At a Glance
- 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. 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 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
- Extensive experience in delivering risk frameworks, control reviews and risk profile design and delivery
- Ability to 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
- Developing methods to identify key risks that may impact our operations
- Building relationships at every level, with excellent stakeholder management skills
- Communicate complex topics in a relevant and simple way
- Successfully manage multiple conflicting critical priorities at once
- Impactful presenting skills to drive the right customer and business outcomes
- Drive 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, operational teams and change programmes
- Managing and maintaining relationships with senior stakeholders within DLG and externally
- Awareness of audit and testing assurance programmes
- Working closely and collaboratively with the Central Control Testing & Assurance Teams
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
- 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 and cultivating an integrated risk culture
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. 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
- 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 and invest in the things that matter. Discover more at directlinegroupcareers.com
Together we’re one of a kind.
#LI-AW1#J-18808-Ljbffr
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 latest trends in risk management and control frameworks, especially within the insurance industry. This knowledge will help you engage in meaningful conversations during interviews and demonstrate your commitment to staying updated.
✨Tip Number 2
Network with current or former employees of Direct Line Group on platforms like LinkedIn. Building these connections can provide you with insider insights about the company culture and expectations for the Senior Risk Manager role.
✨Tip Number 3
Prepare to discuss specific examples of how you've successfully led risk governance initiatives in previous roles. Highlighting your experience in driving collaboration and resolving conflicts will showcase your fit for the position.
✨Tip Number 4
Understand the importance of stakeholder management in this role. Be ready to share strategies you've used to build relationships and communicate complex topics simply, as this is crucial for success at Direct Line Group.
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: Since strong verbal and written communication skills are essential for this role, ensure that your application materials are clear, concise, and free of jargon. Highlight any experience you have in communicating complex topics simply.
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 experiences in a clear and concise manner. This will showcase your ability to engage stakeholders effectively.
✨Prepare for Scenario-Based Questions
Expect questions that assess your problem-solving skills, particularly around root cause analysis and conflict resolution. Think of scenarios where you successfully identified risks and implemented solutions.
✨Emphasize Collaboration and Leadership
The role involves mentoring and leading a team, so be ready to discuss your leadership style and how you foster collaboration across teams. Share examples of how you've built relationships with senior stakeholders.