Risk Manager

Main Purpose of the Role:As a risk manager you will leverage your strong quantitative and qualitative skills to enhance and embed the risk management framework. Collaborating with senior leadership and contributing to global risk initiatives, you will play a crucial role in supporting risk governance, reporting, and internal control processes.Context of the Role:As part of a focused Risk team of three, this role offers broad exposure across the business and opportunities for professional development. You will be involved in a wide range of activities that includes internal model validation, ORSA, and regulatory deliverables, while working closely with actuarial, underwriting, and other core functions. The position also involves regular interaction with group-level stakeholders and supports both local and Group-wide risk initiatives.Key Responsibilities:Internal Model Validation:Lead and manage the full lifecycle of the internal model validation process, including planning, execution, documentation and reporting, ensuring its independence, robustness, and adherence to regulatory requirementsProactively identify topics and areas requiring in-depth assessmentUndertake the identified deep dives to analyse these areas and deliver the report to the appropriate governance forums (Risk Committees and Board)Own Risk and Solvency Assessment (ORSA):Contribute to the full ORSA lifecycle, including he development, execution of stress and scenario testing stress and scenario testing, business planning analysis, and risk profile assessments and the documentation of such activitiesRisk Management Framework & Governance:Actively contribute to the maintenance and enhancement of the risk management framework through systematic review, analysis, testing, and reporting on risk and control evaluationsContribute to group-wide risk projects and regulatory deliverables, such as Group Risk & Control Assessments, Group Scenario Testing and Group Deep DivesFacilitate risk assessments across the Group, including the analysis of current mitigations to key risks, identification of emerging risks, root cause analysis, and scenario analysis, reviewed against risk appetite statements and tolerancesSupport the annual cycle of risk and control assessmentsSupport the preparation and delivery of insightful and timely risk reports for internal stakeholders (Risk Committees and Board) and external regulatory bodies (Lloyd’s and PRA)Actuarial & Loss Modelling Liaison:Collaborate effectively with the Actuarial & Loss Modelling Function to ensure that modelled risks are thoroughly understood and effectively embedded within the broader risk management systemStakeholder Management & Challenge:Build and maintain effective relationships with a variety of stakeholders across all business and service units, providing risk management guidance, challenge, and consultationProvide robust and independent challenge of underwriting, loss modelling & actuarial activitiesTraining & Development:Undertake regular training and development initiatives for colleagues to enhance awareness and understanding of risk management principles and practicesCompetencies:Communicating, Negotiating & Influencing:Excellent oral and written communication skills, with the ability to articulate complex risk matters clearly and concisely to various audiencesExperience in presenting and communicating effectively at Committees, Boards, or similar forumsProven ability to tactfully and appropriately question and challenge the business at all levels (including Senior Management and Directors) and present considered and balanced risk opinions, findings, and recommendationsTeamwork & Interpersonal Skills:Highly developed interpersonal skills, fostering collaborative working relationships across diverse teamsFriendly, approachable, and professional demeanourResults Orientation & Execution:Excellent planning and organisation skills, with the ability to manage multiple tasks effectively and drive projects to completion, demonstrating a proactive approach to problem-solving and task managementStrong ability to prioritise workload and meet deadlinesAttention to detail and a commitment to accuracyAbility to work independently, taking responsibility for meeting deadlines and ensuring work is to a high standardAbility to work under pressureA strong focus on completing activities to meet internal and external reporting deadlines, with a pragmatic and solutions-oriented approach and a commitment to developing collaborative relationships with business stakeholdersProblem Solving & Analytical Skills:Demonstrates initiative in identifying and addressing issues, performing thorough analysis, and developing effective solutionsAdopts a pragmatic and proportionate approach to problem-solvingAbility to work effectively with minimal supervisionExperience & Qualifications:Proven experience in risk management within the general insurance industry, ideally with a strong understanding of actuarial principles gained through previous actuarial roles (e.g., pricing, reserving) or close collaboration with actuarial teamsExperience within the Lloyd's Market is highly desirableBroad understanding of the current risk management environment and awareness of key developments in risk management best practiceTechnical understanding of insurance risk principles and practicesExperience in preparing high-quality reports and presentations for Senior Management, Committees, and Board reviewRelevant professional qualification (e.g., CII, IRM, IFoA) or a relevant university degree is required

Created: 2025-07-23