The Banking MIG was set up to promote actuarial involvement in this area and deliver its objectives

Welcome to the Banking Member Interest Group (MIG), which is here to support our members in banking, those interested in banking as a career, or those wanting to find out more about actuaries in banking.

Join the Banking MIG

Join the conversation on LinkedIn

Discuss all things related to the IFoA Finance and Investment practice community in our LinkedIn Group.

Join the LinkedIn Group

Forthcoming events

Forthcoming events for the Banking Member Interest Group will be listed here as they become available.

Banking MIG webinar

The Banking MIG held its first Webinar: Career Opportunities in Banking: Retail and Group Risk (Event held on Tuesday, 6 November 2019)

Moderated by: Dick Rae, Chair, IFoA's Finance and Investment Board and the Banking Member Interest Group
Presented by:  Clare Beale, Global Head of Model Risk Management and Model Risk Steward at HSBC, Aonghas McIntosh, Customer Journey Manager at RBS and Antonie Jagga, Financial Management Leader for Pricewaterhouse Coopers, Singapore and South East Asia Consulting

Watch the Career Opportunities for Actuaries in Banking webinar

Download the presentation

Banking MIG management committee

A management committee has been established to set and deliver the MIG's objectives. The committee has identified a number of short term and medium term goals and the main objectives are:

Events
  • Implement a programme of events, articles and presentations to facilitate knowledge sharing, education (CPD) and networking.
Community
  • Understand the extent to which members of the profession are currently involved in banking, or would like to become involved in banking, and to ensure the programme of events meets their needs.
  • Research the extent and way that other actuarial societies support and encourage their members' interests in banking.
Involvement
  • Encourage members to become involved. Ideas and volunteers for events or working parties will be gratefuly received. If you are keen to get involved then please contact any of the management committee or email memberinterestgroups@actuaries.org.uk.
Professional development
  • Build a knowledge base of actuarial techniques used in banking as a means to equip members for work in the banking sector and as a means to promote the profession's skill sets within the banking industry.
Focal point
  • Act as a point of contact for Public Affairs/Policy Managers on banking related consultations.
The Banking MIG management committee members
Dick Rae (Chair)

Mahidhara Davangere

Colm Kelly
Aonghas McIntosh
Damian Mitcham

Iain Allen

Martin Collins

Kudzai Chigiji

Krystna Dougall

Elvis Gannon (IFoA)

Vacancies exist for individuals with complementary skill sets and experience. Please email memberinterestgroups@actuaries.org.uk if you would like to take an active part in the Banking MIG.

Members of this MIG have experience in the Banking, Finance and Investment practice area. The groups’ objectives hope to determine how best members in this area can get involved in consultations; share ideas; and feed ideas on content for banking related events to the F&I Education and Continuing Professional Development committee. 

The Banking MIG hopes to create a community of banking actuaries. The ambition would be to transform banking as an activity for actuaries and to achieve this; the MIG has set up several linked work streams:

  • To create an ongoing stream of high quality papers for the actuary magazine and other journals that will also provide ongoing CPD for actuaries in banking. The papers look to cover areas of work where the actuarial skills set have proven valuable, responses to industry and regulatory issues and educating actuaries or bankers. The papers should “sell” actuarial skills and insights to an intended audience of bankers
  • Organise and run social events to enable sharing of ideas and experience
  • Create and maintain a central SharePoint where ideas, papers and contacts are accessible to members
  • Engage with other bodies such as the South African Actuaries who are developing a course or the Chartered Institute of Bankers in the UK.

In addition, the MIG in conjunction with the IFoA hopes to consider how to assist actuaries of the future understand banking in order to make it easier for members to move into banking as a career path.

Contact Details

If you want more information about Member Interest Groups, or would like to start one, please contact the Professional Communities Team:

memberInterestGroups@actuaries.org.uk

Filter or search events

Start date
E.g., 19/01/2020
End date
E.g., 19/01/2020

Events calendar

  • Sessional Meeting - Operational Risk Dependencies

    Royal College of Physicians of Edinburgh 9 Queen St Edinburgh EH2 1JQ
    20 January 2020

    Fully booked.

    The Operational Risk Working Party aims to assist actuaries and others in the modelling and management of operational risk. One of the key challenges in modelling operational risk is the modelling of dependencies between operational risks, and between operational and non-operational risks such as market, credit and insurance risk.

  • KSS event in Glasgow: Public Sector Pensions

    Hymans Robertson, Glasgow 20 Waterloo St, Glasgow
    30 January 2020

    Spaces available

    – the unappreciated key assumption, the resulting unsustainable promises, the unmanaged risk and the unrecognised debt? 

    Speaker: Allan Martin will present this talk on 30 January in Glasgow, Stirling and Edinburgh. If you wish to register for another location please return to the Events Calendar.

  • KSS event in Stirling: Public Sector Pensions

    M&G Prudential, Stirling Craigforth Campus, Stirling
    30 January 2020

    Spaces available

    – the unappreciated key assumption, the resulting unsustainable promises, the unmanaged risk and the unrecognised debt? 

    Speaker: Allan Martin will present this talk on 30 January in Glasgow, Stirling and Edinburgh. If you wish to register for another location please return to the Events Calendar.

  • KSS event in Edinburgh: Public Sector Pensions

    Hymans Robertson 1, Exchange Place, Semple St, Edinburgh
    30 January 2020

    Spaces available

    – the unappreciated key assumption, the resulting unsustainable promises, the unmanaged risk and the unrecognised debt? 

    Speaker: Allan Martin will present this talk on 30 January in Glasgow, Stirling and Edinburgh. If you wish to register for another location please return to the Events Calendar.

  • The Great Risk Transfer – Breakfast briefing and launch event

    Staple Inn Hall, High Holborn London WC1V 7QJ
    31 January 2020

    Fully booked.

     

    Launch of the IFoA’s 2020 thought leadership campaign The Great Risk Transfer. The campaign will examine the trend of the transfer of risk from institutions to individuals, and how people can be better equipped to manage the financial risks they now face. At this breakfast event the IFoA will launch a call for evidence on this topic.

  • Joint IFoA and SOAT Professional Skills Training event - Bangkok

    Thai Life Insurance PCL, 13th Floor, Meeting Room 13/2, 123 Ratchadaphisek Road, Din Daeng, Bangkok 10400, Thailand  
    7 February 2020

    Spaces available

    This session is jointly organised by the Institute and Faculty of Actuaries (IFoA) and the Society of Actuaries of Thailand (SOAT).

    Video case studies will be selected from the IFoA’s 2019/2020 online content which covers a range of topics under an overarching theme of “A Trusted Profession”. This session is suitable for actuaries working in any area (i.e. it is not specifically aimed at Life, GI or any other technical discipline) and is interactive, so you should come along prepared to take part in the discussions.

     

  • Cyber Risk Event

    Staple Inn Hall, High Holborn, London, WC1V 7QJ
    10 February 2020

    Spaces available

    What do good cyber practices look like and, to what extent, can we as an industry implement these operationally and recognise these for underwriting?

  • KSS event: Where now for pensions?

    Royal London Group, 1 Thistle Street, Edinburgh, EH2 1DG
    18 February 2020

    Spaces available

    With a single party government at Westminster holding a comfortable majority, and with the first phase of Brexit complete, the potential for radical reforms of the pensions landscape is increased. 

    Former Pensions Minister Steve Webb discusses what changes we can expect to see in pensions including in state pensions, pension tax relief, automatic enrolment and the workplace pension landscape.

  • Sessional: Impact of E-cigarettes Working Party

    Royal College of Physicians, 9 Queen St, Edinburgh EH2 1JQ
    24 February 2020

    Spaces available

    This sessional meeting will be of direct interest to actuaries and others working in the in the Health and Care, Life or Pensions sectors or indeed actuaries with an interest in morbidity or mortality. Note: Registration is from 17.30 in time for the sessional to begin at 18.00.

  • KSS event: How is Scotland’s population changing and what are the implications?

    New Register House, 3 West Register Street, Edinburgh
    5 March 2020

    Spaces available

    The National Records of Scotland (NRS) collects, preserves and produces information about Scotland's people and history to inform current and future generations - work that underpins the fabric of Scottish society and tells the story of our nation. This KSS talk will explore the following and other areas impacting Scotland’s changing population, and assess the potential implications of the changes:

  • Board agenda: Why Responsible Investing, ESG, and Climate Change matters to Pension Funds, Companies

    Staple Inn, 4 High Holborn, Holborn, London. WC1V 6DR, UK
    19 March 2020

    Spaces available

    Recent years have seen ESG, Climate Change, and Responsible Investing thrust onto the corporate agenda in every boardroom. The same also be said for pension funds. Expectations of how companies should respond are high and NEDs on Boards are expected to adapt and adjust their guidance to companies accordingly. What does this mean for Actuaries serving as NEDs and Trustees?

  • KSS event: A Cashless Society- Benefits, Risks, Issues and Developments

    Deloitte, 4th Floor, Saltire Court, 20 Castle Terrace
    19 March 2020

    Spaces available

    Speaker: Iain Collier, Chair of the CSWP

    The talk will look to cover the following: Progression towards a Cashless Society • Developments home and overseas • Benefits, Risks and Issues • Crypto Currencies and Central Bank Digital Currencies.

    There will be an extended Q&A session at the end of the event.

  • Spring Lecture 2020, Edinburgh - Vicky Pryce

    Assembly Rooms, 54 George St, Edinburgh EH2 2LR
    25 March 2020

    Spaces available

    What next in Economic Policy? Please join us for our annual Spring Lecture presented by Vicky Pryce in Edinburgh. Vicky is Chief Economic Adviser and a board member at the Centre for Economics and Business Research (CEBR).

  • Spring Lecture 2020: Live Streaming

    Webinar
    25 March 2020

    Spaces available

    What next in Economic Policy? Please join us on 25 March 2020 for the live stream of our annual Spring Lecture presented by Vicky Pryce in Edinburgh. Vicky is Chief Economic Adviser and a board member at the Centre for Economics and Business Research (CEBR).

  • SIAS Event: CMI Update

    Staple Inn Hall, High Holborn, London, WC1V 7QJ
    1 April 2020

    Spaces available

    Following the release of the updated CMI Mortality Projection Model, CMI_2019, the CMI Mortality Projections Committee will lead a discussion on future mortality improvements.

  • IFoA Asia Conference 2020, Kuala Lumpur

    CCEC Nexus, 7, Jalan Kerinchi, Bangsar South, 59200 Kuala Lumpur, Wilayah Persekutuan Kuala Lumpur, Malaysia
    24-25 June 2020
    Spaces available

    Join us at the IFoA Asia Conference 2020 at CCEC Nexus, Kuala Lumpur where intellectual thought leaders, senior industry players, opinion formers, academics, actuaries and non-actuaries from across Asia and beyond are expected to attend. This year's landmark conference promises to an exciting one as our first Asian President-elect, Tan Suee Chieh will, as newly appointed president of the IFoA, use his presidential address to highlight the two key pillars of the IFoA’s emerging strategy:

    • the reinvention of the profession in terms of its skillsets and mind-sets so that we can thrive in an increasing range of domains in a digital age;
    • the widening application of actuarial science in achieving social impact and sustainability goals.

    We are also delighted to announce that the Honourable Mr. Lim Guan Eng, Minister of Finance, Malaysia, will be the guest of honour at this year's conference.

    Should you be interested in presenting and sharing your expertise with international industry players, opinion formers, peers, and academics, please submit your proposal by 20 January.

    Early bird registration is now open until 1 March.  10% group discounts are offered to a minimum of six IFoA members booking in a single transaction.  Limited spaces are available, so please sign-up early to avoid disappointment.