Job Description

Position: Fiscal Threat & Regulation Oversight Principal — Actuarial (Permanent)

Location: Edinburgh / London / Birmingham (Hybrid)

Phoenix Group is seeking a Fiscal Threat & Regulation Oversight Principal to join our Line 1 Finance Risk & Governance unit. This embedded role provides risk-centric supervision of actuarial workflows. You will be instrumental in refining and reinforcing the protective framework supporting vital actuarial operations. Your scope includes mission-critical sectors such as capital steering, liquidity, assumption frameworks, Solvency II, and internal modeling governance that impact balance sheet stability.

The Role:

Provide comprehensive Line 1 supervision of financial and non-financial threats across designated workflows.
Function as an independent reviewer for threat identification, evaluation, and regulation.
Partner with Departmental Heads and senior leaders to offer constructive critiques and independent perspectives.
Guarantee that regulations are balanced, high-performing, and synchronized with risk tolerance.
Bridge the gap between intricate technical actuarial data and high-level strategic supervision.
Enhance actuarial influence by building transparency with executive leadership regarding capital and model management.

Requirements:

Accredited (or nearly accredited) Actuary with a robust technical base in actuarial workflows.
Background in threat management, quality assurance, auditing, or regulation supervision within a fiscal or actuarial department.
Comprehensive grasp of financial and functional threats, including model integrity, capital sufficiency, and liquidity.
Capacity to operate independently and strategically to evaluate regulation performance and suggest realistic enhancements.
Potent stakeholder coordination and persuasion abilities to challenge senior leadership constructively.
An inquisitive, diagnostic mindset capable of questioning premises and determining practical, balanced outcomes.

Job Data Table

Category	Details
Company Name	Phoenix Group
Location	Edinburgh, United Kingdom (Hybrid)
Locality	Edinburgh
Country	United Kingdom
City	Edinburgh
Region	Scotland
Job Type	Part-time (Flexible/Job-share available)
Salaries	£55,000 – £80,000
Experience Level	Qualified or Nearly Qualified Actuary
Travel	Minimum 2 days per week in office
Language	English
Benefits	16-32% Bonus, 38 days leave, 12x Life Assurance, Private Medical

Skills & Competency Table

Skill	Competency Level
Actuarial Science	Qualified / Nearly Qualified
Risk Management	Expert (Line 1 Oversight)
Solvency II / Capital	Advanced
Stakeholder Influencing	High / Strategic
Internal Model Governance	Proficient
Analytical Diagnosis	Expert

Salaries Pay Calculator Table

Annual Salary	Indicative Bonus	Total Compensation	Notes
£55,000	£8,800 – £17,600	£63,800 – £72,600	Based on 16% – 32% bonus
£80,000	£12,800 – £25,600	£92,800 – £105,600	Top of band + full benefits

Job Summary

This permanent, flexible role involves providing Line 1 risk oversight for actuarial processes at Phoenix Group. You will ensure the integrity of capital management, Solvency II, and liquidity controls. Requires a qualified or nearly qualified actuary capable of strategic thinking and constructive challenge within a FTSE 100 financial services environment.

FAQs

What are the office attendance requirements?

The role follows a hybrid model, normally requiring a minimum of 2 days per week in the office.

Do I need to be a fully qualified actuary?

Phoenix Group welcomes applications from both fully qualified and nearly qualified actuaries with strong technical foundations.

What is the bonus potential for this position?

The role features an indicative annual bonus range of 16% to 32% of your base salary.

Are part-time hours actually supported?

Yes, all roles are open to part-time, job-share, and other flexible working arrangements via “Phoenix Flex.”

What brands are part of the Phoenix Group?

The group includes market-leading brands such as Standard Life, SunLife, Phoenix Life, and ReAssure.

Expert Analysis

This is a sophisticated “Line 1” role that moves an actuary from pure calculation into strategic governance. Phoenix Group’s position as a FTSE 100 giant with £270bn+ in assets under administration makes this a high-stakes oversight role. The emphasis on “constructive challenge” suggests a culture that values intellectual honesty over mere compliance.

Location & Logistics Guide

The Edinburgh office serves as a primary hub for Phoenix Group, particularly following the Standard Life acquisition. Located in a city renowned as a global financial center, the role offers a balance of high-end corporate presence and flexible home-working. Reliable commuting to Edinburgh city center is necessary for the 2-day office requirement.

https://en.wikipedia.org/wiki/Edinburgh

Career Path

Successful leads in Finance Risk & Controls often transition into Senior Risk Manager, Head of Actuarial Governance, or Chief Risk Officer (CRO) pathways. The exposure to Solvency II and capital management provides a versatile skillset highly sought after by regulatory bodies, investment firms, and other top-tier life insurance providers globally.

To apply for this job please visit uk.linkedin.com.