Financial Risk Manager

Posted 21 May 2023
Job type Permanent
Contact NameRichard Williams

Job description

Job Title Risk Manager
Reports to Chief Risk Officer
Team/Department Governance
  1. Job purpose
The Risk Manager will support the Chief Risk Officer (CRO) in maintaining the risk framework, carrying out risk reviews and reporting on business risks. They will work with teams across the business to ensure that financial risks in particular are well-controlled. Continuing to develop risk management and oversight as the business grows will be critical to the firms future success.
  1. Key tasks and responsibilities
  • Maintaining and regularly updating risk policies, in particular the Market Risk, Insurance Risk, Liquidity Risk and Counterparty Default Risk Policies
  • Carrying out risk reviews or deep dives on particular topics
  • Preparing Risk Opinions on business proposals, such as new products and funds
  • Monitoring Key Risk Indicators and preparing monthly risk Management Information
  • Supporting the CRO in preparing the quarterly report to the group’s Audit, Risk & Compliance Committee
  • Supporting the CRO in preparing the annual Own Risk and Solvency Assessment (ORSA) report
  • Offering ideas and suggestions to enhance and improve Risk processes and procedures
  1. Qualifications, Experience, Skills
  • Experience in a financial services risk function or other governance and control-related role is essential
  • Experience of working within a life insurance and/or investment management organisation is desirable
  • Knowledge of general good practice in risk management processes is essential
  • Knowledge of insurance capital management and approaches to managing financial risks is desirable
  • The following skills are essential:
    • Ability to identify key risks and controls/mitigants
    • Preparation of clear, concise management reporting
    • Relationship management with business stakeholders
    • Experience managing policy frameworks
  • The following skills are desirable:
    • Scoping and carrying out reviews of key risk topics, including assessing documentation and interviewing business stakeholders
  1. Competencies
  • Strong communication skills and experience of managing relationships
  • Approachable, collaborative and constructive engagement with the business
  • Analytical flexibility and ability to apply prior knowledge to new scenarios and business models
  • Good self-management, organisation and planning skills
  • Diligence and attention to detail
  • Confidence in developing and articulating own ideas and proposals
  • Willingness to assume responsibility and accountability