Non-Financial Risk Manager

PIC; London; On-site; GBP 50,000 - 90,000; Full time

Job summary

An established industry player is seeking a Non-Financial Risk Manager to enhance their risk management capabilities. This role involves collaborating with various teams to analyze and improve operational resilience and compliance with regulations. You will take ownership of your development while ensuring accurate reporting and stakeholder engagement. The company offers a competitive salary and a range of benefits, including private medical insurance and generous annual leave. If you're passionate about risk management and want to make a significant impact, this opportunity is perfect for you.

Benefits

Private medical insurance

28 days' annual leave

Generous pension scheme

Performance-related bonus plan

Qualifications

• Strong technical knowledge of Operational Risk Frameworks and non-financial risks.
• Experience in risk management roles within financial services.

Responsibilities

• Conduct thorough analysis of risk management documentation and reporting.
• Collaborate with teams to ensure effective risk oversight and monitoring.

Skills

Operational Risk Frameworks

Non-Financial Risks

Regulatory Compliance

Data Analysis

Relationship Management

Education

Professional Qualification

Job description

• The role requires the ability to effectively collaborate with other members of Risk, Business Services (Operational Resilience, Change, and Third Party and Outsourcing (TP&O)) to secure buy-in for oversight and monitoring, and implement improvements to systems, processes, and technology, as appropriate.
• To apply knowledge and insights concerning Non-Financial Risk, including Operational Resilience, Change and TP&O, Operational Risk, IT and systems risk and Conduct Risk, and how this impacts our policyholders.
• To provide challenge to the first line, reviewing Management Information, testing and other documentation to ensure a high degree of accuracy and regulatory compliance.
• To deliver good outcomes for the business, policyholders, shareholders, and other stakeholders.
• Our Company values are expected to be reflected in the delivery and performance of every role.

Specific accountabilities assigned to the role of Non-Financial Risk Manager within Risk

• Conduct thorough analysis of first line tests, papers and Management Information, particularly review of Third-Party assessments, Exit plans, Operational Resilience scenario tests, mapping and vulnerabilities.
• Responsible for the successful delivery of routine reporting for the NFR team, input into Risk and Control Self Assessments (RCSA) process, Own Risk and Solvency Assessment (ORSA) scenario process and event management as required.
• Collaborate with and support the rest of the team, both the Operational Risk Managers and the Non-Financial Risk Leads, to ensure good coverage of business as usual workload, and assist with specific deep dives, projects, new deals, or field work where necessary.
• Prepare comprehensive reports reflective of the intended audience that demonstrate sound analysis and recommendations for Operational Risk, Management Risk and Board Risk Committees.
• Effectively collaborates with both the Non-Financial Risk team, the wider Risk team and the first line.
• Takes ownership for their own learning and development in both technical (e.g. data analysis and critical judgement) and non-technical (self-insight and relationship management) skills of Non-Financial Risk Management.
• Keeps informed of industry trends, market developments, regulatory changes in the public and private sectors, as well as best practice related to Non-Financial Risk Management by attending industry seminars, reading and sharing relevant published articles.

Requirements

Knowledge

• Good technical knowledge of Operational Risk Frameworks.
• Good technical knowledge of business processes, standards, policies and procedures.
• Good knowledge of relevant legal and industry requirements.
• Good knowledge of non-financial risks.
• Good knowledge of Operational Resilience regulations.
• Good knowledge of best practice for change.

Experience

• Professional qualification useful but not essential.
• Prior experience of a risk management role in a relevant financial services entity (insurance, asset management, banking).
• Familiarity with the UK regulatory environment.
• Experience in developing good relationships with stakeholders.
• Experience of delivering high standard good quality management information, documentation and reporting.

Benefits

In addition to a competitive base salary and the opportunity to participate in our annual, performance-related bonus plan, upon joining us here at Pension Insurance Corporation, you will get access to some great benefits, including private medical insurance, 28 days' annual leave (excluding bank holidays), a generous pension scheme and much more.