AVP, Risk, Europe at Pacific Life

London, England, United Kingdom

Apply Now

Not SpecifiedCompensation

Senior (5 to 8 years), Expert & Leadership (9+ years)Experience Level

Full TimeJob Type

UnknownVisa

Insurance, Reinsurance, Financial ServicesIndustries

Requirements

Relevant professional qualification, preferably with 7+ years’ relevant business experience
Preferably an understanding of risk management frameworks and how to implement and maintain them
Preferably an understanding of the use and implementation of economic capital models
Preferably an understanding of actuarial processes and requirements, including assumptions and modelling
Preferably an understanding of relevant aspects of the regulatory environment and financial reporting standards
Showcasing appropriate behaviours in decision-making, engagement with internal and external parties, and ensuring risk and compliance culture is appropriate
Demonstrates an appropriate level of technical skills for their role and an appreciation of current issues affecting their profession and the life reinsurance industry
Values diverse perspectives and fosters an environment where all voices are heard
Ability and confidence to constructively challenge colleagues at all levels, and a willingness to thoughtfully question existing practices
Ability to communicate complex concepts and information to a variety of audiences

Responsibilities

Engaging in key decisions where second line oversight is required including transaction reviews, material projects and assumption governance
Representing the Risk Function on relevant leadership forums, in particular the Europe and North America Market Leadership Committee and the UK Branch management committee, and providing expert advice on risk-related matters
Monitoring, validation and analysing economic capital requirements
Developing appropriate stress and scenario analysis to derive meaningful insights
Carrying out ‘second line’ risk management including risk identification, monitoring and assessment, and providing risk management tools and guidance
Leading delivery of the Own Risk and Solvency Assessment (ORSA) or equivalent
Oversight of the risk management system and associated reporting metrics
Developing risk framework, including introduction of new limits and policy refinement
Overseeing the implementation and ongoing compliance with the risk management framework, including recording and investigating operational events and supporting a strong risk management culture
Reporting to appropriate RIBM and Pacific Life Re Division bodies
Representing Risk on the Europe and North America Market Leadership Committee
Fulfilling the UK branch ‘SMF 4 – Chief Risk’ regulated responsibilities
Reporting to the Global VP, Risk
Supporting oversight and monitoring of an effective risk management framework and ensuring a consistent and risk-focussed approach is used to assess and implement key initiatives
Contributing to key strategic and operational decisions for the business, in particular the Europe and North America regions
Providing objective advice on and effective challenge to activities and decisions that may materially impact the Division’s risk profile and reporting to the Division Risk Management Committee (DRMC) and relevant boards and committees as necessary

Skills

Risk Management

Risk Framework

Transaction Review

Assumption Governance

Regulatory Compliance

SMF 4

Leadership

Stakeholder Engagement

Project Oversight

Reporting

Pacific Life

About Pacific Life

Newport Beach, CaliforniaHeadquarters

1868Year Founded

$189.4MTotal Funding

N/ACompany Stage

Fintech, Financial ServicesIndustries

1,001-5,000Employees

Benefits

Health Insurance

Paid Vacation

Paid Parental Leave

Adoption Assistance

401(k) Retirement Plan

401(k) Company Match

Risks

Increased competition in annuities market from companies like Prudential and MetLife.

Potential financial exposure from significant real estate investments.

Integration challenges with Selerix could affect customer satisfaction.

Differentiation

Pacific Life partners with T. Rowe Price for innovative Lifetime Income solutions.

Recognized as a top community-minded company, enhancing brand reputation and trust.

Real-time integration with Selerix improves benefits administration accuracy and efficiency.

Upsides

Lifetime Income solution attracts clients seeking secure retirement options.

Enhanced annuity products offer flexibility and growth, increasing product attractiveness.

Strong real estate financing position opens more sector opportunities.

Land your dream remote job 3x faster with AI

Try Jobo Free