At a Glance
- Tasks: Lead risk management framework development and ensure effective risk identification and mitigation.
- Company: Join a rapidly expanding global Insurance Group with a focus on growth.
- Benefits: Competitive salary, excellent development opportunities, and a dynamic work environment.
- Other info: Exceptional career growth opportunities in a supportive and innovative culture.
- Why this job: Make a real impact in a growing organisation while enhancing your risk management skills.
- Qualifications: Degree in Risk Management or related field and 5+ years of risk management experience.
The predicted salary is between 36000 - 60000 € per year.
Woodland Partners are delighted to be working with this rapidly expanding global Insurance Group in the search for their new Senior Risk Manager. Reporting into the Chief Actuary, this role will lead the development and execution of the risk management framework, ensuring effective risk identification, mitigation, reporting, and regulatory compliance for the organisation.
Responsibilities
- Risk framework and Governance
- Develop, maintain and enhance the syndicate’s Risk Management Framework (RMF).
- Collaborate with external advisers on the operation of the Risk Committee.
- Coordinate the risk event and issue management process, including root cause analysis and lessons learned.
- Identify and mitigate emerging risks.
- Develop, maintain and evolve the Syndicate Risk Register; challenging ratings and escalating to CRO where appropriate.
- Risk appetite and Monitoring
- Perform annual update and cascade of Syndicate Risk Appetites, including translation into metrics and thresholds.
- Monitor risk exposures against thresholds and deliver clear MI and dashboards to senior stakeholders and board.
- ORSA and Stress Testing
- Contribute to stress tests and validation processes for Capital Models.
- Work with external advisers to the Own Risk and Solvency Assessment (ORSA), including scenario design, aggregation, and narrative drafting.
- Develop and monitor stress and reverse stress testing frameworks.
- Link outputs to strategic planning, reinsurance structure, and capital requirements.
- Assist in preparing validation reports for regulatory compliance.
- Regulatory engagement and Assurance
- Support responses to Lloyd’s and FCA/PRA requests, thematic reviews, and CPG maturity assessments.
- Work with internal audit and second line to test control effectiveness and risk culture.
- Ensure risk policies are reviewed, documented, and aligned with industry good practice.
- Partner with business functions to promote risk awareness and ownership.
- Lead or participate in risk training sessions, deep dives, and thematic reviews.
- Drive continuous improvement of risk tools and reporting.
Qualifications and Experience
- Degree in Risk Management, Actuarial Science, Finance, or Business.
- Minimum 5 years in risk management.
- Experience of the Lloyd’s market.
This is an exceptional opportunity to join an organisation at a period of growth and development. Excellent development and promotional opportunities exist. Insurance experience is absolutely imperative.
Seniority level: Mid-Senior level
Employment type: Full-time
Job function: Other
Industries: Insurance
Senior Risk Manager - Global Insurance Group in England employer: Woodland Partners
Woodland Partners is an exceptional employer, offering a dynamic work environment within a rapidly expanding global Insurance Group. With a strong focus on employee development and growth opportunities, the company fosters a culture of collaboration and innovation, ensuring that every team member can contribute to and thrive in their role. Located in London, employees benefit from the vibrant city life while being part of a forward-thinking organisation committed to excellence in risk management.
StudySmarter Expert Advice🤫
We think this is how you could land Senior Risk Manager - Global Insurance Group in England
✨Tip Number 1
Network like a pro! Reach out to your connections in the insurance industry, especially those who know about risk management. A friendly chat can lead to insider info on job openings or even a referral.
✨Tip Number 2
Prepare for interviews by brushing up on your knowledge of the Lloyd’s market and current risk management trends. We want you to be able to discuss how you can enhance their Risk Management Framework with confidence!
✨Tip Number 3
Don’t just apply and wait! Follow up on your applications through our website. A quick email to express your enthusiasm can make you stand out from the crowd.
✨Tip Number 4
Showcase your experience with stress testing and regulatory compliance during interviews. We know these are key areas for the Senior Risk Manager role, so highlight your successes and how you can contribute to their goals.
We think you need these skills to ace Senior Risk Manager - Global Insurance Group in England
Some tips for your application 🫡
Tailor Your CV:Make sure your CV is tailored to the Senior Risk Manager role. Highlight your experience in risk management, especially within the Lloyd’s market, and showcase any relevant qualifications. We want to see how your skills align with what we’re looking for!
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 you can contribute to our growing team. Be sure to mention specific experiences that relate to the responsibilities outlined in the job description.
Showcase Your Achievements:When detailing your past roles, focus on your achievements rather than just duties. Use metrics where possible to demonstrate your impact, like how you improved risk reporting or enhanced compliance processes. We love numbers that tell a story!
Apply Through Our Website:We encourage you to apply directly through our website. It’s the best way for us to receive your application and ensures you don’t miss out on any important updates. Plus, it shows you’re keen to join our team at Woodland Partners!
How to prepare for a job interview at Woodland Partners
✨Know Your Risk Management Framework
Before the interview, make sure you thoroughly understand the risk management framework relevant to the role. Brush up on how to develop and enhance such frameworks, as well as the key components of effective risk identification and mitigation. This will show your potential employer that you're not just familiar with the concepts but can also apply them.
✨Familiarise Yourself with Regulatory Compliance
Since this role involves regulatory engagement, it's crucial to be well-versed in the requirements set by Lloyd’s and FCA/PRA. Research recent thematic reviews or assessments and be prepared to discuss how you would support compliance efforts. This demonstrates your proactive approach and understanding of the industry's regulatory landscape.
✨Prepare for Scenario-Based Questions
Expect questions that require you to think critically about risk scenarios. Prepare examples from your past experience where you've successfully managed risks or contributed to stress testing processes. Use the STAR method (Situation, Task, Action, Result) to structure your responses clearly and effectively.
✨Showcase Your Collaborative Skills
This role requires collaboration with various stakeholders, including external advisers and internal teams. Be ready to share examples of how you've worked with others to achieve common goals in risk management. Highlight your ability to promote risk awareness and ownership within a team, as this is key to driving a strong risk culture.
