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Head of Risk & Compliance (Home based)

  • Location: United Kingdom
  • Salary: up to £70,000 + Benefits per year
  • Job Type:Permanent

Posted about 1 month ago

​Our client is a long standing and highly respected General Insurance business. The firm are now looking to recruit the key role of Head of Risk & Compliance. In this role you will lead the function, in order to develop and manage a risk-based compliance programme and establish a risk function across all group companies, ensuring the group have an efficient and operational governance, risk and compliance framework.

Key Responsibilities:

• Lead on the development of, and manage the risk management framework across all business functions.

• Ensure risks are identified, analysed, appropriately treated, monitored and recorded.

• Develop and manage a risk incident programme.

• Compile and integrate an appropriate risk appetite in collaboration with the Board and key stakeholders.

• Develop and maintain effective business continuity and disaster recovery plans ensuring operational resilience, liaising with relevant business functions; ensuring they are tested regularly and resultant actions are completed.

• Develop and main the Group’s Risk Registers.

• Design and implement MI and reporting to monitor risks and performance against risk appetite.

• Lead on risk strategy development.

• Lead on the implementation of the Issues/Risks Database for control/risk issue resolution. Monitor and report on issue management to ensure control improvement plans are delivered on time.

• Collaborate and provide direction on the risk programme for outsourced activities, suppliers, and sub-brokers ensuring appropriate due diligence is in place.

• Perform risk assessments across all business functions.

• Researching industry best practice and contributing knowledge to the ongoing development and improvement of risk and data analysis and reporting.

• Collaborate with the internal audit function to ensure audits are carried out on key risks, and risks identified in audits are appropriately recorded and managed.

The Ideal Candidate:

• This role is expected to evolve into a predominately risk-based role – therefore significant risk experience is required, preferably within the insurance industry.

• Compliance experience, with comprehensive knowledge of FCA regulations.

• The ability to support and influence colleagues in relation to their compliance and risk responsibilities.

• Experience of performing in and / or leading highly effective teams; identifying / implementing improvements to operating methodologies and inspiring excellent performance.