At a Glance
- Tasks: Oversee financial risks and support decision-making in a growing insurance group.
- Company: Join an ambitious general insurance group making a real impact.
- Benefits: Competitive salary, professional development, and opportunities for travel.
- Other info: Dynamic role with excellent career growth and governance involvement.
- Why this job: Be at the forefront of risk management and shape the future of insurance.
- Qualifications: Experience in capital modelling and strong communication skills required.
The predicted salary is between 63000 - 77000 £ per year.
Prudential Risk Manager
Location
Travel to Brentwood and Manchester will be required when needed.
We are seeking a
Prudential Risk Manager to join our ambitious, growing general insurance group.
This is an exciting opportunity for a qualified or part-qualified actuary with a strong risk management mindset to make a real impact.
Reporting to the Head of Financial Risk, you will help provide robust oversight and challenge across the group, working closely with Finance and Capital Modelling teams to support decision-making, and ensure we operate within our risk appetite and regulatory expectations.
Key Responsibilities
As Prudential Risk Manager, you’ll
- Provide 2nd line oversight, assurance and challenge across the group’s financial risks, supporting the effective application of the Risk Management Framework, risk reporting, policy development, control assessments and regulatory compliance.
- Support the delivery of the group’s ORSA process, including capital planning, stress testing and validation of quantitative outputs.
- Embed and enhance the group’s Model Risk Management Framework, supporting model identification, validation and communication of key assumptions, limitations and risks.
- Lead targeted assurance reviews and deep-dive assessments of material financial risks, investments and decision making processes.
- Contribute to governance forums, Board and Executive reporting, providing independent challenge and risk oversight across the wider business.
- Support the Head of Risk and Head of Financial Risk in delivering effective risk management across all group entities.
About You
- Experience within general insurance capital modelling, capital planning and investments within a PRA/Solvency II environment.
- Experience of stress and scenario testing, with a strong understanding of insurance risk management, risk mitigation and regulatory requirements.
- Strong relationship-building, communication and stakeholder management skills, with a customer-focused approach.
- Good understanding of governance frameworks, including the Three Lines of Defence model, and the ability to provide effective challenge and oversight.
- Qualified or part-qualified actuary (advantageous).
Prudential Risk Manager in England employer: Vermelo
Tradex Insurance is an exceptional employer that fosters a collaborative and innovative work culture, where employees are empowered to make impactful decisions. With a strong focus on professional development, employees have access to continuous learning opportunities and the chance to work closely with senior leaders in a dynamic environment. The role of 2nd Line Risk Partner offers the unique advantage of influencing key risk frameworks while travelling to vibrant locations like Manchester and Brentwood, ensuring a diverse and engaging work experience.
StudySmarter Expert Advice🤫
We think this is how you could land Prudential Risk Manager in England
✨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 Vermelo. 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 Prudential Risk Manager in England
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.
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'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
✨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.
✨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 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 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.
