Enterprise Risk Manager in London

The Enterprise Risk Manager will support the development, implementation, and integration of a comprehensive and proportionate risk management framework and risk culture across the organization, ensuring compliance with Fortegra and regulatory requirements.

Qualifications

• A university degree and/or relevant professional qualification is required.
• A broad understanding of the current risk management environment and awareness of key developments in risk management best practices.
• A broad knowledge of Solvency II is advantageous for questioning, reviewing, and challenging internal control effectiveness, business processes, and procedures.
• Proven experience in risk management or internal/external audit is essential, along with relevant qualifications.
• In-depth understanding of the general insurance industry, preferably with familiarity in the London Insurance Market.
• Ability to tactfully question and challenge the business at all levels (including senior management and directors) and present considered and balanced risk opinions, findings, and recommendations.

Primary Job Functions

• Raise the profile of risk management and collaborate with the business to support the embedding of a robust and positive risk culture.
• Review the risk management framework to ensure it meets the emerging needs of the business, providing constructive and timely input for its development and integration.
• Support the organization in delivering the overall risk management strategy and implementing the risk management framework across the business, which includes two EU carriers and a UK carrier, while fully embedding an appropriate risk culture.
• Be responsible for the implementation and integration of the risk management framework as required, ensuring it is applied in a risk-based, proportionate, and consistent manner in alignment with the risk management strategy. Activities within the risk management framework include, but are not limited to, risk and control assessments, risk event management, emerging risk analysis, risk reporting, and project work.
• Provide effective and timely risk management (as the second line of defense) review, challenge, and advice to the business (the first line of defense), representing a risk management perspective in risk identification, measurement, mitigation, and reporting.
• Support the Risk department in delivering the annual risk plan and timely communication of any anticipated departures from the plan.
• Address and respond to risk issues as they arise, escalating significant issues or matters to stakeholders (e.g., business partners, risk owners) and governance bodies as appropriate.
• Support ongoing monitoring and assessment of risks and controls to enable the identification of top risks and potential new or emerging risks, providing assessments of the adequacy of the control environment.
• Maintain the entity risk register and facilitating regular risk and control assessments, which may encompass financial and non-financial risks.
• Support the design and monitoring of risk appetite measures and RAG trigger limits to track trends in risk exposures.
• Collaborate with business stakeholders to assess and ensure the effective design and operation of key controls to mitigate identified risks in the risk register.
• When relevant, working with business stakeholders to agree on practical recommendations and actions for reducing exposure to risks that exceed appetite or tolerance, ensuring timely communication with the Risk Owner.
• Lead, contribute to, and/or deliver risk training and awareness initiatives.
• Provide second-line review and challenge to the business.

The above cited duties and responsibilities describe the general nature and level of work performed by people assigned to the job. They are not intended to be an exhaustive list of all the duties and responsibilities that an incumbent may be expected or asked to perform.

Seniority level: Mid-Senior level

Employment type: Full-time

Job function: Finance and Sales

Industries: Insurance