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For Companies At a Glance
- Tasks: Lead risk management strategies and ensure compliance across financial products.
- Company: Join a forward-thinking financial services company with a commitment to innovation.
- Benefits: Enjoy a competitive salary, generous leave, private medical cover, and flexible working options.
- Why this job: Make a significant impact on risk management in a dynamic and supportive environment.
- Qualifications: Proven experience in risk leadership within financial services and relevant qualifications.
- Other info: Embrace a culture that values diversity and encourages personal growth.
The predicted salary is between 72000 - 108000 £ per year.
Overview
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.
- Facilitate risk reporting to the Board and management committees on the 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 ensuring 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 level 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 & Certifications
Essential – 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 Value
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.
Find out more
- Guide for Candidates: thephoenixgroup.pagetiger.com/guideforcandidates
- Find or get answers from our colleagues: www.thephoenixgroup.com/careers/talk-to-us
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Head of Risk, Business Development Origination - RS&AM employer: Phoenix
Contact Detail:
Phoenix Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Head of Risk, Business Development Origination - RS&AM
✨Network Like a Pro
Get out there and connect with people in the industry! Attend events, join online forums, or even hit up LinkedIn. The more you engage with others, the better your chances of hearing about opportunities that might not be advertised.
✨Ace the Informational Interview
Don’t shy away from asking for informational interviews. Reach out to professionals in roles you’re interested in and ask them about their experiences. This not only helps you learn but also puts you on their radar for future openings.
✨Showcase Your Expertise
When you get the chance to chat with potential employers, make sure to highlight your relevant experience and skills. Use specific examples from your past work that align with the job description to demonstrate how you can add value.
✨Apply Through Our Website
Remember, applying through our website gives you a direct line to us! It shows you’re genuinely interested in the role and makes it easier for us to find your application. So, don’t hesitate—get your application in!
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 achievements that 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 role. Mention specific experiences that demonstrate your risk leadership skills and how you can contribute to our team.
Showcase Your Technical Skills: Don’t forget to highlight your technical expertise in risk frameworks and methodologies. Mention any tools or platforms you’re familiar with, as this will show us you’re ready to hit the ground running.
Apply Through Our Website: We encourage you to apply through our website for a smoother application process. It’s the best way for us to receive your application and keep track of all the amazing candidates like you!
How to prepare for a job interview at Phoenix
✨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. Being able to discuss these confidently will show that you’re not just familiar with the concepts but can also apply them strategically.
✨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 experience to demonstrate how you've successfully communicated risk strategies to an executive audience.
✨Stay Updated on Regulatory Trends
Familiarise yourself with the latest regulatory requirements like FCA, PRA, and Solvency II. Be ready to discuss how these regulations impact risk management and what proactive steps you would take to ensure compliance while driving business growth.
✨Showcase Your Stakeholder Management Skills
Think of specific instances where you've influenced key stakeholders or driven positive outcomes in risk management initiatives. Highlight your ability to build relationships and promote a strong risk culture within teams, as this is crucial for the role.
