Internal Model Validation And Risk Management Actuary (JG 5)

Job Description

Who are we?
Santam is the market leader in the general insurance industry in Southern Africa. We are a large, diversified, expanding and transforming company and whilst based in South Africa, we are rapidly moving into a number of emerging markets, both in Africa and Asia. Our success is rooted in our passion for our clients and everything we do is centred on our delivery of Insurance Good and Proper. What will you do?
We are looking for a qualified actuary to head Santam’s internal model validation function and participate in the quantitative aspects of ERM for the Santam Group and its subsidiaries.
This is a unique opportunity to get involved with a leading non-life insurance company that has an approved internal model. You will be responsible for all aspects of internal model governance and validation.

PRINCIPLE ACCOUNTABILITIES INCLUDE:
To take overall responsibility for internal model governance, including the execution and regular review of all related frameworks and policies.
To regularly perform an independent validation of the internal model, including all major and minor changes, in accordance with the Internal Model Validation Framework and Internal Model Change Policy.
To regularly analyse the performance of the internal model, and report on its performance, changes and development to the Santam Board and Prudential Authority.
Through the independent validation process, suggest areas for improvement and report on the status of efforts to improve previously identified weaknesses.
With regards to risk management, the principle responsibility of the role will be to develop and maintain an effective system to identify, assess, manage and monitor risk at Santam and its subsidiaries. What will make you successful in this role?

Responsibilities + Skills

Strong technical skills and software abilityEffective report writingStrong communicator

Education

Qualified actuaryCERA qualification would be of value

Experience

Model validation / Model governanceKnowledge of the SAM frameworkUnderstanding of capital modelling and reinsuranceExperience in aspects of ERM

Job Summary

  • Published on: Saturday, 30th November 2019
  • Designation: Internal Model Validation and Risk Management Actuary (JG 5)
  • industry: Miscellaneous
  • Vacancy: 1
  • Employment Status: Full-time
  • Job Location: cape town
  • Salary: not
  • Gender:
  • Application Deadline: Saturday, 30th November 2019

About the Company

  • Company Name: Sanlam.
  • Address: PO Box 1. Sanlamhof 7532. Street address. Sanlam Head Office, 2 Strand Road
  • Website: www.sanlam.co.za
  • Company Profile:
  • Charlize Theron may have run away to Hollywood, but the Sanlam Group keeps its star power at home in South Africa. Targeting middle-market and affluent clients, the company provides insurance and wealth management services. Major segments are life insurance (including annuities and other investment products) and short-term insurance (property and casualty coverage sold through majority-owned Santam). The company has been expanding its investment business through segments including Sanlam Investment Management, its Octane hedge fund of funds, and its SIM Emerging Markets, which focuses on African economies.

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