Operational Risk Manager- Insurance

ZipRecruiter; London; On-site; GBP 60,000 - 95,000; Full time

Job summary

A leading independent group in insurance seeks a Risk Manager to oversee operational risk within its wholesale commercial business. The role focuses on implementing and enhancing the Governance, Risk, and Compliance framework, ensuring robust risk management practices while engaging with stakeholders at all levels.

Qualifications

• 5-10 years' experience in risk management, preferably in insurance.
• Strong understanding of UK regulatory requirements.
• Additional certifications (e.g., IRM, CII) are desirable.

Responsibilities

• Lead identification, assessment, and mitigation of operational risks.
• Support the deployment and continuous improvement of the GRC framework.
• Prepare and present risk reports to senior leadership.

Skills

Analytical

Communication

Stakeholder Management

Commercial Awareness

Education

Relevant degree in Risk Management, Finance, or Business

Job description

Job Description

I am working with a leading independent group that provides insurance and reinsurance solutions-including broking, underwriting, and direct services-to large commercial clients worldwide. They are seeking a Risk Manager to oversee operational risk within their wholesale, commercial business, focusing on the UK regulatory environment, and to support the ongoing deployment and enhancement of their Governance, Risk, and Compliance (GRC) framework.

Operational Risk Manager/Enterprise Risk Manager - Insurance

I am working with a leading independent group specialising in insurance and reinsurance solutions for large commercial clients looking for a Risk Manager to join their team.

Role Overview

The successful candidate will report directly to the Group Chief Risk Officer and will be responsible for overseeing operational risk within a dynamic, wholesale commercial environment. The role will focus on the ongoing implementation and enhancement of the Governance, Risk, and Compliance (GRC) system, ensuring robust risk management practices are embedded across the business.

Key Responsibilities

• Operational Risk Oversight: Lead the identification, assessment, and mitigation of operational risks, ensuring alignment with the organisation's risk appetite and regulatory requirements.

• Framework Development: Support the deployment and continuous improvement of the GRC framework, promoting a risk-aware culture throughout the business.

• Wholesale/Commercial Focus: Provide specialist risk management support to teams handling large-scale, complex transactions and relationships with major commercial clients.

• Business Continuity: Contribute to business continuity planning and resilience initiatives, preparing the organisation for potential disruptions.

• Stakeholder Engagement: Collaborate with senior management, business units, and external stakeholders to communicate risk insights and drive effective risk management strategies.

• Regulatory Compliance: Maintain up-to-date knowledge of UK regulatory requirements and ensure the organisation's risk policies and practices remain fully compliant.

• Risk Reporting: Prepare and present risk reports to senior leadership, highlighting key risks and recommending actions to mitigate them.

Person Specification

• Experience: 5-10 years' experience in risk management, preferably within the insurance, reinsurance, or financial services sector, with exposure to wholesale or commercial business lines.

• Regulatory Knowledge: Strong understanding of UK regulatory requirements and experience operating within the UK regulatory environment.

• Qualifications: A relevant degree or professional qualification in risk management, finance, business, or a related discipline. Additional certifications (e.g., IRM, CII) are desirable.

• Skills: Excellent analytical, communication, and stakeholder management skills. Ability to influence and build relationships at all levels of the organisation.

• Commercial Awareness: Demonstrated understanding of the risks and challenges faced by wholesale commercial businesses.

Robert Walters Operations Limited is an employment business and employment agency and welcomes applications from all candidates