest-serving active bulk annuity provider. In the last 30 years we have written more UK business than any other insurer and currently look after over half a million pension policyholders.  We are a market-leading and multi-award winning business.  

We work with companies and pension scheme trustees  to help them honour their Defined Benefit pension promises to their employees. We do this through bulk annuity insurance transactions or pension ‘buy-ins’ or ‘buyouts’, which enable pension trustees to secure their scheme members’ benefits with us. By doing this we:

  • help companies to settle their pension liabilities and focus on growing their businesses
  • help to support individuals' financial security in retirement
  • invest for the long term to back our pension promises.

Risk Analytics & Asset Modelling (RA&AM), a team within LGRI, provides the quantitative financial analysis for LGRI,  Legal & General Assurance Society (LGAS) and Group.

This team is responsible for financial reporting & financial analysis across the Group and the provision of risk solutions including asset data, analytics libraries, risk measurement and MI covering both external regulatory (SII, IFRS) needs and those of other internal reporting metrics (e.g. Economic Capital, ALM and Portfolio Credit Risk).

Development is generally performed by LGR IT, but all other aspects of the change management process are managed by RA&AM (including internal model change, stakeholder management, project  delivery management).

The ongoing RA&AM ongoing portfolio of Transformation and Change covers a wide range of asset modelling and risk system and process change, this driven directly by RA&AM or to achieve the objectives and outcomes of its internal customers across the Group.

 

Our commitment to Equal Opportunities

We’re an equal opportunities employer and welcome applications from all suitably qualified persons regardless of their race, sex, disability, religion/belief, sexual orientation, gender identity or age.

Please contact Reesa Berry, Resourcing Lead on reesa.berry@landg.com for futher information