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Capital Modelling Manager

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Primary Details
Time Type: Full time
Worker Type: Employee
To be finalised
Capital Modelling Manager
London / Leeds
Permanent (Hybrid)
About QBE
At QBE, we get to the heart of what matters for our customers. And we do it all with a human touch.
We’re an international insurer with more than 13,000 people working across 26 countries – which means we’re big enough for your ambitions, yet small enough for you to make a real impact. It’s an exciting time. We’re building momentum towards our vision to become the most consistent and innovative risk partner.
What if you could have a positive impact – at work and in the world? As part of the QBE team, you’ll get to spend every day working with people who are passionate, talented and kind.
Having the right to work in the UK is a requirement for this role. QBE may consider sponsorship at its discretion.
The opportunity
We're hiring a Capital Modelling Manager, who will own a risk area and manage capital model runs for our Company entities. This role sits within the Regulatory Capital team, engaging across the Capital Modelling team and working with wider stakeholders across QBE.
You'll benefit from a supportive and inclusive culture that values technical expertise, accountability, and teamwork. With flexible working arrangements and ongoing training opportunities, this position is ideal for someone who thrives in a collaborative environment.
The EO Capital Modelling team operates as a split location team across London and Leeds and therefore we welcome applicants based out of either location.
Your new role
Reporting to the Senior Capital Modelling Manager, you’ll manage actuarial processes within the Capital Modelling team.
For designated risk area / modelling area: own the parameterisation, modelling approach, validation of outputs and communication of results, supported by the Senior Manager. Manage model runs for Company entities, including reviewing for appropriateness. Collaborate with other risk area owners in the Capital Modelling team to ensure efforts are joined up. Maintain documentation relating to the internal model, regulatory requirements and reporting to governance forums. Present model updates to senior managers and to the Technical Review Group (TRG). Support submissions and responses to external regulators such as the PRA and NBB. Coach team members for success by providing guidance, feedback, and support in their professional development. Formal line management of junior team members. Collaborate with independent risk teams to facilitate thorough validation processes.
Reasons to use Rodeo
I’m in my final year doing Economics and I don’t know whether to apply for grad schemes now or do a masters first. What do you think?
Honest answer — it depends on where you want to end up. A lot of top grad schemes (Big 4, civil service, banking) don’t need a masters. Let’s look at the ones you’d be competitive for now, and we can decide if a masters actually adds anything.
Also worth knowing: most autumn 2026 applications are open now. Timing matters more than you think.
Start with a chat, not a search bar
Grad scheme, placement, apprenticeship? Not sure what you want yet — that's fine. Your agent talks it through with you and turns "I have no idea" into a shortlist.
Graduate Consultant — 2026 Scheme
Why you're a good match
StrongYour economics background and your summer at a regional bank line up with what PwC looks for on the consulting scheme. Applications close in four weeks.
See breakdownIt searches the market for you
Every day your agent scans the market matching roles against what actually matters to you, not just keywords on a CV.
Why you're a good match
You’ve got the grades and the economics background, and your bank internship is exactly the experience this scheme looks for. Apply soon — deadlines close within the month.
Experience fit
Your summer at the bank plus your econometrics coursework map directly to the day-one responsibilities on this scheme — client modelling, market briefings, and deal support.
Only hits
No noise. No "maybe this fits." Just roles with a clear explanation of why they're right — and where to focus when applying.
Must-haves
About you
Qualified actuary or qualified by experience. Tertiary Degree or equivalent combination of education and work experience.
Experience & Capability
Fully qualified actuary with General Insurance experience. Strong background in capital modelling within the General Insurance industry. Highly skilled in data analysis, with strong proficiency in Excel and capital modelling software (Igloo preferred). Proven experience in collaborating proactively with others to achieve deliverables. Knowledge of Property and Casualty insurance business would be an advantage. Clear communicator of actuarial concepts. Experience managing and developing junior team members. Ability to effectively co-ordinate processes and deliver technical analysis.
Benefits
We offer a range of benefits to help provide holistic support for your work life, whatever your circumstances. As a QBE employee you will have access to and benefit from:
30 days holiday a year with the option to buy up to 2 additional days.
Flexible working - balancing work and life is important so our flexible working opportunities are open to all, this can include part-time, job share and compressed hours.
Pension – you are automatically enrolled into the QBE pension plan, which entitles you to receive employer contributions of 10% of your basic salary.
Private medical insurance – we fund fully comprehensive private medical cover for you and all the family.
Family friendly policies – we offer 26 weeks leave at full pay regardless of gender identity, sexual orientation or how you become a parent.
Short term remote work abroad - you can request up to 20 days per year to work remotely from certain locations abroad.
Sustainable investing - we believe sustainable integration is important for long term financial, environmental, and social outcomes. Our pension strategy supports our net-zero goal to achieve year-on-year reductions in carbon footprint, by investing more in green businesses than the broader market, so your savings are looking after the planet's future, as well as your own.


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Awards & Recognition
We value our employee’s experience with us and are proud to have been recognised for the following awards:
Winner of Excellence in Diversity, Equity & Inclusion Award 2025 at the Insurance Business Australia Awards for our Respect@QBE program
Insurance Post British Insurance Awards 2025: Winner: Commercial Lines Insurer of the Year,
Winner: Reinsurer of the Year - QBE Re, Winner: ESG, Diversity, Equity and Inclusion Initiative of the Year, Winner: Insurance Personality of the Year - Chris Wallace, Executive Director UK insurance
AXCO Global Insurance Awards 2024 Winner: Network Management of the Year
Insurance Business UK 5-Star Cyber Awards 2024: QBE rated as a 5-Star Cyber Insurer
UK IT Industry Awards 2023 Winner: Green Technology Innovation of the Year
Working Dads Employer Awards 2023 Winner: Parental Policies Award
Insurance Post British Insurance Awards 2023: QBE rated as a 5-Star Employee
You can view all our awards here
Apply now and let’s make it happen!
If you’re looking for a career that combines your expertise and your empathy, click Apply today.
Your career. At the heart of it.
Skills
Actuarial Science, Analytical Thinking, Capital Management, Communication, Critical Thinking, Detail-Oriented, Financial Modeling, Financial Products, Intentional collaboration, Investment Management, Managing performance, Problem Solving, Process Improvements, Risk Management, Stakeholder Management
How To Apply
To submit your application, click "Apply" and follow the step by step process.
Equal Employment Opportunity
QBE is an equal opportunity employer and is required to comply with equal employment opportunity legislation in each jurisdiction it operates.
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