Financial Risk Manager
Reporting to the Head of Financial Risk, the successful candidate will identify, assess, quantify and monitor financial risk for the group and the insurance business. This is a second line of defence role and key to oversee the development and application of the Financial Risk Policies. Other responsibilities include: Solvency II and oversight of the Group’s Internal Model.
Reponsibilities :
- Play a key role in developing and maintaining the financial risk policies which can apply at group level and meet the emerging requirements of Solvency II. Specifically: credit risk, insurance risk, market risk, asset liability management, financial control, and financial management.
- Contribute to the development of risk appetite framework and how this will impact performance measures including capital allocation, reinsurance and other mitigation, pricing and product de
- Provide advice on risk matters to the Actuarial, Capital management, Investment and Finance teams who carry out the day to day measurement and management of risk.
- Support the assessment of the risks when the business plan is developed, including the impact of adverse scenarios and the regular tracking of plan from a risk perspective.
- Support the risk assessment of business ventures such as MA and new products. This will involve looking at all risks, co-ordinating with others as appropriate.
- Reporting of risk exposures
- Validation of Financial Risk processes and controls
Key requirements:
Ideally an Actuary. Strong knowledge of the UK Life and Pension Industry in an Investment Risk or Financial Risk role. Capital management and processes and controls. This is a fantastic opportunity for a consultant to move in-house or for a risk analyst to join a growing Insurance business.
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