Risk Specialist

Purpose:
Please make an application promptly if you are a good match for this role due to high levels of interest.
This is a role in the Risk Management department for a Risk Specialist. The successful candidate will become a member of the Risk Management department of a successful cross-border insurance firm, which is part of a global insurance group. The role holder will work closely with the Senior Risk Manager and Chief Risk Officer and will be responsible for the below:

Responsibilities:

• Manage and coordinate the Internal Control Framework activities
• Intermediary Management
• Risk Incident Reporting

Required Knowledge, Skills & Behaviours:

• Regulatory reporting experience under Solvency II;
• Very strong computer skills and knowledge of Salesforce an advantage;
• Knowledge of the European Life Assurance industry and products will be an advantage;
• Experience working within a Risk Management, Compliance, or Finance function will be an advantage;
• Strong report writing skills with experience of presenting top quality reports;
• Ability to work under pressure and to meet tight deadlines;
• Ability to engage with a range of departments and senior management;
• Highly organised with strong attention to detail.

Main Accountabilities:

• Manage and coordinate the Internal Control Framework activities, including:
  • Ongoing review and assessment of the Risk and Control Self-Assessment across the business;
  • Bi-Annual RCSA Attestation Process;
  • Quarterly control testing;
  • Issue management and remediation.
• Risk Incident Reporting:
  • Coordination and management of the monthly Risk Champion meetings and updates;
  • Management and updates to the centralised Risk Incident Log;
  • Coordination and reporting of all remediation actions and escalation to relevant management of overdue actions;
  • Reporting of risk incidents to the Risk Advisory Committee and Board Committees;
  • Coordination of the Data Quality Governance Forum;
  • SLA reporting on data quality and risk incidents;
  • Governance reporting on data quality and risk incidents.
• Assist the Senior Risk Manager and the CRO in the preparation of a number of Regulatory documents for the UHIL Group including ORSA, Recovery Plans, SFCR and RSR.
• Risk Management: To embed the internal regulations framework, which defines the principles and operating limits within the company, in order to maintain a risk profile aligned with the company’s risk attitude.
• Risk Reporting: Effective reporting of the risk profile and risk exposures of the company, both to internal and external stakeholders.
• Thematic Reviews and Risk Identification and Evaluation: Implementing the company’s methodology, which identifies, classifies and evaluates key risks.
• Strategic and Operational Projects: Ongoing involvement and constructive input/feedback to specific strategic and operational projects, including due diligence assessment within the operations areas.
• Manage a diverse range of activities supporting all client-facing functions.
• Take the key principles of the company’s enterprise risk management framework and ensure their practical implementation across the company.
• Be a recognised authority within the company on corporate governance and risk management best practices through an in-depth knowledge of the risk management policies and guidelines.
• Assist in enhancing the enterprise risk management framework within the company. xcfaprz
• Assist with meeting all regulatory reporting deadlines.