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- 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: Must have a relevant qualification and 10 years of experience in the industry.
- Other info: Familiarity with BMA and US GAAP standards is a plus.
The predicted salary is between 43200 - 72000 £ 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
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
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 enhance your understanding but also demonstrate your commitment to the field during interviews.
✨Tip Number 3
Prepare to discuss specific examples from your past experience that showcase your ability to develop risk management frameworks and conduct stress analysis. Tailoring your responses to highlight relevant achievements will make you stand out.
✨Tip Number 4
Familiarise yourself with the key responsibilities of the AVP role by reviewing similar job descriptions and understanding the expectations. This will help you articulate how your skills align with the position when you apply through our website.
We think you need these skills to ace AVP – Risk, Governance and Reporting – 28695
Some tips for your application 🫡
Understand the Role: Take the time to thoroughly read the job description for the AVP, Risk Governance & Reporting position. Understand the key duties and required qualifications, as this will help you tailor your application to highlight relevant experience.
Highlight Relevant Experience: In your CV and cover letter, emphasise your 10 years of business experience, particularly in the life insurance or reinsurance industry. Use specific examples that demonstrate your expertise in risk management frameworks and regulatory requirements.
Showcase Professional Qualifications: Make sure to mention any relevant professional qualifications you hold. This is crucial for a role that requires a strong understanding of risk appetites and financial reporting standards like BMA and US GAAP.
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 changing risk profile and your ability to support the CRO effectively.
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
As you'll be supporting the CRO with materials for the Bermuda Boards and Enterprise Risk Committee, think about how you can communicate complex information clearly and concisely. Practice summarising key points that would be relevant for board discussions.
✨Highlight Relevant Experience
With at least 10 years of business experience required, ensure you highlight your relevant experience in the life insurance or reinsurance industry. Be specific about your roles and contributions in previous positions to showcase your expertise.
