At a Glance
- Tasks: Lead the Insurance Risk team and oversee strategic risk management across the Group.
- Company: Join a dynamic insurance firm committed to innovation and collaboration.
- Benefits: Enjoy competitive salary, generous leave, health insurance, and learning opportunities.
- Other info: Be part of a forward-thinking team with excellent career development prospects.
- Why this job: Make a real impact in a leadership role while fostering team growth and innovation.
- Qualifications: Extensive experience in Insurance Risk and strong stakeholder management skills required.
The predicted salary is between 80000 - 100000 £ per year.
We are seeking a strategic and collaborative Head of Insurance Risk to lead our Insurance Risk team within the Group Risk Management function. Reporting directly to the Group CRO, you will also be part of the Risk Leadership team. You will play a pivotal role in overseeing insurance risks across the Group and ensuring they are taken in line with Convex’s strategic objectives and core values. This is a highly visible leadership position where relationship-building is just as important as technical expertise. You will act as a trusted advisor to the business, partnering closely with Underwriting leaders and other key stakeholders to provide insightful, independent risk insights. Furthermore, you will lead, mentor, and empower a dedicated team of three, fostering a culture of continuous growth and collaboration.
Key Responsibilities
- Strategic advisory and partnership: Cultivate deep, collaborative relationships with Underwriters, Exposure Management, Capital Modelling, Ceded Re, and Actuarial teams. Act as a sounding board and strategic partner to enhance risk mitigation controls without stifling innovation.
- Team leadership and development: Lead, coach, and nurture a team of three risk professionals. Champion their career development, well-being, and success within the wider Risk Management function.
- Risk strategy and appetite: Review and challenge insurance risk appetite setting and monitor the Group and entities’ risk appetite utilisation against the approved risk appetite limits. Review and challenge the Group and entities’ annual business plan. Deliver risk opinions on new strategic initiatives.
- Executive reporting and governance: Design and deliver high-impact, insightful Risk MI for Executive Committees and Boards. Discuss insurance risk related matters at key governance forums, including the Capital & Liquidity Committee and Group Executive Risk Committee.
- Resilience and emerging risks: Define insurance stress and scenario testing approach and develop proactive management actions to address risks identified. Champion and embed our emerging risks framework within Underwriting.
- Insightful reviews: Lead the development of the insurance risk plan for the year including the annual risk reviews plan. Oversee the delivery of the plan and ensure risk reviews deliver value adding insights to Management and Boards.
- Data-driven innovation: Champion the use of data and technology within the risk function. Collaborate with Data Engineers and BI Developers to design intuitive analytical tools and dashboards that empower better decision-making.
Skills Knowledge and Expertise
- Industry expertise: Extensive experience in a senior Insurance Risk or broad actuarial role, ideally within the London market. Strong understanding of underwriting cycles, pricing, reserving, capital modelling and reinsurance programmes.
- Exceptional stakeholder management: A proven track record of building consensus and influencing outcomes through empathy, active listening, and collaboration—particularly with Underwriting teams.
- Empowering leadership: Experience managing, mentoring, or guiding teams, with a leadership style rooted in support, inclusivity, and knowledge-sharing.
- Clear communication: The ability to translate complex, technical risk concepts into clear, actionable, and engaging insights for both technical and non-technical audiences, including Board members.
- Forward-thinking mindset: A genuine interest in leveraging technology, analytics, and data to improve processes and strategic decision-making.
Benefits
- Competitive Salary
- 30 days Annual Leave
- Birthday Leave
- 10% Employer Pension Contribution
- Private Health Insurance
- Medical Cover
- Group Income Protection
- Life Assurance Cover
- Enhanced Parental Leave
- Annual Health Check
- 3 days of Volunteer Leave each year
- £1,300 to spend on learning & wellbeing
- Give as You Earn
- Cycle to Work
- Season Ticket Loan
Head of Insurance Risk in London employer: Convex Insurance Ltd.
At Convex, we pride ourselves on being an exceptional employer that fosters a culture of collaboration and continuous growth. As the Head of Insurance Risk in London, you will not only lead a dedicated team but also enjoy a competitive salary, generous annual leave, and comprehensive health benefits, all while working in a dynamic environment that values innovation and strategic thinking. Our commitment to employee development is evident through our learning and wellbeing budget, ensuring you have the resources to thrive both personally and professionally.
StudySmarter Expert Advice🤫
We think this is how you could land Head of Insurance Risk in London
✨Dive Into Industry Networking Events
Get your foot in the door by attending insurance industry events and conferences. Not only will you learn about the latest trends, but you'll also meet potential employers and industry peers. Check out local chapters of professional bodies like the Chartered Insurance Institute for valuable meetups.
✨Use LinkedIn to Your Advantage
Don’t underestimate the power of LinkedIn in the insurance world. Engage with industry content, join relevant groups, and connect with professionals at companies you admire (like Convex Insurance Ltd.). A thoughtful message explaining your interest can really make a difference!
✨Look Out for Graduate Schemes
Many firms in insurance have structured graduate programmes. Keep an eye on application windows and utilise your university's career services for insider tips. These schemes are designed to develop talent and often lead to permanent roles after your initial training.
✨Leverage Your Current Connections
Got friends or family in the industry? Now’s the time to reach out! Personal referrals can give you a head start, so let them know you're on the lookout for full-time opportunities at places like Convex Insurance Ltd.. Don’t shy away from asking for a coffee chat; you never know what doors it might open!
We think you need these skills to ace Head of Insurance Risk in London
Some tips for your application 🫡
Highlight Your Analytical Skills:In insurance, we love a candidate who can crunch numbers and analyse data effectively. When crafting your CV, make sure to showcase any relevant coursework or experiences that highlight your analytical abilities, especially if you’ve tackled risk assessment or financial modelling.
Showcase Industry Knowledge:Don’t be shy about your knowledge of the insurance sector! We want to see that you've done your homework on current trends, regulations, and challenges in the industry. Mention any relevant projects or studies you’ve completed that demonstrate your understanding of the field in your cover letter.
Craft a Compelling Cover Letter:Your cover letter should tell us why you’re passionate about insurance. Share any personal experiences or what drew you into this profession. We’re looking for enthusiasm and a clear motivation for why you want to be part of our team at Convex Insurance Ltd..
Tailor Your CV for the Role:Don't just send a generic CV! Focus on tailoring it specifically for the insurance role at Convex Insurance Ltd.. Highlight relevant skills such as risk management, customer service experience, or any certifications you've earned in the industry to make your application stand out.
How to prepare for a job interview at Convex Insurance Ltd.
✨Know Your Numbers: Insurance Fundamentals
Brush up on your understanding of key insurance concepts, like underwriting principles and risk assessment. Expect the interviewer at Convex Insurance Ltd. to throw some technical questions your way, so be ready to demonstrate your grasp of these essentials.
✨Showcase Your Analytical Side
In the insurance world, it's all about data. Prepare to discuss any analytical tools or methodologies you've used in past experiences. If you have a portfolio of projects where you've tackled complex data, bring that along to impress the team!
✨Prepare for Behavioural Questions
As a full-timer at Convex Insurance Ltd., they'll want to know how you handle real-life scenarios, not just theory. Think about challenges you've faced in teamwork or customer service, and how those experiences can relate to a career in insurance.
✨Know the Company Culture Inside Out
Understanding Convex Insurance Ltd.'s values and workplace culture is essential. Don’t just memorise their mission statement; think about how your personal values align with theirs. This will show your genuine interest in being part of their team long-term.
