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, particularly in Property & Casualty (re)insurance.
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, as well as 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 employer: SCOR
SCOR is an exceptional employer, offering a dynamic work environment in the heart of London where innovation and collaboration thrive. As a Senior Risk Manager, you will benefit from a strong commitment to employee development, with opportunities for professional growth and involvement in impactful projects that shape the future of risk management. The company fosters a culture of inclusivity and support, ensuring that every team member can contribute meaningfully while enjoying a competitive benefits package.
StudySmarter Expert Advice🤫
We think this is how you could land Senior Risk Manager
✨Join Compliance Communities
Get involved in compliance and risk communities — both online and offline. Look for forums, LinkedIn groups, or even local meetups where compliance pros hang out. You never know who might drop a job opportunity your way!
✨Attend Industry Conferences
Keep an eye out for compliance and risk management conferences and workshops in your area. These events are a goldmine for networking, and they often have job boards or recruiters on-site looking for new talent. Plus, it’s a chance to learn what's trending in the field.
✨Leverage Your University Career Services
If you’ve recently graduated or are still studying, head over to your university's career services. Many companies, including those in compliance, actively recruit fresh talent through these services, so make sure you tap into that resource.
✨Showcase Your Knowledge Online
Start writing articles or blog posts about compliance topics that interest you. Share them on platforms like LinkedIn to demonstrate your knowledge and passion. This not only builds your presence in the field but can also catch the attention of companies like SCOR looking for candidates who are engaged and informed.
We think you need these skills to ace Senior Risk Manager
Some tips for your application 🫡
Show Your Understanding of Compliance:In the compliance-risk field, it's super important to showcase your understanding of regulations and risk management frameworks. Highlight any relevant coursework, certifications (like ICA or AML), or even projects that demonstrate your knowledge and commitment to this area. We want to see how you can navigate this complex landscape!
Quantify Your Achievements:When detailing your experience, try to quantify your achievements. For example, if you've previously worked on a project that improved compliance metrics or reduced risk exposure, give us the numbers! This data-driven approach really stands out to hiring managers in compliance-risk roles.
Tailor Your CV to Reflect Relevant Skills:Make sure your CV highlights skills that are particularly relevant to compliance, like attention to detail, analytical thinking, and report writing. Ensure these are easy to spot – consider using bullet points to break down your responsibilities and achievements for maximum impact!
Craft a Motivating Cover Letter:In your cover letter, let us know why you’re excited about the compliance-risk role at SCOR. Share what motivates you about compliance, and how you believe you can contribute to our mission. This is your chance to showcase not only your skills but also your passion for this important field!
How to prepare for a job interview at SCOR
✨Master the Regulations
Brush up on key compliance regulations relevant to the industry you're applying to. Familiarising yourself with specific laws and frameworks used in your field will give you an edge during technical questions. Show that you’re not just aware of them but can also apply them—think real-life scenarios!
✨Show Your Analytical Skills
Compliance roles really focus on analytical skills, so be prepared for case studies or situational questions during the interview. We've got to demonstrate how we approach risk assessments or compliance audits, possibly drawing on examples from past experiences or university projects. Bring some thoughtful case scenarios to discuss!
✨Know Your Tools
Get comfortable with commonly used compliance software and tools. Familiarity with platforms like RSA or MetricStream can really impress during your interview, as it shows you're ready to hit the ground running. If you’ve had any experience with them, make sure to highlight that!
✨Align with Company Culture
Since it's a full-time position, show your long-term commitment and interest in the company’s mission and values. Dive into how your ethics and professional philosophy align with SCOR’s stance on compliance. A shared vision can really resonate with interviewers looking for fit as much as skill!
