Financial Risk Consultant

Resource Management
14 Oct 2016
20 Oct 2016
Contract Type
Full Time

Financial Risk Consultant

Royal London is the largest mutual life, pensions and investment company in the UK, with Group funds under management of ??84.5 billion. Group businesses provide around 9.1 million policies and employ 2,988 people. (Figures quoted are as at 31 December 2015).

Founded as a Friendly Society in a London coffee shop in 1861, Royal London started out with the aim to help people avoid the stigma of a pauper's grave. Since then we have been helping people help themselves and are committed to delivering the best value for customers and putting members first. Our vision is making mutuality meaningful by becoming the most trusted and recommended financial services company.

We have an exciting newly created permanent opportunity for a Financial Risk Consultant to join the Group Risk and Compliance function in Edinburgh or Wilmslow. The Financial Risk Consultant will challenge and provide guidance on the management of financial risks and review Solvency II documents and maintain the documentation standards framework.


  • Contribute to the development and maintenance of the framework within which Internal Model Validation (IMV) is carried out.
  • Maintain and update long-term and short-term plans for IMV and other activity.
  • Contribute to validation of the calculation of the Group's capital requirements, including the methodology, data and calibration, in support of the preparation of IMV reports.
  • Contribute to the development and maintenance of a risk assurance framework for financial risk management, processes and controls.
  • Contribute to risk assurance relating to the first line's management of financial risks and the associated processes and controls.
  • Contribute to reviews of Solvency II documents so that they meet documentation standards and Solvency II requirements.

Key Skills:

  • Nearly qualified or newly qualified actuary.
  • Good communication, presentation, report writing, explanation and influencing skills.
  • Excellent problem-solving approach and analytical skills, in particular in relation to financial information.
  • Excellent PC skills including in particular Excel and Word.
  • Understanding of Solvency II in general and of risk and capital management.

For any further queries regarding the role, please contact Erik Snaathorst on (see below)