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For Companies At a Glance
- Tasks: Lead risk management and develop frameworks to navigate strategic threats.
- Company: Join Poloworks, a dynamic agency focused on effective risk management.
- Benefits: Enjoy flexible hybrid work, private health insurance, and 25 days annual leave.
- Why this job: Be part of a crucial team shaping the company's success and compliance.
- Qualifications: Understanding of insurance models and strong communication skills required.
- Other info: Opportunity for professional growth with a competitive salary and bonus.
The predicted salary is between 64000 - 96000 £ per year.
Head of Risk Management
Department: Managing Agency
Employment Type: Permanent
Location: London
Reporting To: CRO
Compensation: £80,000 – £100,000 / year
Description
Reporting to the Chief Risk and Compliance Officer, the Head of Risk and Controls will be an integral part of Poloworks ongoing success, enabling the company to assess and navigate key strategic threats through developing and managing risk and control frameworks. The core function of this role is to engage relevant stakeholders into considering both financial and non-financial risk and develop relevant and appropriate controls across Poloworks. This role is an approved control function with the FCA/PRA.
Key Responsibilities
- Lead and support the Risk Management function in the effective and efficient operation of the risk management framework, providing challenge and identifying areas for improvement.
- Lead and support the quarterly risk management process (including risk owner meetings) and other internal and external deliverables.
- Lead and support the cross-functional teams in order to document, evidence and assess the business’ internal control environment.
- Lead and support the risk analysis process using quantitative data and qualitative information, setting the results into appropriate context.
- Lead and support the production of relevant committees risk reporting (Board, Risk Committee, Syndicate Management committees, Capital Committee…)
- Recommend and implement process or analytic improvements.
- Lead and support the analysis of risk events and near misses / link to risks on the risk register and as well the Risk function’s work on deep dives.
- Lead and support the Own Risk & Solvency Assessment (ORSA) reporting processes.
- Lead and support the development of policies and processes to ensure that they continue to support the business in its compliance with regulatory requirements.
- Lead and support the internal Model validation process.
Skills, Knowledge and Expertise
- Understanding of insurance business models, operations and underwriting products.
- Ability to work independently with limited supervision and as part of a team.
- Ability to respect the need for discretion and handle confidential information.
- Good communication skills, both orally and in writing.
- Good working knowledge of MS Office applications.
- Good attention to detail, particularly with regard to the presentation of work.
- Attention to detail and a proactive approach to problem-solving.
- Ability to prioritise and work to strict deadlines.
Benefits
As well as a competitive salary, discretionary annual bonus, and 25 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 employee assistance programme with retail discounts and savings, a generous employee referral scheme and regular sports and social events.
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Head of Risk Management employer: Polo
Contact Detail:
Polo Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Head of Risk Management
✨Tip Number 1
Make sure to familiarize yourself with the latest trends and regulations in risk management, especially those relevant to the insurance sector. This knowledge will not only help you in interviews but also demonstrate your commitment to staying updated in a rapidly evolving field.
✨Tip Number 2
Network with professionals in the risk management field, particularly those who work in insurance. Attend industry events or webinars to connect with potential colleagues and learn more about the challenges they face, which can give you valuable insights for your application.
✨Tip Number 3
Prepare to discuss specific examples of how you've successfully led risk management initiatives in the past. Highlight your ability to analyze both quantitative and qualitative data, as well as your experience in developing effective controls and frameworks.
✨Tip Number 4
Research Poloworks thoroughly to understand their business model and risk landscape. Tailoring your discussions around their specific challenges and how you can contribute to their success will set you apart from other candidates.
We think you need these skills to ace Head of Risk Management
Some tips for your application 🫡
Understand the Role: Before applying, make sure you fully understand the responsibilities and requirements of the Head of Risk Management position. Tailor your application to highlight your relevant experience in risk management frameworks and stakeholder engagement.
Highlight Relevant Experience: In your CV and cover letter, emphasize your previous roles that involved leading risk management functions, conducting risk analysis, and developing control frameworks. Use specific examples to demonstrate your expertise in these areas.
Showcase Communication Skills: Since good communication skills are essential for this role, ensure your application reflects your ability to communicate complex information clearly. Consider including examples of how you've effectively communicated with stakeholders in past positions.
Tailor Your Cover Letter: Craft a personalized cover letter that addresses the key responsibilities outlined in the job description. Discuss how your skills and experiences align with Poloworks' needs and express your enthusiasm for contributing to their success.
How to prepare for a job interview at Polo
✨Understand the Risk Management Framework
Make sure you have a solid grasp of risk management frameworks, especially in the context of insurance. Be prepared to discuss how you would lead and support the risk management function effectively.
✨Showcase Your Analytical Skills
Highlight your ability to analyze both quantitative data and qualitative information. Prepare examples of how you've previously set results into context and made recommendations based on your findings.
✨Communicate Clearly and Effectively
Good communication is key for this role. Practice articulating your thoughts clearly, both verbally and in writing. Be ready to demonstrate how you've successfully communicated complex risk issues to stakeholders in the past.
✨Demonstrate Attention to Detail
Given the importance of detail in risk management, be prepared to discuss how you ensure accuracy in your work. Bring examples that showcase your proactive approach to problem-solving and your ability to meet strict deadlines.
