At a Glance
- Tasks: Lead risk management framework development and ensure effective risk identification and mitigation.
- Company: Rapidly expanding global Insurance Group based in London.
- Benefits: Exceptional development opportunities and a chance to shape the future of risk management.
- Other info: Promote risk awareness and drive continuous improvement in a dynamic environment.
- Why this job: Join a growing team and make a real impact in the insurance industry.
- Qualifications: Degree in Risk Management or related field, with 5+ years of experience.
The predicted salary is between 70000 - 90000 £ per year.
Woodland Partners are delighted to be working with this rapidly expanding global Insurance Group in the search for their new Senior Risk Manager. Reporting into the Chief Actuary, this role will lead the development and execution of the risk management framework, ensuring effective risk identification, mitigation, reporting, and regulatory compliance for the organisation.
Key responsibilities
- Risk framework and Governance
- Develop, maintain and enhance the syndicate’s Risk Management Framework (RMF).
- Collaborate with external advisers on the operation of the Risk Committee.
- Coordinate the risk event and issue management process, including root cause analysis and lessons learned.
- Identify and mitigate emerging risks.
- Develop, maintain and evolve the Syndicate Risk Register; challenging ratings and escalating to CRO where appropriate.
- Risk appetite and Monitoring
- Perform annual update and cascade of Syndicate Risk Appetites, including translation into metrics and thresholds.
- Monitor risk exposures against thresholds and deliver clear MI and dashboards to senior stakeholders and board.
- ORSA and Stress Testing
- Contribute to stress tests and validation processes for Capital Models.
- Work with external advisers to the Own Risk and Solvency Assessment (ORSA), including scenario design, aggregation, and narrative drafting.
- Develop and monitor stress and reverse stress testing frameworks.
- Link outputs to strategic planning, reinsurance structure, and capital requirements.
- Assist in preparing validation reports for regulatory compliance.
- Regulatory engagement and Assurance
- Support responses to Lloyd’s and FCA/PRA requests, thematic reviews, and CPG maturity assessments.
- Work with internal audit and second line to test control effectiveness and risk culture.
- Ensure risk policies are reviewed, documented, and aligned with industry good practice.
- Risk Culture
- Partner with business functions to promote risk awareness and ownership.
- Lead or participate in risk training sessions, deep dives, and thematic reviews.
- Drive continuous improvement of risk tools and reporting.
QUALIFICATIONS AND EXPERIENCE
- Degree in Risk Management, Actuarial Science, Finance, or Business.
- Professional qualification (e.g., IRM, CERA, FIA/FFA).
- Minimum 5 years in risk management.
- Experience of the Lloyd’s market.
This is an exceptional opportunity to join an organisation at a period of growth and development. Excellent development and promotional opportunities exist. Insurance experience is absolutely imperative.
Senior Risk Manager - Global Insurance Group in London employer: Energy Jobline ZR
Join a rapidly expanding global Insurance Group in London, where you will be at the forefront of shaping risk management strategies within a dynamic and supportive work environment. The company fosters a culture of continuous improvement and professional development, offering excellent growth opportunities and the chance to collaborate with industry experts. With a strong commitment to regulatory compliance and risk awareness, this organisation is dedicated to empowering its employees to make meaningful contributions to its success.
StudySmarter Expert Advice🤫
We think this is how you could land Senior Risk Manager - Global Insurance Group in London
✨Tip Number 1
Network like a pro! Reach out to industry contacts, attend events, and engage on LinkedIn. We all know that sometimes it’s not just what you know, but who you know that can get you in the door.
✨Tip Number 2
Prepare for interviews by researching the company and its risk management practices. We suggest practising common interview questions and even role-playing with a friend to boost your confidence.
✨Tip Number 3
Showcase your expertise! Bring examples of your past work in risk management to the table. We want to see how you’ve tackled challenges and contributed to risk frameworks in previous roles.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets noticed. Plus, we love seeing candidates who are proactive about their job search.
We think you need these skills to ace Senior Risk Manager - Global Insurance Group in London
Some tips for your application 🫡
Tailor Your CV:Make sure your CV is tailored to the Senior Risk Manager role. Highlight your experience in risk management, especially within the Lloyd’s market, and showcase any relevant qualifications. We want to see how your background aligns with our needs!
Craft a Compelling Cover Letter:Your cover letter is your chance to shine! Use it to explain why you’re passionate about risk management and how you can contribute to our growing team. Be sure to mention specific experiences that relate to the responsibilities outlined in the job description.
Showcase Your Skills:Don’t just list your skills; demonstrate them! Use examples from your past roles to show how you’ve developed and executed risk management frameworks or contributed to stress testing processes. We love seeing real-world applications of your expertise.
Apply Through Our Website:We encourage you to apply through our website for a smoother application process. It helps us keep track of your application and ensures you don’t miss out on any important updates. Plus, it shows you’re keen on joining our team!
How to prepare for a job interview at Energy Jobline ZR
✨Know Your Risk Management Framework
Make sure you understand the key components of a risk management framework, especially as it relates to the insurance sector. Be prepared to discuss how you've developed or enhanced such frameworks in your previous roles.
✨Showcase Your Regulatory Knowledge
Familiarise yourself with the regulatory landscape, particularly Lloyd’s and FCA/PRA requirements. Bring examples of how you've successfully navigated regulatory challenges in the past to demonstrate your expertise.
✨Prepare for Scenario-Based Questions
Expect questions that require you to think on your feet, especially around stress testing and risk appetite. Practise articulating your thought process and decision-making strategies in these scenarios.
✨Emphasise Collaboration Skills
This role involves working closely with various stakeholders. Be ready to share examples of how you've collaborated with teams or external advisers to achieve risk management goals, highlighting your communication and leadership skills.
