At a Glance
- Tasks: Lead oversight of risk frameworks in People, Legal, Claims, and Fraud.
- Company: Join a dynamic team focused on risk management in the insurance industry.
- Benefits: Competitive salary, travel opportunities, and a chance to influence key decisions.
- Other info: Collaborative environment with opportunities for professional growth.
- Why this job: Make a real impact by enhancing risk frameworks and governance.
- Qualifications: Experience in Claims and Fraud risk; strong communication skills required.
The predicted salary is between 70000 - 90000 £ per year.
We are seeking an experienced Oversight Manager who will be responsible for the development, maintenance, and oversight of robust frameworks for People Risk, Legal Risk, Claims Risk, and Fraud Risk, ensuring alignment with regulatory requirements, business needs, and industry best practice. You will provide analytical review and challenge of end-to-end business performance from a risk perspective, delivering insight into key drivers of risk and the performance of functional interrelationships across the Saturn Group and its outsourced partners.
Key Responsibilities:
- Provide second-line oversight and challenge across People, Legal, Claims and Fraud Risk, ensuring frameworks, policies, appetite, strategy, metrics and RCSAs remain effective, proportionate and compliant with regulatory requirements.
- Review and challenge the effectiveness of risk management frameworks, controls, processes, risk events, exceptions and remediation plans, ensuring risks are identified, assessed and managed within appetite.
- Deliver independent assurance and expert challenge to first-line teams on control adequacy, risk responses and the timely resolution of issues and actions.
- Monitor emerging risks and trends, providing insight and recommendations to strengthen resilience, governance and control effectiveness.
- Build and maintain strong relationships with senior leaders, business teams and outsourced partners, providing trusted risk advice and influencing informed decision-making.
- Facilitate transparent and constructive engagement with stakeholders, translating complex risk issues into clear, actionable insights and promoting accountability across the business.
- Provide second-line opinions and assurance on risk-related initiatives, attend governance committees to deliver oversight and challenge, and contribute to CRO and other risk reporting.
- Champion a positive, innovative and risk-aware culture, supporting organisational change, employee engagement and continuous improvement.
About You:
- A risk professional with experience in Claims and Fraud risk within the general insurance industry (People and Legal Risk advantageous).
- Experience of leading initiatives across large stakeholder groups which have delivered improvements in risk frameworks, governance, and oversight.
- Knowledge and understanding of business operations, claims processes, legal frameworks, and fraud prevention mechanisms.
- Knowledge of and understanding of the regulatory framework and requirements in relation to risk including FCA/PRA handbooks.
- Ability to provide strong oversight and challenge Senior Management.
- An ability to communicate complex/technical matters to different audiences.
Oversight Manager - Claims and Fraud Risk employer: Vermelo RPO
Join a forward-thinking company that values technical excellence and continuous improvement, where your expertise as a Large Loss Technical Controller will be pivotal in shaping high-value claims management. Our collaborative work culture fosters innovation and professional growth, offering you the chance to influence best practices while ensuring customer outcomes are protected. Located in a vibrant area, we provide a supportive environment that encourages career development and rewards your commitment to maintaining the highest standards in the industry.
StudySmarter Expert Advice🤫
We think this is how you could land Oversight Manager - Claims and Fraud Risk
✨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.
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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 Vermelo RPO. 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 Oversight Manager - Claims and Fraud Risk
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 Vermelo RPO.
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 Vermelo RPO'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 Vermelo RPO
✨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 Vermelo RPO.
✨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 Vermelo RPO 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 Vermelo RPO 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.
