At a Glance
- Tasks: Lead risk management initiatives and collaborate with experts to enhance organisational resilience.
- Company: Join USS, a leading pension scheme with a vibrant and flexible work culture.
- Benefits: Enjoy a competitive salary, generous leave, and personal development support.
- Other info: Opportunities for learning, community support, and a commitment to diversity and inclusion.
- Why this job: Make a real impact on risk management while developing your career in a supportive environment.
- Qualifications: Strong knowledge of risk management frameworks and excellent communication skills required.
The predicted salary is between 60000 - 75000 £ per year.
When you join USS, the size and scale of our pension scheme means you will have numerous opportunities to learn and develop your career. Given our size you will have real autonomy and influence as you collaborate closely with a wide-ranging team of experts. Our office is a vibrant place to work, and we offer flexibility of office/homeworking due to our hybrid model.
About the role
In your role as Enterprise Risk Manager you will make a meaningful and valued contribution from the outset. This role will provide a great opportunity to be part of the 2nd line Enterprise and Operational Risk Management (EORM) team which has the mandate to coordinate and oversee all risk management and control activities across USS. This role reports directly into the Group Head of Enterprise & Operational Risk Management. This role will be responsible for the design, implementation and ongoing maintenance of the enterprise risk management (ERM) framework covering risk appetite, risk events, risk taxonomy, Risk & Control Self-Assessment (RCSA), control standards, emerging risks, top risks and scenario analysis. This role is crucial in ensuring that USS maintains a robust risk management framework that supports strategic decision‑making and protects the organization's assets. This role requires good knowledge and practical experience of Risk Management Frameworks within a financial services firm.
What you will be doing
- Ensure the ERM framework is continuously updated to reflect the latest industry standards and regulatory requirements
- Lead the design and maintenance of a robust Risk & Control Self-Assessment (RCSA) program
- Lead the development of control assurance standards
- Lead the annual risk appetite refresh across the two entities, USSL & USSIM
- Lead the emerging risk & top risk refresh
- Develop and maintain the risk taxonomy and control library
- Regularly assess the business adherence to the ERM framework
- Leverage the risk system, Protecht, to embed the ERM framework across USS
- Lead the regular review of ERM Policies and frameworks documents
- Ensure the various USS frameworks (e.g. data, supplier, resilience) are aligned to the ERM framework
- Develop and maintain the ERM framework training plan & materials to enhance risks & controls awareness understanding at all levels
- Lead the EORM quarterly risk forum meeting
- Lead the yearly review of the Annual Report & Accounts (ARA) & TCFD risk sections
- Assist in assessing and actively reporting on the USS’s risk culture, driving initiatives to embed a proactive risk management culture across USS
- Close collaboration with the EORM, information security, compliance, and the 1st line business control teams
- Serve as a trusted advisor and primary point of contact for framework‑related inquiries
- Identify opportunities to enhance current risk processes with a particular focus on simplification
- Stay updated on new regulations and industry standards through regular attendance at seminars, workshops, and conferences
About you
- Strong experience and knowledge of risk management framework best practices and methodologies (including control assurance)
- Experience and knowledge of model risk frameworks is a plus
- The successful candidate is likely to have worked in a Risk function, business control function or audit function in the financial industry
- Good communication and stakeholder management skills are required
- Strong Microsoft Office skills
- Experience of Copilot or an equivalent generative AI tool is a plus
Benefits
- Great starting salary
- Generous annual leave package
- Access to a high quality pension scheme provided through Universities Superannuation Scheme
- Supportive people policies (including enhanced occupational sickness pay and family friendly pay)
- Financial contributions towards your personal development to help you maintain your physical and mental wellbeing
- Access to a range of health and wellbeing services i.e., private healthcare, discounted gym membership
- Learning and development opportunities to develop your skills, knowledge and talent
- Employee Volunteer Day’s to support the communities where you work and live
- Cycle to Work Scheme
USSL is proud to be an equal opportunity employer. We strive to ensure our recruitment process is as flexible and inclusive as possible so we can attract diverse candidates and recruit the best talent. We want all candidates to perform at their best during the recruitment process, so if you need any reasonable adjustments or if there is anything we can do to help support you through your recruitment journey please let us know by contacting resourcing@uss.co.uk.
Enterprise Risk Manager employer: USS
At USS, we pride ourselves on being an exceptional employer, offering a vibrant work environment that fosters collaboration and professional growth. Our hybrid working model provides flexibility, while our commitment to employee development ensures you have the resources and support needed to thrive in your role as Enterprise Risk Manager. With a generous benefits package and a strong focus on wellbeing, USS is dedicated to creating a workplace where you can make a meaningful impact and advance your career.
StudySmarter Expert Advice🤫
We think this is how you could land Enterprise Risk Manager
✨Tip Number 1
Network like a pro! Reach out to people in the industry, attend events, and connect with professionals on LinkedIn. We can’t stress enough how valuable personal connections can be in landing that Enterprise Risk Manager role.
✨Tip Number 2
Prepare for interviews by researching USS and its risk management practices. We want you to show off your knowledge about their ERM framework and how you can contribute. Tailor your responses to highlight your experience in financial services.
✨Tip Number 3
Practice your communication skills! As an Enterprise Risk Manager, you'll need to convey complex ideas clearly. We suggest doing mock interviews with friends or using online platforms to refine your pitch.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets noticed. Plus, we love seeing candidates who take the initiative to engage directly with us.
We think you need these skills to ace Enterprise Risk Manager
Some tips for your application 🫡
Tailor Your CV:Make sure your CV is tailored to the Enterprise Risk Manager role. Highlight your experience with risk management frameworks and any relevant skills that match the job description. We want to see how you can contribute to our team!
Craft a Compelling Cover Letter:Your cover letter is your chance to shine! Use it to explain why you're passionate about risk management and how your background makes you a great fit for USS. Don’t forget to mention specific experiences that align with the responsibilities outlined in the job description.
Showcase Your Communication Skills:Since good communication is key for this role, make sure your application reflects your ability to convey complex ideas clearly. Whether it's through your CV or cover letter, we want to see how you can engage with stakeholders effectively.
Apply Through Our Website:We encourage you to apply directly through our website. It’s the best way to ensure your application gets to us quickly and efficiently. Plus, you’ll find all the details you need about the role and our company culture there!
How to prepare for a job interview at USS
✨Know Your Risk Management Frameworks
Make sure you brush up on your knowledge of risk management frameworks, especially those relevant to financial services. Be prepared to discuss how you've applied these frameworks in previous roles and how they can be adapted to meet USS's needs.
✨Showcase Your Communication Skills
As an Enterprise Risk Manager, you'll need to communicate complex risk concepts clearly. Practice explaining your past experiences in a way that highlights your ability to engage with stakeholders at all levels. Use examples that demonstrate your strong communication skills.
✨Demonstrate Proactive Risk Culture Initiatives
Think about ways you've previously contributed to fostering a proactive risk management culture. Be ready to share specific initiatives you've led or been part of, and how they positively impacted the organisation's risk posture.
✨Stay Updated on Industry Standards
Keep yourself informed about the latest regulations and industry standards in risk management. Mention any recent seminars or workshops you've attended, and how this knowledge can help USS maintain a robust ERM framework.
