Senior Risk Manager (Insurance) - 12 months

London, England, United Kingdom

Senior Risk Manager (Insurance) - 12 months 

The role has accountability for ensuring the effective management of the financial risks faced by my insurance client. 


  • Identify, assess and review  the financial risks faced 
  • Provide robust risk oversight and challenge to the functions responsible for managing financial risks, making recommendations for improvements in the control environment where necessary.
  • Develop and maintain strategic relationships with the C-suite and Heads of business functions. Proactively influence the Senior Stakeholders in ensuring the effective management of financial risks for which they retain accountability.
  • To design and implement an effective governance framework, ensuring there is appropriate oversight in place so that my client continues to meet Sovency II regulatory requirements
  • Ensure senior stakeholders have transparency over progress and issues
  • To manage the Change process. Ensure that the assessment and governance of changes takes place in an effective and efficient fashion and in accordance with Solvency II regulations.
  • Ensure internal stakeholders and the PRA are informed of developments
  • Accountable for delivery of interaction areas owned by Risk Management: capital elements of the ORSA (including setting central economic capital), Use Test (including Franchise Board training),  stress testing 
  • To ensure the Risk Management team responds effectively to required or recommended improvements, including from Internal Audit, Validator, regulators, independent reviews or internal self-assessments
  • To build and maintain good relationships with all relevant Corporation departments, including ‘Heads of’ functions where appropriate.  Most notably, building strong relationships with the Chief Finance Officer
  • To respond with agility to requests (i.e. adhoc projects) from the Chief Risk Officer or Head of Risk Management


The role holder is also expected to –

  • Deliver responsibilities in line with all relevant risk appetites, policies, reporting and when applicable, membership on or input to risk committees.


  • Expert knowledge of:
    • Risk management and Solvency II requirements
    • Capital modelling / management Financial Risk inclusive of core insurance risk
  • Good understanding of the insurance industry and the Lloyd’s market
  • Strong understanding and confidence in utilising leadership and management skills
  • A fully qualified actuary with expert experience of capital models including their use, governance, validation and improvement
  • Experience in leading high performing teams to successful risk management outcomes
  • Experience in dealing with complex regulatory communication and negotiation
  • Experience in managing senior stakeholders including challenging or unsupportive stakeholders
  • Experience in managing challenging people management issues
  • Strong experience of risk management frameworks, tools and processes
London, England, United Kingdom London England GB