At a Glance
- Tasks: Lead risk management and develop frameworks in a dynamic environment.
- Company: Join Direct Line Group, a powerhouse in the insurance industry with renowned brands.
- Benefits: Enjoy flexible hybrid working, generous leave, and a 9% pension contribution.
- Why this job: Be part of a transformative team shaping risk culture and strategy.
- Qualifications: Significant experience in risk and controls within regulated environments is essential.
- Other info: Embrace a culture where everyone can be their authentic selves.
The predicted salary is between 54000 - 84000 £ per year.
Head of Risk
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. We are Direct Line Group – home to some of the country’s best-known brands including Direct Line, Churchill, Privilege and Green Flag.
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 groupwide risk and control transformation programme. 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. As a Senior Risk Manager in CCO your role will include:
Key Accountabilities
- Lead on risk management in the assigned business area, acting as a key partner to the Executive/SMF.
- Ensure DLG fosters a culture of risk awareness and controls.
- Extensive experience in leading delivery of risk frameworks, control reviews, and risk profile design.
- Define key actions and lead pieces of work that support CCO and the wider business.
- Drive the root cause resolution of control failures and gaps in the business functions risk and control profile.
- Develop methods to identify key risks that may impact operations or the delivery of the DLG business strategy.
- Build relationships at every level, with excellent stakeholder management skills.
- Communicate complex topics in a relevant and simple way.
- Manage multiple conflicting critical priorities at once.
- Drive first line risk and assurance governance objectives.
- Ownership of Workiva (risk system) and data inputs.
- Develop and deliver reports that provide a real-time compliance dashboard.
- Keep up with emerging technologies, industry trends, and regulatory change.
- Lead and mentor a team of Risk and compliance specialists.
- Drive collaboration across risk functions, operational teams, and change programmes.
- Manage and maintain relationships with senior stakeholders within DLG and externally.
- Awareness of audit and testing assurance programmes.
- Work closely with the Central Control Testing & Assurance Teams.
What you’ll need
- Significant Risk and Controls experience in a highly regulated business environment.
- Ability to undertake risk deep dives including process review and root cause analysis.
- Experience in leading, managing, and delivering governance, risk, and assurance initiatives.
- Strong collaboration, conflict resolution, influencing and negotiation skills.
- Demonstrated ability in strong verbal and written communication skills.
- Ability to engage people through leading by example.
Ways of working
Our hybrid model offers a ‘best of both worlds’ approach combining home and office-working, offering flexibility for everyone.
What we’ll give you
We offer excellent benefits to suit your lifestyle and a flexible working model. Our core benefits include:
- 9% employer contributed pension
- 50% off home, motor and pet insurance plus free travel insurance
- Additional optional Health and Dental insurance
- Up to 20% bonus
- EV car scheme
- Private Healthcare
- 30 days annual leave
- Employee discounts and cashback
Being Yourself
We believe everyone should feel comfortable to bring their whole selves to work. Discover more at directlinegroupcareers.com
Together we’re one of a kind.
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Head Of Risk - FTC employer: Direct Line Group
Contact Detail:
Direct Line Group Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Head Of Risk - FTC
✨Tip Number 1
Familiarize yourself with the specific risk management frameworks and control processes used in highly regulated environments. Understanding these will help you demonstrate your expertise during discussions with stakeholders.
✨Tip Number 2
Network with professionals in the risk management field, especially those who have experience in insurance or similar industries. Building these connections can provide valuable insights and potentially lead to referrals.
✨Tip Number 3
Stay updated on the latest industry trends and regulatory changes that impact risk management. This knowledge will not only enhance your conversations but also show your commitment to continuous learning.
✨Tip Number 4
Prepare to discuss your experience in leading teams and managing multiple priorities. Be ready to share specific examples of how you've successfully navigated complex risk scenarios in the past.
We think you need these skills to ace Head Of Risk - FTC
Some tips for your application 🫡
Understand the Role: Take the time to thoroughly read the job description for the Head of Risk 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, governance, and controls. Use specific examples that demonstrate your ability to lead teams and manage stakeholder relationships 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 culture. Mention how you can contribute to fostering a culture of risk awareness.
Highlight Communication Skills: Since strong verbal and written communication skills are essential for this role, ensure that your application reflects your ability to communicate complex topics clearly. Provide examples of how you've successfully communicated with stakeholders in the past.
How to prepare for a job interview at Direct Line Group
✨Understand the Risk Landscape
Make sure you have a solid grasp of the current risk management landscape, especially in highly regulated environments. Be prepared to discuss how you would approach risk frameworks and control reviews specific to Direct Line Group.
✨Showcase Your Stakeholder Management Skills
Highlight your experience in building relationships with stakeholders at all levels. Prepare examples that demonstrate your ability to influence and negotiate effectively, as these skills are crucial for the role.
✨Communicate Complex Topics Simply
Practice explaining complex risk concepts in a straightforward manner. This will be key during the interview, as the ability to communicate effectively is essential for the Head of Risk position.
✨Demonstrate Leadership and Mentorship Experience
Be ready to discuss your experience in leading and mentoring teams. Share specific examples of how you've developed others in the field of risk and compliance, as this will show your capability to lead a team of specialists.