Purpose of this role
This role offers the right candidate a unique opportunity to undertake a key role for the Athora Group in the Risk Function, leading work related to stress and scenario testing, risk appetite and economic capital. With the acquisition of the Pension Insurance Corporation Group and the recently announced redomiciliaion of Athora Group to the UK, these areas need to be revisited and refreshed over the coming months. The role will work closely with one junior team member.
This role will have a high visibility in the organisation, working with teams in all business units and across Group functions. The role will have regular access to the Group CRO and output will be shared with the Group Board and regulators. This is therefore an excellent opportunity for an individual with the right skills to enhance their career.
Key Contribution Areas
Solvency risk appetite
Lead on refreshing Athora’s risk appetite on both a Bermuda EBS basis and Solvency UK, updating for the recent changes to the Group entity structure
Work with the First Line to enact the relevant model updates
Draft papers for discussion at Management and Board level meetings
Stress testing framework
Work with the First Line to define and implement a holistic approach to stress and scenario testing
Source requirements from all stakeholders and produce a pragmatic set of stress tests that meets needs
Ensure that the specification of the scenarios is meaningful and can be communicated to stakeholders in a compelling fashion
Draft relevant papers for agreement with management and Board
Economic capital
Maintain Athora’s Economic Capital framework documentation and associated standards
Undertake analysis related to Economic Capital as necessary, including standard formula appropriateness assessments, stress and scenario tests and risk appetite
Tools and technology
Support the handover of the Economic Capital tools to the First Line
Maintain the Risk Management Platform (supported by Group IT) and the Risk MI tools
Risk reporting
Contribute to the monthly and quarterly cycle of risk reporting
Answer ad hoc questions from senior management as needed
Personal Capabilities Required
Excellent communication and interpersonal skills; a strong team player at all levels, who collaborates easily and effectively across different parts of the Group and local organisations, functions, involving senior decision makers and technical experts to achieve results
Builds consensus and integrates contributions from others productively; confident to voice opinions and provide constructive challenge
Able to develop effective relationships with all areas of the business;
Commercially focussed and committed to excellence: driven to solve problems and deliver highest standards of quality; takes responsibility for implementing better ways of doing things
Able to see and shape the “bigger picture”; adds value by supporting decision makers to make the connections between different aspects of risk in the organisation, and consider the relevant implications
Strong communicator in writing, presentation, discussion and listening;
Highly organised, unbureaucratic and able to work to tight deadlines in a fast-paced environment and to manage conflicting priorities, in co-ordination with stakeholders
Flexible and with a positive attitude towards change; resilient, self-motivated – likes to be busy and helpful to others; able to comfortably navigate through ambiguity
Willing to undertake limited travel to Europe
Functional or Technical Knowledge and Skill Required
Experience working within risk management or an Actuarial function in an international business environment
Minimum 5 years in a relevant position with significant responsibility in risk management, actuarial valuation, policy setting, Solvency II (Pillars I, II and III)
Experience in working across multiple jurisdictions, and in life reinsurance, is a plus
Familiarity of the approach of prudential supervisors to governance, risk management, the actuarial function, and internal control in life insurance
Advanced qualifications reflective of a high degree of technical competence (FIA, CERA, ACA or similar)
Highly computer literate – PowerPoint, Word, Excel and also database systems, Python are advantageous
Apply By:
31-05-2026