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- Tasks: Oversee financial risks and support strategic planning in a dynamic insurance environment.
- Company: Join a leading general insurance group focused on innovation and collaboration.
- Benefits: Enjoy a forward-thinking culture with opportunities for professional growth and development.
- Why this job: Make a real impact by shaping financial strategies and enhancing risk management practices.
- Qualifications: Ideal for qualified or part-qualified actuaries or financial risk professionals with relevant experience.
- Other info: Experience in Solvency II and PRA-regulated contexts is a plus.
The predicted salary is between 43200 - 72000 £ per year.
We are working with a leading general insurance group to recruit a Financial Risk Manager to support their Risk & Compliance function at group level. Reporting to the Head of Financial Risk, this newly created role will play a key part in providing 2nd line oversight of financial risks across the business, including reinsurance, capital, reserves, and investment strategies.
Key Responsibilities include but are not limited to:
- Providing 2nd line oversight and assurance of material financial risks, including deep dive reviews and policy updates.
- Supporting the delivery and validation of the Group ORSA process, stress testing, and capital planning.
- Embedding and overseeing the Group's Model Risk Management Framework.
- Liaising closely with Finance and Actuarial teams to challenge key assumptions and identify emerging risks.
- Attending and contributing to forums including Reserving, Investment, and Finance Committees.
- Supporting risk reporting and contributing to Board and Executive Committee papers.
This is an exciting opportunity for a qualified or part-qualified actuary or a financial risk professional with equivalent experience looking to take on a strategic oversight role within a forward-thinking and collaborative environment. General insurance experience within a Solvency II and PRA-regulated context is highly desirable.
Apply below to learn more about this opportunity.
Financial Risk Manager employer: ZipRecruiter
Contact Detail:
ZipRecruiter Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Financial Risk Manager
✨Tip Number 1
Network with professionals in the insurance and financial risk sectors. Attend industry events or webinars where you can meet people who work in similar roles. This can help you gain insights into the company culture and potentially get a referral.
✨Tip Number 2
Familiarise yourself with the latest trends and regulations in financial risk management, especially those related to Solvency II and PRA. Being well-versed in these areas will not only boost your confidence but also demonstrate your commitment to staying updated in the field.
✨Tip Number 3
Prepare to discuss specific examples of how you've managed financial risks in previous roles. Think about challenges you've faced and how you overcame them, as this will showcase your problem-solving skills and strategic thinking during interviews.
✨Tip Number 4
Engage with the company's online presence. Follow their social media accounts and participate in discussions. This shows your interest in the company and can provide you with valuable information about their current projects and priorities.
We think you need these skills to ace Financial Risk Manager
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in financial risk management, particularly in areas like reinsurance, capital, and reserves. Use specific examples that demonstrate your expertise in these fields.
Craft a Compelling Cover Letter: In your cover letter, express your enthusiasm for the role and the company. Discuss how your background as a qualified or part-qualified actuary aligns with the responsibilities of the Financial Risk Manager position.
Highlight Relevant Skills: Emphasise skills that are crucial for the role, such as analytical thinking, attention to detail, and experience with stress testing and capital planning. Mention any familiarity with Solvency II and PRA regulations.
Proofread Your Application: Before submitting, carefully proofread your application materials. Ensure there are no spelling or grammatical errors, and that all information is clear and concise. A polished application reflects your professionalism.
How to prepare for a job interview at ZipRecruiter
✨Understand the Financial Risk Landscape
Make sure you have a solid grasp of the current financial risk environment, especially in relation to general insurance and Solvency II regulations. Familiarise yourself with recent trends and challenges in the industry, as this will demonstrate your proactive approach and commitment to the role.
✨Prepare for Technical Questions
Expect to be asked about specific financial risk management techniques, such as stress testing and capital planning. Brush up on your knowledge of the Group ORSA process and be ready to discuss how you would approach oversight and assurance of financial risks.
✨Showcase Your Collaborative Skills
This role requires close collaboration with Finance and Actuarial teams. Be prepared to share examples from your past experiences where you successfully worked in a team setting, challenged assumptions, or identified emerging risks. Highlighting your interpersonal skills will be key.
✨Engage with the Company’s Values
Research the company’s culture and values before the interview. Be ready to discuss how your personal values align with theirs, particularly in terms of collaboration and forward-thinking strategies. This will help you stand out as a candidate who is not only qualified but also a good cultural fit.
