Head of Investment and Solvency Risk.

Lorien; London; On-site; GBP 90,000 - 130,000; Full time

Job summary

A leading financial services client is seeking a Head of Investment and Solvency Risk for their London team for an initial 9-month contract. The role entails second-line oversight of investment and capital management, compliance monitoring, and risk assessment while engaging with regulatory reporting requirements.

Qualifications

• Proven experience in investment and solvency risk management.
• Strong analytical and oversight skills in capital management.
• Ability to provide SME input on climate change impacts on investments.

Responsibilities

• Prepare papers for governance committees and provide oversight.
• Lead the second-line oversight of capital management.
• Monitor the investment portfolio for compliance with allocations.

Skills

Risk Management

Investment Oversight

Capital Management

Regulatory Compliance

Job description

Head of Investment and Solvency Risk.

Our Financial Services client is looking for a highly skilled Head of Investment and Solvency Risk to join their London-based team for an initial 9-month contract.

THIS ROLE SITS INSIDE IR35

Job title: Head of Investment and Solvency Risk.

Business area: Risk and Compliance

Purpose of role:

To provide second-line oversight of the investment, capital management, and reinsurance functions within Finance, and to oversee market, credit, liquidity, and reinsurance risks.

Accountabilities:

1. Prepare papers for ALCO, RMC, BRC, and Board meetings, and provide oversight and challenge at governance committees (e.g., Investment Risk Forum and Credit Risk Forum).
2. Lead the second-line oversight of the client's capital management, including:

• Challenging quarterly Solvency Coverage Ratio and Own Funds;
• Reviewing and overseeing the Own Funds forecast and capital plan, challenging assumptions and projections in the financial plan (excluding internal model validation);
• Drafting and reviewing risk opinions on annual review of contingent management actions and dividend approvals.

Monitor the investment portfolio to ensure compliance with the Strategic Asset Allocation.

Review and provide risk opinions on annual reinsurance placements.

Oversee Solvency Risk, including annual review of risk appetite for the client, UKI, and CIC.

Provide SME input on climate change impacts on investments and market risk.

Support regulatory reporting such as ORSA and SFCR.

Review and update risk policies and frameworks for regulatory compliance.

Develop and maintain risk reporting, KRIs, and MI.

Monitor macroeconomic and geopolitical factors affecting the client.

Stay informed on industry and regulatory developments.

Carbon60, Lorien & SRG - The Impellam Group STEM Portfolio are acting as an Employment Business in relation to this vacancy.