My client is a global insurance corporation based in the City of London. Due to an internal move, we are assisting in the recruitment of a Risk Officer to take the lead on operational risk.
This is a varied and highly visible role that will see you work very closely with the Head of Enterprise Risk Management.
You will be supporting the running of the risk department, including the management of deadlines and forward planning for a strong risk identification, assessment, and reporting process, as well as managing operational risk in line with the Group's Risk Management Framework. Finally, you will promote the implementation of the Risk Management Framework across the business of scenario testing for the ORSA, validation, and regulatory stress tests purposes.
Responsibilities include:
Development of, implementation of, administration of, and compliance with the company's risk framework and risk management processes and procedures. Annual review and update of risk frameworks and policies. Planning and conducting the quarterly Risk & Control Self-Assessment process. Conducting the ORSA process including the production of quarterly and annual reports. Development and maintenance of the Risk Register, ensuring that it is accurate, up to date, holds risk data to the appropriate level of detail and is properly used in the business. Managing a team of Risk Analysts and taking responsibility for coaching, mentoring, and providing oversight and feedback on all work. This is a hands-on role and from time to time you will also undertake operational risk reviews ('deep dives') across the business. Strong relationship management and communication skills will be key for this role as you work alongside the business and get involved with all aspects including projects. The successful applicant will have a background in risk and insurance specifically, and any experience in Lloyds would be deemed highly advantageous. The City of London risk team works in a hybrid manner with 3 days in the office each week. The interviews will take place in person. £65-75k + benefits. Please note that applicants must have demonstrable UK insurance experience. This role does not offer sponsorship, and only candidates with the full right to work in the UK without sponsorship can be considered.
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Development of, implementation of, administration of, and compliance with the company's risk framework and risk management processes and procedures. Annual review and update of risk frameworks and policies. Planning and conducting the quarterly Risk & Control Self-Assessment process. Conducting the ORSA process including the production of quarterly and annual reports. Development and maintenance of the Risk Register, ensuring that it is accurate, up to date, holds risk data to the appropriate level of detail and is properly used in the business. Managing a team of Risk Analysts and taking responsibility for coaching, mentoring, and providing oversight and feedback on all work. This is a hands-on role and from time to time you will also undertake operational risk reviews ('deep dives') across the business. Strong relationship management and communication skills will be key for this role as you work alongside the business and get involved with all aspects including projects. The successful applicant will have a background in risk and insurance specifically, and any experience in Lloyds would be deemed highly advantageous. The City of London risk team works in a hybrid manner with 3 days in the office each week. The interviews will take place in person. £65-75k + benefits. Please note that applicants must have demonstrable UK insurance experience. This role does not offer sponsorship, and only candidates with the full right to work in the UK without sponsorship can be considered.
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