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For Companies At a Glance
- Tasks: Support risk identification, mitigation, and monitoring across various risk areas.
- Company: Join a respected UK insurer focused on enhancing risk maturity and culture.
- Benefits: Enjoy flexible working and a supportive team environment.
- Why this job: Make a meaningful impact while collaborating with senior leaders in a flat structure.
- Qualifications: Experience in risk management, ideally in financial services or insurance, is essential.
- Other info: Opportunity to develop a proactive risk culture and deliver training across the organisation.
The predicted salary is between 48000 - 52000 £ per year.
Are you a risk professional looking to make a meaningful impact across operational, financial, and conduct risk areas? A well-respected UK-based insurer is seeking a Risk Manager to join its growing second-line risk function. This role is ideal for someone with experience in financial services and a strong understanding of risk management frameworks, looking to work closely with the business to enhance risk maturity and culture.
The Role
- Partner with business units to support effective risk identification, mitigation, and monitoring.
- Provide oversight and challenge on first-line risk management activities across operational, financial, conduct, and insurance risk areas.
- Lead and facilitate risk assessments, including RCSAs and risk appetite monitoring.
- Support the delivery of risk reporting to senior stakeholders, Board committees, and regulators.
- Monitor adherence to internal policies and regulatory requirements, escalating breaches where appropriate.
- Conduct risk-based assurance and control testing.
- Contribute to the development of a proactive risk culture and deliver risk training and tools to the wider organisation.
- Support compliance activities and help manage regulatory risk exposure.
What We’re Looking For
- Solid experience in risk management, ideally within financial services or insurance.
- Strong working knowledge of risk frameworks, regulatory expectations, and operational risk tools (e.g., RCSAs, risk appetite statements).
- Excellent communication and interpersonal skills to influence and guide first-line stakeholders.
- Analytical mindset, attention to detail, and a collaborative approach.
- Strategic thinker with a proactive, hands-on style.
Desirable Qualifications
- Studying towards or achieved a relevant risk-related qualification (e.g., IRM, CERA, ICA, or equivalent).
Why Apply?
- Join an organisation committed to embedding a strong risk culture.
- Gain exposure across a wide range of risk types and strategic initiatives.
- Work closely with senior leaders in a flat, collaborative structure.
- Flexible working with a supportive team environment.
Contact Detail:
Job Traffic Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Risk Manager - Insurance
✨Tip Number 1
Network with professionals in the insurance and financial services sectors. Attend industry events, webinars, or local meetups to connect with individuals who can provide insights into the company culture and the specific challenges they face in risk management.
✨Tip Number 2
Familiarise yourself with the latest regulatory changes and risk management frameworks relevant to the insurance sector. This knowledge will not only help you in interviews but also demonstrate your commitment to staying updated in a rapidly evolving field.
✨Tip Number 3
Prepare to discuss specific examples of how you've successfully identified and mitigated risks in previous roles. Use the STAR method (Situation, Task, Action, Result) to structure your responses, showcasing your analytical mindset and collaborative approach.
✨Tip Number 4
Research the company's risk culture and recent initiatives. Tailor your discussions to align with their values and goals, showing that you're not just a fit for the role but also genuinely interested in contributing to their mission.
We think you need these skills to ace Risk Manager - Insurance
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights your experience in risk management, particularly within financial services or insurance. Use specific examples that demonstrate your understanding of risk frameworks and your ability to influence stakeholders.
Craft a Compelling Cover Letter: In your cover letter, express your passion for risk management and how you can contribute to the company's risk culture. Mention your relevant qualifications and experiences, and explain why you're excited about this particular role.
Highlight Relevant Skills: Emphasise your analytical mindset, attention to detail, and communication skills in both your CV and cover letter. These are crucial for the role, so provide examples of how you've successfully used these skills in past positions.
Proofread Your Application: Before submitting, carefully proofread your application materials. Check for any spelling or grammatical errors, and ensure that all information is clear and concise. A polished application reflects your professionalism and attention to detail.
How to prepare for a job interview at Job Traffic
✨Understand the Risk Frameworks
Make sure you have a solid grasp of risk management frameworks, especially those relevant to the insurance sector. Be prepared to discuss how you've applied these frameworks in your previous roles and how they can enhance risk maturity within the organisation.
✨Showcase Your Communication Skills
As a Risk Manager, you'll need to influence and guide stakeholders effectively. Practice articulating complex risk concepts in a clear and concise manner. Think of examples where your communication skills made a difference in risk management outcomes.
✨Prepare for Scenario-Based Questions
Expect questions that assess your analytical mindset and problem-solving abilities. Prepare for scenario-based questions where you might need to demonstrate how you would handle specific risk situations or challenges in the business.
✨Highlight Your Collaborative Approach
This role requires working closely with various business units. Be ready to share examples of how you've successfully collaborated with different teams to identify and mitigate risks, and how you fostered a proactive risk culture in your previous positions.
