At a Glance
- Tasks: Support risk management and analysis while collaborating with senior leadership.
- Company: Join Hiscox, a leading insurance company with a focus on innovation.
- Benefits: Enjoy hybrid working, competitive salary, and opportunities for professional growth.
- Other info: Great opportunity for career advancement in a fast-paced industry.
- Why this job: Make a real impact in risk management within a dynamic and supportive environment.
- Qualifications: Experience in enterprise risk management or related fields is preferred.
The predicted salary is between 55000 - 65000 £ per year.
Job Type: Permanent. Build a brilliant future with Hiscox. Reporting to the Group Head of Enterprise Risk Management, London. Hybrid working (minimum two days in office per week).
Key Responsibilities
- Provide support to the Group Risk Function in delivering its objectives.
- Support the Risk Function in managing and embedding the Risk and Control Self-Assessment (RCSA) process, Group risk policies, the Risk and Control Register (RCR), Risk Dashboards, and Risk Event and Action analysis and reporting.
- Assist with the preparation of papers and documents to be discussed at Board level and Executive level Risk Committees.
- Lead on the production of the Group Own Risk and Solvency Assessment (ORSA) report and support the production of the ORSA reports across the Group.
- Support the analysis of reported risk events and consider how external datasets can be used to help inform internal analysis.
- Contribute to business second line challenge through involvement in stakeholder meetings and specific risk reviews.
- Develop subject matter expertise, including through self‑study and attendance at industry and market meetings.
- Stay abreast of regulatory developments in respect of risk management and the commensurate requirements and implications to the business.
- Support the delivery of regulatory requirements, including submissions to a range of regulators of the Hiscox group.
Qualifications & Technical Experience
- Solid understanding of key enterprise risk techniques and related common good practice, with deep knowledge and experience in key risk types applicable to retail insurance and commercial (re)insurance.
- Strong preference for experience in insurance; consideration given to financial services experience.
- Proven experience in Enterprise Risk Management or a focused risk area, including roles such as insurance audit, compliance, consultancy or other relevant experiences.
- Experience in meeting corporate and regulatory risk management requirements and related reporting.
- Qualification or progress towards qualification in a related field such as risk management, insurance, finance or accounting.
Desired Skills
- Ability to work independently and take ownership of tasks in an organised manner.
- Capability to form and articulate an opinion based on analysis, considering internal and external factors.
- Ability and ownership for integrating and harmonising own activities, multi‑tasking effectively, prioritising work, meeting deadlines and working in a dynamic and complex environment.
- Demonstrated strong risk capabilities, increasing depth of technical know‑how and breadth of responsibility.
- Skill in developing, managing and deepening multiple stakeholder relationships across all levels of the business.
- Confidence in putting forward constructive challenge to senior colleagues in a credible, collaborative and non‑contentious manner.
- Accountability for areas of responsibility and a pride in delivery.
- Capacity to diagnose an issue, consider options and approaches and execute solutions seamlessly.
Risk Officer employer: Hiscox Underwriting Group Services Ltd (HUGS)
Hiscox is an exceptional employer that fosters a dynamic and inclusive work culture, offering employees the opportunity to thrive in a hybrid working environment in London. With a strong emphasis on professional development, employees can expect robust growth opportunities through continuous learning and engagement with industry experts. The company's commitment to regulatory excellence and risk management ensures that team members are at the forefront of the insurance sector, making a meaningful impact while enjoying a supportive and collaborative atmosphere.
Contact Details:
Hiscox Underwriting Group Services Ltd (HUGS) Recruitment Team
StudySmarter Expert Advice🤫
We think this is how you could land Risk Officer
✨Tip Number 1
Network like a pro! Reach out to folks in the industry, attend events, and connect with people on LinkedIn. You never know who might have the inside scoop on job openings or can put in a good word for you.
✨Tip Number 2
Prepare for interviews by researching the company and its risk management practices. Be ready to discuss how your experience aligns with their needs, especially in areas like RCSA processes and regulatory requirements.
✨Tip Number 3
Showcase your expertise! Bring examples of your past work in risk management to the table. Whether it’s reports you’ve produced or challenges you’ve tackled, let them see your skills in action.
✨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 Risk Officer
Some tips for your application 🫡
Tailor Your CV:Make sure your CV speaks directly to the role of Risk Officer. Highlight your experience in enterprise risk management and any relevant qualifications. We want to see how your background aligns with what we're looking for!
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 team. Keep it concise but impactful – we love a good story!
Showcase Your Skills:Don’t just list your skills; demonstrate them! Use specific examples from your past experiences that show how you've tackled challenges in risk management. We’re keen to see your problem-solving abilities in action.
Apply Through Our Website:We encourage you to apply through our website for a smoother process. It helps us keep track of your application and ensures you don’t miss out on any important updates. Plus, it’s super easy!
How to prepare for a job interview at Hiscox Underwriting Group Services Ltd (HUGS)
✨Know Your Risk Fundamentals
Make sure you brush up on key enterprise risk techniques and practices relevant to the insurance sector. Familiarise yourself with the Risk and Control Self-Assessment (RCSA) process and be ready to discuss how you've applied these in your previous roles.
✨Prepare for Board-Level Discussions
Since you'll be assisting with papers for Board and Executive level Risk Committees, practice articulating complex risk concepts clearly and concisely. Think about how you can present your ideas confidently, as if you're already in that boardroom.
✨Stay Updated on Regulations
Keep yourself informed about the latest regulatory developments in risk management. Be prepared to discuss how these changes could impact the business and demonstrate your proactive approach to staying ahead of industry trends.
✨Showcase Your Stakeholder Management Skills
Highlight your experience in building relationships across various levels of an organisation. Prepare examples of how you've successfully navigated stakeholder meetings and provided constructive challenges, showcasing your ability to communicate effectively and collaboratively.
