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For Companies At a Glance
- Tasks: Lead risk management strategies and ensure compliance across financial products.
- Company: Join Phoenix Group, a leader in retirement solutions and asset management.
- Benefits: Enjoy a competitive salary, generous leave, private medical cover, and flexible working options.
- Why this job: Make a real impact on risk management in a dynamic financial environment.
- Qualifications: Proven risk leadership experience in financial services and relevant qualifications.
- Other info: Inclusive workplace committed to diverse backgrounds and personal growth.
The predicted salary is between 72000 - 108000 £ per year.
Overview
Head of Risk, Business Development Origination – RS&AM
Join to apply for the Head of Risk, Business Development Origination – RS&AM role at Phoenix Group
Job Type: Permanent
Location: This role can be based in either our London or Birmingham office, with some flexibility to work between the office and home. There may be some travel to other offices in Edinburgh and Telford. We recognise the benefits of flexible working and will discuss what is important to you and balancing this with business requirements during the recruitment process. You can read more about Phoenix Flex here.
Salary and Benefits: c. £90,000 (subject to experience), plus bonus, private medical cover, 38 days annual leave, excellent pension, 12x salary life assurance, career breaks, income protection, 3x volunteering days and much more.
Closing Date: 31st October
We have an incredible new career opportunity for a Head of Risk, Business Development Origination to join the Business Development Origination team, as part of the Retirement Solutions & Asset Management function.
Role Overview
The Head of Risk provides strategic oversight of risk management across Individual Annuities, Smoothed Managed Funds, Bulk Pricing Annuities, and Asset Management. The role ensures robust governance, regulatory compliance, and effective risk frameworks to safeguard financial performance and customer outcomes. By identifying emerging risks and aligning controls with business strategy, it supports sustainable growth and operational resilience across these key product areas.
Key Responsibilities
- Risk Controls & Reporting: Ensure appropriate risk controls are in place for annuity and bulk pricing, smoothing mechanisms, and asset allocation strategies.
- Risk reporting to the Board and management committees on key risks, the effectiveness of the Risk Management Framework, risk exposures against appetite, and the appropriateness of actions taken to manage risk exposures.
- Lead regular risk assessments, ensuring identification of emerging risks and trends within the business division / function, and timely implementation of appropriate risk responses and controls.
- Review longevity assumptions, smoothing algorithms, and pricing models.
- Familiarity with risk analytics tools, governance platforms, and capital modelling.
Stakeholder Management
- Influence key stakeholders across the Group and externally to drive positive risk outcomes and gain buy‑in on risk management initiatives.
- Act as a trusted advisor to senior stakeholders and cross-functional teams. You will predominantly be working with; Business Development & Origination Director, BPA Senior Business Development Managers, Head of Smooth Managed Funds, Head of Annuities, Head of Channel and Product Marketing, Asset Management, Compliance and Risk.
Risk Culture
- Promote strong risk culture in which the Risk Management Framework is valued and embedded in all activities, the identification and management of risks to customers is central to decision making.
- Maintain risk appetite statements and key risk indicators (KRIs).
Regulatory & Industry Trends
- Ensure compliance with FCA, PRA, Consumer Duty, Solvency II, and IFRS 17.
- Monitor emerging regulatory trends and assess business impact.
- Awareness of cybersecurity, AI, and digital risk trends.
What are we looking for?Experience, Knowledge And Skills (Essential)
- Risk leadership: Proven experience in risk leadership within financial services, covering specifically annuities, BPA and asset management, alongside a strong balance of technical and strategic experience within a risk landscape
- Risk frameworks and methodologies: Strong strategic risk management expertise and understanding of risk management frameworks, methodologies, and best practices, particularly in the context of financial services and annuities
- Risk management: Ability to lead risk-related initiatives, manage timelines, and ensure successful implementation of risk management practices across the division
- Exec-level presenting: Experience of presenting board papers to Exec level, with the ability to translate technical concepts with influential capability
- Technical: Broad depth and understanding across multiple financial disciplines such as: individual annuities, smoothed managed funds, bulk pricing annuities and asset management
Personal Attributes
- Critical and strategic thinking capability to assess complex risk scenarios, develop innovative solutions, and prioritise actions based on potential impact and urgency
- Ability to fluently articulate understanding of insurance and investment products, pricing, and regulatory frameworks
- Ability to cultivate and maintain strong relationships within teams, promoting employee engagement and performance
Qualifications & CertificationsEssential
Degree in Finance, Risk, Actuarial Science, or related field
Desirable
- Professional certifications (e.g. IRM, CFA, FRM, CERA)
- UK – The Institute of Risk Management
- UK – The Actuarial Profession
- UK – Association Certified Fraud Examiners
- Experience with Solvency II, IFRS 17, and Consumer Duty implementation
We are committed to ensuring that everyone feels accepted and welcome applicants from all backgrounds. If your experience looks different from what we’ve advertised and you believe that you can bring value to the role, we’d love to hear from you.
If you require any adjustments to the recruitment process, please let us know so we can help you to be at your best.
We Want To Hire The Whole Version Of You.
We are committed to ensuring that everyone feels accepted and welcome applicants from all backgrounds. If your experience looks different from what we’ve advertised and you believe that you can bring value to the role, we’d love to hear from you.
If you require any adjustments to the recruitment process, please let us know so we can help you to be at your best.
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Head of Risk, Business Development Origination - RS&AM employer: Phoenix Group
Contact Detail:
Phoenix Group Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Head of Risk, Business Development Origination - RS&AM
✨Tip Number 1
Network like a pro! Reach out to your connections in the industry, attend relevant events, and don’t be shy about asking for introductions. We all know that sometimes it’s not just what you know, but who you know that can land you that dream job.
✨Tip Number 2
Prepare for interviews by researching the company and its culture. Understand their risk management strategies and be ready to discuss how your experience aligns with their needs. We want you to shine, so practice common interview questions and have your own questions ready!
✨Tip Number 3
Showcase your expertise! Bring along examples of your past work, especially those that highlight your risk management skills. We love seeing how you’ve tackled challenges in the past, so don’t hold back on sharing your success stories.
✨Tip Number 4
Follow up after your interviews! A simple thank-you email can go a long way in keeping you top of mind. We appreciate candidates who show enthusiasm and professionalism, so let them know you’re still excited about the opportunity!
We think you need these skills to ace Head of Risk, Business Development Origination - RS&AM
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the Head of Risk role. Highlight your experience in risk management, especially in financial services, and showcase any relevant certifications. We want to see how your background aligns with what we're looking for!
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 role. Mention specific experiences that demonstrate your risk leadership skills and how you can contribute to our team at Phoenix Group.
Showcase Your Strategic Thinking: In your application, emphasise your critical and strategic thinking abilities. We’re looking for someone who can assess complex risk scenarios and develop innovative solutions, so don’t hold back on sharing examples of your past successes!
Apply Through Our Website: We encourage you to apply through our website for a smoother process. It’s the best way to ensure your application gets the attention it deserves. Plus, you’ll find all the details about the role and our company culture there!
How to prepare for a job interview at Phoenix Group
✨Know Your Risk Frameworks
Make sure you brush up on the risk management frameworks and methodologies relevant to financial services, especially those related to annuities and asset management. Be ready to discuss how you've applied these in your previous roles.
✨Prepare for Exec-Level Presentations
Since you'll be presenting to senior stakeholders, practice translating complex technical concepts into clear, impactful messages. Use examples from your past experiences to demonstrate your ability to influence and drive positive outcomes.
✨Stay Updated on Regulatory Trends
Familiarise yourself with current regulatory requirements like FCA, PRA, and Solvency II. Be prepared to discuss how these regulations impact risk management strategies and what emerging trends you see in the industry.
✨Showcase Your Strategic Thinking
During the interview, highlight your critical and strategic thinking skills. Share specific scenarios where you've assessed complex risks and developed innovative solutions, showcasing your ability to prioritise actions based on urgency and impact.
