The IFoA believes that actuaries are strong risk management professionals. It supports and promotes a Chief Risk Officer (CRO) group made up of actuaries who are working in senior risk management roles.

Core aims

  • to provide professional support to one another in developing risk management techniques and frameworks, especially outside traditional actuarial areas
  • to enable benchmarking of practices in relation to risk management
  • to provide a discussion forum in relation to industry and regulatory issues
  • to create networking opportunities for actuaries who hold CRO or very senior risk management roles within their companies

Meeting dates and topic plan

  • Tuesday 15 September: 16.30 – 18.00
  • Tuesday 10 November: 08.15 – 09.45
  • Tuesday 9 February: 08.15 – 09.45
  • Tuesday 20 April: 08.15 – 09.45
  • Tuesday 15 June: 16.30 – 18.00

Download our latest topic plan for 2020-2021.

Want to join the group?

Contact Dawn McIntosh providing details of your role and ARN.

What makes this group distinct from other CRO forums

The non-commercial nature of the group makes it distinct from other CRO groups and members have common challenges which can be discussed in a safe Chatham House Rules environment. 

Meet the Chair

Christopher Makomereh is currently Insurance Risk Director at PacificLifeRe, a global reinsurer based in London with over $700 Bn life reinsurance in-force as at year end 2019. He has extensive experience in Risk Management gained from roles in Health Insurance, Life Insurance, Investment Management and Reinsurance. He is a Chartered Enterprise Risk Actuary, has a First Class Degree in Actuarial Science from the University of Kent, and an MBA from Imperial College Business School.

Christopher-MakomerehThe Actuarial CRO Group is a great platform to share ideas with senior Risk professionals and CROs in financial services. The discussions are held under Chatham House rules to facilitate transparency and robust debate. I joined it to gain some networking opportunities and to be a part of discussions on topical issues from a variety of perspectives

 

Meet the Deputy Chair

Russell Gill is Director of Investment Risk at the Pension Protection Fund; an independently run public corporation with over £40bn of assets, which protects over 10 million members of defined benefit pension schemes if their sponsoring employer fails and their pension scheme is unable to pay the promised pensions.

Russell has diverse 1st and 2nd line risk experience gained from senior roles in the risk and finance functions of major financial institutions, including accountability for investment/market risk, credit risk, model risk, capital modelling (including operational risk) and pension risk/finance.

Russell is a qualified actuary and a qualified snowboarding instructor; although he finds himself on snow much less these days, given his important parental commitments (4 young children).

Russel GillThe actuarial skills and experiences are very transferable, but they are not an end in themselves. I have found it very rewarding to share knowledge and perspectives with others across industries and this has also been helpful in my roles. This approach led me to the Actuarial CRO Group, which is an invaluable forum operating under Chatham House rules.

 

Read our case studies to find out more about CRO roles.

Contact Details

If you have any questions about a practice area, its working parties, Member Interest Groups or Board and sub-committees, please contact the Communities Team:

professional.communities@actuaries.org.uk

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Start date
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End date
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Events calendar

  • Spaces available

    The webinar will discuss the challenges and opportunities schemes face in evaluating end game options, choosing a target state and understanding the impact this strategic decision could have on member outcomes long after the “end state” is reached. Adolfo, Kevin and Rhian bring over 60 years of experience in the industry and a variety of perspectives as scheme actuary, covenant adviser, trustee, de-risking adviser and insurer.

  • Spaces available

    Retail banking is going through a period of substantial change as it moves into the digital age. Banks have large amounts of data about their customers and about their risks. Open data application programming interface (APIs) and data science are enabling banks to use their data to offer innovative and sometimes personalised services. Data science is also adding value in risk areas such as fraud detection and cyber security. At the same time, the move to online banking is making it easier for firms including fintechs to enter banking without having to establish branch networks.

  • UK Town Hall 08:30-09:30

    Webinar
    4 December 2020

    Spaces available

    IFoA President Tan Suee Chieh would like to invite you to the Institute and Faculty of Actuaries’ (IFoA) virtual UK Town Hall 2020, hosted by Tan Suee Chieh with IFoA’s Immediate Past President, John Taylor, President Elect, Louise Pryor and IFoA Chief Executive, Stephen Mann.  

  • UK Town Hall 10:00-11:00

    Webinar
    4 December 2020

    Spaces available

    IFoA President Tan Suee Chieh would like to invite you to the Institute and Faculty of Actuaries’ (IFoA) virtual UK Town Hall 2020, hosted by Tan Suee Chieh with IFoA’s Immediate Past President, John Taylor, President Elect, Louise Pryor and IFoA Chief Executive, Stephen Mann.  

  • Spaces available

    Cash-flow driven investing is a game-changer for DB pension funds navigating their end-game. Suitable for sponsors who want to reduce risks on their balance sheets. And for trustees, it shifts the focus to providing greater certainty of returns, managing funding level volatility and ensuring they have enough income to pay cash-flow requirements.

  • Spaces available

    Patrick Kennedy, Partner at Gateley Legal and Founding Director of Entrust (a leading professional pensions trustee company), will be delivering an update on the latest legal developments during the course of 2020. With both a pensions legal perspective and over 25 years of trustee service, Patrick will seek to highlight how the letter of the law has continued to evolve against the backdrop of a difficult and challenging year

  • Spaces available

    The talk will provide an understanding of the priorities and relationships between deficit reduction contributions, in the context of wider scheme funding, and different types of value outflow from the employer based on the working party’s recently published report. 

  • Spaces available

    Running off the £2 trillion of UK corporate sector defined benefit liabilities in an efficient and effective fashion is the biggest challenge facing the UK pensions industry. Trustees and sponsors overseeing those schemes need to be clear on their target end-state and the associated journey plan – but too few have well articulated and robust plans.

  • Spaces available

    The actuarial skill set has much to offer the banking industry. So many of the skills that actuaries acquire during their working life translate across to the world of banking and yet banking is perceived as an alien environment to many actuaries. But is it?

  • Spaces available

    Covid-19 has required an urgent and cross-practice initiative to facilitate the extensive impact this pandemic has across all industries. IFoA members have been keen to contribute in a different way, so we developed the IFoA Covid-19 Action Taskforce [ICAT] to coordinate our effort, with a more efficient governance.

    We have over 500 volunteers and countless topics which we have amalgamated into 93 workstreams.