Financial Risk Manager

ZipRecruiter; London; On-site; GBP 60,000 - 100,000; Full time

Job summary

An established industry player is seeking a Financial Risk Manager to enhance their Risk & Compliance function. This newly created role is pivotal in providing oversight of financial risks, including reinsurance and investment strategies. The ideal candidate will be a qualified actuary or a financial risk professional with relevant experience, eager to contribute to a strategic oversight role within a collaborative environment. This opportunity promises to engage you in critical risk management processes while working closely with finance and actuarial teams, ensuring a robust approach to financial risk across the organization.

Qualifications

• Qualified or part-qualified actuary or financial risk professional needed.
• Experience in Solvency II and PRA-regulated context is highly desirable.

Responsibilities

• Provide oversight and assurance of financial risks across the business.
• Support the Group ORSA process, stress testing, and capital planning.
• Liaise with Finance and Actuarial teams to identify emerging risks.

Skills

Financial Risk Management

Actuarial Skills

Capital Planning

Stress Testing

Model Risk Management

Education

Qualified Actuary

Part-qualified Actuary

Equivalent Financial Risk Experience

Job description

Job Description

We are working with a leading general insurance group to recruit a Financial Risk Manager to support their Risk & Compliance function at group level. Reporting to the Head of Financial Risk, this newly created role will play a key part in providing 2nd line oversight of financial risks across the business, including reinsurance, capital, reserves, and investment strategies. Key Responsibilities include but are not limited to:

• Providing 2nd line oversight and assurance of material financial risks, including deep dive reviews and policy updates.
• Supporting the delivery and validation of the Group ORSA process, stress testing, and capital planning.
• Embedding and overseeing the Group's Model Risk Management Framework.
• Liaising closely with Finance and Actuarial teams to challenge key assumptions and identify emerging risks.
• Attending and contributing to forums including Reserving, Investment, and Finance Committees.
• Supporting risk reporting and contributing to Board and Executive Committee papers.

This is an exciting opportunity for a qualified or part-qualified actuary or a financial risk professional with equivalent experience-looking to take on a strategic oversight role within a forward-thinking and collaborative environment. General insurance experience within a Solvency II and PRA-regulated context is highly desirable. Apply below to learn more about this opportunity.