Senior ALM Actuary
About The Role
We’re currently recruiting for a Senior WP ALM Actuary to join our WP ALM Team to provide a professional service applying actuarial, technical & business knowledge to support the delivery of informed & effective decision making in order to deliver the company strategy.
As part of the WP ALM team you will help to take ownership of hedging policies for interest rate, inflation and equity risk and ensure funds are managed to an appropriate risk appetite.
As a Senior WP ALM Actuary you will enjoy a broad role, using your skills and knowledge to provide oversight of all WP ALM Activity including the derivation of new hedging strategies and policies. This key role will involve activities such as:
· Deriving new strategies to for the management of investment risks (including nominal rates, real rates, equities and credit) to pre-specified targets and tolerances;
· Reviewing hedges structured by other members of the WP ALM team ensuring hedges are compliant with the hedging policies and have been carried out using EUC compliant tools with appropriate checks and controls.
· Reviewing hedging instructions and working with our strategic asset management partners to ensure our ALM execution is carried out in a cost-effective manner in line with our expectations and requirements;
· Supporting the investment strategists with the relevant asset and liability analysis / modelling to facilitate investment in new asset classes; and
You will work closely with the Actuarial teams in Life Finance and Capital Management to ensure all material aspects of our ALM practices are reflected in the models. It’s a dynamic and exciting role where you’ll be ensuring we manage and mitigate market risks in accordance with Group risk appetite, and in line with our With Profits funds’ PPFM rules.
What we’re looking for:
You will be a qualified actuary from a related Financial Services background, with strong ALM experience in a Life office financial reporting or investment management setting. You will be able to demonstrate your experience of asset and liability modelling in a UK Life assurance company context, with a good understanding of Solvency II & IFRS and the implications of these regimes for investment risk management. Familiarity with the risk characteristics of different asset and liability classes, a sound understanding of hedging instruments and approaches, and fluency with quantitative toolkits and systems such as RStudio, VBA, Matlab and Bloomberg, will all be beneficial in this role.
Just as important as your technical understanding, though, will be your passion to respond to challenges and use your initiative to deliver objectives and lead key initiatives within the team. We love working with strong communicators who can quickly use their interpersonal skills to build great working relationships and achieve excellent results.
What We’re Looking For
Experienced Qualified Actuary
Languages – English
Experience of ALM including hedging using derivatives such as swaps and futures
Experience of WP business
Experience of SII Reporting
To apply for this job email your details to firstname.lastname@example.org.