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- Tasks: Lead the Financial Market Risk team and manage investment portfolio risks.
- Company: Join a leading financial group focused on innovative risk management.
- Benefits: Enjoy competitive salary, 30 days leave, private health insurance, and more perks.
- Why this job: Make an impact in risk management while developing your leadership skills in a dynamic environment.
- Qualifications: Extensive experience in financial risk; qualifications like FIA/FFA or CFA preferred.
- Other info: Flexible working options and opportunities for professional growth.
The predicted salary is between 72000 - 108000 £ per year.
As Head of Financial Market Risk, you will oversee the risk management of the Group’s investment portfolios, focusing on market, credit, and liquidity risks. Reporting to the Group Chief Risk Officer, you will lead the Financial Market Risk team and collaborate with other Risk Pillars, including Enterprise Risk, Insurance Risk, and Chief Risk Officers of various entities. You will also work closely with senior leadership, including Investment, Finance, and Actuarial teams, to ensure effective risk management practices are in place.
Key Responsibilities
- Lead, mentor, and develop a team of financial market risk professionals, fostering a culture of excellence and continuous improvement.
- Participate in the Capital and Liquidity Committee, Group Executive Risk Committee, and Board Investment Committee to provide risk insights on relevant financial matters.
- Review economic scenario generators and oversee risk assessments related to them.
- Review and approve expansions or significant changes to portfolios, including new investment products and managers.
- Engage with investment managers to share market insights and risk evaluations.
- Validate liability-based benchmarks at group and entity levels.
- Validate market and credit risk parameters used in capital modeling.
- Conduct regular quantitative and qualitative risk reviews, including detailed deep-dives.
- Produce financial risk reports aligned with risk frameworks and investment guidelines, including forward-looking commentary.
- Review risk assumptions within the investment plan.
- Develop and monitor liquidity stress testing and risk frameworks.
- Maintain a comprehensive stress and scenario testing framework.
- Contribute to GSSA/ORSA reporting from a risk perspective, including stress testing.
- Build and maintain stakeholder relationships to ensure alignment with risk strategies.
Skills, Knowledge, and Expertise
- Extensive leadership experience in financial risk within insurance or actuarial consulting.
- Qualifications such as FIA/FFA, CFA, or equivalent.
- Proactive, adaptable, with strong analytical and problem-solving skills.
- Proven leadership and team management capabilities.
- Deep understanding of investment fundamentals, asset classes, and risk principles.
- Knowledge of risk management methodologies like VaR.
- Experience with ALM, investment portfolios, and strategies in insurance contexts.
- Understanding of risk-based economic and capital models, including Solvency II.
- Practical experience in quantitative risk modeling, preferably with stochastic models.
- Experience with ALGO is advantageous.
Benefits
- Competitive Salary
- 30 days Annual Leave
- Birthday Leave
- 10% Employer Pension Contribution
- Private Health Insurance
- Group Income Protection
- Life Assurance
- Enhanced Parental Leave
- Annual Health Check
- Volunteer Leave (3 days/year)
- Care Support (£1,300 annually)
- Give as You Earn
- Cycle to Work
- Season Ticket Loan
Head of Financial Market Risk employer: Starr Underwriting
Contact Detail:
Starr Underwriting Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Head of Financial Market Risk
✨Tip Number 1
Network with professionals in the financial risk management field. Attend industry conferences, webinars, or local meetups to connect with individuals who may have insights into the role and the company culture at StudySmarter.
✨Tip Number 2
Stay updated on current trends and challenges in financial market risk. Familiarise yourself with recent developments in risk management methodologies, especially those relevant to insurance and investment portfolios, to demonstrate your expertise during discussions.
✨Tip Number 3
Prepare to discuss your leadership style and experiences in managing teams. Think of specific examples where you successfully mentored team members or led projects that improved risk management practices, as this will be crucial for the Head of Financial Market Risk position.
✨Tip Number 4
Engage with our existing content and resources at StudySmarter. Understanding our approach to risk management and how we integrate it into our operations will help you align your vision with ours during the interview process.
We think you need these skills to ace Head of Financial Market Risk
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights your extensive leadership experience in financial risk, particularly within insurance or actuarial consulting. Emphasise relevant qualifications like FIA/FFA or CFA, and showcase your analytical and problem-solving skills.
Craft a Compelling Cover Letter: In your cover letter, explain why you are the perfect fit for the Head of Financial Market Risk position. Discuss your experience with risk management methodologies, your understanding of investment fundamentals, and how you can contribute to the team’s success.
Highlight Relevant Experience: When detailing your work history, focus on specific achievements related to financial market risk, such as leading teams, conducting quantitative risk reviews, or developing risk frameworks. Use metrics where possible to demonstrate your impact.
Showcase Stakeholder Engagement: Illustrate your ability to build and maintain stakeholder relationships. Provide examples of how you've collaborated with senior leadership or investment managers to align risk strategies and share market insights.
How to prepare for a job interview at Starr Underwriting
✨Showcase Your Leadership Skills
As the Head of Financial Market Risk, you'll be leading a team. Be prepared to discuss your leadership style and provide examples of how you've successfully mentored and developed teams in the past.
✨Demonstrate Your Technical Knowledge
Make sure you have a solid understanding of financial risk management methodologies, especially VaR and ALM. Be ready to discuss how you've applied these concepts in previous roles, particularly in insurance or actuarial contexts.
✨Prepare for Scenario-Based Questions
Expect questions that assess your ability to handle real-world risk scenarios. Think about how you would approach stress testing and risk assessments, and be ready to explain your thought process clearly.
✨Engage with Stakeholder Management
Since building relationships with stakeholders is crucial, prepare to discuss how you've effectively communicated risk insights to senior leadership and collaborated with various teams in your previous roles.
