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For Companies At a Glance
- Tasks: Lead risk management, oversee frameworks, and engage with senior stakeholders.
- Company: Join a respected Lloyd's market insurer known for its innovative approach.
- Benefits: Enjoy a senior leadership role with high visibility and impact on strategy.
- Why this job: Shape the future of risk management in a forward-thinking environment.
- Qualifications: Significant experience in risk management within insurance or financial services required.
- Other info: Opportunity to develop a high-performing team and promote a culture of engagement.
The predicted salary is between 72000 - 108000 £ per year.
Job Description
An established and highly regarded Lloyd’s market insurer is seeking a dynamic and experienced Head of Risk to support the Chief Risk Officer in embedding and enhancing a robust, forward-looking risk management framework. This is a senior leadership role with high visibility, offering the opportunity to make a significant impact on the strategic direction and resilience of the organisation.
As Head of Risk, you will play a critical role in the continued development of the risk management framework, ensuring alignment with regulatory requirements and Lloyd’s standards. The successful candidate will bring commercial insight, strong leadership, and a proactive approach to risk oversight, helping the organisation achieve its long-term strategic goals.
Key Responsibilities:
- Risk Framework Management: Oversee risk registers, RCSA processes, emerging risks, scenario analysis, and risk appetite development. Ensure all risk reporting is clear, actionable, and business-relevant.
- Own Risk and Solvency Assessment (ORSA): Lead the end-to-end ORSA process, ensuring timely and accurate delivery to senior stakeholders.
- Internal Model Validation: Oversee governance and annual validation of the internal model, ensuring compliance with Lloyd’s standards and internal expectations.
- Governance: Actively participate in senior management and board-level risk discussions, presenting key reports including the ORSA and Validation Reports.
- Climate Risk & Sustainability: Lead the development of the climate risk framework and contribute to sustainability strategy; ensure market alignment.
- Strategic Risk Input: Provide risk oversight and challenge to major business initiatives and projects.
- Training & Culture: Promote risk awareness and provide training across the organisation.
- Regulatory Engagement: Serve as the main contact for Lloyd’s and PRA, ensuring high-quality submissions and effective communication.
- Leadership: Develop, mentor, and manage a high-performing risk team, ensuring appropriate resource levels and fostering a culture of engagement and performance.
Ideal Candidate Profile:
- Significant risk management experience in the insurance or financial services sector, preferably within the Lloyd’s market.
- Strong knowledge of regulatory requirements, risk frameworks, and capital modelling practices.
- Proven experience in managing ORSA processes, internal model validation, and risk governance.
- Excellent communication and stakeholder engagement skills, with experience presenting at Board or committee level.
- Demonstrated leadership ability with a collaborative and proactive approach to team development.
- Familiarity with climate risk, sustainability strategies, and emerging risk management.
This is an exciting opportunity for an individual with deep risk expertise and strategic insight to shape the future of risk management within a respected and forward-thinking insurance business.
Please reach out to as@arthur.co.uk to learn more.
Head of Risk employer: Arthur Recruitment
Contact Detail:
Arthur Recruitment Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Head of Risk
✨Tip Number 1
Network with professionals in the Lloyd's market and risk management sectors. Attend industry events, webinars, or conferences to connect with key players and gain insights into current trends and challenges in risk management.
✨Tip Number 2
Familiarise yourself with the latest regulatory requirements and risk frameworks specific to the Lloyd's market. This knowledge will not only enhance your understanding but also demonstrate your commitment to staying updated in this dynamic field.
✨Tip Number 3
Prepare to discuss your leadership style and experiences in developing high-performing teams. Highlight specific examples where you've successfully mentored team members or led initiatives that improved risk management practices.
✨Tip Number 4
Showcase your ability to communicate complex risk concepts clearly and effectively. Be ready to present case studies or scenarios where your communication skills made a significant impact on stakeholder engagement or decision-making.
We think you need these skills to ace Head of Risk
Some tips for your application 🫡
Understand the Role: Before applying, make sure you fully understand the responsibilities and requirements of the Head of Risk position. Tailor your application to highlight your relevant experience in risk management, particularly within the insurance or financial services sector.
Craft a Compelling CV: Your CV should clearly outline your significant risk management experience, especially any roles related to ORSA processes, internal model validation, and governance. Use quantifiable achievements to demonstrate your impact in previous positions.
Write a Strong Cover Letter: In your cover letter, express your enthusiasm for the role and the company. Highlight your leadership skills and how your proactive approach aligns with the company's strategic goals. Mention your familiarity with climate risk and sustainability strategies, as these are key aspects of the role.
Review and Edit: Before submitting your application, thoroughly review all documents for clarity and accuracy. Ensure that your language is professional and free of errors. Consider asking a trusted colleague to provide feedback on your application materials.
How to prepare for a job interview at Arthur Recruitment
✨Understand the Risk Framework
Familiarise yourself with the company's risk management framework and Lloyd's standards. Be prepared to discuss how your experience aligns with their requirements and how you can enhance their existing processes.
✨Showcase Leadership Skills
As a senior role, demonstrate your leadership capabilities by sharing examples of how you've developed and managed high-performing teams. Highlight your collaborative approach and how you've fostered a culture of engagement in previous roles.
✨Prepare for Regulatory Discussions
Since you'll be the main contact for regulatory bodies, brush up on relevant regulations and compliance standards. Be ready to discuss your experience with ORSA processes and how you've ensured high-quality submissions in the past.
✨Emphasise Communication Skills
Strong communication is key for this role. Prepare to present your ideas clearly and confidently, especially when discussing complex risk concepts. Think of examples where you've successfully engaged stakeholders at various levels, including board presentations.
