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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.
- Benefits: Enjoy flexible working, 30 days leave, and a 9% pension contribution.
- Why this job: Be part of a transformative team shaping risk management and influencing company culture.
- Qualifications: Significant experience in risk and controls, ideally within the insurance sector.
- Other info: Hybrid work model with options for flexibility and collaboration.
The predicted salary is between 48000 - 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. 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 groupwide risk and control transformation programme that is now in its second year. This provides a unique opportunity to be part of 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.
- 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 or group risk appetite.
- Building relationships at every level with excellent stakeholder management skills.
- Communicating complex topics in a relevant and simple way.
- Managing multiple conflicting critical priorities while ensuring stakeholder alignment.
- Driving first line risk and assurance governance objectives.
- Ownership of Workiva (risk system) and data inputs.
- Developing and delivering reports that provide a real-time compliance ‘dashboard’.
- Keeping up with emerging technologies, industry trends, and regulatory change.
- Leading and mentoring a team of Risk and compliance specialists.
- Driving collaboration across risk functions and operational teams.
- Managing relationships with senior stakeholders within DLG and externally.
- Awareness of audit and testing assurance programmes.
- Collaborating with the Central Control Testing & Assurance Teams.
What you’ll need
- Significant Risk and Controls experience in a highly regulated business environment, ideally in the Insurance industry.
- Ability to undertake risk deep dives including process review and root cause analysis.
- Experience in leading governance, risk and assurance initiatives.
- Strong collaboration, conflict resolution, influencing and negotiation skills.
- Strong verbal and written communication skills.
- Ability to engage people through leading by example.
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. 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 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 for leasing electric or plug-in hybrid cars.
- Private Healthcare.
- 30 days annual leave.
- Buy as you earn share scheme.
- Employee discounts and cashback.
Being Yourself
We believe everyone should feel comfortable to bring their whole selves to work. That’s why we champion diverse voices and build workplaces that work for people. Discover more at directlinegroupcareers.com
Together we’re one of a kind.
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Senior Risk Manager - FTC 12m 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 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 interviews and discussions.
✨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 can set you apart from other candidates.
✨Tip Number 3
Stay updated on the latest trends and regulatory changes in risk management, especially those affecting the insurance sector. Being knowledgeable about current events will show your commitment to the field.
✨Tip Number 4
Prepare to discuss your experience in leading governance and assurance initiatives. Be ready to share specific examples of how you've successfully managed risks and influenced stakeholders in previous roles.
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 and controls, particularly in regulated environments like insurance. Use specific examples that demonstrate your ability to lead governance and risk initiatives.
Craft a Compelling Cover Letter: Write a cover letter that not only outlines your qualifications but also conveys your passion for risk management. Mention how you can contribute to fostering a culture of risk awareness at Direct Line Group.
Showcase Communication Skills: In both your CV and cover letter, emphasize your strong verbal and written communication skills. Provide examples of how you've effectively communicated complex topics to various stakeholders in previous roles.
How to prepare for a job interview at Direct Line Insurance Group plc
✨Show Your Risk Management Expertise
Make sure to highlight your significant experience in risk and controls, especially within a regulated environment like insurance. Be prepared to discuss specific examples of how you've led governance and assurance initiatives.
✨Demonstrate Strong Communication Skills
Since the role requires communicating complex topics simply, practice explaining your past projects or risk assessments in a clear and concise manner. This will showcase your ability to engage stakeholders effectively.
✨Prepare for Stakeholder Management Scenarios
Think of examples where you've successfully built relationships and managed conflicts with senior stakeholders. Be ready to discuss your approach to collaboration and how you influence others in a team setting.
✨Understand the Company Culture
Research Direct Line Group's values and their focus on fostering a risk-aware culture. Be prepared to discuss how you can contribute to this culture and support the development of risk management capabilities across the organization.
