Risk Manager - Insurance

JR United Kingdom; Milton Keynes; On-site; GBP 55,000 - 80,000; Full time

Job summary

A well-respected UK-based insurer is seeking a Risk Manager to enhance its second-line risk function. Responsibilities include overseeing risk management processes, guiding business units, and contributing to a proactive risk culture within the organization. The ideal candidate will possess solid experience in risk management, particularly in financial services, and be proactive in approach, working closely with senior leadership in a flexible, supportive team environment.

Benefits

Flexible working environment

Collaborative team structure

Exposure to a wide range of risk types

Qualifications

• Solid experience in risk management within financial services or insurance.
• Strong knowledge of risk frameworks and regulatory expectations.
• Excellent interpersonal and communication skills.

Responsibilities

• Partner with business units for effective risk identification and mitigation.
• Lead risk assessments and provide oversight on risk management activities.
• Monitor regulatory compliance and internal policy adherence.

Skills

Risk management

Communication

Analytical thinking

Collaboration

Education

Risk-related qualification (e.g., IRM, CERA, ICA)

Tools

Operational risk tools (e.g., RCSAs)

Job description

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Are you a risk professional looking to make a meaningful impact across operational, financial, and conduct risk areas?

A well-respected UK-based insurer is seeking a Risk Manager to join its growing second-line risk function. This role is ideal for someone with experience in financial services and a strong understanding of risk management frameworks, looking to work closely with the business to enhance risk maturity and culture.

The Role

Reporting to the Chief Risk and Technology Officer, you will:

• Partner with business units to support effective risk identification, mitigation, and monitoring.
• Provide oversight and challenge on first-line risk management activities across operational, financial, conduct, and insurance risk areas.
• Lead and facilitate risk assessments, including RCSAs and risk appetite monitoring.
• Support the delivery of risk reporting to senior stakeholders, Board committees, and regulators.
• Monitor adherence to internal policies and regulatory requirements, escalating breaches where appropriate.
• Conduct risk-based assurance and control testing.
• Contribute to the development of a proactive risk culture and deliver risk training and tools to the wider organisation.
• Support compliance activities and help manage regulatory risk exposure.

What We’re Looking For

• Solid experience in risk management, ideally within financial services or insurance.
• Strong working knowledge of risk frameworks, regulatory expectations, and operational risk tools (e.g., RCSAs, risk appetite statements).
• Excellent communication and interpersonal skills to influence and guide first-line stakeholders.
• Analytical mindset, attention to detail, and a collaborative approach.
• Strategic thinker with a proactive, hands-on style.

Desirable Qualifications

• Studying towards or achieved a relevant risk-related qualification (e.g., IRM, CERA, ICA, or equivalent).

Why Apply?

• Join an organisation committed to embedding a strong risk culture.
• Gain exposure across a wide range of risk types and strategic initiatives.
• Work closely with senior leaders in a flat, collaborative structure.
• Flexible working with a supportive team environment