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- Tasks: Lead risk management initiatives and foster a culture of risk awareness at Direct Line Group.
- Company: Join Direct Line Group, a powerhouse in the insurance industry with renowned brands.
- Benefits: Enjoy flexible hybrid working, 30 days leave, and a 9% pension contribution.
- Why this job: Be part of a transformative team shaping risk management and influencing company culture.
- Qualifications: Significant experience in risk and controls within regulated environments, preferably insurance.
- Other info: Embrace diversity and bring your authentic self to work in an inclusive environment.
The predicted salary is between 48000 - 72000 £ per year.
Senior Risk Manager – FTC 12 Months
Senior Risk Manager – FTC 12 Months
Apply locations London – Riverbank House time type Full time posted on Posted 8 Days Ago job requisition id R-18232
Job Description
About Us
At Direct Line Group, insurance is just the start. Combining decades of industry experience with talented people in every field, we’re a customer-obsessed market powerhouse. And we all work together to be brilliant for customers, every single day.
We are Direct Line Group – home to some of the country’s best-known brands including Direct Line, Churchill, Privilege and Green Flag. DLG’s growth is supported by our Risk & Compliance function which develops, implements and maintains risk management policies, procedures, tools, and framework for us. We are currently recruiting for 2 x Senior Risk Managers for our COO & Motor functions.
What you’ll be doing
Direct Line Group (DLG) has created a new Chief Controls Office (CCO) within the first line of defence as part of groupwide risk and control transformation programme that is now in its second year. This provides a unique opportunity to be part of a group of skilled risk professionals that are redeveloping the end-to-end risk and control framework, which includes launching new RCSAs, control testing, a new integrated risk management system, as well as rebuilding risk management capabilities across the first line and positively influencing a robust risk-aware culture across DLG. As a Senior Risk Manager in CCO your role will be to:
Key Accountabilities
- Ensuring DLG fosters a culture of risk awareness and controls.
- Support leadership of risk management and the RCSA process in the assigned business areas, enabling the business to understand their control environment, relative risks and drive a culture of action planning and remediation resolution.
- Deputise for Head of Risk (First Line) as required.
- Extensive experience in delivering risk frameworks, control reviews and risk profile design and delivery.
- Ability to define key actions and lead pieces of work that support CCO and the wider business.
- Drive the root cause resolution of control failures and gaps in the business functions risk and control profile to continually strengthen the risk and control environment and outlook of the function, protecting customer and business outcomes.
- Developing methods to identify key risks that may impact our operations, the delivery of the DLG business strategy, or present a threat to our group risk appetite or compliance status.
- Building relationships at every level, with excellent stakeholder management skills, influence and drive decisions/actions across senior stakeholders and up to executive level.
- Communicate complex topics in a relevant and simple way, with excellent communication skills – written and verbal.
- Successfully manage multiple conflicting critical priorities at once, ensuring stakeholder alignment and delivery date achievement, both in time and quality outputs/outcomes.
- Impactful presenting skills, through gravitas and knowledge to drive the right customer and business outcomes.
- Drive first line risk and assurance governance objectives, ensuring accurate management information and reporting.
- Ownership of Workiva (risk system) and data inputs, ensuring risk teams have the right capability and necessary skills training to provide quality outputs.
- Developing and delivering reports that provide a real-time compliance ‘dashboard’ for use at all levels of the organisation and enables tangible and visible risk reduction.
- Keeping up with emerging technologies, industry trends, and regulatory change.
- Leading and mentoring a team of Risk and compliance specialists, facilitating teamwork dynamics and interactions with the business.
- Driving collaboration across risk functions, operational teams and change programmes to ensure the appropriate technical capacity, capability and knowledge sharing is in place.
- Managing and maintaining relationships with senior stakeholders within DLG and externally – with suppliers, partners, etc.
- Awareness of audit and testing assurance programmes and ensure business is aware and taking action to support regulatory requirements as well as internal standards and policies.
- Working closely and collaboratively with the Central Control Testing & Assurance Teams, as well as the Central Policy, Framework and Reporting Team within the Chief Controls Office.
What you’ll need
Technical
- Significant Risk and Controls experience in a highly regulated business environment, ideally gained in the Insurance industry.
- Ability to undertake risk deep dives including process review, root cause analysis, impact assessment and risk response.
- Experience in leading, managing and delivering governance, risk and assurance initiatives and embedding frameworks.
- Strong collaboration, conflict resolution, influencing and negotiation skills.
- Demonstrated ability in strong verbal and written communication skills to interface with both technical and non-technical stakeholders.
- Ability to engage people through leading by example and cultivating an integrated risk culture of transparency and curiosity.
Ways of working
Our hybrid model way of working offers a ‘best of both worlds’ approach combining the best parts of home and office-working, offering flexibility for everyone. When you’ll be in the office depends on your role, but most colleagues are in 2 days a week, and we’ll consider the flexible working options that work best for you.
This role will be based at our London Office.
What we’ll give you
We wouldn’t be where we are today without our people and the wide variety of perspectives and life experiences they bring. That’s why we offer excellent benefits to suit your lifestyle and a flexible working model combining the best parts of home and office-working, varying with the nature of your role. Our core benefits include:
- 9% employer contributed pension.
- 50% off home, motor and pet insurance plus free travel insurance and Green Flag breakdown cover.
- Additional optional Health and Dental insurance.
- Up to 20% bonus.
- EV car scheme allows all colleagues to lease a brand new electric or plug-in hybrid car in a tax-efficient way.
- Private Healthcare.
- 30 days annual leave.
- Buy as you earn share scheme.
- Employee discounts and cashback.
- Plus many more!
Being Yourself
Difference makes us who we are. We believe everyone should feel comfortable to bring their whole selves to work – that’s why we champion diverse voices, build workplaces that work for people, and invest in the things that matter. From senior leadership to inclusivity networks, adaptive working to inclusion training, we’ve made it our mission to give you everything you need to be authentically you. Discover more at directlinegroupcareers.com
Together we’re one of a kind.
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Senior Risk Manager - FTC 12 Months employer: Direct Line Insurance Group
Contact Detail:
Direct Line Insurance Group Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Senior Risk Manager - FTC 12 Months
✨Tip Number 1
Familiarize yourself with the specific risk management frameworks and tools used in the insurance industry. Understanding these will help you demonstrate your expertise during discussions and interviews.
✨Tip Number 2
Network with current or former employees of Direct Line Group to gain insights into their risk culture and expectations. This can provide you with valuable information that can set you apart from other candidates.
✨Tip Number 3
Prepare to discuss your experience with root cause analysis and how you've successfully implemented risk management initiatives in previous roles. Be ready to share specific examples that highlight your impact.
✨Tip Number 4
Showcase your ability to communicate complex topics simply and effectively. Practice explaining risk concepts to non-technical stakeholders, as this skill is crucial for the Senior Risk Manager role.
We think you need these skills to ace Senior Risk Manager - FTC 12 Months
Some tips for your application 🫡
Understand the Role: Before applying, make sure you fully understand the responsibilities and requirements of the Senior Risk Manager position. Tailor your application to highlight your relevant experience in risk management and controls.
Highlight Relevant Experience: In your CV and cover letter, emphasize your significant risk and controls experience, particularly in a regulated environment like insurance. Provide specific examples of how you've successfully managed risk frameworks and governance initiatives.
Showcase Communication Skills: Given the importance of communication in this role, ensure your application reflects your strong verbal and written communication skills. Use clear and concise language to demonstrate your ability to convey complex topics simply.
Demonstrate Leadership and Collaboration: Highlight any experience you have in leading teams or collaborating with stakeholders. Discuss how you've influenced decisions and driven actions across various levels of an organization, as this is crucial for the Senior Risk Manager role.
How to prepare for a job interview at Direct Line Insurance Group
✨Understand the Risk Framework
Make sure you have a solid grasp of risk management frameworks, especially in a regulated environment like insurance. Be prepared to discuss your experience with RCSAs and control testing, as these are key components of the role.
✨Showcase Your Stakeholder Management Skills
Highlight your ability to build relationships and influence decisions at all levels. Prepare examples of how you've successfully managed conflicting priorities and aligned stakeholders in previous roles.
✨Communicate Clearly and Effectively
Practice explaining complex risk concepts in simple terms. The interviewers will be looking for your communication skills, so be ready to demonstrate how you can convey important information to both technical and non-technical audiences.
✨Demonstrate Leadership and Team Collaboration
Be prepared to discuss your experience in leading teams and fostering a culture of risk awareness. Share specific examples of how you've mentored others and driven collaboration across different functions.
