Chief Risk Officer – 27937

TN United Kingdom; London; On-site; GBP 60,000 - 100,000; Full time

Job summary

An established industry player is seeking a seasoned Risk Management professional to lead their group risk management team. This pivotal role involves overseeing the risk management framework, developing risk and control registers, and ensuring compliance with regulatory standards. With a focus on sustainability and the financial impacts of climate change, this position offers a unique opportunity to influence key market initiatives. The ideal candidate will possess extensive experience in the Lloyd’s insurance market and demonstrate a robust understanding of risk appetite and key risk indicators. Join a forward-thinking organization dedicated to excellence in risk management.

Qualifications

• Relevant Risk Management qualification is desirable but not essential.
• 10+ years of industry experience required.

Responsibilities

• Manage the group risk management team and framework.
• Monitor and develop the risk and control register.
• Prepare Own Risk and Solvency Assessment (ORSA) reports.

Skills

Risk Management

Regulatory Framework Understanding

Risk Appetite Analysis

Market Initiatives Assessment

Education

Risk Management Qualification

Job description

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Key Duties (including but not limited to):

• Responsible for the operational management of the group risk management team and the group risk management framework
• Responsible for the monitoring and development of the risk and control register including reviewing sources of risk, risk response strategies and the effectiveness of the controls used to mitigate the risk(s) to the business
• Responsible for the risk appetite and key risk indicator (KRI) frameworks including trended analysis of current assessments and an analysis of change against agreed tolerances/limits
• Responsible the preparation of the Own Risk and Solvency Assessment (ORSA) reporting requirements including the annual ORSA report to Lloyd’s
• Responsible with market initiatives including Sustainability/ESG and assessing the financial impacts from climate change

Qualifications required:

• Holds a relevant Risk Management qualification (e.g., The International Certificate in Financial Services Risk Management etc.) desirable, but not essential

Experience required:

• A detailed understanding of the Lloyd’s insurance market and the regulatory framework in which it operates
• Minimum 10 years relevant industry experience
• Lloyd’s and/or MGA experience would be advantageous