Description
A Market Leading International General Insurer ihas engaged Procura to secure the services of IMAP (Internal Model Approvement Process) Lead - to begin immediately.
You duties will include.
- Ensure that the content and timing of IMAP submissions meet with FSA requirements and expectations.
- Advise and agree with Solvency II projects and committees the required content of each submission and responsibilities for the production of inputs.
- Ensure that all legal entities and all business units within the Insurer have been considered, and that their scope of work under Solvency II and for IMAP is agreed.
- Facilitate the definition and implementation of regulatory compliance and quality assurance processes for the Solvency II programme. Produce packs of information for submission to the FSA at each stage of the IMAP that are professional in appearance and complete in content
- Keep the Internal Model Steering Committee, the Solvency II Programme Board, the Internal Model Governance Committee, the Solvency II Steering Committee and the FSA informed of progress, activities and issues towards the achievement of Internal Model approval.
Required Experience for Internal Model Lead
- Solvency II technical requirements and approaches to a level that facilitates effective liaison with technical specialists.
- The overall Solvency II regulations across all of the three pillars.
- Strong analysis and problem solving skills applied within the insurance industry.
- Experience of working within large Change Programmes.
- Practical experience in large project planning, control, governance and reporting.
- Knowledge and experience of regulatory, risk management and capital management topics, either in an operational role or as part of project responsibilities.
- Knowledge of actuarial/accounting principles and processes.
- Experience of dealing with senior and executive management.
- Ability to understand the detail but also able to take a big picture approach.
Please contact email your Cv for immediate consideration.