Manager - Model Risk
Manager - Model Risk
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Job Description
We are looking for an individual to lead on model risk; identifying and helping mitigate the risks that the models we use to make our decisions pose to our business.
What part will you play If youre looking for a place where you can make a meaningful difference youve found it. The work we do at Markel gives people the confidence to move forward and seize opportunities and youll find your fit amongst our global community of optimists and problemsolvers. Were always pushing each other to go further because we believe that when we realise our potential we can help others reach theirs.
Join us and play your part in something special!
The opportunity:
We are an actively engaged risk function going through an expansion period of the business both in the UK and internationally. The team supports a wide range of corporate and business activities lending variety and challenge to our working lives.
What youll be doing:
- Lead our work on Validation of the Internal Capital Models
- Lead our work considering and challenging other models that underpin our business including pricing catastrophe models capital planning models and artificial intelligence
- Consider and deliver on the model risk framework including sound model governance and effective model risk management practices in line with the PRAs CP6/22 on Model Risk Management
- Develop a strategic approach to model risk management as a risk discipline in its own right
- Ability to run and/or work within crossfunctional working parties
- Represent the function at crossfunctional committee meetings and Risk Committees when required
- Lead a larger subteam and deputise for Head of Risk when required
- Ability to coach an analyst/senior analyst
- Work independently on significant projects and/or own the running of key processes within the team
- Supporting our engagement with our regulators
Our musthaves:
- Deep subject matter expertise in Solvency II internal capital models and validation requirements
- Wide experience of different models and the desire to learn more and broaden knowledge
- Desire to build knowledge in the area of artificial intelligence and its ethical and effective deployment
- Interest and desire to build knowledge in climate change and associated models
- Good understanding of insurance business models/underwriting products
- Be able to influence senior management across the business
- Strategy execution ability to drive through an agreed programme of work and overcome resistance and challenges
- Report writing and ability to communicate technical information in a way that is easy to understand digest and apply
- Ability to bring together general business knowledge and technical risk knowledge
- Have experience with training / risk workshops
- Be adept at contributing to complex projects
Who we are:
Markel Group (NYSE MKL) a Fortune 500 company with over 60 offices in 20 countries is a holding company for insurance reinsurance specialist advisory and investment operations around the world.
Were all about people We win together We strive for better We enjoy the everyday We think further
Whats in it for you
- A great starting salary plus annual bonus & strong benefits package
- 25 days paid holiday plus Bank Holidays with the opportunity to buy/sell extra leave
- Fantastic company pension scheme private medical and dental cover life assurance travel insurance cover income protection season ticket loan as well as other great benefits on offer
- There are countless opportunities to learn new skills and develop in your career and we can provide the support needed to do just that!
Are you ready to play your part
Choose Apply Now to fill out our short application so that we can find out more about you.
Markel celebrates the value of a diverse workforce that brings experience and expertise from a wide variety of backgrounds and life circumstances. Whatever your background if you feel you meet the requirements of this role then we want to hear from you. We are also happy to consider candidates who are looking for flexible working patterns.
We are an equal opportunity employer and value diversity at our company. We do not discriminate on the basis of race religion colour national origin sex gender gender expression sexual orientation age marital status veteran status or disability status.
We will ensure that individuals with disabilities are provided with all reasonable accommodations to be able to participate in the job application or interview process and to perform essential job functions if successful. Please contact us via email at or call us at 0 to request any accommodations that may be needed. This includes any alternative formats of any documents or information on how to apply offline.
LIDJ1
#LIHybrid #PlayYourPartUK
Required Experience:
Manager
Employment Type
Full-Time
