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- Tasks: Shape and enhance the Operational Risk framework while ensuring compliance.
- Company: Join a leading global specialty insurance business making an impact in risk management.
- Benefits: Enjoy a full-time role with opportunities for growth and collaboration with senior stakeholders.
- Why this job: Be at the forefront of risk strategy in a dynamic and reputable insurance environment.
- Qualifications: Must have UK insurance experience and proven skills in operational risk and stakeholder management.
- Other info: This is a mid-senior level position with significant influence on risk governance.
The predicted salary is between 48000 - 72000 £ per year.
I have partnered with a global specialty insurance business to find an Operational Risk Manager to join their team. This is a key role in the second line of defence, working closely with senior stakeholders to manage and enhance the Operational Risk framework while ensuring regulatory compliance.
This is an exciting opportunity to shape risk strategy within a leading global insurer.
Key Responsibilities:
- Develop and implement the Operational Risk strategy for UK & Europe.
- Maintain and enhance the risk framework, ensuring effective risk identification, monitoring, and mitigation.
- Lead risk reporting to senior management, committees, and regulators.
- Support governance processes, facilitating risk committee operations and advising on key risk issues.
- Ensure compliance with key regulations, including Operational Resilience and Third-Party Risk Management.
Skills & Experience:
- Proven experience in operational risk, internal controls, and incident reporting.
- Knowledge of regulatory frameworks.
- Excellent stakeholder management and the ability to present to senior leadership.
- UK Insurance experience is a MUST.
Seniority level
Mid-Senior level
Employment type
Full-time
Job function
Other, Strategy/Planning, and Management
Industries
Insurance
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Operational Risk Manager employer: Arthur Recruitment
Contact Detail:
Arthur Recruitment Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Operational Risk Manager
✨Tip Number 1
Familiarize yourself with the specific regulatory frameworks relevant to the UK insurance industry. Understanding these regulations will not only help you in interviews but also demonstrate your commitment to compliance and risk management.
✨Tip Number 2
Network with professionals in the insurance sector, especially those who have experience in operational risk management. Engaging with industry peers can provide valuable insights and potentially lead to referrals for the position.
✨Tip Number 3
Prepare to discuss specific examples of how you've successfully managed operational risks in previous roles. Highlighting your hands-on experience will showcase your ability to enhance the risk framework effectively.
✨Tip Number 4
Stay updated on current trends and challenges in operational risk management within the insurance industry. Being knowledgeable about recent developments will allow you to engage in meaningful discussions during interviews.
We think you need these skills to ace Operational Risk Manager
Some tips for your application 🫡
Understand the Role: Take the time to thoroughly understand the responsibilities of an Operational Risk Manager. Familiarize yourself with the key aspects of risk management, regulatory compliance, and stakeholder engagement as outlined in the job description.
Tailor Your CV: Customize your CV to highlight relevant experience in operational risk, internal controls, and incident reporting. Make sure to emphasize your UK insurance experience and any specific achievements that demonstrate your ability to manage risk effectively.
Craft a Compelling Cover Letter: Write a cover letter that clearly articulates your understanding of the role and how your skills align with the company's needs. Mention your experience with regulatory frameworks and your ability to present to senior leadership, as these are crucial for the position.
Highlight Stakeholder Management Skills: In both your CV and cover letter, provide examples of your stakeholder management experience. Discuss how you have successfully communicated risk strategies to senior management and facilitated governance processes in previous roles.
How to prepare for a job interview at Arthur Recruitment
✨Showcase Your Regulatory Knowledge
Make sure to highlight your understanding of key regulations such as Operational Resilience and Third-Party Risk Management. Be prepared to discuss how you've navigated these frameworks in your previous roles.
✨Demonstrate Stakeholder Management Skills
Since this role involves working closely with senior stakeholders, share specific examples of how you've effectively managed relationships and communicated risk strategies to leadership in the past.
✨Prepare for Risk Reporting Scenarios
Anticipate questions related to risk reporting. Be ready to explain how you would lead risk reporting to senior management and committees, including what metrics you would prioritize and why.
✨Discuss Your Experience in the UK Insurance Sector
Given that UK insurance experience is a must, be prepared to discuss your relevant background in this area. Highlight any specific challenges you've faced and how you've successfully addressed them.
