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- Tasks: Lead investment and solvency risk oversight, preparing key reports and providing strategic insights.
- Company: Join a leading Financial Services client based in London, focused on risk management.
- Benefits: Enjoy a competitive salary, flexible working options, and opportunities for professional growth.
- Why this job: Make a real impact in financial risk management while working in a dynamic team environment.
- Qualifications: Proven experience in risk management, particularly in investment and solvency areas is essential.
- Other info: This role is a 9-month contract and sits inside IR35 regulations.
The predicted salary is between 72000 - 108000 £ per year.
Our Financial Services client is looking for a highly skilled Head of Investment and Solvency Risk to join their London based team for a 9 months initial contract.
Purpose of role: To provide a second line of defence of the investment, capital management, reinsurance oversight functions within Finance, and responsible for the oversight of market, credit, liquidity and reinsurance risks within the client.
Accountabilities:
- Prepare papers for the ALCO, RMC, BRC and Board, and relevant risk committees and provide oversight and challenge at governance committees (e.g. Investment Risk Forum and Credit Risk Forum).
- Lead the second-line oversight of the client's capital management function, including:
- Provide challenge to the quarterly Solvency Coverage Ratio and Own Funds.
- Review and oversee the Own Funds forecast and capital plan production and challenging the investment, Own Funds, and Solvency Capital Requirement (SCR) assumptions and projections in the financial plan (excluding internal model validation).
- Draft and review Risk Opinions on the annual review of contingent management actions and interim and annual dividend approvals for the Group and solo entities within the client.
Head of Risk Management - Lorien Impellam employer: Lorien Impellam
Contact Detail:
Lorien Impellam Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Head of Risk Management - Lorien Impellam
✨Tip Number 1
Network with professionals in the financial services sector, especially those involved in risk management. Attend industry events or webinars to connect with potential colleagues and learn about the latest trends in investment and solvency risk.
✨Tip Number 2
Familiarise yourself with the specific regulatory frameworks and compliance requirements relevant to investment and solvency risk. This knowledge will not only enhance your understanding but also demonstrate your commitment to the role during discussions.
✨Tip Number 3
Prepare to discuss your experience with capital management and risk oversight in detail. Be ready to provide examples of how you've successfully challenged assumptions and contributed to risk governance in previous roles.
✨Tip Number 4
Stay updated on macroeconomic and geopolitical developments that could impact investment portfolios. Being able to articulate your insights on these issues will set you apart as a candidate who understands the broader context of risk management.
We think you need these skills to ace Head of Risk Management - Lorien Impellam
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in risk management, particularly in investment and solvency risk. Use specific examples that demonstrate your ability to oversee market, credit, liquidity, and reinsurance risks.
Craft a Compelling Cover Letter: In your cover letter, explain why you are the perfect fit for the Head of Investment and Solvency Risk role. Mention your experience with governance committees and your ability to prepare papers for ALCO, RMC, and BRC.
Showcase Your Regulatory Knowledge: Emphasise your understanding of regulatory requirements and your experience in contributing to key regulatory reports. Highlight any specific knowledge you have regarding the Own Risk and Solvency Assessment.
Highlight Leadership Skills: Since this role involves leading oversight functions, make sure to showcase your leadership skills and experience in managing teams or projects. Provide examples of how you've successfully led initiatives in risk management.
How to prepare for a job interview at Lorien Impellam
✨Understand the Role Inside Out
Make sure you thoroughly understand the responsibilities of the Head of Investment and Solvency Risk. Familiarise yourself with key concepts like Solvency Coverage Ratio, Own Funds, and the importance of risk oversight in capital management.
✨Prepare for Technical Questions
Expect to be asked about specific risk management frameworks and regulatory requirements. Brush up on your knowledge of market, credit, liquidity, and reinsurance risks, as well as recent developments in the financial services sector.
✨Showcase Your Leadership Skills
As this role involves leading oversight functions, be ready to discuss your leadership style and experiences. Prepare examples of how you've successfully managed teams or projects in high-pressure environments.
✨Demonstrate Strategic Thinking
Highlight your ability to think strategically about risk management. Discuss how you would approach monitoring macroeconomic and geopolitical factors that could impact the client, and provide insights into your decision-making process.
