Head of Prudential Risk

Bupa; Staines-upon-Thames; Hybrid; GBP 80,000 - 120,000; Full time

Job summary

Join a forward-thinking health insurance provider as the Head of Prudential Risk, where you will lead risk management practices and ensure robust financial oversight. This pivotal role involves developing frameworks, conducting stress testing, and guiding senior management in risk assessment. With a focus on fostering a positive culture and developing talent, you will play a crucial part in delivering excellent customer outcomes. Enjoy a competitive salary, generous benefits, and the opportunity to make a real impact in a company dedicated to health and wellbeing.

Benefits

25% Management Bonus eligibility

Car Allowance

Generous contributory pension scheme

Family Health Insurance

Life Insurance

25 days annual leave

Corporate discounts

Qualifications

• Qualified Actuary with significant experience in Life, General or Health Insurance.
• Proven track record in managing financial and insurance risk and controls.

Responsibilities

• Lead the development and implementation of the Risk Management Framework.
• Deliver regular financial and insurance risk reporting for Executive decision-making.

Skills

Solvency II knowledge

Risk management

Analytical skills

Stakeholder management

Team leadership

Education

Qualified Actuary

Job description

Job Description:

Head of Prudential Risk
Competitive Salary & bonus / benefits
London / Hybrid
Permanent
37.5 hours per week

We make health happen

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

1. Lead the development and implementation of the Risk Management Framework (RMF) for financial and insurance risk.
2. Deliver 2nd line validation of numbers supplied for the Own Risk and Solvency Assessment (ORSA).
3. Provide advice and guidance on risk management to Finance and Actuarial functions.
4. Oversee risk processes, Integrated Management System and SAI 360.
5. Lead 'deep dive' assurance activities for material financial and insurance risks.
6. Deliver regular financial and insurance risk reporting for Executive decision-making.
7. Conduct stress and scenario testing, oversee pricing and commercial activities.

What We’re Looking For

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

Benefits

Our benefits are designed to promote health and wellbeing. Viva, our global wellbeing programme, covers mental, physical, financial, social, and environmental health. We support flexible working and offer various family-friendly benefits.

Joining Bupa in this role includes benefits such as:

• 25% Management Bonus eligibility
• Car Allowance
• Generous contributory pension scheme
• Family Health Insurance
• Life Insurance
• 25 days annual leave, with options to buy or sell 5 days
• Corporate discounts (retail, travel, gym memberships)

Why Bupa

As a health insurer and provider with no shareholders, our focus is on our customers. Our team is driven by a shared purpose: helping people live longer, healthier, happier lives, and making a better world. We foster a culture of bravery, caring, and responsibility.

We embrace diversity and encourage applications from individuals of all backgrounds to reflect the communities we serve.

Bupa is a Level 2 Disability Confident Employer, committed to fair treatment and reasonable adjustments for disabled applicants.

If you need this information in an alternative format, please contact: [e-mail]

Time Type:

Full time

Job Area:

Legal, Risk & Audit

Locations:

Angel Court, London, Staines - Willow House