Operational Risk Manager

Operational Risk Manager

London Full-Time 72000 - 108000 ÂŁ / year (est.) No home office possible
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At a Glance

  • Tasks: Rebuild the operational risk framework and develop policies aligned with Solvency UK.
  • Company: Join a leading consultancy working with a Lloyd’s syndicate in the insurance sector.
  • Benefits: Flexible workload of 3-5 days per week with potential for contract extension.
  • Why this job: Make a real impact on risk management while collaborating with diverse teams.
  • Qualifications: Strong operational risk experience in insurance, especially within Lloyd’s syndicates.
  • Other info: This is a mid-senior level contract role based in London.

The predicted salary is between 72000 - 108000 ÂŁ per year.

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Duration: Iniitally until end of the year with extension highly likely

Workload: 3–5 days per week

Overview:

We are seeking a Risk Manager contractor to work with a Lloyd’s syndicate (via a well known Consultancy) on a contractor basis, covering a secondment. The contractor will play a key role in rebuilding the risk framework and ensuring alignment with regulatory standards, particularly Solvency UK.

Key Responsibilities:

  • Rebuild and enhance the operational risk framework from the ground up
  • Develop risk policies in line with Solvency UK requirements
  • Design and implement causes and controls, and ensure appropriate evidence and documentation
  • Collaborate with HR on HR-related risks, controls, and documentation
  • Engage with the wider business to embed risk practices effectively

Required Experience:

  • Strong operational risk background within the insurance sector
  • Proven experience working in General Insurance or within Lloyd’s syndicates
  • Understanding of Solvency UK (or Solvency II) regulations
  • Experience in policy writing, control testing, and risk documentation

Seniority level

  • Seniority level

    Mid-Senior level

Employment type

  • Employment type

    Contract

Job function

  • Job function

    Accounting/Auditing and Consulting

  • Industries

    Financial Services and Insurance

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Operational Risk Manager employer: IGA Talent Solutions

At IGA Talent Solutions, we pride ourselves on being an exceptional employer, particularly for those in the financial services sector. Our collaborative work culture fosters innovation and professional growth, while our London location offers unparalleled access to industry leaders and networking opportunities. With a focus on rebuilding risk frameworks and aligning with regulatory standards, we provide meaningful and rewarding employment that empowers our team members to make a significant impact.
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Contact Detail:

IGA Talent Solutions Recruiting Team

StudySmarter Expert Advice 🤫

We think this is how you could land Operational Risk Manager

✨Tip Number 1

Network with professionals in the insurance sector, especially those who have experience with Lloyd's syndicates. Attend industry events or webinars to connect with potential colleagues and learn about the latest trends in operational risk management.

✨Tip Number 2

Familiarise yourself with Solvency UK regulations and recent changes in the insurance landscape. This knowledge will not only help you in interviews but also demonstrate your commitment to staying updated in your field.

✨Tip Number 3

Prepare to discuss specific examples of how you've rebuilt risk frameworks or developed policies in previous roles. Highlight your achievements and the impact they had on compliance and operational efficiency.

✨Tip Number 4

Engage with the job poster directly through our platform. Ask insightful questions about the role and express your enthusiasm for contributing to their team. This can set you apart from other candidates.

We think you need these skills to ace Operational Risk Manager

Operational Risk Management
Regulatory Compliance
Solvency UK Knowledge
Policy Writing
Control Testing
Risk Documentation
Stakeholder Engagement
Collaboration with HR
Analytical Skills
Attention to Detail
Project Management
Communication Skills
Problem-Solving Skills
Adaptability

Some tips for your application 🫡

Understand the Role: Before applying, make sure you fully understand the responsibilities of an Operational Risk Manager. Familiarise yourself with the key tasks such as rebuilding risk frameworks and aligning with Solvency UK regulations.

Tailor Your CV: Highlight your relevant experience in operational risk, particularly within the insurance sector. Emphasise any previous work with Lloyd’s syndicates and your understanding of Solvency UK or Solvency II regulations.

Craft a Strong Cover Letter: In your cover letter, explain why you are the perfect fit for this role. Discuss your experience in policy writing, control testing, and how you can contribute to enhancing the operational risk framework.

Proofread Your Application: Before submitting, carefully proofread your application materials. Ensure there are no spelling or grammatical errors, and that all information is clear and concise. A polished application reflects your attention to detail.

How to prepare for a job interview at IGA Talent Solutions

✨Understand the Regulatory Landscape

Familiarise yourself with Solvency UK and Solvency II regulations. Be prepared to discuss how your experience aligns with these standards and how you can contribute to rebuilding the risk framework.

✨Showcase Your Operational Risk Experience

Highlight your background in operational risk within the insurance sector, particularly any experience with Lloyd’s syndicates. Use specific examples to demonstrate your expertise in policy writing and control testing.

✨Prepare for Collaboration Questions

Since the role involves engaging with HR and the wider business, think of examples where you've successfully collaborated across departments. Be ready to discuss how you can embed risk practices effectively within an organisation.

✨Demonstrate Your Problem-Solving Skills

Be prepared to discuss challenges you've faced in previous roles related to risk management and how you overcame them. This will show your ability to enhance the operational risk framework and implement effective controls.

Operational Risk Manager
IGA Talent Solutions
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I
  • Operational Risk Manager

    London
    Full-Time
    72000 - 108000 ÂŁ / year (est.)

    Application deadline: 2027-09-01

  • I

    IGA Talent Solutions

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