Harry Connolly Email and Phone Number

Production of Solvency II capital valuations for M&G plc’s With-Profits business, on both an Internal Model and Standard Formula (i.e. regulatory prescribed) basis. This involves the calculation of the Solvency Capital Requirements (SCR), Risk Margin (RM), and Transitional Measures on Technical Provisions (TMTP) that back With-Profits business. Further responsibilities include; producing Analysis of Change step-throughs for the SCR, RM and TMTP, oversight of Actuarial Solvency II disclosures,… Show more Production of Solvency II capital valuations for M&G plc’s With-Profits business, on both an Internal Model and Standard Formula (i.e. regulatory prescribed) basis. This involves the calculation of the Solvency Capital Requirements (SCR), Risk Margin (RM), and Transitional Measures on Technical Provisions (TMTP) that back With-Profits business. Further responsibilities include; producing Analysis of Change step-throughs for the SCR, RM and TMTP, oversight of Actuarial Solvency II disclosures, analysis of Stress & Scenario Testing results for With-Profits business, and establishing the methodology and assumptions used to estimate the future solvency position of M&G plc’s With-Profits fund. Show less

Primarily responsible for the production and distribution of various management information and key regulatory reporting deliverables pertaining to M&G plc’s With-Profits business, such as; solvency monitoring MI, IFRS shareholder transfers, analysis of product sales and claims trends, valuation of capital support arrangements and risk mitigation initiatives (e.g. profit sharing arrangements, balance sheet hedges), apportionment of BLAGAB / Non-BLAGAB liabilities for tax purposes, supporting… Show more Primarily responsible for the production and distribution of various management information and key regulatory reporting deliverables pertaining to M&G plc’s With-Profits business, such as; solvency monitoring MI, IFRS shareholder transfers, analysis of product sales and claims trends, valuation of capital support arrangements and risk mitigation initiatives (e.g. profit sharing arrangements, balance sheet hedges), apportionment of BLAGAB / Non-BLAGAB liabilities for tax purposes, supporting the production of the Own Risk and Solvency Assessment (ORSA) (as required under Solvency II), and the provision of other miscellaneous inputs used in the main valuation models (e.g. new business strain figures, miscellaneous surplus, cost of declared bonuses). Show less

My role comprised of the work previously performed in my Solvency II Analyst role, with the addition of undertaking analyses which support the review and challenge of various Solvency II and IFRS methodologies and assumptions used to construct the company’s base balance sheet, as well as the setting of non-market risk stresses. I also gained exposure to various projects, such as the Credit Risk Major Model Change application to the PRA.

Oversight of actuarial modelling developments and producing / maintaining documentation pragmatic to the Solvency II directive and other regulatory requirements, such as adhering to FCA and PRA principles. Primarily, my responsibilities encompassed shaping Solvency II processes related the Internal Model and ensuring control frameworks surrounding these processes remained appropriate. Another duty associated with the role was to act as secretary to the Model Prioritisation and Governance… Show more Oversight of actuarial modelling developments and producing / maintaining documentation pragmatic to the Solvency II directive and other regulatory requirements, such as adhering to FCA and PRA principles. Primarily, my responsibilities encompassed shaping Solvency II processes related the Internal Model and ensuring control frameworks surrounding these processes remained appropriate. Another duty associated with the role was to act as secretary to the Model Prioritisation and Governance Forum – which provides governance and approval to proposed modelling developments (such as methodology & assumption changes, proxy modelling developments). Show less

A customer facing role where I was responsible for the safety and wellbeing of the users of this busy community pool.

Responsible for the provision of Box and Pricing services to independent clients. This included the reporting of net fund movements to the Trustee & Depository within regulatory time scales and being responsible for the input of prices into the fund reporting system. Another aspect of this job was to deal with the liaison with Management Companies, coupled with the creation and dispatch of accurate and timely Prediction Reports and Dealing Confirmations.