* Engaged by Amlin to project manage, redesign and author a yearly Lloyds' ORSA regulatory
return in Word, engage with risk owners in the business in conducting risk analysis "deep
dives" on insurance risk, investment risk, credit risk, liquidity and operational risk.
Review/ re-author the main Internal Model documents and the re-author the IMAP Submission.
Contribute to the development of regulatory procedures by identifying areas of weakness and
making suggestions for improvement. Work with the Head of Actuarial, CRO and Board in linking
the strategic goals of the firm as well the requirements of the ORSA from a regulatory
perspective. Work with IGLOO and actuarial methodologies. Include current IFRS and future IFRS
* Considerable stakeholder and face-to-face Lloyds of London regulator engagement.
Barclays Capital - Internal Model Risk Governance Consultant
* Engaged by Barclays Capital to design and implement a globally compliant Internal Model
Validation TOM and framework and complete 3 Line of Defence Lifecycle including Line 1 Control
Reports, actuarial tests and UAT, internal model scope, reporting, behavioural profiles,
internal model controls, expert judgement framework and validation of policies / standards for
a new global internal model: QRM. ICAAP reporting
above. Compliance monitoring of regulatory procedures that may impact delivery of the project.
Legal and General - Group IMAP Submission, Methodology and Technical Standards Lead
* Engaged by Legal and General as Group IMAP Submission, Methodology and Technical Standards
Lead. Prepare and develop a detailed Internal Model Application Process (IMAP) Submission for
approval within Legal and General (L&G) Group; ensuring the Submission is compliant with the
Solvency II regulations, is approved by FSA and then meets L&G's on-going regulatory
requirements. Reporting to the Group Internal Model Director, the IMAP Submission Lead updated
the IMAP Submission in line with the regulations and incorporate L&G's commercial needs
The principal accountabilities included:
* Provide high quality technical compliance and analytical support to the Group Internal Model
Director assessing and monitoring current and proposed regulations and potential
Internal Model including Internal Model Governance strategies and policies;
* Design and develop an IMAP Submission, preparing a document, which will be presented to the
Group Risk Committee/Group Board. Report progress to the Board on a fortnightly basis.
* Act as the subject matter lead for the IMAP Submission project, ensuring that the Application
being delivered will obtain FSA approval in November 2012. This will involved:
Face to face engagement with the FSA as required to achieving FSA approval of the Group
Completing definitions of the actual processes, responsibilities and reporting as required
to prepare a
complete, accurate and appropriate IMAP Submission for the Group
deliver the approved Submission before 30th November 2012
accurately describes the Group's operational environment and meets the prerequisite
requirements of a successful IMAP Submission
Policy, the Internal Model Change Policy, Data Management Policy, Expert Judgement,
Materiality Standards, Aggregation and Attribution Policy, Calibration Standards, Profit and
Loss Attribution Standards and Statistical Quality Standards as required for inclusion in the
accountabilities. This included identifying and resolving any technical issues, gaps in
documentation or methodology as they arise by coordinating SMEs from different areas through
workshops. Report any potential impacts to PMO
of technical issues
Group's IMAP Submission as and when required
The IMAP Submission Lead provided in-depth technical knowledge and expertise to lead the oversight
process for the Group Internal Model on a technical basis. This requires changes and updates of the
Group Internal Model for insurance (actuarial) risks, market risks, credit risks, operational risks
and liquidity risks
The IMAP Submission Lead provided subject matter expertise required to ensure effective
implementation and operation of the IMAP Submission after the completion of the Solvency II
Programme. The IMAP Submission Lead also provided expertise on the Solvency II European Directives
and how to apply them in a broad business context. Utilise their wider business knowledge/experience
to develop the Group's Internal Model strategy. They will be able to work with the businesses to
ensure insurance (actuarial) risks, market risks, credit risks, operational risks and liquidity
risks are being effectively covered within the Group's approved Internal Model. Lead a team of 14
Co- Operative Bank - Executive Risk Management Consultant
* Engaged by Co-op bank to design, implement and project manage a new Operational Risk
Framework (including conduct risk) for Operational Arrears Management (arrears and collections
for mortgages and current accounts) in Customer Operations in 1st line of defence to BIPRU /
MIPRU/ lending/PSR/Anti-Money Laundering and PCI standards
NFU - IMAP Submission and Validation Lead
* Engaged by NFU (for GI and Life) to review as IMAP Submission and Validation Lead, write and
update the actuarial Internal Model policies (including EJ) and framework to enable the Board
to BAU and sign off the Solvency 2 framework. Work with Life and GI Actuarial teams in
NFU - IMAP Submission and Validation Lead (Contact Extended)
* Engaged by NFU as IMAP Submission and Validation Lead to deliver an Internal Model Validation
TOM and framework and complete 3 Line of Defence Lifecycle including Line 1 Control Reports,
actuarial tests, internal model scope, internal model controls, and validation of policies /
standards and IMAP application. This is also included a redraft of the Data Quality Policy,
internal model flowcharts, description of databases and construction, Data Dictionary, Data
Interfaces, Data Loading Processes (ETLs), Data Consistency controls, filters to debug
databases, security and maintenance in data warehouse solution and looking at the materiality
impact on the IMAP application.
Rothschild Securities compliant to Basel III, BIPRU and CVA standards to assess their ICAAP
* Engaged by Nile Blue GRC to design and implement a compliant Conduct Risk framework for a bank
and an insurer feeding through to the financial institutions Capital Assessment Framework and
Conduct Risk Appetite.
* Engaged by Ecclesiastical Insurance as IMAP Submission and Validation Lead to create TOM for
IMV to facilitate IMAP Submission, Defined current and desired capability using Proof of
Concept and Case Based Reasoning; built and authored validations, policy and standards;
designed detailed process guide; collaborated with actuaries to build validation tools to
prove accuracy of Internal Model; created validation report; trained and audit teams; and
secured Board sign-off. Succeeded in delivering a robust IMV Framework that facilitated IMAP
Submission and secured FSA approval.
* Engaged by Legal & General as Senior Internal Auditor in an Advisory capacity.
* Engaged by Mazars LLP to Lead IMAP Submission and define the risks of delivery surrounding
ORSA to determine if their RMS was fit for ORSA purposes.
* Engaged by RSA to act as UK IMAP SME Lead, develop system of Governance Framework and author
Risk Strategy, Capital & Risk Appetite and Risk Management Framework documents. Also worked on
Use Test, Emerging Risks, ORSA and Internal Model Validation.
* On all assignments, interpreted regulations and provided expertise to client's Internal Model
Governance, Internal Model Change, Data Management and Aggregation & Attribution policies, as
well as Materiality, Calibration, P&L Attribution and Statistical Quality Standards.
* Incorporated Solvency II design and technology architecture into client's IMAP Submissions.
AVIVA EUROPE (BASED IN PARIS & DUBAI)