Head of Risk Framework

As Head of Risk Framework, you will report to the Director of Risk & Governance and lead a team of three Risk Managers and one Risk Analyst. You will own the organisation’s risk management framework end‑to‑end — ensuring it is robust, proportionate, forward‑looking and aligned to regulatory expectations and industry best practice. You will also lead the ORSA process, oversee high‑quality risk reporting to Executive and Board committees, and act as a senior advisor on risk governance, appetite and emerging risks. This is a role for someone who enjoys both strategic thinking and hands‑on leadership, with significant exposure to senior stakeholders across the business.

Key Responsibilities

• Enterprise Risk Management Framework: Own and continually enhance the organisation’s risk management framework, including appetite, taxonomy, governance and policies. Ensure alignment with strategy, regulatory expectations and emerging best practice. Lead periodic framework reviews, embedding lessons from incidents, stress testing and regulatory feedback.
• Risk Reporting & Oversight: Oversee production of clear, insightful and decision‑useful risk reporting for Executive Committees, the Risk Committee and the Board. Ensure reporting highlights key exposures, trends and emerging risks, and links risk profile to appetite and strategy. Drive continuous improvement in reporting quality and presentation.
• ORSA Leadership: Own and coordinate the ORSA process, ensuring strong articulation of risk profile, capital needs and forward‑looking solvency. Support scenario design, stress testing and reverse stress testing. Act as a key point of contact for regulators and internal stakeholders.
• Governance & Stakeholder Engagement: Advise Executives and Board members on risk framework and risk profile matters. Build strong relationships across Finance, Capital, Actuarial, Compliance, Internal Audit and first‑line teams. Promote a strong risk culture and practical understanding of the framework.
• Regulatory & Assurance Support: Ensure the framework and reporting meet regulatory expectations. Support regulatory reviews and inspections relating to risk management and ORSA. Provide input to internal/external audit and oversee remediation where required.

Skills, Knowledge and Expertise

Essential Experience: Senior‑level experience in enterprise risk management within Lloyd’s or a regulated financial services environment. Deep understanding of risk frameworks, Board‑level reporting and ORSA best practice. Proven ability to influence and challenge at Executive and Board level. Strong analytical and written communication skills, with the ability to translate complex risk concepts into clear insights.

Desirable: Experience engaging directly with regulators. Knowledge of capital, solvency or stress‑testing frameworks. Professional qualifications such as IRM, CII, CFA or actuarial credentials.

Benefits: As well as a competitive salary, discretionary annual bonus, and a minimum 27 days of annual leave (with the option to buy more), you will also get an excellent benefits package, including flexible, hybrid working, private health insurance, life assurance, income protection, enhanced pension contributions, and occupational maternity and paternity pay. You will also have access to company volunteering days, an Electric Vehicle (EV) leasing scheme, an employee assistance programme with retail discounts and savings, a generous employee referral scheme and regular sports and social events.