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- Tasks: Update and embed risk management systems to enhance operational risk management.
- Company: Global insurer with a focus on innovation and risk management.
- Benefits: Remote work flexibility, competitive salary, and professional development opportunities.
- Why this job: Make a real impact in risk management while working with industry experts.
- Qualifications: Experience in risk management systems and strong analytical skills.
- Other info: Join a dynamic team with excellent career growth potential.
The predicted salary is between 36000 - 60000 £ per year.
We are working on behalf of a global insurer who require an experienced Risk Consultant tasked with updating and embedding the firm's risk management systems. Following a recent group review of the two existing company risk management systems, the feedback was clear that the quality of the data needs to be improved and updated. This individual is needed for a 12-month period on a fixed-term contract basis. The majority of the work can be completed remotely with occasional office attendance.
Purpose of the role:
- To undertake the updating and embedding of the existing risk management system to enable the firm to manage its operational risks, including conduct risk, and adhering to Consumer Duty requirements.
- Ensuring that the business adheres to Group Operational Risk Control System policy and guideline requirements.
- Being a point of contact for the first line Risk Champions to ensure that the activities required to meet Group requirements are undertaken within the prescribed deadlines.
- Assisting in setting the standards for risk management and promoting a risk-centric culture within the business.
- Demonstrating a high work ethic and possessing core knowledge and skills to support Risk Management objectives.
Duties & Responsibilities:
- Working closely with the Head of Risk & Compliance and Senior Risk Manager.
- Undertake the required training for the two bespoke risk management systems.
- Work closely with the Business Process Manager through the scoping and mapping phases.
- Work closely with the Risk Champions to review the risks and controls data and update in line with the Group Risk requirements into the risk management system.
- Provide the necessary support and guidance in identifying risks and controls. Where risks are outside of process they are recorded in the Op Risk Questionnaire.
- Support the Risk Champions through the assessment stage by providing oversight and guidance on the assessment.
- Ensure that in both systems relevant approvals are obtained.
- Ensure the relevant work in both systems is completed within prescribed deadlines.
- Write up procedure documents for both systems.
- Provide any training necessary to Process Owners and Risk Champions as part of the hand-off process.
- Assist in any ad hoc requests relating to the two system requirements.
- Ensure Operational Risk Control System feedback has been fulfilled.
Required Skills & Experience:
- Previous experience in embedding risk management systems within the insurance sector.
- Excellent knowledge of the Risk Management Cycle.
- Experience with risk analysis and reporting.
- Analytical mind with problem-solving aptitude.
- Excellent communication and presentation skills.
- A proactive approach to work, in terms of suggesting changes and improvements to processes and systems.
- Commercial awareness and the ability to understand broad business issues.
- Understanding of the Managing General Agent model specifically in relation to risk management would be advantageous.
Risk Consultant in London employer: Birchlake Recruitment
Contact Detail:
Birchlake Recruitment Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Risk Consultant in London
✨Tip Number 1
Network like a pro! Reach out to your connections in the insurance sector and let them know you're on the hunt for a Risk Consultant role. You never know who might have the inside scoop on opportunities or can put in a good word for you.
✨Tip Number 2
Prepare for those interviews by brushing up on your knowledge of risk management systems. Be ready to discuss how you've successfully embedded these systems in the past, and don’t forget to highlight your analytical skills and problem-solving abilities!
✨Tip Number 3
Showcase your proactive approach! During interviews, share examples of how you've suggested changes and improvements in previous roles. This will demonstrate your commitment to enhancing processes and systems, which is key for a Risk Consultant.
✨Tip Number 4
Don’t just apply anywhere—apply through our website! We’ve got a range of opportunities that could be perfect for you. Plus, it’s a great way to ensure your application gets the attention it deserves.
We think you need these skills to ace Risk Consultant in London
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the Risk Consultant role. Highlight your experience with risk management systems and any relevant skills that match the job description. We want to see how you can bring value to our team!
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you're the perfect fit for this role. Share specific examples of your past experiences in embedding risk management systems and how they relate to the requirements outlined in the job description.
Showcase Your Communication Skills: Since excellent communication is key for this role, make sure your application reflects that. Use clear and concise language, and don’t shy away from demonstrating your analytical mind and problem-solving aptitude through your writing.
Apply Through Our Website: We encourage you to apply directly through our website. It’s the best way for us to receive your application and ensures you’re considered for the role. Plus, it shows you’re proactive and keen to join our team!
How to prepare for a job interview at Birchlake Recruitment
✨Know Your Risk Management Inside Out
Make sure you brush up on the Risk Management Cycle and any specific systems mentioned in the job description. Being able to discuss your previous experience embedding risk management systems in the insurance sector will show that you’re not just familiar with the concepts, but that you can apply them effectively.
✨Prepare for Scenario-Based Questions
Expect questions that ask how you would handle specific risks or challenges. Think of examples from your past work where you successfully identified and mitigated risks. This will demonstrate your analytical mind and problem-solving aptitude, which are crucial for this role.
✨Show Off Your Communication Skills
Since you'll be working closely with various stakeholders, practice articulating complex risk concepts in a clear and concise manner. Prepare to discuss how you’ve trained others or communicated risk management processes in the past, as this will highlight your excellent communication skills.
✨Demonstrate a Proactive Approach
Be ready to share instances where you suggested changes or improvements to existing processes. This shows that you’re not just a follower of guidelines but someone who actively contributes to enhancing risk management practices within an organisation.
