Senior Risk Manager - Global Insurance Group in London

Energy Jobline ZR; City Of London; On-site; GBP 70,000 - 90,000; Full time

Job summary

A global insurance company is seeking a Senior Risk Manager to lead risk management efforts. This role requires strong experience in risk frameworks, regulatory compliance, and significant expertise in the insurance sector, specifically within the Lloyd's market. Ideal candidates will possess a relevant degree and professional qualifications, along with at least five years of relevant experience. Opportunities for development and promotion are available.

Qualifications

• Minimum 5 years in risk management experience.
• Experience of the Lloyd’s market is preferred.
• Strong understanding of risk frameworks and governance.

Responsibilities

• Lead the development and execution of the risk management framework.
• Perform annual updates of Syndicate Risk Appetites and monitor risk exposures.
• Contribute to stress tests and validation processes for Capital Models.

Skills

Risk management

Regulatory compliance

Stakeholder engagement

Education

Degree in Risk Management, Actuarial Science, Finance, or Business

Professional qualification (e.g., IRM, CERA, FIA/FFA)

Job description

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Job Description

Woodland Partners are delighted to be working with this rapidly expanding global Insurance Group in the search for their new Senior Risk Manager. Reporting into the Chief Actuary this role will lead the development and execution of the risk management framework, ensuring effective risk identification, mitigation, reporting, and regulatory compliance for the organisation.

Key responsibilities

Risk framework and Governance

• Develop, maintain and enhance the syndicate’s Risk Management Framework (RMF)
• Collaborate with external advisers on the operation of the Risk Committee.
• Coordinate the risk event and issue management process, including root cause analysis and lessons learned.
• Identify and mitigate emerging risks
• Develop, maintain and evolve the Syndicate Risk Register; challenging ratings and escalating to CRO where appropriate.

Risk appetite and Monitoring

• Perform annual update and cascade of Syndicate Risk Appetites, including translation into metrics and thresholds.
• Monitor risk exposures against thresholds and deliver clear MI and dashboards to senior stakeholders and board.

ORSA and Stress Testing

• Contribute to stress tests and validation processes for Capital Models.
• Work with external advisers to the Own Risk and Solvency Assessment (ORSA), including scenario design, aggregation, and narrative drafting.
• Develop and monitor stress and reverse stress testing frameworks.
• Link outputs to strategic planning, reinsurance structure, and capital requirements.
• Assist in preparing validation reports for regulatory compliance.

Regulatory engagement and Assurance

• Support responses to Lloyd’s and FCA/PRA requests, thematic reviews, and CPG maturity assessments.
• Work with internal audit and second line to test control effectiveness and risk culture.
• Ensure risk policies are reviewed, documented, and aligned with industry good practice.

Risk Culture

• Partner with business functions to promote risk awareness and ownership.
• Lead or participate in risk training sessions, deep dives, and thematic reviews.
• Drive continuous improvement of risk tools and reporting.

QUALIFICATIONS AND EXPERIENCE

• Degree in Risk Management, Actuarial Science, Finance, or Business
• Professional qualification (e.g., IRM, CERA, FIA/FFA)
• Minimum 5 years in risk management
• Experience of the Lloyd’s market.

This is an exceptional opportunity to join an organisation at a period of growth and development. Excellent development and promotional opportunities exist.

Insurance experience is absolutely imperative

Energy Jobline wishes you the very best of luck in your next career move.