Senior Risk Lead

Job Title: (Senior) Risk Lead

Duration: 3-6 month contract

Rate/Salary: £600-700 per day Outside IR35

Location: Remote working (following 2-3 days per week on-site for the first month)

The Role:

• Conduct workshops with first line risk owners to identify risks, develop mitigation strategies, and establish control mechanisms.
• Take the operational lead in establishing the Risk Management framework in the UK in collaboration with the Chief Risk Officer (CRO) and group Risk Management function.
• Supporting control owners meet the requirements of the risks management framework and maintain a log indicating whether controls are designed and operated effectively.
• Maintain incident logs and ensure effective incident management.
• Utilising the output of the Risk Management framework to support risk owners assess inherit and residual risks.
• Create reports for boards and management committees, contributing to informed decision-making.
• Draft and update the company's Risk Management policies to ensure alignment with regulatory standards.
• Collaborate with risk owners to set Risk Appetite and Key Risk Indicators.
• Identify and report on emerging risks, ensuring proactive risk management.
• Independently monitor and assess the effectiveness of controls as the second line of defence.
• Provide ad-hoc support to prepare the Own Risk and Solvency Assessment.

Experience Required:

• Must have significant and demonstrable experience in Risk Management within the General Insurance sector (c. 5 years minimum)
• Excellent organisational and critical thinking skills
• Demonstrable ability on attention to detail and accuracy
• Ability to work independently and as part of a team
• Strong knowledge of the regulations and compliance standards within the Insurance industry
• Excellent communication skills to effectively interact with clients, employees, and management

If the above role is of interest and you fit the following criteria, please apply online for consideration. All successful applicants will have recent General Insurance industry experience and a notice period of 4 weeks or shorter. Please note that sponsorship cannot be offered for this role.