Description
Key Responsibilities
- The individual will assume an important role in the development and implementation of the Solvency II Own Risk Self-Assessment (ORSA) process and the annual ORSA Report, along Internal Capital Adequacy Assessment Process (ICAAP) related tasks.
- This role will also be responsible for managing the Solvency II reporting and the Pillar 3 reporting processes
- The individual will need to be able to have strong presentation skills, a proven ability to engage with senior management and to communicate regulatory reporting matters to non-technical leaders in a clear and compelling manner.
- Responsible for the co-ordination and production of the annual Solvency II ORSA Report for a life insurance company.
- Responsible for the development and implementation of Solvency II Pillar 3 regulatory reporting.
- To be responsible for the assessment of the Company's Solvency II balance sheet. Lead on all Pillar 1 aspects of Solvency II reporting and contribute to the embedding of Solvency II within the Company.
- To monitor and assess the further developments of the Solvency II requirements for solvency Capital. Prepare updates to the senior management and Board to ensure understanding of the issues.
- Manage internal and external audit relationships within area of responsibility and convey position on audit issues where necessary.
- Support new product and business initiatives by working closely with Finance peers to prepare capital requirement assessments.
Requirements
- 5-7 years of experience within Financial Services institution with a Solvency II/ICAAP focus.
- ACCA/CIMA and/or equivalent (preferred).
- Experience of Solvency II balance sheet gained in an insurance organisation.
- Advanced knowledge of Solvency II, Basel II and III and understanding of the regulation of banks, insurance and investment management firms.
- Relevant experience of stress testing and reverse stress testing development within a regulated institution.
- An advanced knowledge of investment types and products.
- Ability to apply technical understanding to real world business events/transactions.
Allegis Group Limited and Aston Carter Limited operate Employment Businesses and Agencies and are companies within the Allegis Group Inc. group of companies, the fourth largest staffing company in the world, (collectively referred to as the "Allegis Group"). TEKsystems and Aerotek are divisions of Allegis Group Limited. Applicant data will be treated in accordance with the Allegis Group's Privacy Notice ). By submitting personal data to any company or division within the Allegis Group, the applicant is providing explicit consent to the use of such data by the Allegis Group and to the transfer of such data to and from the Allegis Group companies within the UK, Europe and outside the European Economic Area in connection with the fulfilment of the applicant's voluntary requests, and the fulfilment of other job opportunities that match the applicant's profile, and confirms that they may be contacted about such job opportunities.