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- Tasks: Lead financial risk assessments and reporting for an innovative insurance company.
- Company: Join a historic insurance group diversifying into the Bulk Annuity Purchase market.
- Benefits: Enjoy a competitive salary, bonuses, 30 days annual leave, and private medical care.
- Why this job: Be part of a dynamic team driving change in the financial risk landscape.
- Qualifications: Qualified Actuary with risk experience in UK-regulated financial services required.
- Other info: Office-based role in Aylesbury, with up to 5 days a week in the office.
The predicted salary is between 54000 - 126000 £ per year.
Audit & Risk Recruitment is recruiting for a Financial Risk Manager for an Insurance Company in Aylesbury, offering a salary of £90,000 + bonus (up to 25%). This role requires 3-5 days a week in the office.
The Insurance Group has a rich history and is currently diversifying its product portfolio by entering the Bulk Annuity Purchase market. They are expanding their Risk function with the creation of a new Financial Risk Manager role.
Reporting to the Chief Risk Officer, you will:
- Advise on the financial risks of the company, including credit risks related to Bulk Annuity Purchases.
- Provide 2LoD review, challenge, and reporting on commercial activities, including BPA deals and acquisition activities.
- Conduct risk assessments and produce deep dive reports to provide assurance over the controls relating to financial risks.
- Develop and monitor financial risk appetites.
- Produce the company's risk reporting and MI packs.
- Prepare ORSA reports.
You must be a qualified actuary with prior risk experience in a UK-regulated financial service environment, preferably in the life industry or pension funds/investments, with strong knowledge of credit risk and illiquid assets. Experience of Solvency II is desirable but not essential. Strong written and verbal communication skills are essential, as is the ability to learn quickly.
You must be willing to work in the Aylesbury office up to 5 days a week when required. No visa sponsorships are offered. The salary includes up to £90,000 + bonus (up to 25%) + 30 days annual leave + private medical + strong pension scheme.
Financial Risk Manager employer: Audit & Risk Recruitment
Contact Detail:
Audit & Risk Recruitment 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 at companies similar to the one you're applying to. 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 Bulk Annuity Purchases and Solvency II. Being knowledgeable about current issues will allow you to engage in meaningful conversations during interviews.
✨Tip Number 3
Prepare to discuss specific examples from your previous experience that demonstrate your ability to manage financial risks effectively. Highlight any successful projects or initiatives you've led that relate to credit risk or risk assessments.
✨Tip Number 4
Showcase your communication skills by being clear and concise in your discussions. Practice articulating complex financial concepts in simple terms, as this will be crucial when advising stakeholders on financial risks.
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 the insurance sector. Emphasise your qualifications as an actuary and any specific projects related to credit risk or bulk annuity purchases.
Craft a Compelling Cover Letter: Write a cover letter that showcases your understanding of the role and the company’s current changes. Mention your experience with risk assessments and how you can contribute to their new initiatives in the Bulk Annuity Purchase market.
Highlight Communication Skills: Since strong written and verbal communication skills are essential for this role, provide examples in your application where you successfully communicated complex financial concepts to non-experts or stakeholders.
Showcase Continuous Learning: Mention any recent training or certifications related to financial risk management or Solvency II. This demonstrates your commitment to staying updated in the field and your ability to learn quickly, which is crucial for this position.
How to prepare for a job interview at Audit & Risk Recruitment
✨Understand the Role Thoroughly
Before the interview, make sure you have a solid grasp of what a Financial Risk Manager does, especially in the context of an insurance company. Familiarise yourself with key concepts like Credit Risk, Bulk Annuity Purchases, and Solvency II to demonstrate your expertise.
✨Prepare for Technical Questions
Expect to be asked about your experience with risk assessments and financial reporting. Brush up on your knowledge of risk appetites and ORSA reports, as these are crucial for the role. Be ready to discuss specific examples from your past work that showcase your skills.
✨Showcase Your Communication Skills
Strong written and verbal communication skills are essential for this position. Practice articulating complex financial concepts clearly and concisely. You might be asked to explain your thought process or findings, so being able to communicate effectively is key.
✨Demonstrate Adaptability
The company is going through changes as it diversifies its product portfolio. Highlight your ability to adapt to new situations and learn quickly. Share examples of how you've successfully navigated change in previous roles to show that you're a good fit for their evolving environment.
