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Insurance & Financial Risk Manager – Banking / Insurance

  • Location: United Kingdom
  • Salary: £55,000 - £65,000 per year
  • Job Type:Permanent

Posted 2 months ago

  • Sector: Compliance
  • Contact: Kirstie Burn
  • Contact Email: kburn@merje.com
  • Expiry Date: 30 September 2021
  • Job Ref: KBU/17755

Working closely with the Head of Risk and CRO, this role will be helping with developing and embedding a robust risk management framework across Actuarial, Finance, Pricing & Underwriting & Claims functions.

 

Key responsibilities will be:

  • Foster the development of the organisation’s Insurance & Financial Risk appetite to ensure they are aligned to the company’s strategy in order to advise business decision making

  • Co-ordinate ORSA Stress & Scenario testing

  • Assist in the development and delivery of the annual Model Validation Plan, ensuring appropriate alignment with external Validation activity

  • Providing second line of defence oversight of and challenge to the business to identify, measure, handle, supervise and report on key Insurance & Financial risks.

  • Promote awareness of risk management and understanding across the business.

  • Actively propose and assist in the implementation of improvements to overall data analytics.

  • Provision of experienced support and advice; providing a risk opinion where required

 

 

Degree or equivalent qualification or experience in a related subject area, e.g. finance, insurance, actuarial

  • Depth of knowledge of the insurance sector; able to demonstrate an understanding of how business operates and key business processes

  • Breadth of knowledge of risk management frameworks and methodology with detailed knowledge and experience of Solvency II; understands current trends and UK regulation, this is desirable.

  • Significant track record of delivery as the strategic or operational risk lead/ subject matter authority.

  • Able to demonstrate an understanding of pricing/reserving and impact on capital allocation/efficiency

  • Knowledge of both the Prudential Regulation Authority (PRA) and Financial Conduct Authority (FCA) regulatory framework and compliance/governance requirements

  • Significant theoretical and practical understanding of risk identification and control Methodologies

  • Intellectually agile, good analytical skills and validated ability to think laterally

  • Able to challenge constructively across all business levels; naturally curious with good investigative skills and influence key decision makers when required

  • Able to develop positive working relationships and work optimally with a wide range of partners, both internal and external

  • Able to exercise good judgement and decision making