Risk Manager (Insurance) – need some compliance experience recruitment
THE COMPANY:
Our client is an established name in the insurance and reinsurance broking market.
THE RESPONSIBILITIES:
Specific Responsibilities
Risk Management
- With the Audit Risk Committee, develop the Holding Group’s risk management policy framework and methodology to embed risk management throughout the Group
- At the direction of the Audit Risk Committee, manage the risk register on behalf of the Group with the assistance of the Risk Assessment Group
- Chair the Risk Assessment Group to identify, assess and mitigate risks to the Group and providing full reports of risk exposures and recommendations for action to the Audit Risk Committee
- Monitor, evaluate and challenge the organisation’s success in managing risk
- Conduct risk assessments and workshops with trading and central services divisions.
- Develop suitable key risk indicators and develop a risk reporting dashboard.
- Design and manage contingency plans and business continuity plans in conjunction with relevant directors and staff
- Undertake the management of regular testing of contingency and continuity plans.
- Manage relationships with heads of business divisions, internal audit and compliance functions on a regular basis providing risk management guidance and consultation
- Monitor that the risk function complies with all relevant Group policies procedures, laws and regulations
Suppliers
- Liaise with business continuity/disaster recovery service providers to agree plans, responsibilities and service standards for the effective delivery of the contracted services
- Outsource to specialists as approved by senior management
Compliance
- Ensure compliance with all applicable Group policies and procedures
- Ensure correct authorisation is obtained and processes followed when required by the Group policies and procedures
- Ensure compliance with legal and regulatory requirements
- Ensure that own performance, HR and TC records are up to date and meet the Group’s requirements
- Maintain accurate records and deal with correspondence appropriately
Reporting
- Monitor and report on the results of the risk management plan (qualitative and quantitative) to the Audit Risk Committee
- Monitor risks against tolerance rules and escalate concerns as appropriate
- Report relevant information to Internal Audit and Compliance functions as necessary
- Provide relevant management information to senior management
Projects
- Manage assigned projects and contribute to other projects as required
- Respond appropriately to urgent issues as they arise
Market Awareness
- Keep informed of all legal, regulatory and best practice developments relevant to the risk function
- Share information that could be beneficial to the Group
Representing the Group
- Any other reasonable duties, as required
Additional Responsibilities
- Member of Board and Management Committees as appropriate
Fiduciary Duties
- As a result of your position and responsibilities you owe fiduciary duties to the Group which include:
- Act in the utmost good faith to promote the interests of the Group
- Not make an undisclosed profit from the trust placed by the Group
- Avoid any position where own interests conflict with duties to the Group
- Not act to own advantage or the benefit of a third party without the fully informed consent of the Group
- Disclose any matter which may be contrary to the best interests of the Group
EXPERIENCE REQUIRED:
- Risk experience gained within an insurance environment
- Practical compliance experience.
- Degree level education.
For further information please contact Marcus Courtney
June 5, 2012
• Tags: Risk Management careers in the UK, Risk Manager (Insurance) – need some compliance experience recruitment • Posted in: Financial