At a Glance
- Tasks: Support risk governance, analyse balance sheets, and develop risk management frameworks.
- Company: Join a leading firm in the insurance and reinsurance industry based in London.
- Benefits: Enjoy a permanent role with opportunities for professional growth and development.
- Why this job: Be part of a dynamic team shaping risk strategies and making impactful decisions.
- Qualifications: 10+ years of experience in business, with a relevant professional qualification required.
- Other info: Experience in life insurance or reinsurance is a plus; familiarity with BMA and US GAAP standards is desirable.
The predicted salary is between 72000 - 108000 £ per year.
The AVP, Risk Governance & Reporting will play a key part in supporting the Company's changing risk profile, setting risk appetites and analysing balance sheet impacts from stress and scenario analysis.
Location: London
Category: Risk
Type: Permanent
Key Duties (Including but not limited to):
- Development of the risk management framework including responding to changing BMA regulatory requirements and implementation of risk appetites
- Leading the annual Commercial Insurer’s Solvency Self-Assessment (“CISSA”) process incorporating analysis of internal capital needs and developing stress and scenarios
- Supporting the CRO with preparation of materials for the Bermuda Boards and Enterprise Risk Committee
Qualifications:
- A relevant professional qualification with at least 10 years’ business experience
- Life insurance or reinsurance industry experience
Desirable:
- Familiarity with capital bases and financial reporting standards such as BMA and US GAAP
AVP – Risk, Governance and Reporting – 28695 employer: The Emerald Group
Contact Detail:
The Emerald Group Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land AVP – Risk, Governance and Reporting – 28695
✨Tip Number 1
Network with professionals in the risk management and insurance sectors. Attend industry events or webinars to connect with individuals who can provide insights into the role and potentially refer you to opportunities at StudySmarter.
✨Tip Number 2
Stay updated on the latest regulatory changes and trends in risk governance, especially those related to BMA and US GAAP. This knowledge will not only help you in interviews but also demonstrate your commitment to the field.
✨Tip Number 3
Prepare to discuss your experience with stress testing and scenario analysis in detail. Be ready to share specific examples of how you've contributed to risk appetite frameworks or similar projects in your previous roles.
✨Tip Number 4
Familiarise yourself with the key responsibilities of the AVP role by reviewing relevant case studies or reports. This will help you articulate how your skills align with the company's needs during discussions with our hiring team.
We think you need these skills to ace AVP – Risk, Governance and Reporting – 28695
Some tips for your application 🫡
Understand the Role: Take time to thoroughly read the job description for the AVP – Risk, Governance and Reporting position. Understand the key duties and required qualifications, as this will help you tailor your application effectively.
Highlight Relevant Experience: In your CV and cover letter, emphasise your experience in risk management, particularly within the life insurance or reinsurance sectors. Use specific examples that demonstrate your ability to develop risk frameworks and conduct stress analyses.
Showcase Qualifications: Make sure to mention any relevant professional qualifications you hold. If you have over 10 years of business experience, detail how this has prepared you for the responsibilities outlined in the job description.
Craft a Compelling Cover Letter: Write a cover letter that not only outlines your qualifications but also expresses your enthusiasm for the role. Discuss how your skills align with the company's needs and your understanding of BMA regulatory requirements.
How to prepare for a job interview at The Emerald Group
✨Understand the Risk Management Framework
Make sure you have a solid grasp of risk management frameworks, especially in relation to BMA regulatory requirements. Be prepared to discuss how you would respond to changing regulations and implement risk appetites effectively.
✨Showcase Your Analytical Skills
Since the role involves analysing balance sheet impacts from stress and scenario analysis, be ready to demonstrate your analytical skills. Bring examples of past experiences where you've successfully conducted similar analyses.
✨Prepare for Board-Level Discussions
The position requires supporting the CRO with materials for the Bermuda Boards and Enterprise Risk Committee. Familiarise yourself with what these discussions entail and think about how you can contribute to high-level strategic conversations.
✨Highlight Relevant Experience
With at least 10 years of business experience required, ensure you highlight your relevant work history, particularly in the life insurance or reinsurance industry. Discuss specific projects or roles that align with the job description.