Risk Manager – 28844

The Emerald Group; City Of London; On-site; GBP 60,000 - 80,000; Full time

Job summary

A leading insurance company in London is seeking a Risk Manager to enhance and embed the risk management framework. The role involves managing model validations, contributing to stress testing, and working closely with actuarial teams. Candidates should have relevant professional qualifications and experience in the general insurance industry. This permanent position offers an excellent opportunity to make a significant impact.

Qualifications

• Proven experience in risk management within the general insurance industry.
• Experience in preparing reports for Senior Management.
• Experience within the Lloyd’s Market is highly desirable.

Responsibilities

• Lead the internal model validation process.
• Contribute to the ORSA lifecycle and risk profile assessments.
• Enhance the Company’s risk management framework.
• Collaborate with the Actuarial & Loss Modelling Function.

Skills

Strong quantitative skills

Strong qualitative skills

Experience in risk management

Understanding of actuarial principles

Ability to prepare high-quality reports

Education

Relevant professional qualification (CII, IRM, IFoA)

Relevant university degree

Job description

As a risk manager you will leverage your strong quantitative and qualitative skills to enhance and embed the risk management framework across the Company

• Location: London
• Category: Risk
• Type: Permanent

Key Duties (Including but not limited to):

• Lead and manage the full lifecycle of the internal model validation process, including planning, execution, documentation and reporting, ensuring its independence, robustness, and adherence to regulatory requirements
• Contribute to the full ORSA lifecycle, including he development, execution of stress and scenario testing stress and scenario testing, business planning analysis, and risk profile assessments and the documentation of such activities
• Actively contribute to the maintenance and enhancement of the Company’s risk management framework through systematic review, analysis, testing, and reporting on risk and control evaluations
• Collaborate effectively with the Actuarial & Loss Modelling Function to ensure that modelled risks are thoroughly understood and effectively embedded within the broader risk management system
• Relevant professional qualification (e.g., CII, IRM, IFoA) or a relevant university degree is required
• Proven experience in risk management within the general insurance industry, ideally with a strong understanding of actuarial principles gained through previous actuarial roles (e.g., pricing, reserving) or close collaboration with actuarial teams
• Experience within the Lloyd’s Market is highly desirable
• Experience in preparing high-quality reports and presentations for Senior Management, Committees, and Board review