Senior With Profits & Investment Risk Manager

ZipRecruiter; London; Hybrid; GBP 100,000 - 125,000; Full time

Job summary

A leading UK-based insurance company is seeking a Senior With Profits & Investment Risk Manager to provide strategic oversight of with-profits funds and investment risks. The candidate will ensure governance and fair outcomes for policyholders, influencing risk culture within the organization. This role offers hybrid working and a comprehensive benefits package including a bonus, private medical cover, and 38 days annual leave.

Benefits

Bonus potential

Private medical cover

38 days annual leave

Excellent pension

Career breaks

Income protection

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 and financial risk management.

Responsibilities

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

Skills

With-profits management

Investment strategy

Financial risk management

Analytical skills

Communication skills

Job description

Job Description

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