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We’re actively looking for people to join our teams, and we’re committed in protecting your health and wellbeing during every step of our recruitment process. If you’re successful in securing a role with us you’ll find we’ll be doing things a little bit differently! This may mean you’ll initially join our team working from home. During this time we’ll work with you to make sure you have the tools and equipment you need and that you feel part of our outstanding DLG team!
Direct Line Group is one of the top tier motor, home and small business insurers in the UK and home to some of the nation’s best-known brands: Direct Line, Churchill, Privilege, Green Flag and NIG. Our mission is to make insurance easier and better value for customers.
We have an exciting opportunity to join our Bromley based Financial Risk team as a Model Validation Analyst, on full-time and permanent basis.
You will undertake the ongoing technical independent validation of the DLG Internal Economic Capital Model, as part of DLG’s continuing compliance with Solvency II and related regulatory and legal requirements.
What you will be doing:
Supporting more senior members of the Model Validation Team (MVT) in the delivery of the independent Model Validation, undertaking appropriate, timely and effective delivery of the technical and non-technical validation requirements associated with DLG's IECM.
Developing and documenting the Model Validation processes as part of the model validation framework.
Supporting the delivery of the annual Model Validation Testing Plan in conjunction with the Model Validation Senior Manager, ensuring the test schedule is completed to time, including coordination with the Capital Modelling team as they undertake the primary validation.
Performing, where appropriate, the validation of test results delivered by the relevant functions including the design and delivery of a reasonableness check across each area of the model.
Engaging with relevant business areas on a day-to-day basis – in particular Capital Modelling – to ensure continuous dialogue in relation to the design and updating of the internal model, and to ensure key activities are completed as scheduled.
Performing any reconciliation activity, and sensitivity and stability testing of model validation outputs as required.
Providing initial draft reports setting out the validation results for review by more senior members of the MVT.
What we are looking for:
Previous actuarial experience is preferred
Strong financial and actuarial acumen
Good understanding of insurance principles and practice
Legal and regulatory awareness
Strong communicator with ability to build positive relationships
Programming experience with SAS, R or Python is desirable
Proficient in Excel