As an actuary in the Wholesale Insurance Department, you will have an individual portfolio of regulatory work, supporting supervisors, primarily in five areas:
· Reviewing firms ICA submissions
· Assisting in a firm's Risk Assessment (for instance assessing a firm's reserving process)
· Assessing business plan projections, for example as part of an authorisation application
· Reviewing firm's reserves and reinsurance programmes
· Advising on regulatory decisions, such as transfers of business and changes of control
As a member of the wholesale actuaries team, you will also be actively involved in the development and promotion of the team, including:
· Maintaining and promoting effective working relationships with colleagues in other business units and external bodies
· Liaising with various groups within the FSA including Authorisations, Enforcement, Policy, General Counsel and supervisors (insurance and non-insurance)
· Supporting and providing training, formally or informally
· Contributing to projects and thematic work
· Keeping up to date with developments in the industry and providing thought leadership in key areas