Head of Capital Modelling, International

Reporting to: Chief Actuary

Position Type: Permanent

Hybrid working: 3 days in the office, 2 remote

Why Tokio Marine HCC?

Standing still is not an option in the current world of Insurance. TMHCC are one of the world’s leading Specialty Insurers. With deep expertise in our chosen lines of business, our unparalleled track record and a solid balance sheet, TMHCC evaluates and manages risk like no one else in the industry. Looking beyond profit, empowering our people and delivering on our commitments are at the core of our customer values, and so is a desire to grow and provide creative and innovative solutions to our clients.

Job Purpose

Lead the development, governance and strategic use of capital models across TMHCC International, ensuring they accurately reflect the risk profile of each entity, meet regulatory requirements and provide insight to support effective business and capital management decisions.

This includes ownership of the approved Internal Model for the Lloyd's Syndicate, non-approved capital models for the UK and Luxembourg entities, and the Standard Formula Catastrophe modules supporting those entities.

Key Responsibilities

• Own the capital model, including its methodology, assumptions, data, systems, controls and documentation
• Lead, develop and retain a high-performing capital modelling team
• Lead the production of regulatory and economic capital assessments
• Produce high-quality, decision-useful materials for internal governance committees and present key findings, recommendations and capital implications where required
• Own the Standard Formula Catastrophe Risk module and associated governance.
• Provide forward-looking insight into solvency requirements and the implications for capital management including dividend capacity
• Support business planning, risk appetite, capital allocation and strategic decision-making
• Lead model development, model change governance, validation remediation activities and continuous improvement initiatives.
• Ensure modelling approaches appropriately reflect the underlying risk profile while remaining transparent, proportionate and efficient.
• Maintain effective relationships both internally (e.g. with other departments) and externally (e.g. with regulators, validators, etc.)
• Develop and communicate the long-term capital modelling strategy.
• Act as the subject matter expert on capital modelling across the organisation.
• Influence senior stakeholders on capital-related business decisions and strategic initiatives.
• Ensure the capital framework remains aligned with regulatory and business developments.