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Tesco Insurance and Money Services

Head of Insurance and Financial Risk

Reigate Full-Time 60000 - 84000 £ / year (est.) Home office (partial)

At a Glance

Tasks: Lead the Insurance and Financial Risk team, ensuring effective risk management and compliance.
Company: Join Tesco Insurance and Money Services, a leader in personal insurance solutions.
Benefits: Enjoy competitive salary, annual bonus, hybrid work, generous holiday allowance, and health perks.
Why this job: Make a real impact while working in a supportive, inclusive environment that values your voice.
Qualifications: Proven experience in risk management within financial services; strong communication and leadership skills required.
Other info: Flexible working options available; we celebrate diversity and inclusivity in our workplace.

The predicted salary is between 60000 - 84000 £ per year.

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Join to apply for the Head of Insurance and Financial Risk role at Tesco Insurance and Money Services

Serving our customers, communities, and planet a little better every day.

Salary – Competitive + Annual Bonus & Benefits

Permanent role

Location – Reigate (other offices in Edinburgh or Newcastle)

Office Attendance – Our roles are hybrid; however you
need to travel to our office 2 days per week for this role.

Closing Date for applications – 1 st September
2025

SM&CR Certified role – successful applicant will be
screened according to our pre-employment screening policy guidance.

We deal in the personal – from pet insurance for your best
friend, and home insurance for peace of mind, to motor insurance for your dream
car or travel money for that trip you’ve worked hard for. And that means we
always work with heart. Whether we’re helping our customers or looking after
our people, you’ll find there’s a warmth and friendliness to everything we do.

We’re recruiting aHead of Insurance and Financial
Risk to join our Risk Function at Tesco Insurance & Money Services,
reporting into the Chief Risk Officer.

In this key leadership role, you’lla ct as the organisational authority and established expert in Insurance
and Financial Risk matters; leading oversight of actuarial reserves and
capital projections; pricing and underwriting models; and financial plan
forecasts.

You’ll be part of a supportive and forward-thinking team,
where your voice is heard and your work makes a real difference; and will have
the opportunity to build a strong network across Tesco Insurance & Money
Services and the wider insurance industry.

The Role

• Co-ordinate
the ORSA process including annual report update and Stress & Scenario
testing.

• Providing
oversight and challenge to the Insurance & Money Services business to
ensure that Insurance and Financial risks are being appropriately managed and
reported and remain within risk appetite, policy, and regulatory compliance
constraints.

• Preparation
and presentation of papers to key stakeholders at relevant governance meetings.

• Use
expertise and market knowledge to Identify new external developments and/or
emerging issues and evaluate their potential impact on, or usefulness to, the
organisation.

• Using
risk analytical skill set to drive improvements and enhancements to the data
analytics within the risk function.

• Line
management responsibility for a small team of Insurance Risk professionals with
access to Risk SMEs to call on from across the wider team when needed.

We need you to have

• Proven experience of working in a risk
management function in a highly regulated financial services environment.

• Strong knowledge of the personal lines insurance
market.

• Experience of working in multi-disciplinary
teams and leading projects to achieve specific end results within limited
timeframes.

• Wide and deep experience providing expert
competence, with demonstrable experience of building strong relationships and
the ability to pragmatically challenge stakeholders, including senior leaders.

• A collaborative mindset, with a passion for
developing people and driving continuous improvement.

• Strong
written and verbal communication skills.

• A focus on
prioritisation and being accountable for delivering what matters.

Qualifications

· A degree or equivalent qualification or
experience in a related discipline, e.g., insurance, actuarial, finance.

What’s in it for you?

• Performance related annual bonus.

• Prepare for your retirement with our colleague
pension scheme.

• Virtual GP Service for you and your family 365
days a year.

• Indulge in a generous holiday allowance with a
minimum of 7.2 weeks, with the opportunity to buy more.

• Embrace the benefits of our Colleague Clubcard,
enjoy a 10% discount that increase to 15% every payday. As an
added perk, we’ll give you a second card to share with someone else.

• Company Car Allowance and Green Car Leasing
Scheme.

• Private Healthcare, Health screening and Life
Assurance.

• Benefit from our family-oriented initiatives,
encompassing enhanced maternity leave pay, a shared parental leave policy, and
a generous 8-week paid paternity leave.

• Take part in our Buy as you Earn and Save as you
Earn share schemes.

Everyone’s welcome

We want all our colleagues to always feel welcome and be
themselves. We’re committed to building a more inclusive workplace and
celebrating everything that makes colleagues unique, and value the richness and
diversity this brings to our business. A more diverse business helps us deliver
on our purpose to serve our customers, communities, and planet a little better
every day.

Additional Information

We also know the importance of balancing work with life’s
other commitments. Please talk to us at interview about the flexibility you
need, as we’re committed to exploring flexible working opportunities, at every
level of the organisation.

Why Tesco Insurance and Money Services?

Seeing your impact all around you: there\’s no better feeling.

Lucky for us, we get to feel it all the time. Because whatever our role, we\’re helping our colleagues and serving our customers, communities and planet a little better every day.

Everything we do is about making things better. Not just for others, but for you too. It\’s why you\’ll get bags of choice and plenty of development. It\’s why you\’ll always be heard and find balance that works for you. It\’s why you\’ll feel totally at home in a place where everyone\’s welcome.

So, if you want a career where you can do good and feel good, you\’ve found it.

Let\’s make everyday a little better.

Our story

Making Insurance and Money Services more rewarding and offering great value and choice – because we know little wins can make a big difference.

We began life in 1997 and now help more than 2 million customers protect what matters to them.

We want to deliver a helpful service in everything we do and to make life easier for our customers. Our policies are really easy to manage online for our customers, but we know that being able to speak to our customer service staff when you need to is really important. This is why our customer service centers are open seven days a week.

Delivering great customer service means having great people behind the scenes – people who understand our customers and are driven by doing the right thing for them. We offer colleagues a place where they can feel totally at home in a place where everyone\’s welcome, where they can be part of a great team focused on making a real difference for our customers.

How to apply

We value our people and diverse teams and believe the variety of backgrounds and experiences make us stronger to achieve our goals.

Our colleagues are working hybrid, taking time to meet with colleagues in our offices for moments that matter, such as team catch ups, planning meetings and more. If you’re interested in finding out more about what a career at Tesco Insurance and Money Services looks like, click apply to find out more!

Seniority level

Seniority level

Director

Employment type

Employment type

Full-time

Job function

Job function

Sales and Business Development

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