At Just we encourage a flexible and agile working environment for the majority of our opportunities. Get in touch with us to discuss in more detail.
Who are Just?
We’re a FTSE 250 Financial Services company who specialise in retirement solutions. With the defined benefit buy in / buy out space growing each year, Just continues to annually grow its business by over £4bn of assets.
We are a purpose driven company with compelling and credible goals. Quite simply, we help people achieve a better later life by providing competitive and innovative products, services, financial advice and guidance to help our customers achieve security and peace of mind in retirement.
Purpose
In this role you will help to manage and develop risk-based capital models within the Group. The role covers all aspects of capital management and modelling and includes compliance with relevant regulatory standards around data, documentation, statistical quality, calibration and validation, taking into account changes in regulatory guidance and emerging industry practice.
Job Role Accountabilities
To support the Head of Internal Model in managing and measuring the Group’s capital position, including:
* Leveraging new technologies to develop and maintain the Group’s Internal Model, to support Solvency II and IFRS balance sheets, risk appetite and the ORSA, including proposing, designing and implementing changes where necessary.
* Ensure the ongoing maintenance of a fully-documented Internal Model which complies with all Solvency II tests and standards on an ongoing basis.
* Implement first line Internal Model validation activities in accordance with the validation framework and facilitate appropriate action in response to validation findings.
* Support capital impact assessments for Group projects.
* Develop BAU processes to run efficiently and deliver robust results, so that timely information can be provided to the wider business.
* Manage more junior members of the Internal Model team.
Examples of Key Activities
* Contribute to delivery of an annual recalibration of the Internal Model risks to ensure the Internal Model remains up to date, leading work on the calibration of some of the Internal Model risk groups.
* Contribute to delivery of the annual proxy structure review.
* Drive improvements in the Internal Model using new technologies, including leading the development and transformation of some of the team’s existing tools and processes.
* Assess the capital model implications of Group projects. Identify risks, issues and opportunities that could impact the capital position. Support Project Owners to ensure projects are implemented in a capital efficient way.
* Propose and prepare analysis to support papers for the Internal Model Governance Forum (‘IMGF’) to report on the activities related to the Internal Model to assist the Group CRO to manage the model.
* Become established as a technical lead in a number of areas of the Internal Model.
Why Just?
We are committed to building a more sustainable business and have publicly committed to reduce our scope 3 emissions to Net Zero by 2050 and our scope 1 and 2 emissions to Net Zero by 2025. We encourage our people to make small and meaningful changes in their everyday lives.
Diversity, Equity and inclusion (DE&I) is a key priority for Just as part of our overall strategy. We have joined a number of initiatives including the Race at Work Charter, designed to improve outcomes for employees from underrepresented backgrounds. We also run a Reciprocal Mentoring scheme for employees from diverse backgrounds.
What’s clear about working at Just is that we care. We care about our customers, our purpose, our environment, inclusivity, wellbeing and most importantly - each other.
About Us
We’re a FTSE 250 Financial Services company who specialise in retirement solutions. A new generation of retirees needs a new kind of retirement company. A company who will look for new ways of doing things – and will always put the customer first.
We’ve built our sustainability strategy around the United Nations Sustainable Development Goals (SDG) and have selected goals where we believe we can make the most difference. By aligning our activity with these global goals, we can make sure we play our part in addressing the wider issues facing the planet.
Diversity, equity and inclusion are priorities for us. Having a diverse, talented workforce is the right thing to do. We are committed to our targets on gender and ethnicity and run a number of successful mentoring and sponsorship programmes for our colleagues from diverse backgrounds.
What’s clear about working at Just is that we care. We look forward to welcoming you to the team soon.
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