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Operational Risk Manager – Life / Insurance - FTC

  • Location: Hampshire
  • Salary: £65,000 - £75,000 per year
  • Job Type:Contract

Posted 20 days ago

  • Sector: Risk Management
  • Contact: Kirstie Burn
  • Contact Email:
  • Contact Phone: 02036371603
  • Expiry Date: 02 April 2023
  • Job Ref: KBU/9920

Focused in the Life industry, this firm has been established for over 100 years and is going through an integration project, leading to require extra specialist compliance expertise for the management of key deliverables during this period of transition.

This role supports the fulfilment of the Function’s mission, which is to provide assurance of an effective Risk Management System and Line 2 oversight of all material risks carried by UK, and in doing so to contribute to the achievement of its business objectives for its customers and shareholder.

Specifically, this role has general responsibilities for the oversight and reporting of the management of operational risk, with deeper responsibilities for the challenging of the business’s management of operational resilience, cyber risk, and third-party risk management. The role:

  • Line 2 oversight, analysis, assessment (including the Risk Plan) and reporting of operational risks and related risk appetites carried by UK

  • Line 2 oversight of the Operational Resilience programme as it progresses to maturity, and effective partnering with Line 1 to derive effective solutions as required

  • Line 2 oversight of cyber risk profile, and effective partnering with UK IT/Cyber Line 1 in deriving risk mitigations and developing cyber risk appetite as required

  • Line 2 oversight of the Third-Party Risk Management framework and compliance with the policy

  • Support to the Line 2 assessment of regulatory change related to operational risks

What we are looking for:

  • Great communicator, written and verbally, to a wide range of stakeholders including senior management

  • Able to take complex data and information from subject matter experts, assimilate, question, and understand it, and summarise and present it in a format suitable for the audience

  • Inquisitive and Analytical, being able to look beyond the initial view and seek out the 2nd and 3rd order issues

  • Recent application of one or more of the following disciplines related to operational risk management:

    • UK Regulations as set out by the Financial Conduct Authority

    • UK Regulations as set out by the Prudential Regulation Authority

    • Credible experience of managing operational risk including but not limited to third party management, cyber risk, and operational resilience programmes

Please note, should feedback not be received within 28 days due to the large volume of applications, unfortunately, your application has been unsuccessful. However, we may be in touch with similar relevant opportunities.