Senior Actuarial Specialist (Financial Services / Insurance / Risk / Actuarial) – Cape Town, South Africa

Location: Cape Town, South Africa
Date Posted: 05-12-2017
Reference: THJ

Job Description:
Our client, a leading financial services institution is seeking a Senior Actuarial Specialist to join their team.

Responsibilities:
 
Risk and Capital Reporting pertaining to Credit Risk
  • Liaise with input providers from various entities within the Group, including asset management and banking businesses.
  • Check the quality and reasonability of credit risk input data received.
  • Consolidate the Group’s credit risk results as input into the internal capital model.
  • Calculate the credit risk components of the Company and Group SCR for SAM and Solvency II.
  • Consolidate the Company’s banking regulatory capital requirements.
  • Summarise the Company’s credit risk results in the agreed formats and assist with drafting the Board and Committee papers pertaining to credit risk.
  • Provide credit risk information
  • Maintain the process diagrams and documentation underlying the company’s credit risk calculations
  • Provide credit risk information as required by rating agencies and regulators from time to time.
 
Stress and Scenario Testing
  • Provide input to determine the appropriate parameters for stress and scenario testing for both institutional and retail credit risk.
  • Liaise with the Groups credit risk entities to conduct stress and scenario testing and review the results for reasonability.
  • Enhance the regulatory (SAM) stress and scenario testing methodology and model where appropriate.
 
Business Planning
  • Understand the drivers, risks and management actions implicit in the credit risk business plan, with a particular emphasis on producing capital and risk exposure projections.
 
Thought leadership for Credit Risk Modelling
  • Work with the line 1 & line 2 credit risk specialists to align the methodology, models and processes for calculating regulatory and internal capital requirements and risk exposures.
  • Improve and automate existing credit risk reporting processes with the aim of improving overall efficiency.
  • Assist with ad hoc regulatory requests and Managed Separation project work relating to credit risk.
 
Requirements: Qualification and Skill
  • Completed at least 11 actuarial exams or have a similar financial qualification
  • 4 years’ actuarial or similar experience
  • Credit risk or BASEL III experience
  • Strong business acumen
  • An individual who has strong analytical skills, excellent communication skills and the ability to interact effectively with people at all levels of the organisation
  • A highly motivated and energetic self-starter who is good at working with complex tasks under tight deadlines.
If you wish to apply for the position please send your CV to Darrin Grey: darrin@caglobalint.com.

Please apply directly, by clicking on the ‘apply button’ and visit www.caglobalint.com for the latest CA Global jobs.
 
Darrin Grey
Executive Headhunter and Finance and Banking Recruitment Consultant
The CA Global Group
 
Should you not receive a response in two weeks, please consider your application unsuccessful. Your CV will be kept on our database for any other suitable positions.
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