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- Tasks: Lead a team to oversee financial risk and enhance risk culture.
- Company: Join Zurich, a global leader in insurance with a commitment to responsibility and impact.
- Benefits: Flexible working hours, remote options, and a supportive community culture.
- Why this job: Shape the future of risk management while making a positive impact on society.
- Qualifications: Experience in financial risk oversight, strong leadership, and excellent communication skills required.
- Other info: Inclusive employer focused on diversity, community involvement, and employee support.
The predicted salary is between 54000 - 84000 £ per year.
Working hours: This role is available on a part-time, job-share or full-time basis.
Location: Flexible with regular travel to the Swindon office.
The opportunity: A unique opportunity has arisen for an experienced financial risk professional to join our UK Risk Team. The role reports to the Head of Financial Risk and Insights, overseeing the risk actuarial teams and the delivery of delegated SM&CR responsibilities from the UK Chief Risk Officer. You will shape and advance our approach for the second line oversight of financial and insurance risk within Zurich’s UK (Life and P&C) businesses. This role is suited for an experienced team leader, with a keen interest in emerging risk trends and a passion for driving change. You will have key influence to enhance our risk culture, risk management, risk reporting, and deliver targeted risk insights. The role requires strong financial and communication skills to support engagement with a broad set of stakeholders across the UK business and Zurich Group.
The team: The Financial Risk and Insights team supports the UK CRO and works with the wider UK Risk team and Zurich Group colleagues to promote a culture of sound risk awareness, support risk identification and mitigation, and provide oversight of management’s delivery of the business strategy, aligned to the risk appetite. The team oversees first line financial risk activity in actuarial, reinsurance, investments, proposition development and pricing, engaging with a broad set of stakeholders.
What will you be doing? As Senior Financial Risk Manager you will:
- Support the Head of Financial Risk and Insights by taking the lead role to shape and oversee the risk actuarial work plan, collaborating with our senior risk actuaries.
- Manage and coach a small team who work with the UK business (Life and P&C) to enhance the assessments of financial and insurance risks, focusing on emerging risk and climate change risk.
- Lead your team to work collaboratively with the UK Risk team to automate and simplify the Risk reporting using data visualisation and analytics tools.
- Guide the UK Risk technical business partnering on financial and insurance risk to support the business manage exposures within tolerances and appetite.
- Support ad hoc assessments of key strategic and change initiatives.
- Lead the CRO-chaired governance meetings on financial risk and model risk.
- Oversee the UK implementation of the Zurich Group Financial Risk Framework and Model Risk Framework, maintaining local UK documentation.
- Maintain the Stress and Scenario Framework, working with the risk, actuarial and underwriting teams to improve the modelling capability and enhance the use of the Zurich Group internal model.
- Be a key senior member of the UK Risk team, providing guidance and support, and collaborating with the wider UK and Group team.
What are we looking for? This role is for an experienced professional with strong business acumen and a good understanding of the UK insurance market and regulations. You must have demonstrable experience of financial risk oversight, preferably within the insurance sector. You will also need to demonstrate:
- Strong leadership skills and a passion for team development.
- Experience in fostering a culture of continuous improvement.
- Strong analytical and data visualization skills, with experience in using data and trend analysis to provide insights and support decisions.
- Ability to build strong relationships and influence senior stakeholders, delivering results through others across a diverse portfolio.
- Ability to navigate the role of a pragmatic business partner while independently challenging when necessary.
- Excellent communication skills, capable of explaining technical concepts to a broad range of stakeholders and experience of writing reports for senior stakeholders and Boards.
What happens next? As an inclusive employer we want to ensure that all candidates feel comfortable and are able to perform at their best during the interview. You’ll have the opportunity to let us know of any reasonable adjustment or practical support needed when you apply.
Who we are: At Zurich we aspire to be one of the most responsible and impactful businesses in the world and the best global insurer. Together we’re creating a brighter future for our customers, our people and our planet. With over 55,000 employees in more than 170 countries, you’ll feel the support of being part of a strong and stable company who are a long-standing player in the insurance industry. If you're interested in working in a dynamic and challenging environment for a company that recognises and rewards your creativity, initiatives and contributions - then Zurich could be just the place for you. Be part of something great.
Our Culture: At Zurich, our sense of community is strong and we’re particularly passionate about diversity and inclusion. We want our people to bring the whole of themselves to work and ensure everybody is made to feel welcome, regardless of their background, beliefs or culture. We’re passionate about supporting employees to help others by getting involved in volunteering, charitable and community activity. Our charitable arm, Zurich Community Trust, is one of the longest-established corporate trusts in the UK. In that time, we’ve awarded grants and volunteered time to deserving causes in the UK valued at over £90 million.
So make a difference. Be challenged. Be inspired. Be supported. Love what you do. Work for us.
Senior Financial Risk Manager employer: Zurich
Contact Detail:
Zurich Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Senior Financial Risk Manager
✨Tip Number 1
Familiarise yourself with the latest trends in financial and insurance risk, especially around emerging risks and climate change. This knowledge will not only help you during interviews but also demonstrate your passion for the field.
✨Tip Number 2
Network with professionals in the insurance sector, particularly those involved in risk management. Engaging with industry peers can provide valuable insights and may even lead to referrals or recommendations.
✨Tip Number 3
Prepare to discuss your leadership style and experiences in team development. Be ready to share specific examples of how you've fostered a culture of continuous improvement within your teams.
✨Tip Number 4
Practice explaining complex financial concepts in simple terms. Being able to communicate effectively with diverse stakeholders is crucial, so consider role-playing with a friend or mentor to refine your skills.
We think you need these skills to ace Senior Financial Risk Manager
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights your experience in financial risk oversight, particularly within the insurance sector. Emphasise your leadership skills and any relevant achievements that demonstrate your ability to manage teams and drive change.
Craft a Compelling Cover Letter: In your cover letter, express your passion for financial risk management and your understanding of emerging risk trends. Use specific examples from your past experiences to illustrate how you can contribute to Zurich's risk culture and management strategies.
Highlight Analytical Skills: Given the importance of analytical and data visualisation skills in this role, ensure you provide examples of how you've used these skills in previous positions. Mention any tools or methodologies you are familiar with that could be beneficial for the role.
Showcase Communication Abilities: Since excellent communication skills are crucial, include instances where you've successfully explained complex concepts to diverse stakeholders. Highlight any experience you have in writing reports for senior management or boards, as this will be key for the role.
How to prepare for a job interview at Zurich
✨Understand the Role and Responsibilities
Make sure you have a clear understanding of the Senior Financial Risk Manager role. Familiarise yourself with the key responsibilities, such as overseeing risk actuarial teams and enhancing risk culture. This will help you articulate how your experience aligns with their needs.
✨Showcase Your Leadership Skills
As this position requires strong leadership abilities, be prepared to discuss your experience in managing teams and fostering a culture of continuous improvement. Share specific examples of how you've developed team members and driven change in previous roles.
✨Demonstrate Analytical and Communication Skills
Highlight your analytical skills by discussing your experience with data visualisation and trend analysis. Be ready to explain complex financial concepts in simple terms, as effective communication with diverse stakeholders is crucial for this role.
✨Prepare for Scenario-Based Questions
Expect scenario-based questions that assess your problem-solving abilities and decision-making process. Think about past experiences where you had to navigate challenges in financial risk oversight and be ready to share your thought process and outcomes.
