Business Risk Manager / Enterprise Risk Manager - Insurance / Reinsurance / Broking Business Risk Manager / Enterprise Risk Manager -  …

Alexander Ash GmbH
in London, England, United Kingdom
Permanent, Full time
Be the first to apply
£75,000 - ££80,000
Alexander Ash GmbH
in London, England, United Kingdom
Permanent, Full time
Be the first to apply
£75,000 - ££80,000
Alexander Ash GmbH
Business Risk Manager / Enterprise Risk Manager - Insurance / Reinsurance / Broking

Our client a global insurance firm is currently recruiting a Business Risk Manager to join their team in London. The Business Risk Manager will be primarily responsible for facilitating the business in assessing material risk across the business units and ensuring that appropriate ownership and action is taken where risks are incurred outside of the accepted risk appetite.

Your impact as a Business Risk Manager:

  • Facilitation and challenge of the regular risk assessments for the Division in line with enterprise risk management framework
  • Supported by the ERM Team where needed, work with the Division(s) and associated Business Unit(s) to facilitate the identification, assessment and management of risks through the consistent application of the risk assessment process
  • Promoting an appropriate risk culture across the division (s) and business unit(s)
  • Review and challenge the process within the business unit
  • Coordinating and providing effective, timely and succinct reporting to the Risk & Compliance Relationship Mangers and to the CRO on the risk profile of the Division/business units, including risk appetite and management action
  • Ensuring the internal control process remains high on the agenda of senior and line managers
  • Provide challenge to the business units on the adherence to risk appetite statements and limits, as devolved to the Division / Business Unit(s)
  • Production of timely and relevant risk MI for the Division / Business Unit(s)
  • Provide support to key projects and/or initiatives to ensure that the appropriate risk materiality assessment is completed and provide challenge to the business to ensure adequate risk management is taking place and that escalation is timely
  • Provide training to the business on risk and control assessment, and for risk escalation and reporting processes
  • Facilitate the escalation processes in accordance with enterprise risk management policy for potential losses, risks and breaches of appetite, the maintenance of a local log, assisting the business in conducting root-cause analysis and monitoring and challenging progress against remedial action plans (including control enhancements)

Your knowledge and expertise:

  • Preferably to Degree level (but not essential if sufficient practical experience in risk management)
  • Either Associate (or above) of Chartered Insurance Institute or qualified member of the Institute of Risk Management (or studying for)
  • Significant understanding of the specific business undertaken by the Division
  • Strong communication and influencing skills
  • Personal credibility and obvious gravitas
  • Desire to analyse business issues and risks with a view to improving business performance
  • Strong risk management experience (where possible. Strong Champions with limited risk management experience can be supported whilst learning these skills)
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