Eames Consulting are currently working with a leading Global Insurance Company who are looking to hire an experienced proven Risk Manager to join their team.
This is an exciting opportunity for a Risk Manager looking to join a flexible firm with clear room for growth, progression and looking to make a long term commitment.
The main purpose of the role is to support and challenge the first line risk management activities. In the role you will promote the embedding of the Risk Management Framework (RMF) across Europe, Middle East & Africa (EMEA) by enhancing risk management activities towards the achievement of firm's regional corporate objectives.
The Risk Manager will report into the Head of Risk, and is supported by a pool of resources. Although based in London, this role will cover all branches within the EMEA region and so may require some travel.
We are looking to speak to very experienced Risk Managers interested in the next step, with Insurance (life & non-life) industry experience, along with knowledge of Capital/Risk processes relating to Solvency II including knowledge of insurance company processes and systems. If of interest, please click apply.
Key Responsibilities:
Risk Management
Leading on business unit and functional engagement, i.e. working with the underwriting segments and support functions to embed a culture of strong risk management, risk identification, assessment, evaluation and reporting, loss event reporting and promoting best practices.
Maintain the Risk Management Framework across all legal entities and ensure relevant risk management documentation and risk policies are up to date.
Deliver the ORSA processes and the production of relevant ORSA reports.
Provide second line of defence risk oversight and challenge with a sufficiently granular understanding of the material risks posed in the various business and functional units and any key projects risks to effectively identify threats and opportunities, details of which to be reported to various committees and to management, as required.
Performance of risk analysis, independent risk assessments - lead/support the performance of specific risk assessments as identified within the plan or via the risk management process, including scenario analysis, as applicable.
Perform analysis of the strategic & annual business plans - working with relevant managers to review the risks relating to the plans, including the development of relevant scenario analysis, to assess any potential impact on the risk profile and the company's overall corporate objectives.
Supporting various capital assessments initiatives for relevant legal entities and assist in the oversight of the completion of stress and scenario analyses (including reverse stress tests) for capital adequacy assessments.
Oversee relevant risk management activities performed by the Group and assist with other risk management projects as they arise.
Additionally
Oversee the embedment of the Risk Management Framework including the identification, monitoring, and reporting.
Deliver further enhancements to the risk appetite framework e.g. the development of risk-based metrics and assist senior management in understanding and controlling the risks to the business and reporting same to relevant Committees/Board.
Promote and support the embedding of processes to identify, assess and monitor emerging risks and the stress and scenario analysis framework in respect of the strategic and annual business plans.
Lead the performance of deep dives into specific risks and their impact to enable appropriate risk assessment and identification of suitable mitigating activities.
Contribute to the Own Risk and Solvency Assessment (ORSA) processes and provide the quarterly/annual ORSA reports.
Technical competence, productivity and teamwork
An understanding of both non-life and life insurance products, services and associated regulatory regimes.
Ability to collate/review quantitative data and carry out quantitative analysis including the interpretation/impact assessments of key risk indicators and/or metrics.
Strong organisation and analytical skills with demonstrable evidence of excellent communication skills.
Ability to understand risks, issues and impacts and manage these across a diverse series of products and locations concurrently.
Ability to work collaboratively and flexibility to lead/support various deliverables whilst managing own deliverables.
Utilises the company's Competence Model to develop skills, abilities and behaviours that support outstanding performance and meet professional/regulatory expectations.
Complies with the fit and proper policy, maintain own professional skills and be a role model for all staff.
Experience:
-Insurance (life & non-life) industry experience with knowledge of Capital/Risk processes relating to Solvency II including knowledge of insurance company processes and systems.
-Relevant experience demonstrating risk management knowledge and engagement with stakeholders .
-Proven organisational skills, reflecting an ability to prioritise and take ownership
-Demonstrable knowledge of risk management/GRC systems
-Financial modelling skills and proficient in the use of MS Office - Word, Excel, PowerPoint.
-Excellent report writing and communication skills
Eames Consulting is acting as an Employment Agency in relation to this vacancy.
