Senior With Profits & Investment Risk Manager

ZipRecruiter; City Of London; Hybrid; GBP 80,000 - 100,000; Full time

Job summary

A leading UK-based insurance company is looking for a Senior With Profits & Investment Risk Manager to provide strategic oversight of with-profits funds and investment risks. This senior leadership role involves ensuring robust governance and fair outcomes for policyholders while collaborating with key stakeholders. Candidates should have a strong background in risk oversight and investment strategy, excellent analytical skills, and the ability to influence decision-making across the organisation. Hybrid working options are available.

Benefits

Bonus potential

Private medical cover

38 days annual leave

Excellent pension

12x salary life assurance

Career breaks

Income protection

3x volunteering days

Qualifications

• Strong background in with-profits management and/or risk oversight.
• In-depth understanding of with-profits products, regulations, and governance.
• Experience in investment strategy, ALM, and financial risk management.

Responsibilities

• Lead oversight of with-profits funds, ensuring customer and financial risks are well understood and managed.
• Provide Line 2 opinions on key proposals and material changes.
• Support oversight of financial risks across pensions, savings, and customer investments.

Skills

Risk oversight

With-profits management

Investment strategy

Analytical skills

Communication skills

Job description

Overview

Senior With Profits & Investment Risk Manager

Job Type: Permanent

Location: London, Birmingham, or Edinburgh (hybrid working)

Flexible Working: Open to part-time, job-share, and other flexible arrangements

Benefits: Bonus potential, private medical cover, 38 days annual leave, excellent pension, 12x salary life assurance, career breaks, income protection, 3x volunteering days, and more

This opportunity is with a leading UK-based insurance company specialising in long-term savings and retirement solutions. The organisation manages a diverse portfolio of pension and investment products and is committed to delivering fair outcomes for policyholders while maintaining strong governance and risk management practices.

About the Role

This is a senior leadership opportunity to provide strategic and technical oversight of with-profits funds and investment risks. The role ensures robust governance and fair outcomes for policyholders, while influencing risk culture and decision-making across the organisation.

You will work closely with With-Profits Actuaries and other key stakeholders, offering Line 2 opinions, challenge, and guidance on financial risks to customers and shareholders.

Key Responsibilities

• Lead oversight of with-profits funds, ensuring customer and financial risks are well understood and managed
• Provide Line 2 opinions on key proposals and material changes
• Support oversight of financial risks across pensions, savings, and customer investments
• Offer thought leadership on emerging risks, including ESG
• Ensure decisions align with risk appetite and strategic objectives
• Maintain effective risk frameworks, reporting, and governance
• Collaborate with stakeholders including With-Profits Actuaries, Compliance, and governance committees

Essential Experience & Skills

• Strong background in with-profits management and/or risk oversight
• In-depth understanding of with-profits products, regulations, and governance
• Experience in investment strategy, ALM, and financial risk management
• Proven ability to influence and challenge across a complex organisation
• Familiarity with Consumer Duty and value-for-money principles
• Excellent analytical, problem-solving, and communication skills