Actuarial Development Programme
- Help insurance firms prepare for every eventuality
- Gain broad exposure while building specialist expertise
- Qualify as a Fellow of the Institute and Faculty of Actuaries
- Enjoy a salary increase each time you pass an exam
Learn how to assess the risks facing the insurance industry, to challenge insurers on anything from changing demographics and lengthening life spans to new regulations and the likelihood of a natural disaster or market crash, and to make the firms we regulate safer and sounder, all while building a thriving career at the heart of the UK economy.
Our Actuarial Development Programme will give you broad exposure to firms in either the life or general insurance industry and you will also carry out research and analysis within risk-specific specialisms. You’ll meet with the firms we regulate, prepare succinct reports and make persuasive recommendations.
What’s more, you’ll enjoy all the encouragement and opportunity you need to learn and progress. This starts with an initial two-year training programme which will introduce you to the wider work of the Bank, help you develop personal and business skills as well as technical expertise. We'll also support you through your professional studies with study leave and funding for study materials and support.
Bring us a 2:1 in any subject, at least 120 UCAS points using the 2017 UCAS Tariff System (this is equivalent to 300 UCAS points using the pre 2017 UCAS Tariff System), and an A-Level (or equivalent) in Maths at grade B or above - include with that strong analytical skills, and plenty of initiative and drive, and you could soon be making an impact not only on the Bank and the insurance industry, but on the wider economy too.
We look for people who are about to graduate or have graduated in the last two years.
Our graduate development programme is aimed at graduates with two years’ work experience or less, and is created to support and develop grads at the beginning of their careers with a mixture of business and technical skills sessions.
If you are interested in working at the Bank of England and have more than two years' work experience, please take a look at our experienced hire roles on our careers website.
Note: to select the Actuarial option you will first need to select the Specialist stream within the application form.
Applications for the 2019 Actuarial Development Programme are now closed.
For any further queries on the application process, please contact the Bank of England Team at Penna.