Actuary (Financial Risk)

Job Title: Financial Risk Actuary

Contract Type:  Permanent

Location: Nether Alderley or Edinburgh

Closing date: 13th May 2022

Royal London is the largest mutual life insurance, pensions and investment company in the UK.  Since its foundation 160 years ago, Royal London has supported millions of people to protect and provide for themselves and their families.

Our culture is welcoming, friendly, flexible and we aim to make you always feel included. We welcome applications from individuals who have taken an extended career break or those who are transitioning from different sectors.

To support this we are always open to discussing flexible working arrangements and as we transition to hybrid working we will discuss working patterns or locations that ensure you have the freedom to be your best. It’s what makes Royal London a great place to work.

We believe that being together some of the time will help our colleagues to feel truly connected to our Spirit of Royal London culture. Many of us value the passing conversations, social interactions and building relationships that comes from being together in the office.

Role purpose

We have an exciting opportunity for a Financial Risk Actuary to join our team on a permanent basis working Hybrid in our Nether Alderley or Edinburgh site.  As Financial Risk Actuary you will help to oversee Royal London Group and its businesses in support to the Financial Risk Director and the Group Chief Risk Officer by providing 2nd line review and challenge to BAU activities including capital management and investment activities.  You will also provide 2nd line review and challenge to change projects and undertake thematic reviews for all Financial Risk areas.

Key responsibilities

Essential Criteria

• Qualified Actuary (FIA or FFA) with extensive professional experience within industry or consultancy
• Exposure to either Insurance Risk, Capital Risk or Investment Risk
• Ability to interpret detailed information from several sources of information and data, with the ability to draw conclusions and build an overall picture of trends and potential solutions.
• Ability to provide robust challenge to senior financial professionals in a constructive manner and can work effectively with those being challenged to influence their management of financial risks.

Desirable Criteria

• Knowledge of Solvency II, PRA/FCA requirements as they apply to life and pensions business including regulatory reporting requirements, TCF principles, risk management and capital management, investment, and governance framework matters.
• Knowledge of Risk Management Frameworks within financial services

What we offer

• We've always been proud to reward employees by offering a number of benefits such as Pensions and Protection, Performance and role-related benefits, Lifestyle and Wellbeing
• Our culture comes from within, or to put it another way, it comes from our people. It’s what makes Royal London a great place to work.
• Our People Promise is something we live up to every day. We know we can rely on you, and you can expect plenty from us in return.
• Glassdoor ranked us among the best places to work in the UK in 2021

We are an equal opportunities employer. We work hard to attract the best talent for our award-winning team. We believe that embracing difference makes us stronger. Our diverse people bring us different skills – whatever their educational background, disability, gender, age, sexual orientation, race, religion or belief.

In fact, the first pillar of our People Promise is designed to make sure you 'work somewhere inclusive'. We want to live up to this promise; it’s good for our people and good for our customers too, because our workforce should reflect our communities.