The Reserve Bank of New Zealand is the country’s central bank and a public-sector institution serving the stability and functioning of New Zealand’s economy. Its responsibilities include setting monetary policy to support low and stable consumer price inflation, overseeing the financial system, issuing and managing the nation’s currency, and ensuring that financial institutions can access dependable payment and settlement services. Through this work, the bank contributes to economic wellbeing and improved living standards across New Zealand.
Senior Actuarial Advisor – Reserve Bank of New Zealand, Wellington Hybrid
Provide senior actuarial expertise that supports insurance-sector prudential supervision and financial stability in New Zealand. The role covers insurer solvency, emerging risks, stress testing, crisis management and supervisory policy.
Description
- Deliver authoritative actuarial advice and technical support to prudential supervisors, management and other Reserve Bank teams
- Evaluate insurers’ continuing solvency compliance and financial condition
- Monitor emerging risks and indicators of financial stress
- Assist with the management of insurer crises
- Support sector-wide stress tests and thematic supervisory reviews
- Serve as reviewing actuary for licensing, transfers and other supervisory decisions
- Identify and report signs of distress affecting a licensed insurer or the wider insurance sector
- Create risk-based frameworks and processes for insurance-sector oversight
- Contribute to solvency policy development and broader Financial Stability Group programmes
- Work with licensed insurers, appointed actuaries, industry organisations, and regulatory agencies in New Zealand and overseas
- Represent and promote the insurance regulatory framework within the organisation and externally
- Coach junior colleagues and share actuarial expertise across the Reserve Bank
Requirements
- Relevant academic or professional qualifications in actuarial science, mathematics, statistics or financial theory
- Membership in a recognised professional actuarial body
- Post-qualification actuarial experience
- Strong analytical and conceptual capability
- Creative problem-solving skills and sound professional judgement
- Ability to evaluate issues from a broad, integrated perspective
- Skill in developing and executing strategies that deliver necessary decisions and actions
- Strong interpersonal skills with a record of building and sustaining effective professional relationships
- Experience contributing as a senior team member while guiding and mentoring junior colleagues
- Excellent communication skills, including the ability to make technical subjects accessible to non-specialists
- A collaborative, constructive and enthusiastic working style
- Demonstrated understanding and application of Te Tiriti o Waitangi
- Eligibility to obtain and retain the required level of New Zealand National Security Clearance
- Cover letter required
Benefits
- Choice of flexible full-time or part-time work
- Hybrid working arrangement
- Additional leave opportunities
- Wellness support package
- Generous parental leave provisions
- Professional learning and development opportunities
- Access to a wide range of social, networking and sporting activities
- Inclusive and supportive workplace culture
- Support for flexible work and work-life balance