At a Glance
- Tasks: Lead insurance risk oversight and validation across a diverse specialty book.
- Company: Join a leading Lloyd's/London Market firm with a strong reputation.
- Benefits: Competitive salary, hybrid work model, and discretionary bonuses.
- Other info: Opportunity for genuine influence and exposure to complex risks.
- Why this job: Make a strategic impact in a senior role with leadership responsibilities.
- Qualifications: Extensive experience in insurance risk management or actuarial roles.
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.
Head of Risk and Insurance in City of London employer: North Co Recruitment
As a leading firm in the Lloyd's/London Market, we pride ourselves on fostering a dynamic and inclusive work culture that values innovation and collaboration. Our employees benefit from competitive salaries, a discretionary bonus structure, and opportunities for professional growth within a supportive environment. With a hybrid working model based in London, we offer the perfect balance of flexibility and engagement, making us an excellent employer for those seeking to make a meaningful impact in the insurance risk sector.
StudySmarter Expert Advice🤫
We think this is how you could land Head of Risk and Insurance in City of London
✨Tip Number 1
Network like a pro! Reach out to industry contacts, attend events, and engage on LinkedIn. 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 risk management. We suggest 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 highlight your quantitative skills and risk oversight experience. We want to see how you’ve tackled challenges in the past.
✨Tip Number 4
Don’t forget to follow up after interviews! A quick thank-you email can go a long way in keeping you top of mind. We recommend reiterating your enthusiasm for the role and how you can contribute to their team.
We think you need these skills to ace Head of Risk and Insurance in City of London
Some tips for your application 🫡
Tailor Your CV:Make sure your CV speaks directly to the role of Head of Risk and Insurance. 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 demonstrate your communication prowess in your application. We love seeing candidates who can break down intricate concepts into clear, concise language.
Apply Through Our Website:Don't forget to submit your application through our website! It’s the best way for us to receive your details 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 Risk Management Inside Out
Make sure you brush up on your knowledge of insurance risk management, especially in areas like underwriting, reserving, and capital modelling. Be ready to discuss specific examples from your past experience that demonstrate your expertise and how you've successfully navigated complex risk scenarios.
✨Prepare for Technical Questions
Expect to face technical questions related to Internal Model validation and quantitative analysis. We recommend reviewing key concepts and methodologies, as well as being prepared to explain your thought process when tackling risk assessments or stress testing. This will show your depth of understanding and analytical skills.
✨Showcase Your Leadership Skills
As a Head of Risk and Insurance, you'll need to lead a team and influence senior stakeholders. Prepare to share examples of how you've successfully led teams, driven change, or provided strategic insights in previous roles. Highlight your communication skills and ability to present complex information clearly.
✨Understand the Company Culture
Research the company’s values and culture, especially within the Lloyd's/London Market context. Tailor your responses to align with their ethos and demonstrate how you can contribute to their goals. This will help you connect with the interviewers and show that you're a good fit for their team.
