Financial Risk Manager

Financial Risk Manager

City of London

Permanent

Up to £85k

cer Financial are working alongside an insurance company who are based in the City of London. They are seeking a Financial Risk Manager to work with them on a permanent basis.

The responsibilities of the Financial Risk Manager will include:

· Report to the CRO and act as their delegate as necessary.

· Support the CRO in development of the company risk management strategy.

· Support the CRO in developing and delivering the annual risk management plan.

· Represent the risk management function at key governance committees, including the executive risk management committee.

· Oversee the effective operation of the company’s management of key financial risks relating to capital, liquidity, reserves/technical provisions, investments, pricing, reinsurance etc, working with executive risk owners and senior management to assist them in meeting their responsibilities.

· Provide oversight and challenge of the company’s underwriting portfolio, business plans, balance sheet, investment portfolio, and Solvency II (standard formula) SCR calculation.

· Support the quantitative assessment of risk under the company’s enterprise risk management framework.

· Support the annual review and setting of risk appetite at the Board. Oversee the cascade and monitoring of risk appetite across the business.

· Provide oversight and challenge of the company’s risk mitigation activity.

· Provide oversight and challenge of the company’s stress and scenario testing activity.

· Provide risk management leadership, guidance, advice, and training to the company.

· Support the company in special projects and initiatives, providing risk management leadership and challenge.

· Lead the production of internal and external risk management and Solvency II reports.

· Work with the compliance, actuarial, and internal audit functions to ensure the effective operation of the assurance functions and second line of defence.

· Engagement with members from different business functions to set risk appetite and tolerance on annual basis and submit for board approval.

The successful Financial Risk Manager will have:

· At least 5 years’ work experience of finance, actuarial, risk management or related work in general insurance market.

· Bachelor's degree or above in finance, economics, risk management, actuarial or related fields.

· Good understanding of financial risk management methods and principles.

· Broad finance, actuarial, or risk management background who is familiar with the day-to-day operations of an Insurance company

· Good knowledge of the requirements of Solvency II and capital modelling

· Excellent in MS Suite (e.g. Excel, Word, PowerPoint and Access).

· Strong commercial understanding and business awareness.