Job Description

• Accountable for providing a quality service or product to customers and stakeholders, using skills/experience built through significant practical experience or training
• For team leaders, accountable for ensuring the team the role supports is delivering a quality service or product
• Works within established frameworks and procedures, with the freedom to interpret them to solve a range of problems
• Delivers outputs that are clearly defined, using discretion over how to achieve them
• Makes suggestions for improvements to the work of the team, based on previous experience and knowledge of similar situations

Key Responsibilities:

• To provide risk guidance, advice and challenge to the First Line of Defense.
• To understand external business standards, sharing best practice and implementing interventions where required.
• To provide effective and efficient guidance or oversight to us.
• To work with others in Risk to challenge the business in its approach to risk identification, quantification, mitigation and management.
• To work with the business to ensure the right outcomes for customers.
• To ensure embedding of and compliance with regulatory requirements as well as compliance with risk appetites, management guidelines, standards and policies.
• If you’re responsible for any legal agreements with third parties then you must make sure these are managed according to the Managing Contractual Relationships Framework. You’ll find your responsibilities as an expenditure authorizer set out in the financial procedures manual for your business (e.g. Prudential UK & Europe, PIA, PPMS).
• Make sure that all personal expenditure, and contractual and legal agreements are authorized, controlled and monitored according to our delegated authority requirements.
• Understand our Code of Conduct and how it applies to your work. Comply with all relevant policies, including mandatory training.
• Use your judgment to strengthen our positive risk and control culture, by identifying, assessing and managing risk within your business area.
• Take all reasonable steps to make sure your business area fulfils its external regulatory, legal and industry obligations.

Required Knowledge, Skills, and Abilities

You will have: Experience of report writing and drafting board papers. Experience of developing policy/ position statements to tight deadlines and/or experience in monitoring activities. Experience of liaising, influencing and negotiating effectively with internal parties and external parties. Experience of analyzing and interpreting complex rules and regulations and applying such knowledge to provide solutions to business problems and issues. Some experience in communicating the practical impact of regulatory obligations. Some experience in regulatory guidance and compliance environments Knowledge. Understanding of the Statements of Principle and Code of Practice. Working knowledge of UK life insurance products and pensions products, market, competitors and distribution channels. Working knowledge of prudential products, systems and distribution methods. Working knowledge of industry best practice, good network/links with external bodies and individuals on the same field. Working knowledge of financial services regulatory and legislator frameworks Personal attributes. Working knowledge of the Solvency II regulatory requirements around ORSA. Working knowledge of the Solvency II balance sheet. Persistent and resilient in the face of challenge with a proven ability to influence. Strong analytical and organizational skills as well as Big Picture thinking. A promoter of risk awareness within the organization. Able to work collaboratively across the immediate team and broader Risk function. Gravitas and ability to be pragmatic where appropriate.