Enterprise Risk Manager

Utmost Group; Greater London; On-site; GBP 70,000 - 90,000; Full time

Job summary

A leading company in the UK is seeking an Enterprise Risk Manager to oversee the risk management framework, ensuring compliance with regulations and effective risk oversight. The role involves collaborating with stakeholders to enhance risk policies and conducting risk assessments. Ideal candidates will have financial services experience and a strong understanding of operational risk management.

Qualifications

• Experience in financial services and UK regulatory environment.
• Understanding of operational risk management frameworks.

Responsibilities

• Oversee the enterprise risk management framework and its operation.
• Prepare regular Risk MI for governance committees.
• Support the CRO in maintaining effective risk management frameworks.

Skills

Communication

Risk Management Analysis

Problem Solving

Education

Financial Services Experience

Regulatory Environment Experience

Operational Risk Management Understanding

Job description

Vacancy Name
Enterprise Risk Manager

Vacancy No
VN570

Location Country
United Kingdom

Work Location

Job Details

ERM Framework and Policies

• Assist in ensuring the company's enterprise risk management framework is appropriately designed and documented, and oversee its operation.
• Be the second line expert on our Risk System, develop and maintain use of the system including MI.
• Engage with stakeholders to ensure risk policies and frameworks are aligned with group standards and requirements, updated and accessible.

Risk Incident and RCSA Processes

• Oversee and provide guidance on the operation of the Risk Incident reporting and management process, including action tracking and root cause analysis.
• Prepare regular Risk Incident and RCSA MI for risk governance committees.
• Deliver an ongoing programme of quality assurance over the 6-monthly Risk and Control Self-Assessments (RCSAs) cycle and assess improvement plans.

Risk Review and Oversight

• Contribute to second line review, challenge, and reporting on project, commercial, and strategic proposals.
• Provide oversight of the first line's management of third-party suppliers and risks.
• Undertake operational risk-related risk assessments and deep dive reports to provide assurance on risks and controls relating to non-financial risks (including customer risks).
• Perform broader enterprise risk oversight and support the CRO in maintaining an effective Enterprise Risk Management Framework and Risk Appetite Framework, including in respect of emerging risks and operating resilience.

Risk MI and ORSA

• Prepare regular Risk MI that helps monitor the company's risk profile, liaising effectively with stakeholders to validate and understand data, and monitor improvement actions.
• Develop, review and monitor non-financial risk appetites, limits and scenarios, content within the ORSA process and report.
• Support the CRO in preparing the ORSA Report, planning and coordinating content, presentations and training.

Risk training

• Work with stakeholders across the business to identify and understand risk-related training needs, and support the CRO and management in meeting these needs.
• Comply with the FCA's conduct (and senior conduct) and Consumer Duty rules and the PRA's conduct (and senior manager conduct) standards as set out.
• Support the CRO and CEO in notifications the regulator(s) of matters reasonably expected to be notified.

Core Competencies

• Ability to develop effective solutions to issues/problems.
• Good communication skills (written and verbal) and ability to build relationships.
• Good risk management analysis skills/understanding of risk.
• Pro-active, self-motivated and able to assimilate new skills/information quickly.
• Well-organised, good attention to detail, able to prioritise effectively, work independently and work to deadlines.

Experience and Qualifications

• Financial Services experience.
• Experience of the regulatory environment in the UK.
• Understanding and experience of operational risk management and broad enterprise risk management, and their associated risk management frameworks and processes.
• Previous risk management experience (1st and/or 2nd line).

Key Responsibilities

Key Tasks

Key Requirements

Target Grade
ULP Level 3

Group
Utmost Group Limited

Company
Utmost Life & Pensions UK

Entity
ULP UK

Business Department
ULP - Risk

Team

Control Function (CF)

Standard hours per week
35

Regulated Role
No

Employment Type
Full-Time

Duration