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- Tasks: Lead a team to enhance risk management in product and pricing strategies.
- Company: Join a leading insurance business with multiple UK office locations.
- Benefits: Enjoy flexible hybrid working with 2 days in the office per week.
- Why this job: Make a real impact on risk management while developing your leadership skills.
- Qualifications: Experience in operational risk management, preferably in insurance, is essential.
- Other info: Collaborate with top executives and drive a customer-focused, risk-aware culture.
The predicted salary is between 43200 - 72000 £ per year.
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This range is provided by MERJE. Your actual pay will be based on your skills and experience — talk with your recruiter to learn more.
Base pay range
Direct message the job poster from MERJE
Principal Recruiter-Permanent & Contract -Governance, Risk & Compliance-Midlands & North England
Leading Insurance business with various UK office locations require a Product and Pricing Senior Risk Manager to join an established Risk Management function. Reporting to the Head of 1st Line Operational Risk you will support in making risk management accessible and effective across the business. You will lead a team of risk experts, fostering collaboration across all lines of defence, and play a key role in implementing the Risk Framework within the Product & Pricing Teams. Your focus will include ensuring consistent risk practices, managing incident frameworks, and enhancing risk maturity through strategic initiatives.
The business offer a flexible hybrid working policy with 2 days per week required in any of the UK office locations which include: Newcastle, Leeds, Manchester, Chester, Birmingham, London, Bristol, Bournemouth, Ipswich.
Key Responsibilities:
- Lead and develop a team of risk experts, promoting risk awareness and competency.
- Support the implementation and embedding of the Enterprise Risk Management Framework (ERMF) within Underwriting, Pricing, and Product Teams.
- Coordinate the UK Risk Incident Management Framework, ensuring swift identification, root cause analysis, and remediation.
- Oversee 2nd and 3rd line review and audit activities, ensuring clear accountability and timely action plans.
- Collaborate with the Chief Underwriting Officer and Product Governance Teams to ensure effective risk management in product and pricing strategies.
- Provide expert risk advice on product strategies, pricing processes, and governance activities.
- Develop robust risk reporting and high-quality risk MI to support data-driven decision-making.
- Lead the planning and coordination of key risk activities within the Product & Pricing Risk Team.
- Drive continuous improvement in risk management through the development of an annual risk maturity plan, including training and coaching.
- Ensure customer-centric decision-making and foster a risk-aware culture across the business unit.
Key Skills and Experience:
- Proven experience in operational risk management, ideally within an insurance environment.
- Strong understanding of product and pricing strategies, including associated risks.
- Excellent communication skills, with the ability to present complex concepts in a simple and accessible way.
- In-depth knowledge of FCA/PRA requirements related to product and pricing risk.
- Proven ability to influence stakeholders and promote a customer-focused, risk-aware culture.
- Demonstrated leadership and coaching skills, with a track record of developing high-performing teams.
- Strong analytical skills and the ability to synthesize data to drive actionable insights.
- Collaborative mindset and experience working with multiple stakeholders across various business areas.
Seniority level
-
Seniority level
Mid-Senior level
Employment type
-
Employment type
Full-time
Job function
-
Job function
Other
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Industries
Insurance
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Product & Pricing Senior Risk Manager employer: MERJE
Contact Detail:
MERJE Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Product & Pricing Senior Risk Manager
✨Tip Number 1
Familiarise yourself with the Enterprise Risk Management Framework (ERMF) and how it applies specifically to product and pricing strategies. Understanding this framework will help you demonstrate your knowledge during discussions and interviews.
✨Tip Number 2
Network with professionals in the insurance industry, particularly those involved in operational risk management. Engaging with these individuals can provide insights into the role and may even lead to referrals.
✨Tip Number 3
Prepare to discuss your experience in leading teams and fostering a risk-aware culture. Be ready to share specific examples of how you've influenced stakeholders and improved risk practices in previous roles.
✨Tip Number 4
Stay updated on FCA/PRA requirements related to product and pricing risk. Being knowledgeable about current regulations will not only boost your confidence but also show your commitment to compliance and risk management.
We think you need these skills to ace Product & Pricing Senior Risk Manager
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights your experience in operational risk management, particularly within the insurance sector. Emphasise your leadership skills and any relevant achievements that demonstrate your ability to develop high-performing teams.
Craft a Compelling Cover Letter: In your cover letter, address how your background aligns with the key responsibilities of the role. Discuss your understanding of product and pricing strategies, and how you can contribute to enhancing risk maturity within the team.
Showcase Communication Skills: Given the importance of communication in this role, provide examples in your application of how you've effectively presented complex concepts in an accessible manner. This could be through previous presentations or reports you've created.
Highlight Stakeholder Collaboration: Demonstrate your experience working with multiple stakeholders across various business areas. Include specific examples of how you've influenced decision-making and promoted a risk-aware culture in past roles.
How to prepare for a job interview at MERJE
✨Understand the Risk Management Framework
Make sure you have a solid grasp of the Enterprise Risk Management Framework (ERMF) and how it applies to product and pricing strategies. Be prepared to discuss how you would implement and embed this framework within teams.
✨Showcase Your Leadership Skills
As a Product & Pricing Senior Risk Manager, you'll be leading a team of risk experts. Highlight your previous leadership experiences and how you've successfully developed high-performing teams in the past.
✨Prepare for Stakeholder Engagement
You’ll need to influence various stakeholders, so think about examples where you've effectively communicated complex risk concepts. Be ready to explain how you foster a customer-focused, risk-aware culture.
✨Demonstrate Analytical Thinking
The role requires strong analytical skills to drive actionable insights. Prepare to discuss how you've synthesised data in previous roles to inform decision-making and improve risk management practices.
