At a Glance
- Tasks: Lead risk management framework development and ensure effective risk identification and compliance.
- Company: Rapidly expanding global Insurance Group with a focus on growth.
- Benefits: Excellent development opportunities, competitive salary, and a dynamic work environment.
- Other info: Promote risk awareness and drive continuous improvement in a supportive culture.
- Why this job: Join a growing team and make a real impact in risk management.
- Qualifications: Degree in Risk Management or related field; 5+ years in risk management required.
The predicted salary is between 72000 - 108000 € 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.
Key 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.
Risk Culture
- 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
- Professional qualification (e.g., IRM, CERA, FIA/FFA) preferred
- 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
Senior Risk Manager - Global Insurance Group in London employer: Woodland Partners
Join a rapidly expanding global Insurance Group that prioritises employee growth and development, offering excellent promotional opportunities within a dynamic work culture. As a Senior Risk Manager, you will play a pivotal role in shaping the risk management framework while collaborating with industry experts, all within a supportive environment that values innovation and continuous improvement.
StudySmarter Expert Advice🤫
We think this is how you could land Senior Risk Manager - Global Insurance Group in London
✨Tip Number 1
Network like a pro! Reach out to industry contacts, attend events, and engage on LinkedIn. We all know that sometimes it’s not just what you know, but who you know that can help you land that Senior Risk Manager role.
✨Tip Number 2
Prepare for interviews by researching the company and its risk management practices. We suggest you come armed with examples of how you've tackled similar challenges in the past. Show them you’re the perfect fit for their growing team!
✨Tip Number 3
Don’t forget to follow up after your interviews! A quick thank-you email can go a long way. It shows your enthusiasm for the role and keeps you fresh in their minds as they make their decision.
✨Tip Number 4
Apply through our website! We’ve got loads of resources to help you ace your application and connect with potential employers. Plus, it’s a great way to stay updated on new opportunities in the insurance sector.
We think you need these skills to ace Senior Risk Manager - Global Insurance Group in London
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 background aligns 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 experience, focus on your achievements rather than just duties. Use metrics where possible to demonstrate your impact, like how you improved risk frameworks or enhanced compliance processes. We love numbers that tell a story!
Apply Through Our Website:We encourage you to apply through our website for a smoother application process. It helps us keep track of your application and ensures you don’t miss out on any important updates. Plus, it’s super easy!
How to prepare for a job interview at Woodland Partners
✨Know Your Risk Management Framework
Make sure you’re well-versed in the specifics of risk management frameworks, especially those relevant to the insurance sector. Brush up on how to develop and enhance these frameworks, as you'll likely be asked about your experience in this area.
✨Showcase Your Regulatory Knowledge
Familiarise yourself with the regulatory landscape, particularly Lloyd’s and FCA/PRA requirements. Be prepared to discuss how you've engaged with these bodies in the past and how you can ensure compliance in your new role.
✨Prepare for Scenario-Based Questions
Expect questions that require you to think critically about risk scenarios. Practice articulating how you would approach stress testing and capital model validation, linking these to strategic planning and risk appetite.
✨Demonstrate Your Leadership Skills
As a Senior Risk Manager, you’ll need to lead and promote a risk-aware culture. Think of examples where you’ve successfully led training sessions or initiatives that improved risk awareness within an organisation.
