At a Glance
- Tasks: Lead the development of a risk management framework and ensure regulatory compliance.
- Company: Rapidly expanding global insurer with a focus on innovation.
- Benefits: Competitive salary, career growth opportunities, and a dynamic work environment.
- Other info: Join a pioneering team and enhance your skills in a supportive culture.
- Why this job: Make a significant impact in shaping risk management for a leading insurer.
- Qualifications: Degree in relevant field and 5+ years of risk management experience.
The predicted salary is between 72000 - 88000 £ per year.
Woodland Partners are working exclusively with this rapidly expanding global Insurer who are in the process of setting up their UK Risk function.
As part of this we are recruiting their first Senior Risk Manager reporting into the Chief Actuary based in London to lead the development and execution of the risk management framework, ensuring effective risk identification, mitigation, reporting, and regulatory compliance for the organisation.
- Risk framework and Governance
- Develop, maintain and enhance the Risk Management Framework (RMF) in line with Lloyd’s Principles for Doing Business.
- 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 Risk Register; challenging ratings and escalating to CRO where appropriate.
- Risk appetite and Monitoring
- Perform annual update and cascade of 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.
- 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.
QUALIFICATIONS AND EXPERIENCE
- Degree in Risk Management, Actuarial Science, Finance, or Business
- Minimum 5 years in risk management
- Experience of the Lloyd’s market is essential.
- #J-18808-Ljbffr
Senior Risk Manager - Lloyd's Insurer employer: Woodland Partners
Join a dynamic and rapidly expanding insurer that values innovation and growth, offering a unique opportunity for the Insurance Financial Controller role. With a strong emphasis on employee development, you will benefit from a collaborative work culture, competitive equity participation, and the chance to play a pivotal role in shaping financial strategies across multiple entities. This position not only promises meaningful work but also provides a clear path to CFO, making it an excellent choice for ambitious professionals seeking rewarding careers.
StudySmarter Expert Advice🤫
We think this is how you could land Senior Risk Manager - Lloyd's Insurer
✨Dive Into Industry Networking Events
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We think you need these skills to ace Senior Risk Manager - Lloyd's Insurer
Some tips for your application 🫡
Highlight Your Analytical Skills:In insurance, we love a candidate who can crunch numbers and analyse data effectively. When crafting your CV, make sure to showcase any relevant coursework or experiences that highlight your analytical abilities, especially if you’ve tackled risk assessment or financial modelling.
Showcase Industry Knowledge:Don’t be shy about your knowledge of the insurance sector! We want to see that you've done your homework on current trends, regulations, and challenges in the industry. Mention any relevant projects or studies you’ve completed that demonstrate your understanding of the field in your cover letter.
Craft a Compelling Cover Letter:Your cover letter should tell us why you’re passionate about insurance. Share any personal experiences or what drew you into this profession. We’re looking for enthusiasm and a clear motivation for why you want to be part of our team at Woodland Partners.
Tailor Your CV for the Role:Don't just send a generic CV! Focus on tailoring it specifically for the insurance role at Woodland Partners. Highlight relevant skills such as risk management, customer service experience, or any certifications you've earned in the industry to make your application stand out.
How to prepare for a job interview at Woodland Partners
✨Know Your Numbers: Insurance Fundamentals
Brush up on your understanding of key insurance concepts, like underwriting principles and risk assessment. Expect the interviewer at Woodland Partners to throw some technical questions your way, so be ready to demonstrate your grasp of these essentials.
✨Showcase Your Analytical Side
In the insurance world, it's all about data. Prepare to discuss any analytical tools or methodologies you've used in past experiences. If you have a portfolio of projects where you've tackled complex data, bring that along to impress the team!
✨Prepare for Behavioural Questions
As a full-timer at Woodland Partners, they'll want to know how you handle real-life scenarios, not just theory. Think about challenges you've faced in teamwork or customer service, and how those experiences can relate to a career in insurance.
✨Know the Company Culture Inside Out
Understanding Woodland Partners's values and workplace culture is essential. Don’t just memorise their mission statement; think about how your personal values align with theirs. This will show your genuine interest in being part of their team long-term.
