Head of Prudential Risk (2185)

Flexible on Location

  • Location: Gloucester
  • Duration: Permanent
  • Working hours: 35 hours per week, Monday to Friday
  • Application end date: 30/07/21

About the role

To provide oversight, advice and independent challenge to the management of prudential risk across the Group.

Key accountabilities

  • Lead the process for independent validation of the Group’s Internal Model, providing appropriate challenge to the model development and assurance to the Board that the Model continues to meet all of the requirements for regulatory approval
  • Provide oversight of the Group’s continued compliance with all elements of the PRA’s Solvency II Rules, providing appropriate assurance to the Board
  • Monitor the prudential regulatory environment to ensure awareness of future developments and that potential impacts on the Group are addressed in a timely and appropriate manner
  • Lead the production of the Group’s Own Risk and Solvency Assessment process and report
  • Develop and regularly provide comprehensive and comprehensible financial risk management information for timely and effective reporting to Board and management.
  • Provide oversight to the management of model risk across the Group
  • Support the Head of Risk in the provision of challenge, opinion and risk management advice to selected key strategic developments and business plans
  • Support the Head of Risk in the independent oversight of financial risks across the Group
  • Provide advice and challenge to relevant SBUs and business management to enhance their risk management effectiveness 
  • In conjunction with the Group Actuarial teams, develop and maintain an appropriate framework for capital management, allocation and optimisation, and development of uses of the Internal Model as a risk management tool