Head of Financial Resilience

Head of Financial Resilience

Location: London

Job Type: Full time

Who are Just? We’re a FTSE 250 Financial Services company who specialise in retirement solutions. We help people achieve a better later life by providing competitive and innovative products, services, financial advice, and guidance to help our customers achieve security and peace of mind in retirement.

Purpose

To oversee the stress and scenario testing across the Group to enable effective monitoring of risk exposure and to support strategic decision making.

In particular, to lead on the use of technology to improve the speed and accuracy of stress and scenario testing.

To identify and execute management actions and capital solutions to improve the Group’s financial position and/or to reduce volatility.

To support the Director of Capital Management in ensuring a strong and stable capital base.

Job Role Accountabilities

• To lead the development of methodologies, tools, and processes to ensure the Group can perform robust, flexible, and timely stress and scenario testing.
• Engagement with key stakeholders across the Group to get buy-in on proposed methodology and processes.
• To engage with 2nd line, management, and Board to ensure that the scope of stress and scenario testing meets their needs.
• To identify and execute management actions and/or capital solutions to optimise the balance sheet and reduce volatility.

Examples of Key Activities

• Develop methodology, tools, and processes for stress and scenario testing, leveraging new technology for efficiency and scalability.
• Manage key stakeholders across the business involved in stress and scenario testing.
• Join the Stress and Scenario Testing Forum to contribute to setting the Group’s priorities and to report on progress and results.
• Meet with external parties to identify and assess potential capital solutions.
• Advise management on emerging risks and potential mitigating actions.
• Lead and support group projects that impact the capital position.

Skills and Knowledge

• Strong understanding of Solvency II framework, particularly the Solvency UK Matching Adjustment reforms and internal models.
• Excellent analytical and problem-solving skills.
• Good understanding of the products/services provided by the Group, their risks, and their capital requirements.
• Enthusiastic about leveraging new technologies to drive innovation and efficiency.
• Ability to construct frameworks and methodologies by thinking through first principles.
• Ability to lead and influence others, and to build collaborative relationships with a range of stakeholders across the business.

Experience

• Life industry experience in a Solvency II environment.
• Experience in delivery of projects.
• Experience in engagement with senior management within both 1st and 2nd line.

Qualifications

• Qualified FIA, FFA or equivalent.

Company Benefits

• A Competitive Salary, Pension Scheme, and Life Assurance.
• 25 Days Annual Leave plus an Additional Day for your Birthday.
• Private Medical Cover and Income Protection.
• A generous and highly achievable bonus scheme.
• Opportunity to progress within your career both in-role and within the company.
• FREE access to the Headspace App and a 24/7 Employee Assistance Helpline.
• A variety of Employee Funded Benefits available via our Online Benefits Portal.

Why Just? We are committed to building a more sustainable business and have publicly committed to reduce our scope 3 emissions to Net Zero by 2050 and our scope 1 and 2 emissions to Net Zero by 2025.

Diversity, Equity, and Inclusion (DE&I) is a key priority for Just. We have joined a number of initiatives designed to improve outcomes for employees from underrepresented backgrounds.

What’s clear about working at Just is that we care. We care about our customers, our purpose, our environment, inclusivity, wellbeing, and most importantly - each other.