![]() |
“Actuaries should be involved in calculating banking bonuses as they are trained to determine where there are any unacceptable risks being taken. As actuaries it is the long term that concerns us,” says Dr Geraldine Kaye, an actuary herself and managing director of actuarial recruitment consultancy GAAPS Actuarial. “Where there are enormous bonuses for profitable performance and with no downside for poor performance, you can only encourage risky and in some cases even irresponsible behaviour. “With-profit life policies fell out of favour because non-actuaries could not understand the smoothing techniques that were used and required. A variation of those techniques, but with much better communication of what is being done, would be very well suited to smoothing bankers’ bonuses. Once bonuses are accurately spread over several years, then traders would have to be much more careful that the risks they take will not result in large or even catastrophic losses.
“All it requires is for a few actuaries to enter this area of work and to be seen actively involved in calculating banking bonuses, then others will be able to follow.” |
|
|
|
Actuarial Consultant - Pensions | ||
Midlands / hybrid after initial training programme with 3 days p/w office-based - Negotiable |
Project Actuary - Life | ||
Midlands / hybrid with 2 days p/w office-based - Negotiable |
Project Actuary - Lifetime Mortgages | ||
Midlands / hybrid with 2 days p/w office-based - Negotiable |
Lead Project Review Actuary | ||
Midlands / hybrid with 2 days p/w office-based - Negotiable |
Technical Pensions Actuary | ||
Remote / hybrid / flexible - Negotiable |
CONTRACT: Head of Capital and Insuran... | ||
South East - Negotiable |
Pension Fund Accountant | ||
Midlands / hybrid with 3 days p/w office-based - Negotiable |
Actuarial Analyst - Reserving & Capit... | ||
London / hybrid with 2 days p/w office-based - Negotiable |
DC Investment Consultant | ||
Nationwide / Hybrid – min 1 day p/w office-based - Negotiable |
GI Actuarial Analyst (Pricing) | ||
London / hybrid with 3 days p/w office-based - Negotiable |
GI Reserving Analyst | ||
London / hybrid - Negotiable |
Actuarial Analyst: Pricing & Product ... | ||
Flexible with hybrid working - Negotiable |
Non-life Consultant/Associate Consultant | ||
London / hybrid with 2-3 days p/w office-based - Negotiable |
Commercial Lines Pricing Consultant | ||
South East / hybrid - Negotiable |
Pricing Lead | ||
Flexible / hybrid with travel to Edinburgh office and 2 days p/w office-based - Negotiable |
Senior Pricing Actuary | ||
Bermuda - Negotiable |
Reserving Actuary- Bermuda | ||
Bermuda - $250,000 Per Annum |
Pricing Analyst | ||
London - £45,000 Per Annum |
Senior Pricing Actuary | ||
London - £125,000 Per Annum |
Reserving Technical Specialist | ||
London / hybrid with 3 days per week office-based - Negotiable |
Be the first to contribute to our definitive actuarial reference forum. Built by actuaries for actuaries.