Bank of England Jobs – Senior Actuary

Job Description:

You will be a motivated life actuary with a good knowledge and understanding of financial and insurance risk issues affecting life insurance firms.  You will work in a team of actuaries with diverse experience, as well as with other colleagues, in order to support the supervision of firms.

Job Responsibilities:

• Performing, and developing others to perform, proportionate risk-based assessments and oversight (e.g. Solvency II reviews and Part VII transfers) and applying well-reasoned judgement to identify risk to PRA statutory objectives and to identify potential mitigation for these risks.
• Developing the knowledge, skills and experience of others in specialist areas.
• Performing in-depth research in key risk areas (e.g. credit risk, longevity, dependencies) aimed at developing house views of what constitutes good practice.
• Conducting thematic projects by carrying out quantitative analysis, and producing conclusions and recommendations, highlighting key issues and emerging risks.
• Supporting the Department in the delivery of effective, risk-based prudential supervision of firms.
• Creating, and taking part in, initiatives across the Division, Directorate and wider Bank.

Job Requirements:

• Demonstrate a diverse and in-depth range of life insurance and technical actuarial experience.
• Demonstrate an in-depth understanding of the key financial and life insurance risk areas for insurers and the actuarial controls needed to ensure these are prudent.
• Demonstrate an in-depth actuarial / technical competence of Solvency II including capital modelling requirements.
• Demonstrate a proportionate approach to reviewing technical work and issues, so as to reach outcomes that are consistent with the achievement of PRA objectives.
• Demonstrate knowledge of the PRA rules and wider professional guidance.
• Demonstrate a breadth of experience across roles and organisations.
• Demonstrate knowledge of the life insurance market in the UK, key industry issues and trends
• Demonstrate effective working autonomously and as part of a cross-functional team.

Job Details:

Company: Bank of England

Vacancy Type:  Full Time

Job Location: Liverpool, England, UK

Application Deadline: N/A

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