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- Tasks: Lead risk workshops, develop strategies, and manage incident logs remotely.
- Company: Join a dynamic team focused on enhancing risk management in the insurance sector.
- Benefits: Enjoy remote work flexibility with competitive pay and a collaborative environment.
- Why this job: Make a real impact in risk management while working with industry experts.
- Qualifications: 5+ years in Risk Management within General Insurance; strong communication and organisational skills required.
- Other info: Contract role for 3-6 months; must be available to start within 4 weeks.
The predicted salary is between 42000 - 49000 £ per year.
Job Description
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
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 and decision-makers. This can help you gain insights into the company culture and expectations, making you a more attractive candidate.
✨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 specific examples of how you've successfully identified and mitigated risks in previous roles. Use the STAR method (Situation, Task, Action, Result) to structure your responses, as this will showcase your critical thinking and problem-solving skills effectively.
✨Tip Number 4
Research StudySmarter's values and mission. Tailor your conversations during interviews to reflect how your experience aligns with our goals. This shows that you're not just looking for any job, but that you're genuinely interested in contributing to our team.
We think you need these skills to ace Senior Risk Lead
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights your experience in Risk Management, particularly within the General Insurance sector. Use specific examples that demonstrate your skills in identifying risks and developing mitigation strategies.
Craft a Compelling Cover Letter: Write a cover letter that directly addresses the key responsibilities of the Senior Risk Lead role. Mention your experience with risk frameworks and your ability to collaborate with various stakeholders, including the Chief Risk Officer.
Showcase Relevant Skills: Emphasise your organisational and critical thinking skills in your application. Provide examples of how you've successfully managed risks and maintained compliance with regulatory standards in previous roles.
Proofread Your Application: Before submitting, carefully proofread your application for any errors or inconsistencies. Attention to detail is crucial in this field, so ensure your documents reflect that quality.
How to prepare for a job interview at Oliver James
✨Showcase Your Risk Management Experience
Make sure to highlight your significant experience in Risk Management, especially within the General Insurance sector. Prepare specific examples of how you've identified risks and developed mitigation strategies in previous roles.
✨Demonstrate Your Organisational Skills
Given the importance of organisation in this role, be ready to discuss how you manage multiple tasks and priorities. Share examples of how you've successfully maintained logs and incident management in past positions.
✨Communicate Effectively
Strong communication skills are crucial for this position. Practice articulating complex risk concepts clearly and concisely, as you'll need to interact with various stakeholders, including clients and management.
✨Prepare for Regulatory Questions
Since knowledge of regulations and compliance standards is essential, brush up on relevant regulations in the insurance industry. Be prepared to discuss how you've ensured alignment with these standards in your previous work.
