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- Tasks: Provide independent oversight and challenge on financial risks within a regulated environment.
- Company: Well-established financial services group with a focus on risk and compliance.
- Benefits: Flexible working options, competitive salary, and opportunities for professional growth.
- Why this job: Gain visibility at senior leadership level and influence financial risk management.
- Qualifications: Experience in 2nd line risk roles, preferably in insurance or banking.
- Other info: Dynamic role with a focus on governance and assurance in a stable organisation.
The predicted salary is between 36000 - 60000 £ per year.
Location: UK (hybrid if close to an office or remote)
Sector: Insurance or Financial Services
Function: Risk & Compliance – Second Line of Defence
Vermelo is partnering with a well-established, regulated financial services group to appoint a Financial Risk Manager into a 2nd line oversight role within their Risk & Compliance function. This is a newly created position, offering broad exposure across financial risk, capital, ORSA and model risk, with genuine visibility at senior leadership and committee level.
The core purpose of this role is to provide independent 2nd line oversight and challenge to the business in relation to financial risks. You will act as a key partner to 1st line Finance teams while maintaining clear separation and assurance responsibilities under the three lines of defence model.
Key responsibilities include:
- Providing 2nd line oversight and assurance of financial risks across the business
- Supporting the application of the Risk Management Framework, including risk identification, assessment, appetite setting and monitoring
- Oversight of credit, liquidity and market risks, and challenge of investment and capital decisions
- Supporting delivery of ORSA activity, including stress and scenario testing and validation of quantitative components
- Embedding and maintaining elements of the model risk management framework
- Contributing to governance through risk committees, finance forums, Board and ExCo papers
- Delivering deep-dive reviews and assurance activity on material financial risks
This is a non-operational risk role - the focus is on oversight, challenge, assurance and governance rather than owning 1st line delivery.
About you
We are keen to speak with candidates from Insurance or Banking who have operated in a regulated environment and clearly understand 2nd line risk responsibilities. You are likely to bring:
- Experience in a 2nd line risk, financial risk or capital risk role
- Background in Insurance (preferred) or Banking / Financial Services
- Strong understanding of financial risks, capital, stress testing and risk appetite
- Exposure to regulatory frameworks (e.g. Solvency II, PRA / FCA or equivalent)
- Confidence providing independent challenge to senior stakeholders
- A clear grasp of the three lines of defence model
Professional qualifications such as actuarial, risk or finance credentials are advantageous, but relevant experience is equally valued.
Why apply?
- True 2nd line role with strong independence and influence
- Broad group exposure and senior stakeholder visibility
- Opportunity to shape and mature financial risk oversight
- Flexible working within a stable, regulated organisation
Financial Risk Manager employer: Vermelo
Contact Detail:
Vermelo Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Financial Risk Manager
✨Tip Number 1
Network like a pro! Reach out to professionals in the financial services sector, especially those in risk and compliance roles. Use platforms like LinkedIn to connect and engage with them; you never know who might have a lead on your dream job!
✨Tip Number 2
Prepare for interviews by brushing up on your knowledge of the three lines of defence model and current regulatory frameworks. Be ready to discuss how your experience aligns with the responsibilities of a Financial Risk Manager – confidence is key!
✨Tip Number 3
Don’t just apply anywhere; focus on companies that resonate with your values and career goals. Check out our website for openings that match your skills in financial risk and compliance – we’ve got some great opportunities waiting for you!
✨Tip Number 4
Follow up after interviews! A quick thank-you email can go a long way in keeping you top of mind. Mention something specific from your conversation to show your genuine interest in the role and the company.
We think you need these skills to ace Financial Risk Manager
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the Financial Risk Manager role. Highlight your experience in 2nd line risk and any relevant qualifications. We want to see how your background fits with our needs!
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you're passionate about financial risk management and how you can contribute to our team. Keep it engaging and relevant to the job description.
Showcase Your Skills: Don’t just list your skills; demonstrate them! Use specific examples from your past roles that show your understanding of financial risks, capital, and regulatory frameworks. We love seeing real-world applications!
Apply Through Our Website: We encourage you to apply through our website for a smoother process. It helps us keep track of your application and ensures you don’t miss out on any important updates from us!
How to prepare for a job interview at Vermelo
✨Know Your Financial Risks
Make sure you brush up on your understanding of financial risks, capital management, and the three lines of defence model. Be ready to discuss how these concepts apply to the role and provide examples from your past experience.
✨Prepare for Scenario Questions
Expect questions that test your ability to assess risk and provide oversight. Think about specific scenarios where you've had to challenge decisions or implement risk frameworks, and be prepared to explain your thought process.
✨Showcase Your Regulatory Knowledge
Familiarise yourself with relevant regulatory frameworks like Solvency II and PRA/FCA guidelines. Highlight any experience you have in navigating these regulations and how they impact financial risk management.
✨Engage with Senior Stakeholders
Demonstrate your confidence in providing independent challenge to senior stakeholders. Prepare to discuss how you've successfully communicated complex risk issues to leadership and influenced decision-making in your previous roles.