Senior Risk Manager

SCOR UK Company Limited; Greater London; On-site; GBP 80,000 - 110,000; Full time

Job summary

SCOR UK Company Limited is looking for a Senior Risk Manager to enhance the Risk Management Framework in London. You will assess and monitor risks, ensuring compliance with regulatory requirements and supporting executive reporting.

This position demands extensive experience in risk management, particularly in Property & Casualty (re)insurance, and strong analytical, reporting, and stakeholder management skills.

Qualifications

• Proven working experience in a risk management position with increasing levels of accountability.
• Extensive experience in Property & Casualty (re)insurance, ideally the London Market.
• Knowledge of UK regulatory risk management principles.

Responsibilities

• Assess and monitor the risk and control environment in conjunction with the Group Operational Risk team.
• Monitor exposures against risk appetite and limits.
• Lead second-line risk assessments and track incidents.

Skills

Strong analytical and data interpretation skills

Ability to produce clear and concise reporting

Excellent understanding of risk frameworks and governance

Strong stakeholder management skills

Project management skills

Strong written and verbal communication skills

Education

Risk Management qualification or Bachelor's degree in Risk Management, Business Administration, Economics, Actuarial Science or related

Job description

As Senior Risk Manager within the London P&C Risk Management team, you will directly report to the UK P&C Chief Risk Officer and be a key contact for other Senior leaders in the UK.

In this role, you will be responsible for:

proactively leading the continuous improvement of the Risk Management Framework for SCOR UK and SCOR Syndicate whilst meeting all internal / commercial and external/regulatory expectations in a timely manner.

This includes responsibility for coordinating second-line assessment and monitoring of the control environment, as well as providing challenge to business stakeholders’ risk and control self-assessments across these entities. You will produce impactful reporting on Risk matters to local Executive and Board Committees.

You will be a key contact person for first-line risk management stakeholders across the locally supported entities as well as the wider second-line SCOR Group Risk Management teams. In addition, you will lead or participate in Group Risk Management projects and analysis spanning various topics, in collaboration with other Risk colleagues from international teams.

The requirements of this position may evolve over time according to SCOR’s circumstances.

Responsibilities

Risk management framework and monitoring

Assess and monitor the risk and control environment, in conjunction with the Group Operational Risk team.

Monitor exposures against risk appetite and limits.

Lead second-line risk assessments (qualitative and quantitative).

Track incidents and control issues. Perform root cause analysis.

Coordinate development of operational risk and other scenarios for local models.

Develop and maintain risk registers, dashboards and risk metrics using data analytics.

Support regulatory and audit requirements. Contribute to external risk reporting as requested.

Link with the business teams

Advise the business on risk identification, mitigation and controls, in coordination with the Group Operational risk team.

Challenge first-line risk assessments and promote strong risk culture.

Other ad-hoc and specific duties

Lead or contribute to local and Group risk projects.

Partnering with the business, identify and analyse emerging risks and trends.

Qualifications

Experience:

Proven working experience in a risk management position with increasing levels of accountability and extensive experience in Property & Casualty (re)insurance – ideally the London Market, both Company and Lloyd’s. Knowledge of UK regulatory risk management principles (including but not limited to risk analysis, standards and practices of operational risk management, ORSA, governance).

Personal Competencies and Skills:

Strong analytical and data interpretation skills.

Ability to produce clear and concise reporting.

Excellent understanding of risk frameworks and governance.

Strong stakeholder management across functions.

Ability to challenge and influence senior stakeholders.

Project management skills; able to deliver within deadlines, working in a change environment.

Collaborative and pragmatic solutions-oriented approach.

Strong written and verbal communication skills.

Education

• Risk Management qualification or Bachelors degree in Risk Management, Business Administration, Economics, Actuarial Science or related.

Location

• Locations Level 6, London, United Kingdom, EC2N 4BQ, GB