Financial Risk Manager - CER Financial

ZipRecruiter; City Of London; On-site; GBP 85,000; Full time

Job summary

A leading insurance company located in the City of London is seeking a Financial Risk Manager to support the CRO and oversee the company's financial risk management strategies. The ideal candidate will have at least 5 years of experience in finance or related fields and a strong understanding of Solvency II requirements. This is a permanent position offering a salary of up to £85k.

Qualifications

• At least 5 years’ work experience in finance, actuarial, risk management or related areas.
• Familiarity with the requirements of Solvency II and capital modeling.

Responsibilities

• Support the CRO in developing the annual risk management plan.
• Oversee the company’s management of key financial risks.
• Provide risk management leadership and training.

Skills

Financial risk management methods

MS Suite (Excel, Word, PowerPoint, Access)

Commercial understanding

Education

Bachelor's degree in finance, economics, risk management, actuarial or related fields

Job description

Overview

Financial Risk Manager – City of London – Permanent – Up to £85k

cer Financial are working alongside an insurance company who are based in the City of London. They are seeking a Financial Risk Manager to work with them on a permanent basis.

Responsibilities

• Report to the CRO and act as their delegate as necessary.
• Support the CRO in development of the company risk management strategy.
• Support the CRO in developing and delivering the annual risk management plan.
• Represent the risk management function at key governance committees, including the executive risk management committee.
• Oversee the effective operation of the company’s management of key financial risks relating to capital, liquidity, reserves/technical provisions, investments, pricing, reinsurance etc, working with executive risk owners and senior management to assist them in meeting their responsibilities.
• Provide oversight and challenge of the company’s underwriting portfolio, business plans, balance sheet, investment portfolio, and Solvency II (standard formula) SCR calculation.
• Support the quantitative assessment of risk under the company’s enterprise risk management framework.
• Support the annual review and setting of risk appetite at the Board. Oversee the cascade and monitoring of risk appetite across the business.
• Provide oversight and challenge of the company’s risk mitigation activity.
• Provide oversight and challenge of the company’s stress and scenario testing activity.
• Provide risk management leadership, guidance, advice, and training to the company.
• Support the company in special projects and initiatives, providing risk management leadership and challenge.
• Lead the production of internal and external risk management and Solvency II reports.
• Work with the compliance, actuarial, and internal audit functions to ensure the effective operation of the assurance functions and second line of defence.
• Engagement with members from different business functions to set risk appetite and tolerance on annual basis and submit for board approval.

Requirements / Qualifications

• At least 5 years’ work experience of finance, actuarial, risk management or related work in general insurance market.
• Bachelor's degree or above in finance, economics, risk management, actuarial or related fields.
• Good understanding of financial risk management methods and principles.
• Broad finance, actuarial, or risk management background who is familiar with the day-to-day operations of an Insurance company
• Good knowledge of the requirements of Solvency II and capital modelling
• Excellent in MS Suite (e.g. Excel, Word, PowerPoint and Access).
• Strong commercial understanding and business awareness.