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For Companies At a Glance
- Tasks: Provide independent oversight and challenge on financial risks within a dynamic insurance environment.
- Company: Join a well-established financial services group with a strong reputation.
- Benefits: Enjoy flexible working, competitive salary, and opportunities for professional growth.
- Why this job: Make a real impact in a true 2nd line role with senior visibility.
- Qualifications: Experience in 2nd line risk roles and a solid understanding of financial risks required.
- Other info: Be part of a stable organisation with a focus on governance and risk management.
The predicted salary is between 60000 - 80000 £ per year.
Location: UK (hybrid / flexible working)
Sector: Insurance
Function: Risk & Compliance – Second Line of Defence
Vermelo is partnering with a well-established, regulated financial services group to appoint a Financial Risk Manager into a 2nd line oversight role within their Risk & Compliance function. This is a newly created position, offering broad exposure across financial risk, capital, ORSA and model risk, with genuine visibility at senior leadership and committee level.
The core purpose of this role is to provide independent 2nd line oversight and challenge to the business in relation to financial risks. You will act as a key partner to 1st line Finance teams while maintaining clear separation and assurance responsibilities under the three lines of defence model.
- Providing 2nd line oversight and assurance of financial risks across the business
- Supporting the application of the Risk Management Framework, including risk identification, assessment, appetite setting and monitoring
- Oversight of credit, liquidity and market risks, and challenge of investment and capital decisions
- Supporting delivery of ORSA activity, including stress and scenario testing and validation of quantitative components
- Embedding and maintaining elements of the model risk management framework
- Contributing to governance through risk committees, finance forums, Board and ExCo papers
- Delivering deep-dive reviews and assurance activity on material financial risks
This is a non-operational risk role – the focus is on oversight, challenge, assurance and governance rather than owning 1st line delivery.
About you
- We are keen to speak with candidates from the Insurance Industry and who have a clear understanding of 2nd line risk responsibilities.
- Experience in a 2nd line risk, financial risk or capital risk role
- Background in Insurance
- Strong understanding of financial risks, capital, stress testing and risk appetite
- Exposure to regulatory frameworks (e.g. Solvency II, PRA / FCA or equivalent)
- Confidence providing independent challenge to senior stakeholders
- A clear grasp of the three lines of defence model
- Professional qualifications such as actuarial, risk or finance credentials are advantageous, but relevant experience is equally valued
Why apply?
- True 2nd line role with strong independence and influence
- Broad group exposure and senior stakeholder visibility
- Opportunity to shape and mature financial risk oversight
- Flexible working within a stable, regulated organisation
Finance Risk Manager employer: GerrardWhite
Contact Detail:
GerrardWhite Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Finance Risk Manager
✨Tip Number 1
Network like a pro! Reach out to folks in the finance and insurance sectors on LinkedIn. Join relevant groups and engage in discussions. You never know who might have the inside scoop on job openings or can refer you directly.
✨Tip Number 2
Prepare for those interviews by brushing up on your knowledge of financial risks and the three lines of defence model. Be ready to discuss how you've provided oversight and challenge in past roles. Confidence is key, so practice articulating your thoughts clearly!
✨Tip Number 3
Don’t just apply anywhere; focus on companies that align with your values and career goals. Use our website to find roles that excite you, especially those that offer flexibility and growth opportunities in risk management.
✨Tip Number 4
Follow up after interviews! A quick thank-you email can go a long way. Mention something specific from your conversation to remind them of your fit for the role. It shows you're genuinely interested and keeps you top of mind.
We think you need these skills to ace Finance Risk Manager
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the Finance Risk Manager role. Highlight your experience in 2nd line risk, financial risk, and any relevant qualifications. We want to see how your background aligns with the responsibilities outlined in the job description.
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you're the perfect fit for this role. Mention your understanding of the three lines of defence model and how you can provide independent oversight and challenge. We love a good story!
Showcase Relevant Experience: When filling out your application, be sure to showcase your experience in the insurance industry and your familiarity with regulatory frameworks like Solvency II. We’re looking for candidates who can hit the ground running, so make it clear how your past roles have prepared you for this one.
Apply Through Our Website: Don’t forget to apply through our website! It’s the best way for us to receive your application and ensures you’re considered for the role. Plus, it shows you’re keen on joining our team at StudySmarter!
How to prepare for a job interview at GerrardWhite
✨Know Your Financial Risks
Make sure you brush up on your understanding of financial risks, especially in the context of insurance. Be ready to discuss how you would provide oversight and challenge to the 1st line Finance teams, as this will show your grasp of the role's core responsibilities.
✨Familiarise Yourself with Regulatory Frameworks
Since the role involves exposure to regulatory frameworks like Solvency II and PRA/FCA, it’s crucial to be well-versed in these areas. Prepare examples of how you've navigated these regulations in past roles to demonstrate your expertise.
✨Prepare for Scenario Testing Discussions
Given that the position includes supporting ORSA activities and stress testing, think about how you would approach these tasks. Be ready to share your insights on quantitative components and how they impact risk management.
✨Showcase Your Stakeholder Engagement Skills
This role requires confidence in providing independent challenge to senior stakeholders. Prepare to discuss instances where you've successfully influenced decision-making or provided oversight in previous positions, highlighting your communication skills and assertiveness.