Job Title:	Solvency II – Market Risk ALM Specialist
Reference:	X00021
Salary:	£Competitive Salary + Excellent Flex Benefits
Location(s):	London
Industry(s):	Financial Services, Public Sector, Risk
Advertiser:	Financial Services Authority
Employment Type:	Permanent
Posted:	05-03-2010

Description:

Solvency II – Market Risk ALM Specialist
£Competitive Salary + Excellent Flex Benefits
Canary Wharf – London

If you’re a market risk expert with a background in life insurance, we can offer you a key role at the Financial Services Authority (FSA). The UK’s financial regulator, our Prudential Risk Division (PRD) advises firms on risk, largely related to prudential standards, while supporting both Retail and Wholesale firms Supervisors. We are currently in the process of developing our Solvency II internal model assessment approach to enable insurers to use approved financial models as the basis for their regulatory capital requirements. This is your chance to be part of this high-profile team at an exciting time of change.

Your particular focus will be on asset liability modelling (ALM) and Solvency II internal model design, development and implementation. This will involve everything from reviewing firms' assessment of market risk as part of its own internal model and ensuring risks have been appropriately modelled to liaising with internal colleagues and firms to support their preparation for internal model assessment.

Providing ad-hoc research and thought leadership on a range of Solvency II issues will also be part of your role, as will developing your market risk expertise and taking ownership of a portfolio of firms.

You are likely to be a qualified actuary with ICAS or Solvency II experience and an expert in ALM in an insurance context. Your background will include a thorough knowledge of market, credit, inflation, and currency risk, as well as financial instruments and regulatory capital modelling. A natural communicator, you’ll have an impressive ability to network, translate technical concepts into practical solutions and deal effectively with ambiguity. We’ll also be looking for sound negotiating and influencing skills, along with drive, enthusiasm and sound commercial acumen.

If you’re keen to contribute your skills and experience to Solvency II implementation, find out more and apply by clicking here, quoting reference, X00021.

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