Senior Credit Development Lead

OverviewJoin to apply for the

Senior Credit Development Lead

role at

Phoenix Group .

This role is permanent and based in one of: Telford, Birmingham, London or Edinburgh with two days a week in the office and the remainder working from home.

Job detailsJob Type:

Permanent

Location:

Based in Telford, Birmingham, London or Edinburgh with two days in the office per week and the remainder remote.

Flexible working:

All roles are open to part-time, job-share and other types of flexibility. We will discuss what is important to you and balancing this with business requirements during the recruitment process. You can read more about Phoenix Flex here.

Closing Date:

21st September

Salary and benefits:

£100,000 to £124,500 depending on experience plus 16% bonus up to 32%, private medical cover, 38 days annual leave, excellent pension, 12x salary life assurance, career breaks, income protection, 3x volunteering days and more.

The RoleIn this role you will lead a team of qualified actuaries and actuarial analysts to develop the Solvency II Internal Model approach to Credit risk. You will engage with a wide range of areas across the business including Asset Management and Risk and Finance to identify, develop and implement methodology changes that improve the capital efficiency of Phoenix’s Internal Model.

Key Responsibilities

Identify opportunities to improve the capital efficiency of the Credit risk model and compliance with emerging regulations

Own the credit risk roadmap for minor model changes by identifying and proposing future methodology developments that improve the capital efficiency and risk recognition for Phoenix’s Internal Model for Credit risk

Lead the execution and operationalisation of minor model changes and articulate the business benefits of the change

Ensure Phoenix’s credit risk internal model remains compliant with internal actuarial framework and Solvency regulatory requirements

Lead the annual credit model calibration exercise including model validation, and propose updated model calibrations and take the proposal through governance

Maintain model documentation to Solvency II documentation standards

Embed use of credit risk capital model within the business

Work with partners across the business to oversee the development and implementation of capital methodologies for new asset classes and investment strategies considered major model changes

Formalise the calibration and use of credit capital intensity factor within the business for investment and pricing and educate the business and governance committees on Credit Risk developments

Lead the operationalisation of Major Model Changes

Collaborate with wider credit modelling team to lead the operationalisation of Major model changes

Enable a smooth transition between Major Model Change development and BAU operationalisation

To deputise for the Head of Credit Modelling as required

To lead and develop actuaries and analysts in the team

To support appropriate working practices to support an effective multi-site team

To maintain regulatory, technical, business and professional knowledge including Solvency II regulations and professional actuarial standards, in an environment of fast moving regulatory change

What are we looking for?

A qualified Actuary with considerable post-qualification experience in the industry

Detailed knowledge of credit risk capital model in the context of Annuity business under Solvency II

Detailed knowledge of SII requirements and Internal Model methodologies

A good understanding of insurance and investment risk, capital management and capital modelling

Up to date knowledge of latest industry techniques and practices for internal models

Excellent communication skills with great stakeholder management experience

We Want To Hire The Whole Version Of YouWe are committed to ensuring that everyone feels accepted and welcome applicants from all backgrounds. If your experience looks different from what we’ve advertised and you believe that you can bring value to the role, we’d love to hear from you.

If you require any adjustments to the recruitment process, please let us know so we can help you to be at your best.

Find out more about:

Guide for Candidates: thephoenixgroup.pagetiger.com/guideforcandidates

Find or get answers from our colleagues: www.thephoenixgroup.com/careers/talk-to-us

Seniority level

Mid-Senior level

Employment type

Part-time

Job function

Finance and Sales

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