Senior Financial Risk Manager
Date Posted: 16/10/2024
Location: London
Job Type: Full time
Apply NowAbout the role
We are looking for a Senior Financial Risk Manager to support the Head of Market and Capital Risk in delivering appropriate oversight in respect of market, capital and business model risks.
You will will contribute towards the development and maintenance of an appropriate financial risk management framework for the business, to safeguard the effectiveness of the Group and its life subsidiaries’ approach to the identification, measurement, management, monitoring and reporting of their financial risks.
Responsibilities
Operate as a trusted advisor to the Head of Market and Capital Risk and Director of Financial Risk on market risk exposure management as well as overall business risk profile and capital allocation;
Challenge and support first line on the market risk identification, assessment, management and mitigation required for new and existing business activities. This includes the assessment of the appropriateness of existing, and advocation of development of new Key Risk Indicators for market risk management;
With the support from the wider team, own the development and maintenance of the Stress and Scenario Testing framework and underlying processes;
Support the maintenance and development of the financial risk appetite framework;
Provide input to the design specification, parameter calibration, results review and onward communication of all group-wide stress testing related activities;
Support the development of strategic risk management framework;
Support the development and delivery of the Group’s Own Risk & Solvency Assessment (ORSA), in particular the quantitative aspect of the exercise.
Deliver challenge and support first line assessment of liquidity and ALM implications of Group capital projects;
Skills & Experience
Experience in the risk management and/or reporting (both first and second line acceptable) of financial exposures within a life insurance firm;
Proven track-record of quantitative analysis experience;
Quantitative modelling experience desirable but not essential.
Financial Management qualification or equivalent experience is essential
Actuarial qualification/partial qualification is desirable
Strong understanding of market risks management principles, such as the usage of ALM techniques and financial instruments and their challenges;
Good understanding of the financial risk management principles;
An appreciation of Solvency II requirements for base balance sheet and capital requirement;
Good verbal, written communication and interpersonal skills, with the ability to present complex financial concepts in a clear and concise manner;
Ability to challenge others in a clear and constructive manner;
Proficient with Microsoft Excel, Word and PowerPoint applications.
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