At Lloyds Banking Group, we're driven by a clear purpose - to help Britain prosper. Across the Group, our colleagues are focused on making a difference to customers, businesses and communities.
With over five million customers, and having celebrated our 200th anniversary in 2015, Scottish Widows is one of the UK's most trusted Life, Pensions and Investments providers.
We want to ensure this success continues and grows, and in Insurance and Wealth we contribute to this success by providing critical services to our customers and supporting them with their Insurance needs, whilst ensuring the customer is at the heart of our business.
The Group is striving to be the best bank for customers and to help Britain prosper. We're all responsible for the long-term success of the company - through our individual roles, activities and achievements. Here in Insurance and Wealth we provide critical services to our customers, supporting them with their Insurance needs, along with a focus on ensuring the customer is at the heart of our business.
Could you help us make this possible?
This is an exciting opportunity for an individual with extensive experience and specialised knowledge to join the Weather Modelling Team at LBG General Insurance, to help us deliver market-leading modelling of UK weather risk. You will join a small team of experienced peril specialists with varied backgrounds and a shared passion for delivering high quality, science-driven modelling of risk.
Your accountabilities will include;
Working with the team to develop the LBG view of risk for weather perils for capital and pricing purposes;
Solvency II standard Model Validation of catastrophe models;
Evaluation of model performance, and identification of improvements following weather event occurrence;
Providing technical leadership in the team on specific areas of expertise;
Working with the team to deliver climate-related stress-testing and to interrogate the baseline view of risk against climate trends;
Communicating results to various stakeholders across the business;
Liaising with third party vendors;
What we'll need from you;
A deep understanding of probabilistic catastrophe risk modelling
Specifically: extensive demonstrable years+ experience in probabilistic catastrophe risk modelling of weather perils
Excellent quantitative and coding skills.
A PhD in a related discipline, experience developing UK weather models, or experience working with market-leading probabilistic catastrophe risk models in an operational environment desired.
You'd get a benefits package that includes;
A performance related bonus
Generous pension contribution
30 Days leave plus bank holidays
A flexible cash pot (4% of base salary) to spend on benefits
Private health cover
We're dedicated to giving you opportunities and support to develop you both expertly and personally to optimise your potential.
As a new colleague, you'll join us on our journey to build a 21st century bank that reflects modern Britain, and craft an inclusive culture where all colleagues feel encouraged and valued.
We're committed to building a workforce which reflects the diversity of the customers and communities we serve, and to building an inclusive environment where all our colleagues can be themselves and succeed on merit. We support the principles of agile working and are happy to consider flexible working arrangements. We're an equal opportunity employer and deeply value diversity within our organisation.
Together we make it possible.