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- Tasks: Lead risk management initiatives and ensure compliance in a dynamic (re)insurance environment.
- Company: Join Canopius, a leading global specialty lines (re)insurer with a positive culture.
- Benefits: Enjoy hybrid working, competitive salary, health cover, and a focus on wellbeing.
- Why this job: Make a real impact by shaping risk governance and driving innovation in risk management.
- Qualifications: Experience in risk management within the insurance sector and strong analytical skills required.
- Other info: Flexible working model and commitment to diversity and inclusion.
The predicted salary is between 36000 - 60000 £ per year.
This Group Enterprise Risk Manager will support and enhance the Group Enterprise Risk Management (ERM) function within a growing (re)insurance firm. Reporting directly to the Head of ERM, the successful candidate will play a crucial role in ensuring effective risk governance, regulatory compliance, and strategic risk oversight. The role also involves maintaining a robust and regulatory compliant risk framework, embedding a strong risk culture throughout the business, and supporting the articulation of risk appetite statements and tolerances and horizon scanning and assessment of emerging / evolving risks to the organisation.
The ideal candidate will have extensive experience in risk management within the insurance sector, strong analytical and communication skills, and the ability to convey complex matters to senior stakeholders. Additionally, we seek someone who will advocate for and drive innovation and efficiencies in risk management processes and enhancements in risk analysis using risk systems and tools available.
Key Responsibilities:- Provide leadership and guidance to business and risk colleagues to implement the evolving risk and control framework.
- Support leadership in identifying key risks to the organisation’s strategic objectives.
- Work with the business to identify, assess, and report on risks, and develop risk mitigation activities, processes, and controls to support a strong risk management culture.
- Design, implement, and maintain a comprehensive risk register for the relevant group/business unit.
- Facilitate Risk and Control Self-Assessments (RCSAs) and conduct in-depth risk deep dives, through stakeholder workshops and desktop reviews, as needed.
- Support the business in the reporting, investigation, and root cause analysis of risk events materialising.
- Analyse risk management information on trends and themes to support management decisions and actions.
- Lead the development and delivery of high-quality risk reports, this could include Own Risk and Solvency Assessment (ORSA) and CRO reports for senior leadership and Board level.
- Maintain and develop a robust, coherent, and regulatory compliant risk framework suitable for a Group/business unit matrix organisation, including clear risk taxonomy, risk roles & responsibilities, governance and feedback loops.
- Horizon scanning and oversee high-quality emerging risk reporting and maintain an effective emerging risk framework across Canopius.
- Provide risk training for audience of various levels within the organisation.
- Support senior leadership in the articulation of risk appetite statements and tolerances appropriate for the organisation’s strategic objectives and work with the business to develop Key Risk Indicators (KRIs) for monitoring risk appetite.
- Previous working experience in a second line risk management department within the Lloyd's / London Insurance Market.
- Proven experience in the practical implementation of a risk framework (including supporting processes) in a global business, identifying gaps or areas of improvement, and leading/delivering risk management remediation actions.
- Ability to understand and analyse complex and interrelated business and risk processes and information, and have a big picture view of the risks and implications on what matters most to the organisation.
- Clearly and coherently convey complex findings or themes for a comprehensive view of risk management across the organisation to senior leadership, the Board, and external stakeholders.
- Experience with Risk Management Information System implementation projects and efficiencies in risk management processes and analysis enhancements using risk systems and tools available.
- Strong planning, analytical (including attention to detail), written communication, and presentation skills, with proficiency in MS Office, including MS Excel (Macros, V-Lookups, and Pivot tables).
- Experience with stakeholder engagement at various levels of the organisation to encourage collaboration, share knowledge, and facilitate the adoption of risk management best practices.
About Us
Our benefits include hybrid working, a competitive base salary, non-contributory pension, discretionary bonus, insurances including health (family) and dental cover, and many other benefits to enhance financial, physical, social and psychological health.
Canopius is a global specialty lines (re)insurer. We are one of the leading insurers in the Lloyd’s of London insurance market with offices in the UK, US, Singapore, Australia and Bermuda. At Canopius we foster a distinctive, positive culture which enables us to bring our whole selves to work to flourish as people, and build a business which delivers profitable, sustainable results.
We are fully committed to equal employment opportunities for all applicants and providing employees with a work environment free of discrimination and harassment. All employment decisions are made regardless of age, sex, gender identity, ethnicity, disability, sexual orientation, socio-economic background, religion or beliefs, marital or caring status, or any other status protected by the laws or regulations in the locations where we operate. We encourage and welcome applicants from all diverse backgrounds.
We make reasonable adjustments throughout the recruitment process and during employment. Please let us know if you require any information in an alternate format or any other reasonable adjustments.
Group Enterprise Risk Manager in City of London employer: vavemga
Contact Detail:
vavemga Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Group Enterprise Risk Manager in City of London
✨Tip Number 1
Network like a pro! Reach out to your connections in the insurance sector and let them know you're on the lookout for opportunities. A friendly chat can lead to insider info about openings that aren't even advertised yet.
✨Tip Number 2
Prepare for interviews by researching the company and its risk management practices. Show us you understand their challenges and how you can help tackle them. Tailor your examples to highlight your experience in implementing risk frameworks.
✨Tip Number 3
Practice your communication skills! You’ll need to convey complex risk concepts clearly, so grab a friend and do some mock interviews. This will help you articulate your thoughts confidently when it matters most.
✨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 Group Enterprise Risk Manager in City of London
Some tips for your application 🫡
Tailor Your Application: Make sure to customise your CV and cover letter to highlight your experience in risk management, especially within the insurance sector. We want to see how your skills align with the responsibilities outlined in the job description.
Showcase Your Analytical Skills: Since this role requires strong analytical abilities, don’t shy away from including specific examples of how you've successfully analysed complex risk scenarios in the past. We love seeing those details!
Communicate Clearly: Remember, you’ll need to convey complex information to senior stakeholders. Use clear and concise language in your application to demonstrate your communication skills. We appreciate straightforwardness!
Apply Through Our Website: We encourage you to submit your application through our website. It’s the best way for us to receive your details and ensures you’re considered for the role. Plus, it’s super easy!
How to prepare for a job interview at vavemga
✨Know Your Risk Framework
Before the interview, make sure you thoroughly understand the risk framework relevant to the insurance sector. Familiarise yourself with how it applies to the role of Group Enterprise Risk Manager and be ready to discuss your experience in implementing similar frameworks.
✨Prepare for Scenario Questions
Expect scenario-based questions that assess your analytical skills and ability to convey complex information. Think of specific examples from your past experiences where you've identified risks, implemented controls, or led risk assessments, and be prepared to explain your thought process.
✨Showcase Your Communication Skills
As this role involves conveying complex findings to senior stakeholders, practice articulating your thoughts clearly and concisely. You might want to prepare a brief presentation on a relevant risk topic to demonstrate your communication prowess during the interview.
✨Engage with the Company Culture
Research Canopius's culture and values, especially their commitment to diversity and inclusion. Be ready to discuss how your personal values align with theirs and how you can contribute to fostering a strong risk culture within the organisation.
