Group Head of Validation

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Group Head of Validation

lead · Insurance

Group Head of Validation

Welcome to our dynamic and forward-thinking team! We are on the lookout for a Head of Validation who is ready to develop and lead our validation function with enthusiasm and a fresh perspective. If you are passionate about model validation and capital modelling more generally, and want to make a real impact, this is the perfect opportunity for you!

What You'll Do:

As a Head of Validation, you will play a crucial role in the team, working closely with experienced professionals to develop and grow our model validation capabilities. Your key responsibilities will include:

• Oversight and management responsibility for Model Risk Management, alongside leadership of the Validation function
• Develop the overall model validation scope and plan, managing the scope and costs of any external reviews commissioned.
• Act as the subject matter expert on the Solvency II/UK regulatory requirements, PRA & GFSC rulebooks and the frameworks used in assessing model risks and wider regulatory compliance
• Deliver against the plan of activities, maintaining and developing the Solvency II/UK validation, model risk and regulatory compliance frameworks, polices and standards.
• Consolidate results from model validation activities and present progress and findings to the relevant Committees and Boards.

• Maintain and amend the model validation scope and plan against a range of triggers events or changes within the business, supporting any major model change protocols.
• Collaborate with the Chief Actuary, Chief Risk Officer, and Head of Capital on wider review of methodology and assumptions in respect of internal models.
• Support the business with Risk and Capital Assessments for new products, businesses and propositions where appropriate.
• Monitor and report on all material validation findings across the Group to the relevant committees and boards
• Support the financial risk appetite process, with appropriate early warning indicators, triggers and limits and reporting mechanisms.
• Input into both the stress and scenario testing for the Group and the wider ORSA process.

Key Skills, Qualifications and Experience

Essential Skills and Experience

• Qualified actuary with experience in Internal Model validation

• Strong understanding of Solvency II regulations

• Proven experience within General Insurance

• Excellent analytical and problem-solving skills, with strong attention to detail

• Clear and effective communication skills, both written and verbal, with the ability to explain complex concepts simply

• Collaborative approach, with a willingness to work across teams and contribute to a positive working environment

Desirable

• Curious and eager to learn, with a passion for staying current on industry trends

Why Join Us?

• Exciting Projects: Be part of innovative projects that challenge and inspire you.
• Professional Growth: Access to continuous learning opportunities.
• Supportive Environment: Work in a supportive and inclusive environment where your ideas are valued.
• Work-Life Balance: Enjoy a healthy work-life balance with flexible working arrangements.
• Fun Culture: Join a company and team that strives to make each working day fun and enjoyable.

Please note - we may close this vacancy early if we receive lots of applications or business priorities change.

Admiral: Where You Can

We take pride in being a diverse and inclusive business. It's a place where you can Be You, and show up as you are. We’re committed to fostering a people-first culture where everyone is accepted, supported, and empowered to be brilliant. You can, Grow And Progress at a pace and direction that suits you, Make A Difference for our customers and each other, and Share in Our Future with all colleagues eligible for up to £3,600 of free shares each year after one year of service.

Everyone receives 33 days holiday (including bank holidays) when they join us, increasing the longer you stay with us, up to a maximum of 38 days (including bank holidays). You also have the option to buy or sell up to an additional five days of annual leave.

We’re proud of our people-first culture. In fact, we've been recognised as a Great Place to Work for Women, a Great Place to Work for Wellbeing, and an overall Great Place to Work for over 25 years! We’re fully committed to making sure your progression is not slowed or halted by barriers related to race, gender, age, sexuality or any of the protected characteristics.

Our fantastic benefits make sure our colleagues have a great work-life balance; You can view some of our other key benefits here.

Disability Confident Leader

As a Disability Confident Leader, for candidates with a disability or long-term health condition, that opt into the Disability Confident scheme, we’ll invite a fair and proportionate number of applicants that meet the essential requirements of the role to the first stage of our selection process.

If you need any adjustments or support with your application or during the recruitment process, just let us know. Please do email helen.hunt@admiralgroup.co.uk, contact us on  07796 062776. This number is dedicated to supporting candidates that require reasonable adjustments or support during the application process.

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