Do you enjoy performing calculations? Do you enjoying analysing the results to see the impact it has on the business and market?

Then this role will be for you as we are looking for a Nearly/Newly Qualified Actuary to join our Risk Analytics `Internal Model Production Team' as a Financial Engineer.

Do you feel like you meet the requirements but require greater flexibility? We’d love to hear from you regardless; we’re open to flexible working arrangements and support hybrid working, so please get in touch!

• Performing Internal Model capital calculations for regulatory reporting, analysis of change and what-if runs using the AlgoOne system to ensure that Internal Model reporting requirements are met.
• Delivering results with the required accuracy, within agreed timescales and following the required process controls to maintain the quality of the Internal Model Production team’s deliveries.
• Liaising with customers to help define requirements where necessary and coordinating with others in the Internal Model Production team and affected stakeholders, to ensure that customer requests are actioned and prioritised appropriately.    
• Supporting the validation of asset results from the Internal Model for profit-and-loss attribution and the validation of capital results.
• Training others in the team and maintaining appropriate process documentation for supporting the development of others and mitigating any key person risk.
• Responding appropriately to any TCF (Treating Customers Fairly) issues which may arise, to support compliance with TCF regulations.  

• Qualified Life Actuary, or Nearly Qualified Actuary with sufficient experience.
• Knowledge of the Solvency II regulations governing the calculation of capital requirements.
• Understanding of the key risk exposures for different types of life insurance products, i.e. the drivers of capital for different types of assets or liabilities.
• Understanding of requirements for Business Units analysis-of-change and what-if requests to ensure these are analysed and actioned appropriately.
• Competency within model configuration and setting up inputs with a high level of accuracy and attention to detail.
• Understanding of risk modelling or risk management processes.
• Experience and confidence in working with financial models, at a technical level and with analysing results.
• Ability to identify potential improvements to processes or the quality of deliveries and provide input into potential solutions.
• Some past software development experience or coding skills (Algo RiskWatch, Python, C++, VBA or other languages) would be advantageous

• Competitive Salary ranging from circa £60,000 – circa £75,000 (depending on experience and whether part or fully qualified)
• Bonus
• Study Support (including a rotation scheme and incremental increases as you progress further through your exams – if only Part Qualified Actuary)
• Holiday Allowance – 27 days plus all UK bank holidays
• Pension Contribution – L&G match any personal contributions up to 5% and then provide a further top up of 5%
• Private Medical
• Life Insurance
• Income Protection
• Smart Spending – which gives you access to vouchers/shopping discounts

Please note the above are just a few of the many benefits you will be entitled to when you join L&G from day 1.