Purpose: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 activitiesIntermediary ManagementRisk Incident ReportingRequired 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.Assist with meeting all regulatory reporting deadlines.
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