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For Companies At a Glance
- Tasks: Lead and manage risk strategies while ensuring regulatory compliance and business growth.
- Company: Specialist Insurance Brokerage with a strong client base and dynamic team.
- Benefits: Competitive salary, leadership role, and opportunities for professional development.
- Why this job: Make a significant impact in the insurance industry while driving strategic initiatives.
- Qualifications: Senior leadership experience in UK-regulated insurance and strong understanding of FCA regulations.
- Other info: Join a collaborative environment focused on innovation and excellence.
The predicted salary is between 72000 - 108000 £ per year.
We are partnered with a specialist Insurance Brokerage with an established client base who are seeking a Risk Director to join their team. The successful candidate will be responsible for the overall leadership, performance and regulatory conduct of the business. The role combines statutory director responsibilities with personal regulatory accountability as an FCA-approved Senior Manager. The position carries responsibility for governance, systems and controls, commercial performance, insurer and client relationships and regulatory engagement. This role is not advisory. Responsibilities cannot be delegated without FCA approval.
Key Responsibilities
- Provide overall leadership, strategic direction and day-to-day management of the business.
- Lead insurer, MGA and capacity provider relationships, including market engagement, governance and performance oversight.
- Oversee client engagement, risk placement and renewal strategy, ensuring fair value, suitability and appropriate market selection.
- Maintain oversight of policy administration, premium collection, insurer settlements and claims handling for complex cases.
- Hold personal accountability for regulatory compliance and conduct, including regulatory reporting, complaints handling, Consumer Duty and financial crime controls.
- Act as the primary point of contact with the regulator.
- Drive business development, marketing strategy and growth initiatives aligned to the firm's specialist focus.
- Recruit, manage and develop staff, ensuring effective training, competence, supervision and conduct standards.
- Oversee third-party and supplier arrangements, ensuring appropriate governance and compliance.
- Maintain oversight of financial performance, systems and controls, operational resilience and risks to the business and its customers.
Requirements
- Senior leadership experience within a UK-regulated insurance brokerage or intermediary.
- Experience operating under SM&CR, or clear readiness to hold FCA Senior Management Function approval.
- Strong understanding of FCA regulatory expectations, conduct risk and governance within a brokerage environment.
- Commercial background with experience in insurer relationships, market engagement and risk placement.
- Proven ability to combine strategic leadership with hands-on operational delivery in a small or mid-sized business.
- Experience overseeing people, financial performance and business risk.
- Strong judgement, professionalism and eligibility to meet ongoing FCA fitness and propriety requirements.
Inventum Group is acting as an Employment Agency in relation to this vacancy.
Risk Director in Essex employer: Inventum Group
Contact Detail:
Inventum Group Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Risk Director in Essex
✨Tip Number 1
Network like a pro! Reach out to your connections in the insurance industry and let them know you're on the lookout for a Risk Director role. You never know who might have the inside scoop on an opportunity that’s not even advertised yet.
✨Tip Number 2
Prepare for interviews by brushing up on your knowledge of FCA regulations and conduct risk. We want you to be able to showcase your expertise confidently, so practice answering questions related to governance and regulatory compliance.
✨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 and match your skills. Tailor your approach to each company to show them why you’re the perfect fit!
✨Tip Number 4
Follow up after interviews! A quick thank-you email can go a long way in keeping you top of mind. It shows your enthusiasm for the role and gives you another chance to highlight why you’d be a great addition to their team.
We think you need these skills to ace Risk Director in Essex
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the Risk Director role. Highlight your senior leadership experience and any relevant regulatory knowledge. 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 position. Be sure to mention your experience with FCA regulations and how you’ve successfully managed insurer relationships in the past.
Showcase Your Achievements: When detailing your experience, focus on specific achievements that demonstrate your ability to lead and drive business performance. We love numbers, so if you can quantify your successes, do it!
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!
How to prepare for a job interview at Inventum Group
✨Know Your Regulatory Stuff
As a Risk Director, you'll need to demonstrate a solid understanding of FCA regulations and compliance. Brush up on the latest regulatory expectations and be ready to discuss how you've navigated these in your previous roles.
✨Showcase Leadership Experience
This role requires strong leadership skills, so prepare examples that highlight your experience in managing teams and driving performance. Think about specific situations where you led a team through challenges or implemented successful strategies.
✨Understand the Business Landscape
Familiarise yourself with the insurance brokerage market, especially the dynamics of insurer relationships and risk placement. Be prepared to discuss how you would approach client engagement and market selection to ensure fair value.
✨Prepare for Scenario Questions
Expect scenario-based questions that assess your judgement and decision-making skills. Think through potential challenges you might face in this role and how you would handle them, particularly regarding regulatory compliance and operational resilience.
