Working hours: 35 hours per week, Monday to Friday
Duration: Permanent
Location: Gloucester
Job ref: 202941
About the role
Ecclesiastical Insurance, who are proudly part of Benefact Group, are looking for a Risk Manager to join our Gloucester office.
In this role, you will lead first line risk management in the UK General Insurance business unit (UKGI), advising on risk matters and maintaining and developing risk activity, in line with the Group risk management framework.
Joining our rapidly expanding and innovative Group presents a fantastic opportunity to develop your career and become an integral part of an inclusive, purpose-led organisation.
Key responsibilities
* Embed the Group risk management framework across UKGI through appropriate systems of control that ensure UKGI operates within Risk Appetite.
* Act as a source of risk expertise and referral point for the business on the risk management framework, guiding and advising the UKGI teams in effective risk management including their identification, reporting and control of risks arising, appropriate management oversight and advising on appropriate corrective action.
* Develop, maintain and monitor a risk profile of the most material risks owned by UKLT providing leadership and challenge to ensure the quality of risk identification and oversight.
* Advise the relevant governance meetings e.g. Risk Meeting, Direct and Intermediary Executives and Customer and Conduct Council in relation to the risks under their oversight.
* Provide assurance over the design and effectiveness of the risk management framework in UKGI.
* Provide clear, concise, accurate and complete reporting on the current and future risk exposures to enable risk owners to take risk mitigation decisions on a timely basis.
* Lead root cause analysis of risk incidents and indicators, coordinating with other areas to triangulate across different sources of such information and draw conclusions as to necessary changes. Advise stakeholders at all levels on the learnings and actions required.
* Develop and monitor compliance with the UKGI Risk Appetite in line with the Group Risk Appetite engaging with UKGI management to provide oversight of corrective action.
* Assess and monitor on an ongoing basis the effectiveness of systems of control within UKGI, identifying and leading to completion, action plans where control deficiencies are identified.
* Co-ordinate the annual assessment of compliance with the Group’s risk management and policy framework through the Control & Risk Self-Assessment (CRSA) in line with Group Risk requirements.
* Liaise and build effective relationships with Group Risk, Group Compliance, Group Internal Audit and other relevant shared services to support the overall objectives of risk management.
* Update Group Risk and assurance functions quickly, proactively and openly on any significant developments and plans.
* Co-ordinate stakeholders in UKGI in responding to line 2 and 3 monitoring reviews and findings. Oversee the timely completion of such actions and ensure reporting of progress to UKLT and its sub-teams.
* Prepare policies, standards, training and guidance as needed to support the effective application of the risk management framework in UKGI.
Knowledge, skills and experience
* Relevant experience in financial services risk roles; risk management qualification desirable.
* Solid risk management knowledge including best practice in managing risk in financial services.
* Credible, with proven ability to build effective relationships and to influence key stakeholders, including directors, business managers and team members.
* Excellent communication and influencing skills.
* Demonstrates sound and commercial judgement and ability to design practical and proportionate solutions.
* Proactive, strong analytical skills, proficient in analysing the underlying issues in complex problems and relating specific issues to overall risk management strategy.
What we offer
* A competitive salary - let's discuss it
* Group Personal Pension - up to 12% employer contribution
* Generous annual bonus scheme up to 30%
* 28 days annual leave plus bank holidays, and a holiday buy and sell scheme
* An array of health and wellbeing benefits, including private healthcare, income protection and life assurance
* Up to £300 annual personal grant to a charity of your choice
* Encouraged to take at least one volunteering day per year
* Employee Assistance Programme
* Full study support to gain professional qualifications
About us
Benefact Group is a unique international financial services Group made up of over 30 businesses. We are owned by a charity and are currently the UK’s 3rd largest corporate donor, having given away £200 million since 2016. We have ambitious plans to become the UK’s number one corporate donor, with strategic objectives in place to double the Group’s size.
We believe it’s essential to attract, empower, grow and reward talented people, offering fantastic opportunities for career and personal development. Our giving ethos, 135-year history and the diversity of what we do, has enabled us to build a culture of kindness, great ambition, and of passionate people driven to do better and be better.
At Benefact Group, we are committed to creating an inclusive culture and building an environment where each and every one of us feels valued and respected. We are a community made up of people with a range of different backgrounds, abilities, perspectives, beliefs and interests and we value the strength this brings to us as a Group. We welcome applications from everyone.
If you need any additional support during the recruitment process, then please let us know.
Winner of the SoGlos Gloucestershire Business Awards ‘Large Business’ of the Year 2023
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