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JPMorgan Life Limited (JPMLL) - Actuary - VP (Part-time)

Req #: 170081443
Location: London, ENG, UK
Job Category: Asset Management
Job Description:

 

Vice President – JPMorgan Life Limited – Actuary

Part time 2.5 days / week


J.P. Morgan Asset & Wealth Management, with client assets of $2.4 trillion, is a global leader in investment and wealth management. Its clients include institutions, high-net-worth individuals and retail investors in every major market throughout the world. The division offers investment management across all major asset classes including equities, fixed income, alternatives, multi-asset and money market funds. For individual investors, the business also provides retirement products and services, brokerage and banking services including trusts and estates, loans, mortgages and deposits.


JPMorgan Life Limited (JPMLL) is a registered limited liability life insurance company and is authorised to issue unit-linked policies to both UK defined benefit and UK defined contribution pension schemes.  JPMLL is a Prudential Regulatory Authority (PRA) Category 4 Firm within the JPMorgan Asset Management International group and has no other business activities.  It is a solo entity for Solvency II purposes.  JPMLL’s book of business consists entirely of policies with institutional customers for the provision of investment management on a wholesale basis through the use of unit-linked funds specifically designed to accept money from the trustees of registered pension schemes, or other life insurance companies wishing to add JPMLL funds to the fund range offered to their own pension scheme policyholders.  JPMLL does not market or sell any products to retail clients.


Key aspects of the role

  • Providing in house actuarial knowledge, expertise and advice to our bank-owned Life Insurance company
  • Overseeing the service of our outsourced actuarial service provider

  • Maintaining an open and positive relationship with our Chief Actuary (outsourced) including regular meetings

  • Leading on the actuarial vendor relationship in all aspects (contractual, financial etc)

  • Challenging and validating input from the actuarial service provider

  • Partnering with the Finance department on actuarial and financial matters, in particular Solvency II regulatory reporting and capital adequacy calculations

  • Providing input, and coordinating the provision of input, into regulatory documents such as the SFCR and ORSA

  • Ensuring compliance with regulatory requirements, appropriate management of risk and escalation of issues

  • Supporting the Boards of Directors, Senior Managers, Senior Insurance Managers and Key Function Performers to enable them to perform their duties efficiently and effectively

  • Oversight of service providers and key operational processes to ensure that clients receive the best possible standards of service in an effective risk and control environment

  • Inputting into regulatory reports, specifically for JPMorgan Life Limited: ORSA, SFCR and RSR

  • Documenting governance arrangements for intra-group and external service providers

  • Defining and identifying risks and controls and documenting them in the RCSA process

  • Managing  or contributing to any projects or initiatives

  • Ensuring that any regulatory changes, market developments or industry consultations are captured and addressed

  • Drafting or co-ordinating responses to any requests for information from regulators, auditors, project teams and other parts of the firm 

  • Providing input and advice to Vendor Management on due diligence activity and contractual arrangements for service providers 

 

Attributes

  • Qualified actuary - Associate or Fellow of the Institute and Faculty of Actuaries  

  • Understanding of life insurance companies and/or the pensions industry

  • Awareness of life insurance regulation, including Solvency II

  • Ability to manage a vendor at a distance

  • Understanding of financial matters and regulatory reporting requirements

  • Understanding of governance requirements and regulatory landscape

  • Ability to contribute effectively to projects and other firm-wide initiatives


 

Personal qualities

  • Confident communicator at all levels, and able to gain respect of senior management

  • Good judgement and decision-making

  • Able to build relationships and bring together resources across the business to work as a team

  • Able to challenge and influence others

  • Ability to multi-task and balance priorities

  • Resilient and calm under pressure

  • Strong attention to detail

  • Client-focused

 


 

JPMorgan Chase & Co. offers an exceptional benefits program and a highly competitive compensation package. JPMorgan Chase& Co. is an Equal Opportunity Employer.

 

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