First Line Security Risk Manager

Starr Underwriting; London; On-site; GBP 60,000 - 90,000; Full time

Job summary

A leading company in the financial services sector is seeking a proactive First Line Security Risk Manager to implement security risk practices across the organization. The role involves managing risk assessments, compliance with regulations, and ensuring operational effectiveness. The ideal candidate will have significant experience in security risk management and regulatory understanding, contributing to the organization's safety and compliance efforts.

Qualifications

• Proven experience in financial services or a regulated industry.
• Strong understanding of ISO 27001 and NIST standards.
• Experience with risk and control frameworks like IRAM2 and FAIR.

Responsibilities

• Conduct and document security risk assessments across systems.
• Manage the Group security risk register and track mitigation.
• Liaise with stakeholders for assessing residual risk.

Skills

Risk Assessment

Governance Processes

Information Security Principles

Regulatory Compliance

Collaborative

Education

Minimum 5+ years in Security Risk Management

Job description

First Line Security Risk Manager

Department: IT Operations

Employment Type: Permanent - Full Time

Location: London

Reporting To: Kirsty Kelly

Description

We are seeking a proactive and experienced First Line Security Risk Manager to lead the implementation and management of information security risk practices across our organisation. In this role, you will be the first line of defense for security risk management and play a critical part in ensuring security governance, policy compliance, and operational risk ownership across business functions.

You will report directly to the Group CISO and work closely with business units, IT, compliance, and audit to ensure security risks are effectively identified, assessed, documented, and mitigated in line with our overall risk appetite.

About the role

The ideal manager for this position will lead and maintain the first line Information Security Risk Management function. Additionally, this person will be responsible for:

• Conducting and documenting security risk assessments across systems, projects, and processes.
• Owning and managing the Group security risk register, ensuring timely updates, mitigation tracking, and escalation where required.
• Working closely with the 2nd line to manage security risks across the group.
• Supporting the Group CISO in risk reporting to executive stakeholders.
• Managing the exception to security policy process, including risk-based reviews, documentation, approvals, and renewals.
• Liaising with business stakeholders to assess and document residual risk where security standards cannot be met
• Supporting the creation, maintenance, and review of security policies and procedures to ensure alignment with regulatory, industry, and business requirements.
• Mapping security policies to procedures and controls to ensure clear operational accountability.
• Facilitating awareness and compliance of security policies across business units
• And many other security-related activities!

About you

The ideal candidate for this position will have:

• Hands-on experience managing risk assessments, policy exceptions, and governance processes.
• Proven experience (minimum 5+ years) in security risk management, essential that this is within financial services or a regulated industry.
• Strong understanding of information security principles, standards (e.g., ISO 27001, NIST), and regulatory requirements (e.g., NYDFS, GDPR).
• Experience with risk and control frameworks (e.g., IRAM2, FAIR, COBIT) essential.
• Working knowledge of global regulations: GDPR, DORA, APRA CPS 234, CCPA, etc.
• Strong familiarity with UK and international regulatory frameworks in the US, Europe and Australia.
• Adept at translating complex regulatory or technical requirements into practical business-aligned risk management principles.
• Collaborative, adaptable, and capable of operating across time zones and cultures.
• Comfortable working with audit and compliance stakeholders during assessments, certifications, or investigations.

Core Values

Love what you do:
We show up each day ready to take on the world. Our passion and intensity set us apart and makes the difference to our colleagues, customers, brokers and carriers.

Challenge everything:
We’re never afraid to question the way that things are done and we constantly challenge ourselves and others to makes things better.

Have fun, be good:
Insurance is a serious business, but we don’t take ourselves too seriously. We make it fun to work at CFC, we welcome all viewpoints, and we treat everyone how we would expect to be treated.