Risk & Commercial Actuary, Bpa - Potters Bar, United Kingdom - Irish Life
Description
Location:
Potters Bar, GB
Company:CLFIS Limited**Description:
- Canada Life UK looks after the retirement, investment and protection needs of individuals, families and companies. We help to build better futures for our customers, our intermediaries and our employees by operating as a modern, agile and welcoming organisation.
- Part of our parent company Great-West Lifeco, Canada Life UK has operated in the United Kingdom since 1903. We have hundreds of respected and supported employees committed to doing the right thing for our customers and colleagues.
- Canada Life UK is transforming to create a more customer-focused business by providing our customers with expertise on financial and tax planning, offering home finance and annuities propositions, and providing collective fund solutions to third party customers.
Job Summary:
The role holder will support in delivering the overall goals of the Strategy and Commercial Director, including producing input for strategic proposals and market analysis.
Duties & Responsibilities:
1) Support the development of the BPA strategy:
- a) Support development of the strategy, specifically:
- ii. cover near, medium and long term development plans.
- b) Responsible for production and coherence of the high-level business case for specific strategic developments, working with relevant affected business units.
- c) Responsible for communicating the strategy with relevant internal stakeholders.
- d) Support monitoring market developments to keep the strategy document current.
- 2) Accountable for first line risk reporting in BPA, with support from the MI analyst:
- a) Work with the wider bulk annuity team to complete the Risk and Control Self-Assessment (RCSA) process.
- c) Support the BPA team with timely risk event reporting.
- d) Embed regular risk reporting into the team.
- e) Produce regular risk reporting to the Compliance and Operational Risk Committee (CORC).
- f) Work with the BPA Senior Leadership Team to review and ensure completeness of risk reporting.
- g) Responsible for the BPA inputs to the ORSA process and reporting.- 3) Accountable for the MI and reporting processes for the BPA team, with support from the MI analyst:
- a) Ensure that the MI reporting continues to meet stakeholder needs and continues to evolve with the business (e.g. Bulk senior management, Investments and Finance).
- c) Review MI produced by the MI analyst for accuracy.- 4) Responsible for the BPA business planning results. Liaise with relevant internal stakeholders to ensure the plan is appropriate (e.g. Investments, ALM).
- 5) Responsible for coordinating and managing internal audit actions across the BPA team.
- 6) Foster a culture of continuous improvement to ensure MI, risk and other processes offer meaningful insight and remain efficient
Experience for position:
- Knowledge and understanding of the BPA market is desirable.
- Ability to influence peers to provide timely input.
- Ability to communicate insights and make recommendations to a range of stakeholders (including nontechnical).
- Strong analytical skills ability to use, interpret and develop meaningful data and make sound recommendations.
- Strong technical ability to understand, challenge and review BPA risk and commercial MI.
- Focus on delivering results and finding a way forward to keep momentum.
- Creative and flexible in their approach to work.
- Collaboration and facilitation skills.
- Familiarity with regulatory requirements and compliance standards within the UK life insurance industry.
- Qualified Actuary (or equivalent qualification).
Benefits of working at Canada Life
- We believe in recognising and rewarding our people, so we offer a competitive salary and benefits package that's regularly reviewed. As a Canada Life UK colleague, you'll receive a competitive salary and comprehensive reward package including a generous pension and bonus scheme, along with, income protection, private medical insurance and life assurance. We have a fantastic number of other benefits and support services as well as regular personal and professional development.
How we work at Canada Life
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