At a Glance
- Tasks: Build and lead a risk management function from scratch in a dynamic environment.
- Company: A privately owned, specialist reinsurer with an entrepreneurial spirit.
- Benefits: Competitive salary, bonus, private healthcare, and long-term incentives.
- Other info: Opportunity for international travel and career growth in a unique company setting.
- Why this job: Gain genuine autonomy to shape the risk management framework and make a real impact.
- Qualifications: Fully qualified actuary with experience in building risk capabilities.
The predicted salary is between 120000 - 150000 £ per year.
A privately owned, specialist reinsurer is looking for a Chief Risk Officer to build its risk management function from the ground up.
The opportunity
This is a rare ground-up build. The business currently lacks a sophisticated pricing tool, exposure management framework and capital model, and is now investing in the senior leadership to put this in place. You'll design and build the enterprise risk management framework over the next 24 to 36 months, with genuine autonomy in an entrepreneurial, privately owned environment. This is a hands-on role — you'll build processes personally in the early stages, then recruit and lead a team to support the function as it matures.
What you'll do
- Design and implement an enterprise risk management framework, including risk appetite, tolerances and governance
- Select and embed a fit-for-purpose pricing tool
- Build an exposure management framework and accumulation controls
- Develop an internal capital model, incorporating vendor catastrophe modelling output
- Establish reserving, counterparty, credit, market, liquidity and operational risk oversight
- Recruit, build and lead a risk team as the framework matures
- Act as a senior risk voice to the CEO, board and shareholders on risk strategy and capital adequacy
- Represent the business with regulators, rating agencies and other external stakeholders
- Travel internationally on a regular basis, particularly in the first year or two
What we're looking for
- Fully qualified actuary (FIA, FSA or equivalent)
- Experience with vendor catastrophe/exposure modelling tools (e.g. RMS, AIR/Verisk, Moody's) preferred
- A track record of building risk, pricing, capital or exposure management capability from scratch, rather than only operating within an established framework
- Comfortable working in a non-standard, privately owned company environment, with less structure than a listed or mutual reinsurer
- Confident, hands-on and self-directed, with the credibility to operate autonomously
- Willing and able to travel extensively and internationally
- Based in or around London, working on a hybrid basis
What's on offer
- Competitive base salary and bonus
- Compensation can be adjusted to allow for private healthcare and other provisions
- A long-term incentive arrangement is in development for the right candidate
- Genuine autonomy to build a function in your own image
This search is being handled on a retained, confidential basis by Tower Street Recruitment Solutions Limited. To find out more, contact Tom Shorto (tom.shorto@tsir.co.uk).
Chief Risk Officer in City of London employer: Tower Street Insurance Recruitment Limited
Join a highly respected insurer in London, where your expertise as an Underwriter or Senior A&H Underwriter will directly influence the portfolio and contribute to a collaborative and forward-thinking work culture. With competitive salaries, excellent benefits, and clear progression routes, this role offers a unique opportunity to thrive in a supportive environment that values both personal and professional growth.
Contact Details:
Tower Street Insurance Recruitment Limited Recruitment Team
StudySmarter Expert Advice🤫
We think this is how you could land Chief Risk Officer in City of London
✨Tap into Campus Networks
If you're still in uni, don’t forget to engage with your campus's career services and attend finance-related events. Banks often do presentations and recruitment drives on campus, so put yourself out there and make use of these opportunities to show off your passion for the field.
✨Get Certified
Consider pursuing relevant certifications like the CFA or ACCA while you’re job hunting. They not only beef up your CV but also connect you with professional bodies which can lead to networking opportunities and even job openings in banking and financial services.
✨Connect on Professional Platforms
Join finance-focused groups on platforms like LinkedIn and engage in discussions. This can really help you stand out from the crowd, allowing potential employers to see your knowledge and interest in industry trends. Plus, you might stumble upon job postings shared exclusively within the group.
✨Apply Directly and Be Proactive
Don’t shy away from reaching out directly to firms like Tower Street Insurance Recruitment Limited. Use their websites and apply through them, but also consider following up with a polite email to express your enthusiasm. Being proactive can make a huge difference in getting noticed in the competitive financial services sector.
We think you need these skills to ace Chief Risk Officer in City of London
Some tips for your application 🫡
Show Off Your Numbers!:In the banking and financial services world, quantifiable achievements are key. Make sure your CV highlights your grades in relevant subjects, any financial certifications you hold, and specific projects where you've delivered measurable results. Employers love to see how your skills translate into real-world success.
Tailor Your Cover Letter to the Role:When applying for a full-time position, your cover letter should make a direct connection between your experience and the job description. Don't just state your enthusiasm for finance—dive into how your background in banking or financial analysis sets you apart. Let your passion shine through while being specific about what you can bring to Tower Street Insurance Recruitment Limited.
Include Relevant Financial Software Experience:If you've worked with financial modelling tools or software like Excel, SAP, or specific analytical tools during your studies or internships, bring that up! Highlighting your proficiency can really make your application pop and show you're ready to hit the ground running in a full-time role.
Research and Reflect:Before hitting that 'apply' button on Tower Street Insurance Recruitment Limited's website, do a little digging. Look up their recent projects, values, and culture. Reflecting their ethos in your application can make a huge difference and show you’re genuinely interested in being part of the team!
How to prepare for a job interview at Tower Street Insurance Recruitment Limited
✨Brush Up on Financial Analysis Skills
Make sure you're well-versed in financial concepts and analytical techniques relevant to banking and financial services. Get comfortable with tools like Excel for modelling or financial forecasting, as technical questions in this area are common during interviews with Tower Street Insurance Recruitment Limited.
✨Prepare for Case Studies
Expect to tackle case studies that demonstrate your problem-solving skills in real-world banking scenarios. Familiarise yourself with the types of problems you might face—think risk assessments or investment evaluations—and be ready to articulate your thought process clearly.
✨Show Your Passion for Finance
Since this is a full-time position, employers at Tower Street Insurance Recruitment Limited will be keen to see your genuine interest in finance. Be prepared to discuss recent industry trends or news articles that excite you, showcasing your enthusiasm and engagement with the field.
✨Network with Industry Professionals
Before your interview, reach out to current or former Tower Street Insurance Recruitment Limited employees on platforms like LinkedIn. They'll offer unique insights into the company's culture and the interview process, which can give us a delightful edge in showcasing a good fit for the team.
