Defined Benefits Senior Risk Manager in London

Location: London - hybrid 50%
Contract: Permanent
Hours: Full time - 35 hours

Purpose
To be responsible for all aspects of risk pertaining to Defined Benefits (DB) from within the business at Just.

About Just
We help people achieve a better later life. That’s our purpose and it’s the reason we exist. We are a fast-growing company helping customers enjoy the retirement they deserve. We do this through a variety of market leading, award-winning products and services, delivered by a diverse team of over 1,400 purpose-led colleagues who genuinely put the customer at the heart of everything we do. This is a brilliant time to join our business. We are on an exciting growth journey to become the UK’s most loved retirement expert.

Key responsibilities

• Lead on the Identification, Management, Monitoring and Mitigation (IMMM) of risks inherent in writing pension risk transfer business. This includes financial, insurance and operational (all) risks pertaining to the Defined benefits business, from within the business.
• Develop and embed first line risk reporting across the DB business unit up to the Senior Management Committee including all relevant risk metrics for the DB business.
• Co-ordination of DB reporting into the Group Risk team for upwards reporting into Executive and Group Risk Committees.
• Build a working relationship with group risk team, ensuring awareness of the group risk requirements, second line policies, frameworks and procedures.
• Lead on and oversee embedding of these within the DB department as required.
• Work closely with the Risk function ensuring that major transactions and initiatives have necessary and timely risk input and review.
• Lead the co-ordination on behalf of DB with other control functions across Just including internal and external audit.
• Work closely with those functions to ensure that risk is captured appropriately across departments.
• Act as a risk subject matter expert within the DB business unit and provide trusted advice, support and training to the team managers and team members to support strong risk culture and practices across the department.
• Develop the DB risk leads to act as local risk experts within their local areas and provide risk expertise and support to them.
• Provide pro-active risk advice, support and effective challenge to the DB business, encouraging best practices in controls, management of risks and proactive management of risk events, and risk advice for new propositions, change initiatives and deals.
• Lead the development, implementation and embedding of the quantitative aspects of DB's risk appetite framework and the translation into quantitative tolerances, limits and thresholds.
• Ensure risk appetite is clearly understood, adhered to and documented by the wider DB team.
• Carry out Line 1 risk and control reviews and assurance activities as required.
• Provide oversight and expertise on controls design best practice into change and transformation activities.
• Own oversight of DB's Own Risk and Solvency Assessment (ORSA), providing review of functional unit inputs, and other regular reporting to the risk function.
• Support the business planning and strategy process in DB by ensuring it includes appropriate, adequate and effective consideration of all risks.
• Provide support and oversight of the operation of the Group's risk management database (SWORD) within the DB area, ensuring compliance, and consistent standards across the DB business.

What we are looking for

• Risk experience within the insurance industry
• Proven track record of practical experience of implementing and/or operating risk management processes.
• Significant breadth of experience and knowledge of life and pensions / Financial Services.
• Experience of change and implementation of developments.
• Commercially experienced and aware, with a strong understanding of market dynamics and business strategies.
• Proven record of building strong internal partnerships within businesses, particularly with technical functions such as Actuarial.
• Experience in running quantitative frameworks in financial, insurance, and operational risk, with a proven ability to understand and meet the requirements of Executives, Risk Committees and Boards.

Our behaviours
At Just you’ll have the opportunity to develop your career, whilst making a difference to the lives of those around you. You’ll be part of a company with a strong and distinctive culture - we’re ambitious, curious and collaborative - and every decision we make centres around being Just and delivering the best outcomes for our customers.

What’s in it for you
A competitive salary, pension scheme and life assurance
25 days annual leave plus an additional day on us for your birthday
Private medical cover and income protection, just in case
A generous and highly achievable bonus scheme
Opportunities to progress your career in-role and within the company
Free access to the Headspace app, 24/7 employee assistance helpline and trained physical and mental health first aiders
A variety of employee funded benefits available via our online benefits portal
Plus, several additional purchase options available for you and your loved ones

Belonging at Just
Valuing diversity of thought and fostering a sense of belonging is critical to our business success, driving innovation and balanced decision making. Our work on DEIB (Diversity, Equity, Inclusion and Belonging) aims to deliver a brilliant employee experience underpinned by a sense of belonging, where our people feel proud to work at Just. We remain committed to our publicly disclosed HM Treasury Women in Finance Charter and Race at Work Charter targets and support a wide range of employee network and events, championing issues including intergenerational working, social mobility and neurodiversity.

Application details
Please submit your CV using the 'apply now' button. Shortlisted candidates will be contacted regarding next steps which may include an initial phone interview and in-person assessment.