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- Tasks: Lead the development of enterprise risk management frameworks and coordinate with various teams.
- Company: Pension Insurance Corporation secures retirement incomes through exceptional risk management and customer service.
- Benefits: Enjoy private medical insurance, 28 days annual leave, a generous pension scheme, and performance bonuses.
- Why this job: Join a resilient and adaptable team making a real impact on policyholders' futures.
- Qualifications: Experience in enterprise risk management and strong communication skills are essential.
- Other info: This is a full-time director-level position based in London.
The predicted salary is between 48000 - 84000 £ per year.
Enterprise Risk Management Lead – Framework and Resilience
Enterprise Risk Management Lead – Framework and Resilience
4 weeks ago Be among the first 25 applicants
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About PIC
- To provide leadership and support to the Head of Enterprise Risk Management and Regulatory Affairs in relation to PIC\’s enterprise risk management framework and insight and assurance regarding the treatment of current and emerging risks. Such insight and assurance to be provided in the context of PIC\’s stated Risk Strategy and Appetite, its obligation to policyholders and how it conducts its business, its regulatory and other relevant obligations and requirements.
- The role requires the ability to effectively collaborate with numerous 1st line teams well as to co-ordinate all sub-teams within Risk to ensure the ERM framework, associated tools and resilience plans are updated, reflective of good practice and embedded within the business
- Our Company values are expected to be reflected in the delivery and performance of every role
About PIC
Pension Insurance Corporation (\”PIC\”) provides secure retirement incomes through comprehensive risk management and excellence in asset and liability management, as well as exceptional customer service. Our purpose is to pay the pensions of our current and future policyholders. We achieve our purpose by setting companywide strategic objectives and driving a healthy culture based on our PIC Values of Resilient, Adaptable, and Loyal.
Role purpose
- To provide leadership and support to the Head of Enterprise Risk Management and Regulatory Affairs in relation to PIC\’s enterprise risk management framework and insight and assurance regarding the treatment of current and emerging risks. Such insight and assurance to be provided in the context of PIC\’s stated Risk Strategy and Appetite, its obligation to policyholders and how it conducts its business, its regulatory and other relevant obligations and requirements.
- The role requires the ability to effectively collaborate with numerous 1st line teams well as to co-ordinate all sub-teams within Risk to ensure the ERM framework, associated tools and resilience plans are updated, reflective of good practice and embedded within the business
- Our Company values are expected to be reflected in the delivery and performance of every role
Specific accountabilities assigned to the role of Head of Enterprise Risk Management – Framework and Resilience within the Risk function:
> To lead the co-ordination of the development and operation of the enterprise risk management framework, which includes:
> The Risk Policy and Enterprise Risk Management Framework;
- Review of the Board level risk appetites;
- The ongoing review and development of the Risk Strategy, Risk Appetite Framework;
- Broader elements of the framework
- The review of risk policies
> Ensure that the framework and related tools are appropriately communicated to the business, and used.
> Working with the relevant technical teams, lead the ongoing development and embedding of the Stress and Scenario Testing framework. This includes coordination of the SST exercises, and creation of ad hoc SST with the Risk Strategy Lead.
> Lead the ongoing development and annual refresh of the Recovery and Resolution Plan, including:
- Refresh of governance and monitoring framework;
- Agreement on the management actions with owners;
- Updates on from the SST on the scenario and recovery;
- Refresh of the run-off plan, (including SEA)
> Lead the development, completion and embedding of the ORSA report and process, including communications to internal stakeholders and regulators.
> To provide advice to and oversight of the relevant first line contacts on matters of the ERM framework.
> Support and be an advocate for emerging risk identification.
> To support the Risk Function with broader initiatives, including closure of regulatory and assurance actions, deep dive reviews, reviews of new business transactions.
> To lead on risk framework developments, including associated risk taxonomy work.
> Work with the broader Risk SLT on initiatives.
Requirements
Knowledge
- Significant knowledge of UK bulk annuities market and associated risk profile
- Significant knowledge of legal, regulatory and industry requirements; as relevant to these transactions
- Significant knowledge of the development and embedding of ERM frameworks,
- Familiar with the development and execution of Recovery and Resolution Planning, the ORSA report and Stress and Scenario testing planning
- Lead developments of the above autonomously.
Experience
- Must be a risk professional with experience of working within an Enterprise Risk Management team
- Must possess experience of liaising and interacting with senior individuals and presenting to committees
- Must possess experience of UK bulk annuity transactions, from either a 1st line or 2nd line perspective
- Experience working within an independent challenge function, e.g. a 2nd line Risk Function, consulting role or audit
Skills:
- Willing and able to develop a strong understanding of the risk profile of a UK BPA provider
- Excellent written and oral communication skills, with ability to communicate complex information to senior management, their direct reports and a range of external parties.
- Must be able to lead the team (either downwards or with peers)
- Must be able to influence at all levels of the organisation to ensure developments are understood and embedded
- Must be able to manage self and others
- Ability to distil information and apply judgement
- Must have, or be able to build, internal and external relationships to maintain an understanding of developing practices across the market
Benefits
In addition to a competitive base salary and the opportunity to participate in our annual, performance-related bonus plan, upon joining us here at Pension Insurance Corporation, you will get access to some great benefits, including private medical insurance, 28 days\’ annual leave (excluding bank holidays), a generous pension scheme and much more.
Seniority level
-
Seniority level
Director
Employment type
-
Employment type
Full-time
Job function
-
Job function
Other
-
Industries
IT Services and IT Consulting
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Enterprise Risk Management Lead - Framework and Resilience employer: Pension Insurance Corporation plc
Contact Detail:
Pension Insurance Corporation plc Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Enterprise Risk Management Lead - Framework and Resilience
✨Tip Number 1
Familiarise yourself with the UK bulk annuities market and its associated risk profiles. Understanding the nuances of this sector will not only help you in interviews but also demonstrate your commitment to the role.
✨Tip Number 2
Network with professionals in the Enterprise Risk Management field, especially those who have experience with UK bulk annuity transactions. Engaging in conversations can provide insights and potentially lead to referrals.
✨Tip Number 3
Stay updated on the latest legal and regulatory requirements relevant to enterprise risk management. This knowledge will be crucial during discussions with senior management and can set you apart from other candidates.
✨Tip Number 4
Prepare to discuss your experience in leading teams and influencing stakeholders. Highlight specific examples where you've successfully embedded risk frameworks or managed complex projects, as this aligns closely with the job's responsibilities.
We think you need these skills to ace Enterprise Risk Management Lead - Framework and Resilience
Some tips for your application 🫡
Understand the Role: Before applying, make sure you thoroughly understand the responsibilities and requirements of the Enterprise Risk Management Lead position. Tailor your application to highlight relevant experience and skills that align with the job description.
Highlight Relevant Experience: In your CV and cover letter, emphasise your experience in enterprise risk management, particularly in relation to UK bulk annuities and regulatory compliance. Use specific examples to demonstrate your expertise in developing and embedding ERM frameworks.
Showcase Communication Skills: Given the importance of communication in this role, ensure your application reflects your ability to convey complex information clearly. Include examples of how you've successfully communicated with senior management or external parties in previous roles.
Align with Company Values: Pension Insurance Corporation values resilience, adaptability, and loyalty. Make sure your application reflects these values, perhaps by sharing experiences that demonstrate your commitment to these principles in a professional context.
How to prepare for a job interview at Pension Insurance Corporation plc
✨Understand the ERM Framework
Make sure you have a solid grasp of Enterprise Risk Management frameworks, especially how they apply to the UK bulk annuities market. Be prepared to discuss your experience with developing and embedding these frameworks in previous roles.
✨Showcase Your Communication Skills
Since this role involves liaising with senior individuals and presenting to committees, practice articulating complex information clearly and concisely. Use examples from your past experiences to demonstrate your ability to communicate effectively at all levels.
✨Demonstrate Leadership Qualities
Highlight your leadership experience, whether it's leading a team or influencing peers. Be ready to share specific instances where you've successfully led initiatives or projects related to risk management.
✨Prepare for Scenario-Based Questions
Expect questions that assess your problem-solving skills in real-world scenarios. Think about how you would approach stress testing or recovery planning, and be ready to explain your thought process and decision-making criteria.
