Risk and Capital Actuary

As part of the wider risk function this role also has responsibilities for the development and use of the risk model (including the capital model) within the organisation. The potential for model use is continuously explored and the individual taking this role will be expected to creatively explore this aspect for advanced risk management purposes. The strategic insights that can be obtained from work done by the risk function are highly valued across the organisation. This makes the role high profile with access to the most senior levels of management within Chubb both in Europe and across the wider group. It requires a highly creative individual who is selfmotivated to find ways to add value to the organisation.

The EMEA ERM team has access to all areas of the organisation. Unusually for an actuarial role there is equal focus on both sides of the balance sheet and the successful applicant will have exposure to investment claims underwriting operational and all other types of risk.

Key relationships other than those within reporting lines include Finance Actuarial function Compliance function Internal Audit function Chubb Europe Executive Directors and Chubb Limited Enterprise Risk Management Unit.

The role is based in London; however some travel may be required. The Risk and Capital Actuary is supported by a pool of resources based in London and within Chubb Business Services India (CBSI) based in Bangalore India.

Responsibilities:

Performance of technical/actuarial deepdive reviews drafting relevant reports as well as ongoing reporting and monitoring thereof.

Performance of technical/actuarial deepdive reviews drafting relevant reports as well as ongoing reporting and monitoring thereof.

Development and performance of the companys stress and scenario framework analysis review and documentation of stress and scenario analysis and demonstrating linkage to the emerging risk process.

Optimise the existing ERM processes enhance existing risk reporting toolkits and continue the development of an integrated risk reporting dashboard which combines capital profitability liquidity franchise value and how these react under different macroeconomic environments

Understand the technical working of the capital model run and extract results from the model ensure output provided from the model is accurate complete and appropriate provide quantitative and qualitative reporting.

Support various capital assessments initiatives for relevant legal entities.

Support EMEA model validation efforts including the provision of required inputs to the Global Model Validation Unit in respect of validation activities.

Support the performance of any Internal Model related activities to be performed by the Risk Management function including the interrogation of the Internal Model and opine on Internal Model outputs

Model use: Respond to ERM use requests identify adapt and develop areas for future wider strategic decision making and risk monitoring evaluation and management use.

Supervise relevant risk management activities performed by Chubb Business Services India and assist with other risk management projects as they arise.

• Newly/Nearly Qualified Actuary CERA qualified is an advantage
• English (Proficient)
• Any other European language (desirable)
• Previous London Market experience an advantage
• Knowledge of Capital/Risk processes (in relation to Solvency II or other equivalent regimes)
• Reinsurance reserving or pricing process knowledge an advantage
• An understanding of both nonlife and life insurance products and services
• Ability to collate and review quantitative data and carry out quantitative analysis including risk management information and capital model outputs
• Strong analytical skills advanced working knowledge of Excel and good working knowledge of other MS Office applications
• Ability to understand risks issues and impacts and manage these across a diverse series of products and locations concurrently.
• Manages own performance and utilises the Chubb Competence Model to develop skills abilities and behaviours that support outstanding performance and meet professional/regulatory expectations.
• Complies with the Chubb Europe fit and proper policy maintain own professional skills with CPD and be a role model for all staff.