Risk Manager

London (Central), London (Greater)
13 May 2014
10 Jun 2014
Cameron Kennedy
Contract Type
Full Time

Enterprise Risk Management Manager

£70,000 - £90,000


Who they are

A leading international financial institution. Specialising in underwriting complex risks, across a broad range of commercial, speciality insurance.

The role

The ERM Manager will support the Head of Enterprise Risk Management to embed the risk management framework with a focus on regulatory compliance and reporting. Other main duties and responsibilities will include:

  • Ensuring that the ERM framework supports the Group in maximising value subject to the agreed risk appetite and preparing the results from ERM model to be presented to Boards, Risk committees and executive management of the company;
  • Coordinating the remaining Solvency II delivery across the Group in line with the regulatory requirements set out by the EIOPA, Lloyd's, FSC and PRA, working in conjunction with the relevant stakeholders to ensure practical implementation of the remaining work and regular reporting to executive management on status;
  • Reviewing the Solvency II guidelines (including Lloyd's dry-run and interim), interpretation of the rules and requirements in the context of Group entities and advising the stakeholders on the relevant requirements and any gaps in the current framework;
  • Ensuring on-going Internal Model compliance with regulatory requirements;
  • Development of reserving risk management, reporting to the Reserving committee and validation of the reserving risk in the Internal Model.

Who they are looking for

To be considered for this role you must meet the following requirements:

  • Qualified or nearly-qualified actuary with experience in general insurance;
  • Excellent communication and reporting skills;
  • Proven ability to build relationships with various stakeholders across the organisation and strong influencing and project management skills;
  • Understanding of Solvency II regulation and prospective requirements both in the Lloyd's and non-Lloyd's environment
  • General understanding of risk management processes and capital modelling

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