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- Tasks: Oversee financial risks and support strategic planning in a dynamic insurance environment.
- Company: Join a leading general insurance group focused on innovation and collaboration.
- Benefits: Enjoy a forward-thinking culture with opportunities for professional growth and development.
- Why this job: Be part of a team that shapes financial strategies and drives impactful decisions.
- Qualifications: Ideal for qualified actuaries or financial risk professionals with relevant experience.
- Other info: Experience in Solvency II and PRA-regulated contexts is a plus.
The predicted salary is between 48000 - 84000 £ per year.
We are working with a leading general insurance group to recruit a Financial Risk Manager to support their Risk & Compliance function at group level. Reporting to the Head of Financial Risk, this newly created role will play a key part in providing 2nd line oversight of financial risks across the business, including reinsurance, capital, reserves, and investment strategies.
Key Responsibilities include but are not limited to:
- Providing 2nd line oversight and assurance of material financial risks, including deep dive reviews and policy updates.
- Supporting the delivery and validation of the Group ORSA process, stress testing, and capital planning.
- Embedding and overseeing the Group's Model Risk Management Framework.
- Liaising closely with Finance and Actuarial teams to challenge key assumptions and identify emerging risks.
- Attending and contributing to forums including Reserving, Investment, and Finance Committees.
- Supporting risk reporting and contributing to Board and Executive Committee papers.
This is an exciting opportunity for a qualified or part-qualified actuary or a financial risk professional with equivalent experience looking to take on a strategic oversight role within a forward-thinking and collaborative environment. General insurance experience within a Solvency II and PRA-regulated context is highly desirable. Apply below to learn more about this opportunity.
Financial Risk Manager employer: HFG
Contact Detail:
HFG Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Financial Risk Manager
✨Tip Number 1
Network with professionals in the insurance and financial risk sectors. Attend industry events or webinars where you can meet people who work in similar roles. This can help you gain insights into the company culture and potentially get a referral.
✨Tip Number 2
Familiarise yourself with the latest trends and regulations in financial risk management, particularly within the Solvency II framework. Being well-versed in these topics will not only boost your confidence but also demonstrate your commitment to the field during discussions.
✨Tip Number 3
Prepare to discuss specific examples of how you've managed financial risks in previous roles. Think about challenges you've faced and how you overcame them, as this will showcase your problem-solving skills and strategic thinking.
✨Tip Number 4
Research the company’s recent projects and initiatives related to risk management. Being able to reference these in conversations will show that you're genuinely interested in the role and understand the company's objectives.
We think you need these skills to ace Financial Risk Manager
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in financial risk management, particularly in areas like reinsurance, capital, and reserves. Use specific examples that demonstrate your expertise in these fields.
Craft a Compelling Cover Letter: In your cover letter, express your enthusiasm for the role and the company. Discuss how your background as a qualified or part-qualified actuary aligns with the responsibilities of the Financial Risk Manager position.
Highlight Relevant Skills: Emphasise skills that are crucial for the role, such as analytical thinking, attention to detail, and experience with stress testing and capital planning. Mention any familiarity with Solvency II and PRA regulations.
Proofread Your Application: Before submitting, carefully proofread your application materials. Check for spelling and grammatical errors, and ensure that all information is clear and concise. A polished application reflects your professionalism.
How to prepare for a job interview at HFG
✨Understand the Financial Risk Landscape
Familiarise yourself with the key financial risks relevant to the insurance industry, such as reinsurance, capital management, and investment strategies. Being able to discuss these topics confidently will demonstrate your expertise and understanding of the role.
✨Prepare for Technical Questions
Expect questions that assess your knowledge of risk management frameworks, particularly in a Solvency II and PRA-regulated context. Brush up on your technical skills and be ready to provide examples of how you've applied these in previous roles.
✨Showcase Your Collaborative Skills
This role requires close collaboration with Finance and Actuarial teams. Be prepared to discuss past experiences where you successfully worked in a team environment, highlighting your ability to challenge assumptions and identify emerging risks.
✨Engage with the Company’s Vision
Research the company’s values and strategic goals. During the interview, express how your personal career aspirations align with their vision, especially in terms of contributing to a forward-thinking and collaborative environment.
