At a Glance
- Tasks: Lead risk management improvements and collaborate with senior leaders in a dynamic environment.
- Company: Join a leading global reinsurance firm with a strong focus on innovation.
- Benefits: Competitive salary, professional development, and opportunities for career advancement.
- Other info: Work in a collaborative team with international exposure and growth potential.
- Why this job: Make a real impact on risk management strategies in the London Market.
- Qualifications: Experience in risk management and strong analytical skills required.
The predicted salary is between 60000 - 75000 £ per year.
As Senior Risk Manager within the London P&C Risk Management team, you will directly report to the UK P&C Chief Risk Officer and be a key contact for other Senior leaders in the UK. In this role, you will be responsible for:
- Proactively leading the continuous improvement of the Risk Management Framework for SCOR UK and SCOR Syndicate whilst meeting all internal/commercial and external/regulatory expectations in a timely manner.
- Coordinating second-line assessment and monitoring of the control environment.
- Providing challenge to business stakeholders’ risk and control self-assessments across these entities.
- Producing impactful reporting on Risk matters to local Executive and Board Committees.
- Being a key contact person for first-line risk management stakeholders across the locally supported entities as well as the wider second-line SCOR Group Risk Management teams.
- Leading or participating in Group Risk Management projects and analysis spanning various topics, in collaboration with other Risk colleagues from international teams.
The requirements of this position may evolve over time according to SCOR’s circumstances.
Responsibilities- Risk management framework and monitoring
- Assess and monitor the risk and control environment, in conjunction with the Group Operational Risk team.
- Monitor exposures against risk appetite and limits.
- Lead second-line risk assessments (qualitative and quantitative).
- Track incidents and control issues.
- Perform root cause analysis.
- Coordinate development of operational risk and other scenarios for local models.
- Develop and maintain risk registers, dashboards and risk metrics using data analytics.
- Support regulatory and audit requirements.
- Contribute to external risk reporting as requested.
- Link with the business teams
- Advise the business on risk identification, mitigation and controls, in coordination with the Group Operational risk team.
- Challenge first-line risk assessments and promote strong risk culture.
- Other ad-hoc and specific duties
- Lead or contribute to local and Group risk projects.
- Partnering with the business, identify and analyse emerging risks and trends.
- Experience:
- Proven working experience in a risk management position with increasing levels of accountability and extensive experience in Property & Casualty (re)insurance – ideally the London Market, both Company and Lloyd’s.
- Knowledge of UK regulatory risk management principles (including but not limited to risk analysis, standards and practices of operational risk management, ORSA, governance).
- Personal Competencies and Skills:
- Strong analytical and data interpretation skills.
- Ability to produce clear and concise reporting.
- Excellent understanding of risk frameworks and governance.
- Strong stakeholder management across functions.
- Ability to challenge and influence senior stakeholders.
- Project management skills; able to deliver within deadlines, working in a change environment.
- Collaborative and pragmatic solutions-oriented approach.
- Strong written and verbal communication skills.
- Education:
- Risk Management qualification or Bachelors degree in Risk Management, Business Administration, Economics, Actuarial Science or related.
Location: Level 6, London, United Kingdom, EC2N 4BQ, GB
Senior Risk Manager in London employer: SCOR UK Company Limited
SCOR is an exceptional employer that fosters a dynamic and collaborative work culture in the heart of London. As a Senior Risk Manager, you will benefit from extensive professional development opportunities while working alongside industry leaders in a supportive environment that values innovation and proactive risk management. With a commitment to employee growth and a strong focus on maintaining a robust risk framework, SCOR offers a rewarding career path for those looking to make a meaningful impact in the insurance sector.
