Webinar: BA&F Careers Event: Are your actuarial skills transferable from insurance to banking?
This event is now available to view on: actuview
Morgan McKinley are delighted to announce a networking webinar for actuaries and banking people and managers.
Both the traditional and the fintech banking industry compete for talent in many areas of finance and to date only a small number of such firms have recognised the significant source of talent available in the actuarial profession; fewer still have employed actuaries for roles in pricing, product development, capital management, and asset-liability management in the banking industry.
The webinar will illustrate just how transferable actuarial skills are to the banking industry with detailed examples of the transferability of pricing, product development, capital management, and asset-liability management skills though the personal reflections of the experience of two actuaries who have made the transition.
There will be time for questions at the end of the webinar
|
Time |
Topic |
Speakers |
|
0800 - 0805 |
Introduction by Chairperson |
Susan Nix, Client Director at Morgan McKinley |
|
0805 - 0820 |
Similarities between insurance product development and banking product development |
John Nugent, Head of Premier and Private Banking at Bank of Ireland |
|
0820 - 0835 |
Transfer your asset-liability management or capital modelling skills from an insurance undertaking to a credit institution |
Niall Dillon, Head of Capital Management at AIB Bank |
|
0835 - 0840 |
Comparison of study support benefits between insurance undertakings and credit institutions |
John Caslin, Chairperson of the Banking & Aviation Finance Sub-Committee of the Society of Actuaries in Ireland |
|
0840 - 0900 |
Questions and answers |
Chairperson: Susan Nix |
John Nugent has over 18 years’ experience in the Financial Services Industry and as a well-recognised leader in the industry has vast experience in finance, product & proposition design and management, leadership, technology and business transformation. In John’s current role he is responsible for all mass affluent and high net-worth customers in Bank of Ireland. John is a qualified actuary and member of the Society of Actuaries in Ireland. He also has the qualification of Qualified Financial Advisor and was recent Chairman of the Dublin LIA which is educational body for financial advisors in Ireland. He is still a committee member of the Dublin LIA. As a proud West Waterford man he is keen to give back to his local area and has recently become a director on the Dungarvan and West Waterford Chamber.
Niall Dillon is Head of Capital Management in AIB. Capital Management drives use of capital resources, as well as determining the level and quality of capital the Bank needs to support its strategic and financial objectives, commensurate with the risks to which it is exposed. Capital management is responsible for Bank’s risk adjusted pricing framework, ICAAP (Bank ORSA equivalent), ECB Stress testing, and the Bank’s recovery plan. Niall actively engages with local and other European industry bodies on the evolving Capital/SREP (and previously liquidity) regulatory environment and is a member of the Society’s Banking & Aviation Finance sub-committee.
John Caslin is a Fellow of the Society of Actuaries in Ireland and currently chairs the Banking and Aviation Finance Committee of the Society of Actuaries in Ireland. In 2020, he authored a banking discussion paper entitled 'The First ‘Real’ Test of IFRS 9 - The Economic Fallout from the COVID-19 Pandemic’ which was published on the Society’s website and, together will Niall Dillon, ran a banking webinar for the Society entitled "Walking the Tight Rope between Providing Liquidity to Individuals and Businesses during the COVID-19 Pandemic and Capital Adequacy". He has served as a director of iShares plc, a director of Alder Capital, and as a member of the investment committee of the board of Eagle Star (now Zurich). He is currently the Head of Investment Innovation at Aviva in Dublin.
Susan Nix has 20 years’ recruitment experience, and is Client Director in Morgan McKinley. Morgan McKinley is an Irish Owned Global Recruitment Group with Offices in Ireland, London, Canada, Singapore, Hong Kong, Shanghai, and Sydney. Susan and her team specialise in a number of areas including banking, professional services, payments, funds & asset management and works with professionals for roles across operations, risk & compliance, investments, strategy, and change. Susan is always keen to share her extensive experience and market knowledge and coaching people is what she finds most satisfying about her role.