Head of Investment and Solvency Risk.

Head of Investment and Solvency Risk.

Our Financial Services client is looking for a highly skilled Head of Investment and Solvency Risk. to join their London based team for a 9 months initial contract.

THIS ROLE SITS INSIDE IR35

Job title:Head of Investment and Solvency Risk.

Business area: Risk and Compliance

Purpose of role:

To provide a second line of defence of the investment, capital management, reinsurance oversight functions within Finance, and responsible for the oversight of: market, credit, liquidity and reinsurance risks within the client.

Accountabilities:

• Prepare papers for the ALCO, RMC, BRC and Board, and relevant risk committees and provide oversight and challenge at governance committees (e.g. Investment Risk Forum and Credit Risk Forum.
• Lead the second-line oversight of the clients 's capital management function, including:

• Provide challenge the quarterly Solvency Coverage Ratio and Own Funds.
• Review and oversee the Own Funds forecast and capital plan production and challenging the investment, Own Funds, and Solvency Capital Requirement (SCR) assumptions and projections in the financial plan (excluding internal model validation).
• Draft and review Risk Opinions on the annual review of contingent management actions and interim and annual dividend approvals for the Group and solo entities within the client.

• Ongoing monitoring of the the client investment portfolio and ensuring compliance with the Strategic Asset Allocation.
• Review and provide Risk Opinions on the client's annual reinsurance placements.
• Lead the second line oversight of Solvency Risk including the annual review of the the client, UKI and CIC risk appetite.
• Provide SME input on the oversight of climate change related issues with particular focus on the impact on the the client investment portfolio and wider market risk.
• Provide risk SME to the business and to other financial risk teams, such as the oversight of the investments related stress and scenarios in the Combination Stress Test and other regulatory stress test exercises.
• Contribute to key regulatory reports including the Own Risk and Solvency Assessment and the Solvency and Financial Condition Report.
• Review and update the relevant risk policies and framework to ensure adequacy for regulatory needs and business requirements​.
• Develop and maintain the reporting, key risk indicators (KRIs) and management information (MI) for relevant risks.
• Monitor the macroeconomic and geopolitical environment to assess their impact on the client.
• Keep abreast of relevant industry and regulatory developments; seek external information on relevant issues which may affect the client.

Carbon60, Lorien & SRG - The Impellam Group STEM Portfolio are acting as an Employment Business in relation to this vacancy.