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Solvency ii Jobs
from the Solvency ii Association,
the largest Association
of Solvency ii Professionals in the world
It is going to be a busy period for
everybody, starting from the supervisors. If you google
"solvency ii jobs", you will be very surprised. There are many 6
figure jobs (permanent jobs) and great contracts that pay
700-100 GBP per day.
Surprise: There are several jobs outside
the EU, in countries that have decided to become Solvency ii
equivalent, or international groups and insurance/ mixed holding
companies.
Question: What is common
in the following job openings?
A. Finance Director
120,000-160,000 + bonus + bens, Copenhagen Denmark
B. Managing
Consultant – Regulatory Strategy, Risk & Compliance £90k London,
Edinburgh, United Kingdom
C. Senior Manager - Advisory $160k
tax free Dubai, UAE
D. IT Project Consultant £100,000 London,
Manchester & Edinburgh, UKs.
Answer: The above jobs require understanding of the Solvency
ii directive and framework
According to CEIOPS (Report on
the Preparedness of Insurance Supervisors to implement Solvency
II, June 2010), one of the main challenges for supervisors relates
to the development of appropriate staff (number/type/competences),
with an expected increased number of staff of 20% by the date of
entry into force of Solvency II (December 2012).
Most
countries however have indicated difficulties in recruiting staff
with Solvency II knowledge, due to competition in the market, as
the industry can offer better remuneration packages to recruit
skilled staff.
According to CEIOPS, work on the
implementation of Solvency II is an unprecedented complex and
challenging process in the area of insurance supervision: It is a
long process that, started well in advance of the adoption of the
Solvency II Proposal in July 2007, is proceeding at an increasing
pace, involving a change in mentality, competences, covering all
the different areas/sectors of the supervisory authorities,
demanding resources and often implying reorganisation.
Have you visited totaljobs.com, londoncareers.net,
jobs.trovit.co.uk, itjobswatch and other similar sites? In the
middle of the market crisis there are many Solvency ii jobs, and
very few Solvency ii professionals... and the average maximum
salary or fee is great.
Example: Solvency II Data / Solutions Architect
Region: London
Salary: £700 per day
Job type:
Contract
A Senior
Architect/Consultant with Solvency II experience to work with a
leading consultancy on site at a large financial organisation in
the city.
Clearly the role requires an individual with
previous financial industry experience and ideally having worked
through a consultancy previously. (Top 5 consultancy is even
better!)
With an understanding of retail and wholesale
banking and risk you will have strong Solvency II experience
acquired as a Data or Solutions Architect.
A snapshot of the duties are as
follows:
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Delivery of Outline Solution
Designs and end to end designs covering business process,
application, data and technology architecture
-
Validation of the functional and
non functional requirements
-
Documenting the current
architecture and target architecture with the relevant
transition states
-
Identify the transition state
requirements and any changes to the Legacy systems to support
the integration
-
Ensuring that the overall
solution is in line with EA strategy and standards
-
Validated list of application
components and their correct placement within the overall
architecture
-
Data Architecture, Workflow
-
The ability to communication
clearly and at the right level with senior business colleagues
-
Demonstrate thorough
understanding of business imperatives and requirements for the
project and its contribution to the business
-
Demonstrate effective leveraging
of virtual team across Group IT and proactive leadership in
project execution issues
-
Demonstrate awareness and
compliance with project processes (resourcing, methodology,
governance etc)
-
Demonstrate effective
identification and documentation of architecturally aligned
solutions, highlighting tradeoffs where appropriate
-
Drive business and technology
simplification and innovation into the business.
The
role will be 3 months initially although this could be
extended to 6 even before you start.
Example: Solvency II project Specialist
Job type: Permanent
Region: London
Area: City of London
Salary: £70000 to
£100000 per annum plus benefits
Solvency II project role working with a
cutting edge London Market insurer in an outward facing,
challenging role where you will be responsible for creating
Solvency II documentation as well as the implementation of the
organisations Solvency II visions and plan.
A
flavour of the type of background we are seeking:
-
Lloyd's and London Market knowledge and experience
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Solvency II/Capital Adequacy knowledge and experience
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FSA understanding
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Risk Management knowledge and
experience within Basel II or Solvency I/II
You
will primarily support the Chief Actuary of this group and you
will have a heavy involvement with Solvency II and become a
specialist in this field and you could come from a Risk Officer or
Financial Accounting background as well as a Project Management or
Solvency II Risk Analyst background.
Example: Solvency II Program Manager
Job type: Permanent
"The Solvency II Program Manager role entails the management and
coordination of activities, including both interaction with external
bodies and development of internal capabilities.
Additionally the role includes providing
analytical support and coordination for the risk management
section in the company’s annual financial statements.
KEY TASKS
-
Coordination of group activities
regarding solvency II
-
Monitoring the developments of the issues
-
Contribute to the provision of regular information to management on
recent development and potential impacts on the group
-
Coordinate the company position on these issues
-
Program management of company activities in close cooperation with
the program leaders and key stakeholders
-
Contribute to the development of the company’s internal capital
modelling capabilities to meet Solvency II standards going forward
Example:
Solvency II implementation expert
Location:
London
Job type: Permanent
Description
A leading consultancy firm is looking is recruiting a
senior solvency II risk/compliance consultant
in a view that he/she would advise the
firm's growing client list on their solvency II strategy, framework,
methodology and limits.
The position would work on a
project basis with different clients until full implementation of
the necessary improvements and updates.
This position would suit anybody with a strong commercial mind,
a candidate who is looking to become an expert
in the area of risk and compliance and looking to get an in-depth
look at how different organizations do Solvency II.
The clients would be more insurance
and retail related than investment banking. Therefore there would be
an opportunity to learn more about a high growth area even in
current markets.
Example:
Solvency II Analyst
Location: UK
- London
Compensation: £65,000
Position Type: Employee
Employment type: Full time
This is an exciting position to
work on in the Group function of a leading UK
Financial Services Provider with GI, Life, Healthcare and Asset
Management products on the implementation of Solvency II.
Ideally you will have a background in the Insurance sector;
consulting and/or commercial. Either have exposure to ICAS or
Solvency II from a models and realistic Valuations. Also have
knowledge of prudential regulation and EU
political environment.
You must demonstrate excellent oral and written skills with the
ability to think around solution solving and project management.
Example:
Solvency II / risk management consultant
Location:
Stockholm
Type: Contract
Main tasks are:
- Implementation of Solvency II.
- Interview stakeholders.
- Gather data and analyze consequences to business processes by
implementing the Solvency II framework.
Required skills are:
- A minimum of 2 years professional experience.
- Some experience about Solvency II.
Solvency ii careers and jobs in the middle of the crisis
The ideal candidates must have at least some knowledge in Solvency
ii and experience in risk management
Receive the New Member Orientation
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Understand Solvency II
You will have the opportunity to learn what members
registered before you have already learned. Understand better
the Solvency II Directive, the environment, the projects, new
jobs and careers, challenges
and opportunities.
Which
are the benefits of the certification?
Certificates can benefit
employees, consultants and organizations
Pay-raise, promotion, or new job?
According to all certification surveys:
1. Many certified professionals have received a
pay-raise as a result of earning
a certificate
2. Many certified professionals have received a
job promotion as a result of
earning a certificate
3. Many certified professionals have received a
new job as a result of earning a
certificate
4. Many certified professionals have
secured the best jobs,
especially in IT departments
5. Almost all certified professionals have said that
their certifications have definitely helped
them to distinguish themselves and raise them above their peers.
This was especially obvious in the comparison of annual
salary increases, job promotions and career opportunities.
Benefits for Employees and Consultants
1. More money
Several recent salary surveys reveal the power of certification to
boost income.
These surveys show certified professionals earn more money than
non-certified professionals.
2. Better position
Certification is important when being considered for a promotion or
other career opportunities.
You give the necessary assurance that you have the knowledge and
skills to accept more responsibility.
3. Better job
It will be easier to move into more desirable positions.
The certificates will differentiate yourself from your
competitors.
4. Professional credentials
Certification is an advantage on your resume, serving as a
third-party endorsement to your knowledge and experience.
Certification and training listed on your resume demonstrates your
ability and your desire to stay current.
Benefits for Organizations
1. Independent evidence
Our certifications serve as independent evidence that you have the
skills required to understand and support risk and
compliance projects.
2. Job satisfaction
Certified employees are more satisfied and more productive than
their non-certified counterparts.
3. Due care
Certified professionals will greatly assist employers in being able
to construct a viable risk and compliance program, and to prove that
they exercise due care.
Become a
Certified Solvency ii Professional (CSiiP) or a Certified Solvency ii
Equivalence Professional (CSiiEP)
from the Solvency ii Association, the largest association of
Solvency ii Professionals in the world
The Solvency ii Association offers two Solvency ii certification
programs:
A. Certified Solvency ii Professional (CSiiP)
for professionals working in the EEA countries
B. Certified Solvency ii Equivalence Professional (CSiiEP)
for professionals working in non-EEA countries
The Solvency ii Association offers two certified training courses
that lead to the above certificates:
A.
Certified Solvency ii Professional (CSiiP): Preparing for the Solvency
ii Directive of the EU -
Prep Course (3 days)
B. Certified
Solvency ii Equivalence Professional (CSiiEP): Preparing for
Equivalence with the Solvency ii Directive of the EU - Prep Course (3
days)e
To learn more you may
visit:
www.solvency-ii-association.com/Certified_Solvency_ii_Training.htm
www.solvency-ii-association.com/Certified_Solvency_ii_Training_Non_EEA_Countries.htm
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The Solvency ii Association has signed an exclusive worldwide partner
agreement with Solvency II Training Ltd,
Level 33, 25 Canada Square, Canary Wharf, London E14 5LQ,
Tel:
+44 (0) 207 060 3312,
Fax: +44 (0) 207 681 3317.
All the instructor-led classes
that lead to the CSiiP and the CSiiEP certificates will be organized
by the Solvency II Training Ltd. We do not offer distance learning
programs.
For further information or to
register for one of our Solvency II training courses, please contact:
Ross Fenwick, Managing Partner,
Solvency II Training Ltd,
Tel:
+44 (0) 207 060 3312,
Fax: +44 (0) 207 681 3317,
Email:
info@solvencyiitraining.eu
Web:
www.solvencyiitraining.eu
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