Job Description

We’re looking for dynamic, driven professionals like you to help evolve our business in new directions. You’ll need first-class leadership credentials to bring our people with you on this journey and take us to the next level.

Responsibilities:

• As Chief Risk Officer function holder (SMF 4), lead company’s 2nd line of defence, ensuring that company’s risk management and compliance frameworks are effective and efficient, operating approved Risk Appetite.
• To ensure effective engagement with 2nd line functions across the company, and in particular, with regard to consistency and efficiency of risk and compliance frameworks, strategy and planning, and in response to matters of group-wide concern.
• To be knowledgeable on prevailing legislative and regulatory requirements affecting the UK business and to keep up-to-date with any amendments to such and / or the introduction of any new requirements.
• To ensure the Risk Assurance department has effective communication channels to 1st line management at the appropriate levels.
• To lead the Risk Assurance Function in developing and maintaining effective systems and procedures for the monitoring and measurement of the Company’s exposure to risk, identifying and reporting to management any significant trends, areas of highest exposure relative to risk appetite, strength of the control environment and to recommend any additional risk response that may be required.
• To lead the Compliance function in the effective planning and delivery of risk-based Compliance Monitoring, Compliance Advisory activities (including regulatory horizon scanning) and ongoing Compliance oversight of regulated activities (including third parties and outsourcing arrangements, ensuring that priorities are set based upon risk exposure. Gain approval of plans from the company Audit, Risk and Compliance Committee (ARCC).
• Lead the company process, ensuring effective communication and coordination occurs as required for timely production and Board approval of the reports. Coordinate production of group report.
• Provide oversight and advisory activities to ensure the business develops products, services and propositions meet the needs of customers as well as other stakeholders.
• To be accountable for the timely completion and submission of periodic returns to the relevant regulatory and industry bodies.
• Prepare for and co-ordinate activities within the Company to ensure that full co-operation is given to the PRA/FCA prior to, during, and following any compliance visit.
• Maintain open and productive relationships with relevant regulators and be a key point of contact in respect of compliance related matters.
• Ensure that, within the Risk Assurance team and other functions as required (e.g. Finance), relevant points of contact are in place; this includes appropriate levels of access to the online services and applications hosted by regulators and industry bodies.
• To liaise with the regarding the content and associated deadlines and lead the timely completion of any risk mitigation programme, allocating tasks and responsibilities within the Company and reporting progress towards completion to the Executive, the Governance Committees and the PRA/FCA on a regular basis.
• To manage, coach and develop individuals within the Risk Assurance function.
• Manage contact and liaison with external auditors with regard to the 2nd line assurance functions.

Required Knowledge, Skills, and Abilities

• Educated to degree level (higher degree or equivalent preferred) and/or relevant professional risk management or insurance qualification
• Risk management leadership experience at a senior level, gained within the financial services industry.
• Compliance management leadership experience gained within the General Insurance Industry
• Previous experience of holding SMF4 preferred
• Multi-channel experience including B2B and B2C
• Well-developed people skills including the ability to motivate, engage and develop colleagues
• Ability to work collaboratively and proactively with colleagues at all levels of the business.
• Able to work unsupervised/Self motivated
• Inquisitive/Challenging – improves processes
• Influences business decisions