Senior Financial Risk Actuary

Job Description Summary

Job Description

Senior Financial Risk Actuary

Permanent

Location:  Edinburgh (We believe in the power of in-person collaboration, and our hybrid model requires colleagues to be in the office a minimum of 40% of their time)  

Salary: A competitive salary from £69,760 - £104,640 depending on the experience you can bring  

Closing date: 19 May 2025 

We’re the UK’s largest investment platform, and we put financial wellbeing at the heart of our organisation. We work with customers, financial advisers and employers to provide pensions, savings and investment solutions.  

We help people live their best lives. We help them with the big stuff, for the moments that matter: Pensions, Savings, Investments. At Aegon, we strive in creating a diverse organisation that plays a meaningful role in driving greater equity, inclusion and belonging. 

We have an exciting opportunity for a qualified actuary to join our Prudential Risk Team within the UK Risk function. Reporting to the Prudential Risk Director, you will play a vital role ensuring that Aegon UK manages its Prudential Risks in a manner consistent with the identified and agreed risk appetite. 

You will lead the oversight and challenge of specific capital, liquidity and investment risk management proposals, independent validation of assumptions and models and drive robust monitoring and reporting of risks to allow the business to grow profitably.

Key Responsibilities include:

• Supporting the Validation Framework, leading deep dive reviews into models and reporting findings to the Model Validation Committee

• Leading risk oversight reviews of Solvency II results, capital management, asset management and investment activity, with-profits and pricing as agreed in detailed goals

• Taking a leading role in other ad-hoc and less regular Prudential Risk work, examples include Risk Appetites, Medium Term Plan, ORSA and ICARA.

We’d love to hear from you if you have:

• Relevant professional experience and a qualified actuary (IFoA or equivalent)

• Strong analytical skills with an ability to communicate complex concepts effectively, both verbally and in writing to a wide range of audiences

• Sound judgement and pro-activity to operate independently, act on own initiative, plan and prioritise work to achieve deliverables.

• Ability to objectively analyse and interpret a wide range of information and appropriately challenge assumptions and proposals

• Knowledge of financial markets and the PRA and FCA regulations

What’s in it for you?

• A non-contributory pension between 8%-12%

• A discretionary bonus, depending on personal and company performance

• 38  (depending on level) days leave per year (including bank holidays, pro-rated for part-time)

We also offer private medical cover, life assurance, critical illness cover, enhanced parental leave and a variety of lifestyle benefits to help our employees live their best lives, including retail discount vouchers, cycle2work scheme, subsidised restaurant and online GP appointments. To find out more about what to expect at Aegon click here.

Don't miss out on this opportunity to grow with us. Apply today!

The legal bits 

We’ll need you to confirm you have the right to work in the UK. If we offer you a job and you accept, there are some checks we need to complete before you can start with us. This will include a credit and criminal record check, as well as providing satisfactory references.