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For Companies At a Glance
- Tasks: Support operational risk management and enhance internal controls for a leading insurance company.
- Company: Join Direct Line Group, a top inclusive employer focused on customer-centric solutions.
- Benefits: Enjoy a competitive pension, discounts, flexible work-life balance, and generous holidays.
- Why this job: Make a real impact in risk management while developing your skills in a supportive environment.
- Qualifications: Experience in general insurance and strong report writing skills are essential.
- Other info: Hybrid working model with opportunities for career growth and collaboration.
The predicted salary is between 36000 - 60000 £ per year.
Overview
DLG is evolving. Across every part of our business, teams are embracing new opportunities and putting customers at the heart of everything they do. Whether you\’re already part of DLG or thinking about joining us, you\’ll have the chance not only to be recognised for your skills, but also to build on them and be empowered to do your very best.
What you\’ll be doing:
Reporting to our Head of Business Risk, you\’ll support through providing Group oversight of operational risk and internal control management, including risk reporting, monitoring our risk profile – while staying on top of developments and changes as they happen (both internally and externally!).
This role is being offered as a Fixed Term Contract, on a 6-9 month basis.
Risk Management
- Oversee Operational Risk through review and challenge of risk profiles, KRIs, events, and management actions, ensuring findings and recommendations are agreed and delivered.
- Contribute to assessment of overall Risk Profile vs Risk Appetite, considering internal and external developments.
- Support maturing of Risk Appetite application by enhancing directorate-level risk and control assessments, including KPI/KRI/KCI methodologies.
- Identify opportunities to digitise and automate risk management processes to improve efficiency and value.
- Collaborate with 1LOD to ensure out-of-appetite risks have action plans in place, monitored via effective governance.
- Highlight areas for potential formal Risk Assurance to the Head of Business Risk.
- Promote a risk-aware culture across the Group and lead by example.
- Support implementation and ongoing coordination of quarterly RCSA, including transition from the annual IRCA.
- Help develop and maintain policies, standards, templates and tools related to Operational Risk.
- Engage in governance activities to ensure they support sound and proportionate risk decisions.
- Maintain strong working relationships across all three lines of defence to reduce silos and enable cross-functional insight.
Risk Reporting
- Contribute to Executive and Board risk reporting (e.g. CRO Report, ORSA, Annual Report & Accounts).
- Support refresh of Emerging and Top Risk assessments, including cross-business engagement.
- Assist with effective operation of the Operational Risk Committee and Risk Management Committee – including scheduling, agenda setting, and high-quality papers that drive meaningful debate.
- Regularly contribute to governance papers and commentary to ensure the operational risk profile is clear, aligned, and understood across levels.
Our hybrid model offers a \’best of both worlds\’ approach. When you\’ll be in the office depends on your role and team, but colleagues spend at least 2 days a week in our London Riverbank House office.
What you\’ll need:
We are looking for someone from a general insurance background, who has the following:
- Experience of conducting thematic risk assurance assessments
- Strong report writing skills and an ability to present complex subjects simply
- Awareness of the balance between risk, control and growth
- Curiosity and passion for generating new ideas
- Strong stakeholder engagement skills
Benefits
We recognise we wouldn\’t be where we are today without our colleagues, that\’s why we offer excellent benefits designed to suit your lifestyle:
- 9% employer contributed pension
- 50% off home, motor and pet insurance plus free Green Flag breakdown cover
- Additional optional Health and Dental insurance
- EV car scheme
- Generous holidays
- Buy as you earn share scheme
- Employee discounts and cashback
- Plus, many more
We want everyone to get the most out of their time at DLG. Which is why we\’ve looked beyond the financial rewards and created an offer that takes your whole life into account. Supporting our people to work at their best – whatever that looks like – and offering real choice, flexibility, and a greater work-life balance that means our people have time to focus on the things that matter most to them. Our benefits are about more than just the money you earn. They\’re about recognising who you are and the life you live.
Be yourself
Direct Line Group is an equal opportunity employer, and we think diversity of background and thinking is a big strength in our people. We\’re delighted to feature as one of the UK\’s Top 50 Inclusive Employers and are committed to making our business an inclusive place to work, where everyone can be themselves and succeed in their careers.
We know you\’re more than a CV, and the things that make you, you, are what bring potential to our business. We recognise and embrace people that work in different ways so if you need any adjustments to our recruitment process, please speak to the recruitment team who will be happy to support you
#LI-AC1 #LI-Hybrid
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Business Risk Manager (6-9 Month FTC) employer: Direct Line Insurance Group plc
Contact Detail:
Direct Line Insurance Group plc Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Business Risk Manager (6-9 Month FTC)
✨Tip Number 1
Network like a pro! Reach out to people in the industry, especially those at DLG. A friendly chat can open doors and give you insights that a job description just can't.
✨Tip Number 2
Prepare for interviews by practising common questions related to risk management. We all know that confidence is key, so rehearse your answers and be ready to showcase your skills!
✨Tip Number 3
Show your passion for risk management! During interviews, share your ideas on how to digitise and automate processes. This will demonstrate your proactive approach and fit with DLG's innovative culture.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets noticed. Plus, it shows you're serious about joining the DLG team.
We think you need these skills to ace Business Risk Manager (6-9 Month FTC)
Some tips for your application 🫡
Tailor Your Application: Make sure to customise your CV and cover letter for the Business Risk Manager role. Highlight your experience in risk management and operational oversight, and don’t forget to mention any relevant skills that align with what we’re looking for!
Showcase Your Report Writing Skills: Since strong report writing is key for this position, include examples of reports or documents you've created in the past. Keep it clear and concise, showing how you can present complex information simply – that’s what we love to see!
Demonstrate Your Curiosity: We’re on the lookout for someone who’s curious and passionate about generating new ideas. In your application, share instances where you’ve identified opportunities for improvement or innovation in risk management processes.
Apply Through Our Website: Don’t forget to submit your application through our website! It’s the best way for us to receive your details and ensures you’re considered for the role. Plus, it makes the whole process smoother for everyone involved.
How to prepare for a job interview at Direct Line Insurance Group plc
✨Know Your Risk Management Basics
Make sure you brush up on your understanding of operational risk and internal control management. Be ready to discuss how you've previously assessed risk profiles and contributed to risk reporting. This will show that you’re not just familiar with the concepts but can apply them in real-world scenarios.
✨Prepare for Scenario Questions
Expect questions that ask you to evaluate risk situations or propose solutions. Think of examples from your past experience where you identified risks and implemented controls. Practising these scenarios will help you articulate your thought process clearly during the interview.
✨Showcase Your Stakeholder Engagement Skills
Since this role involves collaboration across different teams, be prepared to share examples of how you've successfully engaged with stakeholders in the past. Highlight your communication skills and how you’ve built relationships to drive risk management initiatives.
✨Demonstrate Curiosity and Innovation
DLG values curiosity and new ideas, so come prepared with suggestions on how to digitise and automate risk management processes. This shows that you’re proactive and willing to contribute to the company’s evolution, aligning with their goal of putting customers at the heart of everything they do.
