At a Glance
- Tasks: Lead insurance risk oversight and internal model validation across diverse specialty risks.
- Company: Join a leading Lloyd's/London Market firm with a strong reputation.
- Benefits: Competitive salary, hybrid work, and opportunities for strategic influence.
- Other info: Great opportunity for leadership and exposure to complex specialty risks.
- Why this job: Shape risk appetite and drive impactful risk assessments in a dynamic environment.
- Qualifications: Extensive experience in insurance risk management and strong communication skills.
The predicted salary is between 150000 - 170000 € per year.
North Co Recruitment are working with a leading Lloyd's/London Market firm to appoint a Head of Insurance Risk to lead insurance risk oversight and Internal Model validation across a geographically diverse, multi-class specialty book. This is a senior, business-facing role for a quantitative risk leader to provide second-line challenge across underwriting, reserving, pricing, exposure management and capital modelling.
Key Responsibilities:
- Lead the insurance risk team, providing independent second-line challenge across underwriting, reserving, pricing, exposure management, capital modelling and reinsurance.
- Own and shape risk appetite for insurance risks, including catastrophe, underwriting and reserve risk.
- Drive quarterly risk reporting cycles, providing expert challenge and insight to senior stakeholders.
- Lead deep-dive risk assessments of underwriting classes and assess key risks to business plan achievability.
- Own Internal Model validation end-to-end, including planning, execution and presentation of findings to senior committees.
- Oversee stress and scenario testing, reverse stress testing and production of quantitative ORSA elements.
- Represent Risk Management at Internal Model Governance Committee and collaborate on ongoing model development.
Requirements:
- Extensive insurance risk management, actuarial or capital modelling experience from an insurer or consultancy.
- Self-starter with excellent communication skills, able to present complex risk information to senior stakeholders.
- Strong financial analysis and data interpretation capability.
If you're looking for a senior insurance risk role with genuine strategic influence, leadership responsibility and exposure to complex specialty risks in a Lloyd's environment, we'd be keen to speak.
Salary: £150,000 - £170,000 base, plus discretionary bonus
Location: Hybrid, London Based.
For more information or to discuss other opportunities, reach out to Tom Parker.
Director of Insurance & Risk Management in City of London employer: North Co Recruitment
Join a prestigious Lloyd's/London Market firm that values innovation and leadership in the insurance sector. With a hybrid working model based in London, employees benefit from a dynamic work culture that fosters professional growth and collaboration. The company offers competitive salaries, discretionary bonuses, and the opportunity to influence strategic decisions in a complex specialty risk environment, making it an exceptional place for ambitious professionals seeking meaningful impact.
StudySmarter Expert Advice🤫
We think this is how you could land Director of Insurance & Risk Management in City of London
✨Tip Number 1
Network like a pro! Reach out to industry contacts and attend relevant events. We all know that sometimes it’s not just what you know, but who you know that can land you that dream role.
✨Tip Number 2
Prepare for interviews by practising common questions and scenarios related to insurance risk management. We recommend doing mock interviews with friends or mentors to boost your confidence and refine your answers.
✨Tip Number 3
Showcase your expertise! Bring along examples of your previous work, especially those that demonstrate your quantitative risk leadership. We want to see how you’ve tackled challenges in underwriting, reserving, and capital modelling.
✨Tip Number 4
Don’t forget to follow up after interviews! A quick thank-you email can go a long way. It shows your enthusiasm for the role and keeps you fresh in their minds. And remember, apply through our website for the best chance!
We think you need these skills to ace Director of Insurance & Risk Management in City of London
Some tips for your application 🫡
Tailor Your CV:Make sure your CV speaks directly to the role of Director of Insurance & Risk Management. Highlight your experience in insurance risk management, actuarial work, and capital modelling. We want to see how your skills align with 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 senior role. Share specific examples of your leadership in risk oversight and how you've tackled complex challenges in the past.
Showcase Your Communication Skills:Since this role involves presenting complex information to senior stakeholders, make sure to highlight your communication skills in your application. We love candidates who can break down intricate concepts into digestible insights!
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 this exciting opportunity. We can’t wait to hear from you!
How to prepare for a job interview at North Co Recruitment
✨Know Your Numbers
As a Director of Insurance & Risk Management, you'll need to demonstrate your quantitative skills. Brush up on key metrics related to underwriting, reserving, and capital modelling. Be ready to discuss how you've used data to drive decisions in past roles.
✨Master the Art of Communication
This role requires excellent communication skills, especially when presenting complex risk information to senior stakeholders. Practice explaining intricate concepts in simple terms. Consider using examples from your experience to illustrate your points clearly.
✨Showcase Your Leadership Style
You'll be leading a team, so it's crucial to convey your leadership approach. Think about how you motivate and challenge your team. Prepare to share specific instances where your leadership made a difference in risk management outcomes.
✨Prepare for Scenario Testing Questions
Given the focus on stress and scenario testing, expect questions around these topics. Familiarise yourself with different testing methodologies and be prepared to discuss how you've implemented them in previous roles. Highlight any innovative approaches you've taken.
