Defined Benefits Director of Risk
Date Posted: 26/06/2024
Location: London
Job Type: Full time
Apply NowDefined Benefits Director of Risk
Just Group plc
London – hybrid (50% office based)
Full-time – 35 hours per week
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Who are Just?
We’re a FTSE 250 Financial Services company who specialise in retirement solutions and right now, our world is moving pretty quickly. With the defined benefit buy in / buy out space growing each year, Just continues to annually grow its business by over £2bn of assets.
We are a purpose driven company with compelling and credible goals. Quite simply, we help people achieve a better later life. We achieve this by providing competitive and innovative products, services, financial advice and guidance to help our customers achieve security, certainty and provide them with peace of mind in retirement.
That’s who we are. We’re a company on a mission: to become a beacon for the entire retirement industry. Because we believe everyone deserves a fair, secure, and fulfilling retirement.
About The Role
As a Defined Benefits Director of Risk you will be responsible for all aspects of risk pertaining to the Defined Benefits business at Just. Your role will consist of being Accountable for Identification, Management, Monitoring and Mitigation (IMMM) of risks inherent in writing pension risk transfer business. You will work closely with the Senior Leadership Team to build and maintain a Risk Framework for the Defined Benefits Business and Continuously develop the framework.
Key Accountabilities
- Lead the development, implementation and embedding of the quantitative aspects of Defined Benefit’s risk appetite framework and the translation into quantitative tolerances, limits and thresholds.
- Work collaboratively with second line to ensure alignment to second line policies, frameworks and procedures.
- The role holder should ensure that we are calculating all relevant risk metrics and stresses for Defined Benefits business, on a regular basis, and in a consistent and efficient manner.
- Oversee the embedding and smooth running of risk management processes.
- Support the business planning and strategy process in Defined Benefits by ensuring it includes appropriate, adequate and effective consideration of all risks.
About You
The experience, skills, and knowledge we are looking for:
- Strong understanding of financial and insurance risk including up to date understanding and experience of leading edge risk quantification techniques.
- Ability to work with wider teams to build and implement application of these techniques.
- Good understanding of market, credit, insurance and liquidity risk types and their management.
- Excellent ability to present complex financial concepts in a clear and understandable manner.
- Good understanding of the regulatory context and ability to engage with regulators on behalf of investments and the Defined Benefits business
- Strong delivery focus and organisational / project management skills, to co-ordinate and deliver plans to agreed timescales.
- Experience in running quantitative frameworks in financial, insurance and operational risk, and understanding and meeting the requirements of Executives, Risk Committees and Boards.
Company Benefits
- A Competitive Salary, Pension Scheme and Life Assurance
- Along with 25 Days Annual Leave plus an Additional Day on us for your Birthday
- Private Medical Cover and Income Protection, just in case
- A generous and highly achievable bonus scheme – paid annually based on individual and company performance against targets
- Opportunity to progress within your career both in-role and within the company
- FREE access to the Headspace App, a 24/7 Employee Assistance Helpline and Trained Physical & Mental Health First Aiders (On-Site)
- A variety of Employee Funded Benefits available to you via our Online Benefits Portal
- Plus, several additional purchase options available for you and your loved ones
Why Just?
We are committed to building a more sustainable business and have publicly committed to reduce our scope 3 emissions to Net Zero by 2050 and our scope 1 and 2 emissions to Net Zero by 2025. We’ve made good progress so far and encourage our people to make small and meaningful changes in their everyday lives, so that we can protect our planet for future generations.
Diversity, Equity and inclusion (DE&I) is a key priority for Just as part of our overall strategy and ensuring all of our people feel proud to work at Just. We have joined a number of initiatives including the Race at Work Charter, designed to improve outcomes for employees from underrepresented backgrounds. We also run a Reciprocal Mentoring scheme for employees from a BAME background, those with a disability and those who identify as LGBTQ+. There are multiple employee network groups, which champion issues including race, gender, social mobility and neurodiversity.
What’s clear about working at Just is that we care. We care about our customers, our purpose, our environment, inclusivity, wellbeing and most importantly - each other.