Actuary: Internal Model Validation and Risk Management
Cape Town, Western Cape

• 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 analyze the performance of the internal model, and report on its performance, changes and development to the 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 and its subsidiaries.
QUALIFICATIONS, SKILLS AND EXPERIENCE REQUIRED:
• Qualified actuary
• CERA qualification would be an advantage
• Model validation / Model governance
• Knowledge of the SAM framework
• Understanding of capital modelling and reinsurance
• Experience in aspects of ERM
• Strong technical skills and software ability
• Effective report writing
• Strong communicator