Senior Risk Lead

Senior Risk Lead

City of London Full-Time No home office possible
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At a Glance

  • Tasks: Lead risk management workshops and develop strategies to mitigate risks.
  • Company: Oliver James is a dynamic staffing and recruiting firm focused on the insurance sector.
  • Benefits: Enjoy remote work flexibility with competitive pay of £600-700 per day.
  • Why this job: Join a collaborative team and make a real impact in risk management.
  • Qualifications: 5+ years in Risk Management within General Insurance; strong communication and organisational skills required.
  • Other info: This is a temporary contract role with potential for growth.

Job Title: (Senior) Risk Lead

Duration: 3-6 month contract

Rate/Salary: £600-700 per day Outside IR35

Location: Remote working (following 2-3 days per week on-site for the first month)

The Role:

  • Conduct workshops with first line risk owners to identify risks, develop mitigation strategies, and establish control mechanisms.
  • Take the operational lead in establishing the Risk Management framework in the UK in collaboration with the Chief Risk Officer (CRO) and group Risk Management function.
  • Supporting control owners meet the requirements of the risks management framework and maintain a log indicating whether controls are designed and operated effectively.
  • Maintain incident logs and ensure effective incident management.
  • Utilising the output of the Risk Management framework to support risk owners assess inherit and residual risks.
  • Create reports for boards and management committees, contributing to informed decision-making.
  • Draft and update the company\’s Risk Management policies to ensure alignment with regulatory standards.
  • Collaborate with risk owners to set Risk Appetite and Key Risk Indicators.
  • Identify and report on emerging risks, ensuring proactive risk management.
  • Independently monitor and assess the effectiveness of controls as the second line of defence.
  • Provide ad-hoc support to prepare the Own Risk and Solvency Assessment.
  • Experience Required:

  • Must have significant and demonstrable experience in Risk Management within the General Insurance sector (c. 5 years minimum)
  • Excellent organisational and critical thinking skills
  • Demonstrable ability on attention to detail and accuracy
  • Ability to work independently and as part of a team
  • Strong knowledge of the regulations and compliance standards within the Insurance industry
  • Excellent communication skills to effectively interact with clients, employees, and management
  • If the above role is of interest and you fit the following criteria, please apply online for consideration. All successful applicants will have recent General Insurance industry experience and a notice period of 4 weeks or shorter. Please note that sponsorship cannot be offered for this role.

    Senior Risk Lead employer: Oliver James

    At Oliver James, we pride ourselves on fostering a dynamic and inclusive work culture that empowers our employees to thrive. As a Senior Risk Lead, you will benefit from flexible remote working arrangements, competitive daily rates, and the opportunity to collaborate with industry leaders in the General Insurance sector. We are committed to your professional growth, offering continuous learning opportunities and a supportive environment where your contributions directly impact our risk management framework.
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    Contact Detail:

    Oliver James Recruiting Team

    StudySmarter Expert Advice 🤫

    We think this is how you could land Senior Risk Lead

    ✨Tip Number 1

    Network with professionals in the General Insurance sector. Attend industry events or webinars where you can meet potential colleagues or decision-makers at Oliver James. Building these connections can give you insights into the company culture and the specific challenges they face.

    ✨Tip Number 2

    Familiarise yourself with the latest regulations and compliance standards in the insurance industry. Being well-versed in these areas will not only boost your confidence but also demonstrate your commitment to staying updated, which is crucial for a Senior Risk Lead role.

    ✨Tip Number 3

    Prepare to discuss your experience in risk management during interviews. Be ready to share specific examples of how you've identified risks, developed mitigation strategies, and collaborated with teams to implement effective controls in previous roles.

    ✨Tip Number 4

    Showcase your communication skills by engaging in discussions about risk management on professional platforms like LinkedIn. Sharing your insights and participating in relevant conversations can help you stand out as a knowledgeable candidate for the Senior Risk Lead position.

    We think you need these skills to ace Senior Risk Lead

    Risk Management
    General Insurance Knowledge
    Regulatory Compliance
    Incident Management
    Control Mechanisms Development
    Risk Appetite Setting
    Key Risk Indicators (KRIs)
    Workshop Facilitation
    Critical Thinking
    Attention to Detail
    Report Writing
    Stakeholder Communication
    Independent Monitoring
    Team Collaboration
    Proactive Risk Identification

    Some tips for your application 🫡

    Tailor Your CV: Make sure your CV highlights your significant experience in Risk Management, particularly within the General Insurance sector. Use specific examples that demonstrate your ability to conduct workshops, develop mitigation strategies, and establish control mechanisms.

    Craft a Compelling Cover Letter: Write a cover letter that clearly outlines your relevant skills and experiences. Emphasise your organisational and critical thinking skills, as well as your attention to detail. Mention how you can contribute to the Risk Management framework and support risk owners effectively.

    Showcase Communication Skills: In your application, provide examples of how you've effectively communicated with clients, employees, and management in previous roles. This is crucial for the Senior Risk Lead position, so make sure to highlight these experiences.

    Highlight Regulatory Knowledge: Demonstrate your strong knowledge of regulations and compliance standards within the Insurance industry. Include any relevant certifications or training that showcase your understanding of these areas, as they are essential for this role.

    How to prepare for a job interview at Oliver James

    ✨Understand the Risk Management Framework

    Familiarise yourself with the key components of a Risk Management framework, especially in the context of the General Insurance sector. Be prepared to discuss how you have previously contributed to or established such frameworks.

    ✨Demonstrate Your Experience

    Highlight your significant experience in Risk Management, particularly within the General Insurance industry. Use specific examples to illustrate your ability to identify risks and develop effective mitigation strategies.

    ✨Prepare for Scenario-Based Questions

    Expect scenario-based questions that assess your critical thinking and problem-solving skills. Think about past incidents you've managed and how you would approach similar situations in this role.

    ✨Showcase Your Communication Skills

    Since the role requires excellent communication skills, be ready to demonstrate how you effectively interact with various stakeholders. Prepare to discuss how you would present risk reports to boards and management committees.

    Senior Risk Lead
    Oliver James
    Location: City of London
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