About the Role
This Assistant Manager position is an exciting opportunity within the Specialist Actuarial Assumptions and Methodology Team, part of the Actuarial Function within Insurance, Pensions & Investments Finance.
We’re responsible for designing the methodologies and models used to set credit ratings for our portfolio of loan assets backing the Scottish Widows annuity portfolio. As part of your responsibilities, you'll be involved in building and maintaining our credit rating methodologies for various asset classes, such as Project Finance, Higher Education, Social Housing or Commercial Real Estate. You'll ensure our rating approach keeps pace with changes in the external environment and the asset portfolio, as well as finding opportunities to streamline and simplify our modelling. You'll develop knowledge of the risks facing our assets and how to allow for this in credit ratings.
We'll expect you to bring experience and skills around developing, testing and documenting models and we'll support you in improving your skills. Experience in analysing or modelling corporate or structured finance credit risk would be an advantage. You'll use and develop your interpersonal skills through interaction with model users to seek their input on model design and ensure they understand how to use the models. Creativity in recommending solutions and dedication to driving delivery will set you up for success in this role.
Key Responsibilities
- Build and maintain new credit rating models.
- Write methodology and model documentation.
- Monitor portfolio experience and model performance to find opportunities for improvement.
Requirements
- Technical skills in Excel and VBA, and other MS Office tools.
- Experience of model development including design, testing and implementation.
- Understanding of fixed income credit risk.
- High attention to detail with excellent ability to manage priorities.
- Able to effectively communicate insights and results.
Desirable
- Practical experience of credit ratings (e.g. from experience at a Credit Rating Agency).
- Knowledge of structured finance.
We also offer a wide-ranging benefits package, which includes:
- A generous pension contribution of up to 15%.
- An annual bonus award, subject to Group performance.
- Share schemes including free shares.
- Benefits you can adapt to your lifestyle, such as discounted shopping.
- 28 days’ holiday, with bank holidays on top.
- Wellbeing initiatives and generous parental leave policies.
Our focus is to ensure we're inclusive every day, building an organisation that reflects modern society and celebrates diversity in all its forms. We want our people to feel that they belong and can be their best, regardless of background, identity or culture.
We were one of the first major organisations to set goals on diversity in senior roles, create a menopause health package, and a dedicated Working with Cancer initiative, and it’s why we especially welcome applications from under-represented groups. We’re disability confident. So if you’d like reasonable adjustments to be made to our recruitment processes, just let us know.
If you like the idea of joining us, please do apply!