Interim Capital & Performance Modellng Manager - MS AUL team

MS Amlin ,
London, Greater London
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Job Description

Purpose Manage the MS AUL CPM team in maintaining MS Amlin's Internal Model (IM) model as used for MS AUL capital requirements. This will involve taking ownership of specific MS AULcapital related tasks, overseeing and monitoring the quality, consistency and standards of service being provided to MS AULand provide support as required. In addition, continue researching and developing new innovative enhancements that will help to fulfil the CPM function's aspiration of having a market leading capital model. Dimensions The role requires the day to day management of a team, which currently comprises of 3 direct reports, but depending on work demands additional resource can be borrowed from the other teams. In addition, for specific projects additional resources may be utilised from outside of the CPM function. Key Result Areas Capital modelling tasks are managed efficiently ensuring all Lloyd's and Solvency II requirements are met. This may involve supporting regulatory reporting, Independent Validation, Rating agencies, Business strategy, Risk reporting, Catastrophe modelling, Business planning, Reinsurance assessment and Technical loss ratios task. The sophistication and level of realism of the IM should improve over time to make use of advances in new technology and new developments in actuarial concepts. The IM is expected to make a significant input into decision making (for example: modelling Amlin's reinsurance programme, assessing the robustness of the business plan, testing a potential acquisition, etc.). The IM results are being used by many departments. Providing these results in an efficient and robust manner is critical to ensure they are being used appropriately. Developing tailored solutions for the business so they are able to directly access the information in a user-friendly way will ensure data is being correctly extracted and appropriately used. Being organised when tracking IM changes ensuring each change is driven by a genuine risk profile change sothey can be robustly reported to senior management for approval. In addition, having oversight over model changes ensures that all changes are completed to a high standard and they are error free. The Operating Environment and Context of the Job Capital modelling and/or non-life actuarial (or equivalent) experience is essential. In addition, a strong flair for using technology to innovate solutions that will push technological boundaries is desired. This role is regulatory facing so it is critical that the applicant has a high level of credibility and can confidently present results and respond to robust challenge.This will include presentingresults inBoard meetings and directly to Lloyd's. In addition to technical capabilities the role also demands a robust understanding of how the business is managed. Having, a broad understanding of both modelling and the business enables the modelling infrastructure to be built in such a way to maximise the benefits to senior management. Project management skills with the ability of maintaining motivation throughout long running projects is important. In addition, being flexible and willing to adapt and change timetables as priorities change. Creativity and problem solving skills are important in developing solutions to complex modelling problems. All developed solutions should be auditable and not detrimental to model flexibility. Communication skills are essential in presenting complex modelling concepts to a wide range of audiences with varying technical backgrounds. The jobholder is required to interface with senior individuals in key business areas: Underwriting, Investments, Risk and Finance. In addition, from time to time the jobholder may be required to speak/present at senior management meetings. Key Competencies: The key competencies required to be held by a typical, fully effective job holder are as follows: Drive Capital modelling (e.g. Igloo) Communication Project management Problem solving and decision making Technical insurance knowledge, in particular London Market insurance / reinsurance structures and capital. Attitude to change Actuarial skills Team Management Computer skills (able to push the boundaries of technology) Key Interfaces: Key internal customers include: DFA Steering Committee (sponsored by Group CRO) and Risk & Solvency Committee. External customers include Lloyd's. Capital modelling and/or non-life actuarial (or equivalent) experience is essential. In addition, a strong flair for using technology to innovate solutions that will push technological boundaries is desired. The role has a high content of programming, primarily within Igloo, but other programing languages may be used from time to time. Therefore the jobholder will need to be able to demonstrate a track record of Igloo coding and be adept at mastering new technologies. In addition to technical capabilities the role also demands a robust understanding of how the business is managed. Having, a broad understanding of b

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