Head of Model Validation 9-Month FTC
Head of Model Validation 9-Month FTC
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Job Description
Head of Model Validation 9 Month FTC)
Why Join Us
At Direct Line Group were looking for an experienced Head of Model Validation (FTC) to play a key role in supporting the development of our Internal Economic Capital Model (IECM). Youll lead independent validation activities oversee model risk management and provide critical insights.
This is an opportunity to work at the heart of financial and insurance risk collaborating with senior stakeholders and ensuring we remain compliant with Solvency UK and other regulatory requirements.
This role is being offered on a 9Month Fixed Term basis.
What Youll Be Doing
As Head of Model Validation youll be responsible for:
- Leading independent validation of the IECM ensuring compliance with regulatory standards and best practices.
- Developing and implementing an annual validation plan covering scope approach and resources.
- Managing model risk oversight including maintaining the model inventory and overseeing validation of significant models.
- Producing validation reports for key committees including the Board Risk Committee and Audit Committee.
- Reviewing and validating model changes ensuring controls are in place and regulatory standards are met.
- Enhancing the Model Validation Framework bringing best practices from across the industry.
- Working closely with the wider Financial & Insurance Risk team providing insights to strengthen risk oversight.
- Leading mentoring and developing the model validation team ensuring high standards of technical review.
What Were Looking For
We need a highly analytical leader with a strong actuarial background and experience in model validation. You should have:
- Qualified Actuary status (FIA or equivalent).
- Significant experience in model validation either in first or secondline risk functions.
- Expertise in Solvency UK and internal model regulatory requirements.
- A strong understanding of risk management capital modelling and financial reporting.
- Leadership and stakeholder management skills with the ability to challenge and influence at senior levels.
Ways of Working
Our hybrid model way of working offers a best of both worlds approach combining the best parts of home and officeworking offering flexibility for everyone. You will be in the office 2 daysper week and based in our London Riverbank House office.
Read our flexible working approach here
Benefits
We recognise we wouldnt be where we are today without our colleagues thats why we offer excellent benefits designed to suit your lifestyle:
- 9 employer contributed pension
- 50 off home motor and pet insurance plus free travel insurance and Green Flag breakdown cover
- Annual bonus of up to 20
- EV car scheme allows all colleagues to lease a brand new electric or plugin hybrid car in a tax efficient way.
- 30 days annual leave
- Buy as you earn share scheme
- Employee discounts and cashback
- Plus many more
Being yourself
Direct Line Group is an equal opportunity employer and we think diversity of background and thinking is a big strength in our people. Were delighted to feature as one of the UKs Top 50 Inclusive Employers and are committed to making our business an inclusive place to work where everyone can be themselves and succeed in their careers.
We know youre more than a CV and the things that make you you are what bring potential to our business. We recognise and embrace people that work in different ways so if you need any adjustments to our recruitment process please speak to the recruitment team who will be happy to support you.
Collectively we help every business within our group aim higher. Standing shouldertoshoulder to stand out in the market we want to be an insurance company of the future. And with so many areas to choose from your ambitions are welcome here. See your opportunity to start a career thats varied distinct and exciting. Visit directlinegroupcareers
Together were one of a kind.
#LIHybrid #LIAC1
Required Experience:
Director
Employment Type
Full-Time
