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- Tasks: Lead risk management initiatives and foster a culture of risk awareness at Direct Line Group.
- Company: Join Direct Line Group, a powerhouse in the insurance industry with renowned brands like Churchill and Green Flag.
- Benefits: Enjoy flexible hybrid working, 30 days annual leave, and a 9% employer pension contribution.
- Why this job: Be part of a transformative team shaping risk management while influencing a robust risk-aware culture.
- Qualifications: Significant experience in risk and controls, ideally within a regulated insurance environment.
- Other info: Embrace diversity and authenticity in a workplace that values your unique perspective.
The predicted salary is between 43200 - 72000 £ per year.
Senior Risk Manager
About Us
At Direct Line Group, insurance is just the start. Combining decades of industry experience with talented people in every field, we’re a customer-obsessed market powerhouse. And we all work together to be brilliant for customers, every single day.
We are Direct Line Group – home to some of the country’s best-known brands including Direct Line, Churchill, Privilege and Green Flag. DLG’s growth is supported by our three lines of defence which develops, implements and maintains risk management policies, procedures, tools, and framework for us. We are currently recruiting for Senior Risk Managers for our Chief Controls Office who are part of the first line supporting risk assessment, reporting, and embedding.
What you’ll be doing
Direct Line Group (DLG) has created a new Chief Controls Office (CCO) within the first line of defence as part of a groupwide risk and control transformation programme that is now in its second year. This provides a unique opportunity to be part of a group of skilled risk professionals that are redeveloping the end-to-end risk and control framework, which includes launching new RCSAs, control testing, a new integrated risk management system, as well as rebuilding risk management capabilities across the first line and positively influencing a robust risk-aware culture across DLG. As a Senior Risk Manager in CCO your role will include:
Key Accountabilities
- Ensuring DLG fosters a culture of risk awareness and controls.
- Supporting leadership of risk management and the RCSA process in the assigned business areas, enabling the business to understand their control environment, relative risks, and drive a culture of action planning and remediation resolution.
- Deputising for Head of Risk (First Line) as required.
- Delivering risk frameworks, control reviews, and risk profile design and delivery.
- Defining key actions and leading pieces of work that support CCO and the wider business.
- Driving the root cause resolution of control failures and gaps in the business functions’ risk and control profile.
- Developing methods to identify key risks that may impact our operations, the delivery of the DLG business strategy, or present a threat to our group risk appetite or compliance status.
- Building relationships at every level, with excellent stakeholder management skills, influencing and driving decisions/actions across senior stakeholders and up to executive level.
- Communicating complex topics in a relevant and simple way, with excellent communication skills – written and verbal.
- Managing multiple conflicting critical priorities at once, ensuring stakeholder alignment and delivery date achievement, both in time and quality outputs/outcomes.
- Impactful presenting skills, through gravitas and knowledge to drive the right customer and business outcomes.
- Driving first line risk and assurance governance objectives, ensuring accurate management information and reporting.
- Ownership of Workiva (risk system) and data inputs, ensuring risk teams have the right capability and necessary skills training to provide quality outputs.
- Developing and delivering reports that provide a real-time compliance ‘dashboard’ for use at all levels of the organisation and enables tangible and visible risk reduction.
- Keeping up with emerging technologies, industry trends, and regulatory change.
- Leading and mentoring a team of Risk and compliance specialists, facilitating teamwork dynamics and interactions with the business.
- Driving collaboration across risk functions, operational teams, and change programmes.
- Managing and maintaining relationships with senior stakeholders within DLG and externally – with suppliers, partners, etc.
- Awareness of audit and testing assurance programmes and ensure business is aware and taking action to support regulatory requirements as well as internal standards and policies.
- Working closely and collaboratively with the Central Control Testing & Assurance Teams, as well as the Central Policy, Framework and Reporting Team within the Chief Controls Office.
What you’ll need
- Significant Risk and Controls experience in a highly regulated business environment, ideally gained in the Insurance industry.
- Ability to undertake risk deep dives including process review, root cause analysis, impact assessment, and risk response.
- Experience in leading, managing, and delivering governance, risk, and assurance initiatives and embedding frameworks.
- Strong collaboration, conflict resolution, influencing, and negotiation skills.
- Demonstrated ability in strong verbal and written communication skills to interface with both technical and non-technical stakeholders.
- Ability to engage people through leading by example and cultivating an integrated risk culture of transparency and curiosity.
Ways of working
Our hybrid model way of working offers a ‘best of both worlds’ approach combining the best parts of home and office-working, offering flexibility for everyone. When you’ll be in the office depends on your role, but most colleagues are in 2 days a week, and we’ll consider the flexible working options that work best for you.
What we’ll give you
We wouldn’t be where we are today without our people and the wide variety of perspectives and life experiences they bring. That’s why we offer excellent benefits to suit your lifestyle and a flexible working model combining the best parts of home and office-working, varying with the nature of your role. Our core benefits include:
- 9% employer contributed pension.
- 50% off home, motor and pet insurance plus free travel insurance and Green Flag breakdown cover.
- Additional optional Health and Dental insurance.
- Up to 20% bonus.
- EV car scheme allows all colleagues to lease a brand new electric or plug-in hybrid car in a tax-efficient way.
- Private Healthcare.
- 30 days annual leave.
- Buy as you earn share scheme.
- Employee discounts and cashback.
- Plus many more!
Being Yourself
Difference makes us who we are. We believe everyone should feel comfortable to bring their whole selves to work – that’s why we champion diverse voices, build workplaces that work for people, and invest in the things that matter. From senior leadership to inclusivity networks, adaptive working to inclusion training, we’ve made it our mission to give you everything you need to be authentically you. Discover more at directlinegroupcareers.com
Together we’re one of a kind.
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Senior Risk Manager - FTC 12m employer: Direct Line Group Careers
Contact Detail:
Direct Line Group Careers Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Senior Risk Manager - FTC 12m
✨Tip Number 1
Familiarize yourself with the specific risk management frameworks and tools used in the insurance industry. Understanding these will help you demonstrate your expertise during discussions and interviews.
✨Tip Number 2
Network with current or former employees of Direct Line Group to gain insights into their risk management culture and practices. This can provide you with valuable information that you can reference in your conversations with the hiring team.
✨Tip Number 3
Prepare to discuss your experience with governance, risk, and assurance initiatives. Be ready to share specific examples of how you've successfully embedded risk frameworks in previous roles.
✨Tip Number 4
Showcase your ability to communicate complex topics simply. Practice explaining risk management concepts in a way that is accessible to both technical and non-technical stakeholders, as this is crucial for the role.
We think you need these skills to ace Senior Risk Manager - FTC 12m
Some tips for your application 🫡
Understand the Role: Take the time to thoroughly read the job description for the Senior Risk Manager position. Understand the key accountabilities and required skills, and think about how your experience aligns with these.
Tailor Your CV: Customize your CV to highlight relevant experience in risk management, controls, and governance. Use specific examples that demonstrate your ability to manage risks and lead teams effectively.
Craft a Compelling Cover Letter: Write a cover letter that not only outlines your qualifications but also conveys your passion for risk management and your understanding of Direct Line Group's mission. Make sure to address how you can contribute to fostering a risk-aware culture.
Showcase Communication Skills: Since strong communication skills are essential for this role, ensure that your application materials reflect your ability to communicate complex topics clearly. Use concise language and structure your documents well.
How to prepare for a job interview at Direct Line Group Careers
✨Understand the Risk Management Framework
Make sure you have a solid grasp of risk management frameworks, especially those relevant to the insurance industry. Be prepared to discuss how you would implement and enhance these frameworks within Direct Line Group.
✨Showcase Your Stakeholder Management Skills
Highlight your experience in managing relationships with senior stakeholders. Prepare examples that demonstrate your ability to influence decisions and drive actions across various levels of an organization.
✨Communicate Complex Topics Simply
Practice explaining complex risk concepts in a straightforward manner. During the interview, aim to communicate your ideas clearly and concisely, ensuring that both technical and non-technical stakeholders can understand your points.
✨Demonstrate Leadership and Team Collaboration
Be ready to discuss your leadership style and how you foster teamwork. Share specific instances where you've led a team or collaborated across functions to achieve risk management goals, emphasizing your ability to cultivate a risk-aware culture.
