This job is now closed
Job Description
- Req#: R1136579
Support the Actuary Pricing function through education & awareness of risk and compliance
Provide expertise on pricing fairness and relevant regulatory requirements
Development of effective pricing governance, escalating potential concerns
Facilitate risk and governance related forums – quarterly risk & monthly audit meetings
Build excellent working relationships with pricing colleagues in 1st and 2nd line of defence
Liaise with Bupa’s Company Secretary to ensure papers / actions for Board committees are delivered on time
Manage any pricing related incidents ensuring that key learnings are distilled.
Ensure compliance with Board Underwriting Control Framework and policies / standards (e.g. Board Risk Appetite, Pricing Principles)
Represent the Pricing team in other forums where fairness is a key input e.g. Consumer Duty.
Embed a culture that ensures the prioritisation and delivery of good customer and regulatory outcomes
Senior Risk professional with Actuarial experience (ideally Pricing)
Significant experience of designing & implementing governance frameworks
Track record of working in FCA or Financial Services regulated environment
Demonstrable understanding of Risk Management
Excellent senior stakeholder management skills
Ability to communicate and negotiate at all levels
Good organisational skills & ability to motivate people across the organisation
Solutions-focused to assist the business on moving forward with effective controls
25 days holiday, increasing through length of service (option to buy or sell days)
25% Management Bonus Scheme (annual, discretionary)
Bupa health insurance as a benefit in kind
An enhanced pension plan & life insurance
Onsite gyms or local discounts where no onsite gym available
Various other benefits and online discounts
Job Description:
Head of Pricing Risk
Competitive salary + bonus, private health, car allowance, pension
UK / Hybrid
Permanent / 35 hours per week
Closing date – 1st September 2023
A bit about Bupa…
Bupa is a global healthcare company operating across 16 countries which, in 2022 generated revenue of circa £14bn. The group mainly operates through three Market Units - Bupa Global UK (‘BGUK’), Asia Pacific, and Europe & Latin America. In the UK , Bupa is the leading provider of healthcare insurance, serving 2.3 million customers. With no shareholders, our customers are our focus. We reinvest profits into providing more and better healthcare for the benefit of current and future customers.
About the area you’ll be working in…
The Head of Pricing Risk role is a new created position, reporting directly to the Chief Commercial Actuary at Bupa. Further to a successful delivery and implementation of an advanced pricing sophistication project in 2022, the need has arisen for a senior leader to oversee pricing governance, decision-making, risk & control. Key to success will be driving the response to ‘Pricing Fairness’ and ‘Consumer Duty’ to support Pricing strategy.
What you'll be doing…
Who we’re looking for?
Benefits at Bupa
Our benefits are driven by what matters to our people. It’s important to us that these benefits support a work-life balance that keeps people healthy, both mentally and physically. Benefits include:
Diversity and Inclusion
Here you’ll be welcomed. We champion diversity and we understand the importance of our people representing the communities and customers we serve. You’ll find an inclusive environment where you can be yourself and where everyone is driven by the same purpose – helping people live longer, healthier, happier lives.
Bupa is committed to making sure that every applicant is assessed solely on personal merit and qualifications. We actively celebrate the diversity of our colleagues and provide an inclusive environment so you can bring your true self to Bupa. We’ll make sure you are treated fairly regardless of disability or circumstance. That’s why we’re happy to offer reasonable adjustments as part of our recruitment process to anyone that needs them.
Time Type:
Full timeAbout the company
Bupa's origins and global headquarters are in the United Kingdom.
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