Credit Specialist (Capital Oversight)

Responsibilities

• You'll independently lead reviews of syndicate‑level capital, covering:
• Capital requirements across premium, reserve, market, credit and operational risks
• Diversification and dependency assumptions
• Key movements against benchmarks and validation evidence, including stress, scenario, back‑testing and sensitivity testing
• Your work will include annual capital reviews, major model changes, deep dives, governance reviews, IMAPs and reviews of new market entrants. You'll also contribute to thematic reviews where needed.
• Credit‑focused oversight
• As a Credit Specialist, you'll focus on syndicates with material credit exposures, typically reviewing:
• Premium risk for credit classes, market risk and their dependencies
• Methods, assumptions and expert judgement within scenario submissions
• Compliance with the Capital Principle
• You'll support COBRA reviews of systemically relevant credit syndicates, including those writing SRTs and CRTs, and work with the Internal Model team to help aggregate credit exposure across the market and assess risk to the Central Fund.
• You'll also partner with Underwriting Performance to share insights from model validation and volatility analysis.
• Working with others
• You'll be a key contact for managing agents and their actuarial teams. You'll present clear, evidence‑based conclusions to the Actuarial Oversight Review Group (AORG) and other senior stakeholders, responding confidently to challenge.
• You'll collaborate closely with teams across Lloyd's, including Syndicate Performance, Exposure Management, Treasury & Investment Management and Outwards Reinsurance. And you'll represent Capital Oversight on internal and external credit working groups.
• Wider contribution
• You'll lead projects to successful delivery and, where required, manage work areas within the wider actuarial team, including activity linked to the Lloyd's Internal Model.

Requirements

• Expertise in modelling credit risk across products such as trade credit, financial guarantee, mortgage indemnity, surety, SRTs and CRTs
• Experience with ESG methodologies, assumptions and validation
• Familiarity with Basel‑based approaches to credit risk modelling and validation
• Strong background in non‑life insurance and capital modelling
• Confidence delivering complex analysis and influencing senior stakeholders
• Strong project management and communication skills
• Comfort with tools such as Excel and SharePoint
• Qualified actuary with capital experience (desirable, not essential)
• By choosing Lloyd's, you'll be part of a team that brings together the best minds in the industry, and together with our underwriters and brokers, we create innovative, responsive solutions allowing us to share risk and solve complex problems.
• Should you require any additional support with your applicatio

Benefits

Additional Information

Lloyd's is the world's leading insurance and reinsurance marketplace. We share the collective intelligence and risk sharing expertise of the market's brightest minds , working together for a braver world. Our role is to inspire courage, so tomorrow's progress isn't limited by today's risks. Our shared values: we are brave; we are stronger together; we do the right thing; guide what we do and how we act. If you share our values and our passion to build a future that's more sustainable, resilient and inclusive, you'll find a home at Lloyd's - build a braver future with us. Lloyd's are seeking to recruit a Credit Specialist (Capital Oversight) join our Capital Oversight team, bringing deep expertise in credit risk to help oversee current and prospective syndicates with material credit exposures. This is a senior, influential role. You'll combine technical judgement with a market‑wide perspective to strengthen resilience across Lloyd's.

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