At a Glance
- Tasks: Lead risk management strategies and collaborate with senior stakeholders to enhance risk culture.
- Company: Join Santam Syndicate 1918, a dynamic entity of the largest insurance company in South Africa.
- Benefits: Competitive salary, professional development, and a collaborative work environment.
- Other info: Be part of a strong leadership team focused on empowering and supporting your growth.
- Why this job: Make a real impact in risk management while expanding your career in the London market.
- Qualifications: Degree in Risk Management or related field and 5+ years in risk management.
The predicted salary is between 70000 - 90000 € per year.
This career opportunity is available at Santam Syndicate 1918 for a Senior Risk Manager who will be based in the UK challenging ratings and escalating to CRO where appropriate.
Risk appetite and Monitoring: Perform annual update and cascade of Syndicate Risk Appetites, including translation into metrics and thresholds. Monitor risk exposures against thresholds and deliver clear MI and dashboards to senior stakeholders and board.
ORSA and Stress Testing: Contribute to stress tests and validation processes for Capital Models. Work with Asta to the Own Risk and Solvency Assessment (ORSA), including scenario design, aggregation, and narrative drafting. Develop and monitor stress and reverse stress testing frameworks. Link outputs to strategic planning, reinsurance structure, and capital requirements. Assist in preparing validation reports for regulatory compliance.
Regulatory engagement and Assurance: Support responses to Lloyd’s and FCA/PRA requests, thematic reviews, and CPG maturity assessments. Work with internal audit and second line to test control effectiveness and risk culture. Ensure risk policies are reviewed, documented, and aligned with industry good practice.
Risk Culture: Partner with business functions to promote risk awareness and ownership. Lead or participate in risk training sessions, deep dives, and thematic reviews. Drive continuous improvement of risk tools and reporting.
Stakeholder Collaboration: CRO and Compliance Legal and Audit teams, UK business units and senior leadership, Regulatory authorities (as required).
QUALIFICATIONS AND EXPERIENCE: Degree in Risk Management, Actuarial Science, Finance, or Business. Professional qualification (e.g., IRM, CERA, FIA/FFA) preferred. Minimum 5 years in risk management. Experience of the Lloyd’s market.
KNOWLEDGE AND SKILLS: Risk analysis and scenario planning, Understanding of regulatory frameworks, Strategic thinking and influence, Communication and reporting skills, Stakeholder engagement.
PERSONAL ATTRIBUTES: Drives results, Attention to Detail, Follow up and follow through, Analyses, Deciding and initiating action, Leading and supervising, Collaborates, Client focus, Strategic decision making, Analytical thinking, Influencing/ gaining commitment, Business acumen.
WHO WE ARE: Santam syndicate 1918 is a new wholly owned and capitalised entity of Santam Insurance, the largest insurance company in South Africa with a 107-year heritage. 1918 is strategically important in expanding and developing Santam’s international footprint, through access to the London market talent, distribution network and Lloyd’s global insurance and reinsurance licenses. Our syndicate is a London managed and run business, with a strong, experienced leadership team, focused on underwriting discipline, whilst allowing our teams to feel empowered and accountable for their actions. We are building a collaborative team where underwriting, claims, actuarial and other functions work closely, to help achieve superior underwriting results.
Senior Risk Manager employer: Santam Syndicate 1918
Santam Syndicate 1918 is an exceptional employer, offering a dynamic work environment in the heart of London where innovation and collaboration thrive. With a strong focus on employee growth, we provide opportunities for professional development and continuous improvement in risk management practices. Our culture promotes accountability and empowerment, ensuring that every team member contributes to our strategic goals while enjoying the benefits of working within a globally recognised insurance entity.
StudySmarter Expert Advice🤫
We think this is how you could land Senior Risk Manager
✨Tip Number 1
Network like a pro! Reach out to industry contacts on LinkedIn or at events. A friendly chat can lead to opportunities that aren’t even advertised yet.
✨Tip Number 2
Prepare for interviews by researching the company and its culture. Tailor your answers to show how your experience aligns with their values and goals.
✨Tip Number 3
Practice makes perfect! Do mock interviews with friends or mentors to boost your confidence and refine your responses to common questions.
✨Tip Number 4
Don’t forget to follow up after interviews! A quick thank-you email can keep you top of mind and show your enthusiasm for the role.
We think you need these skills to ace Senior Risk Manager
Some tips for your application 🫡
Tailor Your CV:Make sure your CV is tailored to the Senior Risk Manager role. Highlight your experience in risk management, especially within the Lloyd’s market, and showcase any relevant qualifications. We want to see how your skills align 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 passionate about risk management and how you can contribute to our team at Santam Syndicate 1918. Be sure to mention specific experiences that relate to the job description.
Showcase Your Stakeholder Engagement Skills:Since collaboration is key for us, make sure to highlight your experience working with various stakeholders. Whether it’s regulatory authorities or internal teams, demonstrate how you’ve successfully engaged and influenced others in your previous roles.
Apply Through Our Website:We encourage you to apply directly through our website. It’s the best way for us to receive your application and ensures you’re considered for the role. Plus, it shows you’re keen on joining our team at Santam Syndicate 1918!
How to prepare for a job interview at Santam Syndicate 1918
✨Know Your Risk Metrics
Make sure you’re well-versed in the risk appetite metrics and thresholds relevant to the role. Familiarise yourself with how these metrics translate into actionable insights, as you’ll need to discuss them confidently during the interview.
✨Brush Up on Regulatory Knowledge
Since regulatory engagement is a key part of the job, it’s crucial to understand the frameworks set by Lloyd’s and FCA/PRA. Be prepared to discuss your experience with compliance and how you’ve handled similar requests in the past.
✨Showcase Your Stakeholder Engagement Skills
Think of examples where you’ve successfully collaborated with senior stakeholders or cross-functional teams. Highlight your communication skills and how you’ve influenced decisions in previous roles, as this will resonate well with the interviewers.
✨Prepare for Scenario Planning Questions
Given the focus on stress testing and scenario design, be ready to discuss your approach to risk analysis and how you’ve contributed to similar projects. Bring specific examples that demonstrate your strategic thinking and analytical skills.
