Head of Prudential Risk

Bupa

Greater London

On-site

GBP 140,000 - 150,000

Full time

14 days+

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Benefits offered by this job

Generous pension allowance

Family Health Insurance

Life Insurance

25 days annual leave

Job summary

Bupa is seeking a Head of Prudential Risk to oversee solvency, capital, and financial risk management. This role involves leading the Financial & Insurance Risk Management Team and ensuring robust risk practices to support excellent customer outcomes.

Qualifications

Significant post-qualification experience in Healthcare, Life Insurance, or General Insurance.
Proven track record in managing financial and insurance risk.

Responsibilities

Lead the development and implementation of the Risk Management Framework.
Deliver 2nd line validation for the Own Risk and Solvency Assessment.
Oversee risk processes and deliver regular financial risk reporting.

Skills

Analytical Skills

Communication

Stakeholder Management

Education

Qualified Actuary

Job description

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At Bupa, our purpose is to help people live longer, healthier, happier lives and make a better world. As the Head of Prudential Risk, you will play a pivotal role in ensuring the oversight of solvency, capital, financial reporting, and financial risk management at Bupa Insurance Limited (BINS) level.

You will provide leadership and direction to the Financial & Insurance Risk Management Team, ensuring that our financial and insurance risk management practices are robust and effective. This role is crucial to maintaining our high standards and supporting our mission to deliver excellent customer outcomes.

Key Responsibilities

Lead the development and implementation of the Risk Management Framework (RMF) for financial and insurance risk.
Deliver 2nd line validation of numbers supplied for the Own Risk and Solvency Assessment (ORSA).
Provide advice and guidance on risk management to Finance and Actuarial functions
Develop and promote financial and insurance elements of the RMF
Oversee risk processes, Integrated Management System and SAI 360.
Lead 'deep dive' assurance activities for material financial and insurance risks.
Deliver regular financial and insurance risk reporting for Exec decision-making
Stress and scenario testing, pricing, and commercial oversight

What We’re Looking For

Qualified Actuary with significant post-qualification experience in Healthcare, Life Insurance, or General Insurance.
Excellent Solvency 2 / Prudential risk & regulatory knowledge
Significant experience in financial services at a senior level
Proven track record in managing financial and insurance risk and control
Excellent analytical skills with the ability to assess and mitigate risks effectively.
Strong communication and stakeholder management skills.
Experience in leading and managing teams, with a focus on developing talent and promoting a positive culture.

Our benefits are designed to make health happen for our people. Viva is our global wellbeing programme and includes all aspects of our health – from mental and physical, to financial, social, and environmental wellbeing. We support flexible working and have a range of family-friendly benefits.

Joining Bupa in this role you will receive the following benefits and more:

Generous pension allowance (contributory)
Family Health Insurance
Life Insurance
25 days annual leave (option to buy / sell 5 days a year)

Why Bupa

We’re a health insurer and provider. With no shareholders, our customers are our focus. Our people are all driven by the same purpose – helping people live longer, healthier, happier lives and making a better world. We make health happen by being brave, caring, and responsible in everything we do.

We encourage all of our people to “Be you at Bupa”, we champion diversity, and we understand the importance of our people representing the communities and customers we serve. That’s why we especially encourage applications from people with diverse backgrounds and experiences.

Bupa is a Level 2 Disability Confident Employer. This means we aim to offer an interview/assessment to every disabled applicant who meets the minimum criteria for the role. We’ll make sure you are treated fairly and offer reasonable adjustments as part of our recruitment process to anyone that needs them.

If you require information regarding this role in an alternative format, please email: careers@bupa.com

Seniority level

Seniority level
Mid-Senior level

Employment type

Employment type
Full-time

Job function

Job function
Finance
Industries
Insurance

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