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Model & Financial Control Framework (MFCF) Assistant Manager

  • Reference
  • VN-17411
  • Role Type
  • Permanent
  • Location
  • London
  • Salary
  • £50,000 to £75,000 (DOE)
  • Closing Date
  • 10/08/2020
Job Intro

We're looking for a qualified Model & Financial Control Framework (MFCF) Assistant Manager to join our London based team.

You'll support the MFCF head of BAU reporting in ensuring that the BAU production activities are completed in a timely manner and to a high level of quality. The BAU section of the MFCF team primary objective is to produce the MI for senior management on the status of the control framework within LGR Finance (both LGRI and LGRR) and to recommend remediation actions in order to reduce risk in the different business areas.

What you'll be doing

To work with model / EUC owners on improving quality of documentation and controls.

To assist the head of BAU Reporting in the timely and efficient production of the processes relating to BAU activities within the MFCF team.

To monitor and assist in managing the division’s financial control framework in order to provide assurance to management whether appropriate financial controls are in place.

To produce the monthly MFCF pack in a timely manner to provide MI to senior management on the current status of the control framework within LGR.

To plan and execute in-cycle reviews and programme of testing on actuarial & non-actuarial activities to check whether selected controls are operating effectively and to agree remediation plans.

To perform model refresh cycles focusing initially on a sample of actuarial models to ensure they are kept up to date and to agree remediation plans and ensure completion is timely.

To investigate risk events to provide assurance that risks remain mitigated within appetite.

What we're looking for

Qualifications:

Chartered Accounting (ACA/ ACCA/ CIMA) / Qualified Actuary or equivalent through experience - Essential

Knowledge:

Exposure to an auditing background or similar

Knowledge of the operation of financial controls

Knowledge of actuarial concepts (in particular longevity, investments, pricing).

Knowledge of actuarial models.

Experience:

Ability to present complex financial information in a suitable manner for senior management

Experience of implementing EUC controls.

Attention to detail

Good stakeholder management behaviours

Clear concise communication and ability to work as part of a team

Leadership:

Lead by example and demonstrate good coaching skills to the more junior members of the team.

Benefits

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, your hard work will be rewarded when you join us.

 

Please contact clare.williamson@landg.com with any queries

Company Info

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.

Department Info

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.

We are 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.

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.