Deputy Independent Examiner
We are seeking to appoint a Deputy Independent Examiner. This role relates to the review of Adjudication Panel Determinations arising from the Institute and Faculty of Actuaries’ Disciplinary Scheme. The role is a professional regulatory role with an initial tenure period of three years which can be renewed, where both parties wish, for a further three years.
Please note the role holder must not be a member of the IFoA or have a role with the PRA, FCA, the Pensions Regulator or the FRC and its operating bodies.
If you are interested in applying for the above position please send your CV (maximum of two pages) and a covering letter (maximum 500 words) that addresses how you meet the requirements of the role to HRSupport@actuaries.org.uk by 8 March 2021.
We represent and regulate over 31,000 members worldwide for the benefit of the outside world and oversee their education at all stages of qualification and development throughout their careers. By joining the IFoA, members are making a personal commitment to high standards of education, competence and integrity.
The public – clients, users, employers and all those affected by actuarial decisions – must be confident that Members of the IFoA will observe professional ethical codes and regulatory standards which justify that trust. Should things go wrong, we have developed disciplinary procedures in order to enforce our Members' professional obligations.
The role of the Independent Examiner is to review referred Adjudication Panel determinations. The Independent Examiner’s powers for review are set out at Part 7 of the IFoA’s Disciplinary and Capacity for Membership Schemes. Should the Independent Examiner be unavailable or unable for any reason to fulfil her/his functions under Part 7 of the Disciplinary Scheme, the Deputy Independent Examiner exercises the functions of the Independent Examiner.
The time commitment for this role varies dependent on the volume of referred determinations in any given year.
Key Contacts and Stakeholders
- Appointed by Disciplinary Appointments Committee (DAC).
- Day to day point of contact: Judicial Committees Secretary (JCS).
- Key stakeholders: IFoA disciplinary oversight Boards and Committees.
Key Tasks and Responsibilities
- Reviewing referred determinations with reference to the grounds of review and producing detailed written reasons, as detailed in the Rules.
- Adhering to timeframes set by the IFoA disciplinary oversight Boards and Committees.
- May be required to feedback to the disciplinary Boards and Committees as part of their respective public interest functions.
The successful applicant will have:
Knowledge & Experience
- A high level of experience with public hearings, preferably in international professional regulatory or civil processes and in the capacity of legal adviser, chair or panel member roles.
- Significant demonstrable experience of drafting reasoned determinations or reports relating to professional disciplinary, regulatory or other formal legal proceedings.
- Experience of working with a variety of professional regulatory enforcement regimes and practices, including professional misconduct and fitness to practice panels and processes.
- Understanding of the breadth and work that might be undertaken by an actuary and their regulatory obligations.
- Demonstrable experience of working in a public interest environment and with diversity, equality and inclusiveness considerations.
- Demonstrable integrity, independence of mind and fairness.
- Sound judgement enabling well-reasoned decisions and to exercise discretion appropriately
- Excellent written communication skills enabling the drafting of quality written judgements and evidence of an ability to write clear, concise and well-reasoned advice.
- Ability to analyse and evaluate volumes of case report and investigation materials covering matters of professional ethics and/or actuarial work
- Good organisation skills to manage cases efficiently and effectively within clearly defined timescales.
- Confidence to use electronic communication and receive electronic copy papers.
- Flexibility – the time commitment is varied and dependent on case load.
- Induction and support will be provided on appointment.
The role attracts an honorarium, and expenses incurred in the role are recoverable from the Institute and Faculty of Actuaries in line with the IFoA’s expenses policy.
The IFoA’s indemnity arrangements cover those acting under the disciplinary schemes, both actuarial and lay.
Filter or search events
The Power of Pensions: how can pensions change the future?
IFoA Immediate Past President John Taylor would like to invite you to the Institute and Faculty of Actuaries’ (IFoA) virtual SSA Town Hall 2021, hosted by John Taylor with IFoA Council Members Mukami Njeru, Prosper Matiashe and IFoA Chief Executive, Stephen Mann.
IFoA Immediate Past President John Taylor would like to invite you to the Institute and Faculty of Actuaries’ (IFoA) virtual Middle East, North Africa and Pakistan (MENAP) Town Hall 2021, hosted by John Taylor and IFoA Chief Executive, Stephen Mann.
COVID-19 has seen a marked increase in mental health issues. We all have mental health and poor mental health has serious consequences for individuals and our workplaces, with it costing UK businesses £33-42 billion annually.
As part of the ARC Webinar Series 2021, this webinar will review the work of the UEA/Aviva research team over the last four years on a major research programme funded by the IFoA’s Actuarial Research Centre.
Climate change poses a significant threat across many regions and sectors, and businesses. Insurers and asset managers, must play a role in ensuring transparency around climate related risks and opportunities.
Whilst insurers have been performing stress and scenario testing for many years, in the last 12 months the PRA has increased its focus on the ability to identify, measure and increase financial and operational resilience.
This webinar provides an overview of the state of the UK protection market, and how different insurers are using different levels of sophistication to price (such as using customer demand models). It considers how insurers have implemented these sophisticated pricing techniques, and the practical challenges they have faced.
This discussion will revolve around the latest industry developments including and introduction to Part VII transfers and Schemes of Arrangement (process, parties involved and recent events), insights and lessons from recent with-profits transactions and restructurings (including Equitable Life and Pru-Rothesay), how firms can apply these learnings to future arrangements, and the outlook for future with-profits transactions and restructurings (including the impacts of Covid-19 and Brexit)
What is stewardship and how has the landscape changed under the 2020 UK Stewardship Code?
- How does effective stewardship create long term value for beneficiaries?
- What roles do asset owners and asset managers play in active stewardship?
- A practical approach to stewardship reporting
Income drawdown products offer an investment strategy to generate an income in retirement. However, for those needing to decumulate their capital to provide a sufficient income in retirement, sequencing risk is high. This is the risk that poor returns are experienced when capital is highest (in the first part of the decumulation phase) and good returns when capital is lowest (in the last part). It is very difficult to recover from this risk, if it is realised. This means that income drawdown products are not very resilient for those needing to decumulate their capital.