Qualified Actuary - Internal Model Validation

Job description

Royal London is a Financial Services company with a difference. As the UK's largest mutual life, pensions and investment company, we're owned by our members and work for their benefit, not for shareholder profits. We've grown rapidly and have been recognised as one of the UK's top rated places to work.

Today, Royal London has over £170 billion of assets under management, and around 4,000 employees working in five offices across the UK and Ireland. As an organisation, they have worked hard to become experts in specialist markets, building a trusted brand, with plenty of awards to show for it.

We've worked hard to become experts in our specialist markets, building a trusted brand - and our teams have plenty of awards to show for it. Whatever team you're interested in joining and whatever role you play, we'll help you to make a difference.

AMS is a global workforce solutions partner committed to creating inclusive, dynamic, and future-ready workplaces. We help organisations adapt, grow, and thrive in an ever-evolving world by building, shaping, and optimising diverse talent strategies.

We partner with Royal London to support their contingent Recruitment processes Acting as an extension of their recruitment team, we connect them with skilled interim and temporary professionals, fostering workplaces where everyone can contribute and succeed.

On behalf of our client, Royal London. We are looking for a Qualified Actuary- Internal Model Validation for a contract until December 2026. It is based in London or Edinburgh, with an option of working remotely.

Job description - the role

Purpose of the role:

The role focuses on independently reviewing and testing the Group's Internal Model to confirm it is robust, appropriate, and meets regulatory expectations. It also involves enhancing the validation framework and conducting wider risk assurance activities to support sound governance and risk oversight.

What you'll do:

• Develop, maintain, and enhance the Internal Model Validation (IMV) framework, including policies and supporting documentation.
• Plan and execute validation activities in line with IMV policy, using appropriate tools, methodologies, and testing approaches.
• Produce detailed validation reports, committee papers, and management information (MI) for senior governance and Board oversight.
• Track and monitor remediation actions arising from validation work, ensuring timely resolution and reporting progress.
• Liaise with Internal Audit, external consultants, actuarial, risk, and compliance teams to support validation activities.
• Provide independent risk assurance on financial models, controls, and processes, including stress and scenario analysis.
• Support wider risk management activities, including risk appetite alignment, ORSA input, policy reviews, and embedding of the Risk Management System (RMS)

The skills you'll need:

• Strong business understanding and knowledge of the UK Life and Pensions industry.
• Qualified Actuary.
• Experience of IMV activity and awareness of IMV best practice.
• Strong knowledge of Solvency II in general and awareness of emerging trends in risk and capital management, capital calculation methodology and governance and framework matters.
• Ability to demonstrate challenge to senior financial professionals.
• Strong ability to communicate all aspects of IMV work, in particular the findings and outcomes within reports.

Next steps

This client will only accept workers operating via an Umbrella/PAYE engagement model.

If you are interested in applying for this position and meet the criteria outlined above, please click the link to apply and speak to one of our sourcing specialists now.

AMS, a Recruitment Process Outsourcing Company, may in the delivery of some of its services be deemed to operate as an Employment Agency or an Employment Business

Extra information

Status

Open

Education Level

Secondary School

Location

London

Type of Contract

Full-time jobs

Published at

28-04-2026

Profession type

Accountancy

Full UK/EU driving license preferred

No

Car Preferred

No

Must be eligible to work in the EU

No

Cover Letter Required

No

Languages

English