At a Glance
- Tasks: Design and implement a risk management framework from scratch in a dynamic environment.
- Company: A privately owned specialist reinsurer offering a unique opportunity for growth.
- Benefits: Competitive salary, bonus potential, private healthcare, and long-term incentives.
- Other info: Hybrid working model with international travel opportunities.
- Why this job: Gain genuine autonomy to shape the risk function and make a real impact.
- Qualifications: Fully qualified actuary with experience in building risk management capabilities.
The predicted salary is between 150000 - 180000 £ 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
Chief Risk Officer in 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 London
✨Dive Into Industry Networking Events
Get your foot in the door by attending insurance industry events and conferences. Not only will you learn about the latest trends, but you'll also meet potential employers and industry peers. Check out local chapters of professional bodies like the Chartered Insurance Institute for valuable meetups.
✨Use LinkedIn to Your Advantage
Don’t underestimate the power of LinkedIn in the insurance world. Engage with industry content, join relevant groups, and connect with professionals at companies you admire (like Tower Street Insurance Recruitment Limited). A thoughtful message explaining your interest can really make a difference!
✨Look Out for Graduate Schemes
Many firms in insurance have structured graduate programmes. Keep an eye on application windows and utilise your university's career services for insider tips. These schemes are designed to develop talent and often lead to permanent roles after your initial training.
✨Leverage Your Current Connections
Got friends or family in the industry? Now’s the time to reach out! Personal referrals can give you a head start, so let them know you're on the lookout for full-time opportunities at places like Tower Street Insurance Recruitment Limited. Don’t shy away from asking for a coffee chat; you never know what doors it might open!
We think you need these skills to ace Chief Risk Officer in London
Some tips for your application 🫡
Highlight Your Analytical Skills:In insurance, we love a candidate who can crunch numbers and analyse data effectively. When crafting your CV, make sure to showcase any relevant coursework or experiences that highlight your analytical abilities, especially if you’ve tackled risk assessment or financial modelling.
Showcase Industry Knowledge:Don’t be shy about your knowledge of the insurance sector! We want to see that you've done your homework on current trends, regulations, and challenges in the industry. Mention any relevant projects or studies you’ve completed that demonstrate your understanding of the field in your cover letter.
Craft a Compelling Cover Letter:Your cover letter should tell us why you’re passionate about insurance. Share any personal experiences or what drew you into this profession. We’re looking for enthusiasm and a clear motivation for why you want to be part of our team at Tower Street Insurance Recruitment Limited.
Tailor Your CV for the Role:Don't just send a generic CV! Focus on tailoring it specifically for the insurance role at Tower Street Insurance Recruitment Limited. Highlight relevant skills such as risk management, customer service experience, or any certifications you've earned in the industry to make your application stand out.
How to prepare for a job interview at Tower Street Insurance Recruitment Limited
✨Know Your Numbers: Insurance Fundamentals
Brush up on your understanding of key insurance concepts, like underwriting principles and risk assessment. Expect the interviewer at Tower Street Insurance Recruitment Limited to throw some technical questions your way, so be ready to demonstrate your grasp of these essentials.
✨Showcase Your Analytical Side
In the insurance world, it's all about data. Prepare to discuss any analytical tools or methodologies you've used in past experiences. If you have a portfolio of projects where you've tackled complex data, bring that along to impress the team!
✨Prepare for Behavioural Questions
As a full-timer at Tower Street Insurance Recruitment Limited, they'll want to know how you handle real-life scenarios, not just theory. Think about challenges you've faced in teamwork or customer service, and how those experiences can relate to a career in insurance.
✨Know the Company Culture Inside Out
Understanding Tower Street Insurance Recruitment Limited's values and workplace culture is essential. Don’t just memorise their mission statement; think about how your personal values align with theirs. This will show your genuine interest in being part of their team long-term.
