Royal London is seeking a Credit Rating Specialist to join our BPA business. You will play a central role in assessing and monitoring the credit quality of illiquid, unrated assets within our Matching Adjustment portfolio, an area key to supporting our growing annuity business. You'll contribute to credit risk assessment, internal model calibration, and regulatory engagement, helping maintain strong risk management.
What You'll Do
- Prepare Credit Quality Assessments (CQA) for illiquid, unrated assets within the Matching Adjustment portfolio.
- Conduct regular reviews and monitoring of credit ratings for private and illiquid assets.
- Support calibration of Internal Model stresses for private assets.
- Develop rating approaches for new asset classes.
- Contribute to discussions and submissions to the PRA regarding new illiquid asset classes.
- Collaborate with colleagues across Investment Office and Group Actuarial to understand asset risks.
What We're Looking For
- Expert understanding of CRA credit rating methodologies for private fixed income markets.
- Detailed knowledge of private fixed income markets.
- Strong communication skills with the ability to influence senior stakeholders and regulators.
- Ability to manage multiple deliverables and work collaboratively across the wider business.
- Comfortable providing constructive challenge while maintaining productive working relationships.
Benefits & Compensation
- 28 days annual leave in addition to bank holidays.
- Up to 14% employer matching pension scheme.
- Private medical insurance.
Work Mode
This is a hybrid position based in London, Alderley Park, or Edinburgh.
Royal London is an equal opportunity employer.
