Group Risk Manager

About the Role

An exciting opportunity has arisen to work within the Group Risk function. The Group Risk team undertake a wide range of activities including:

• To help co-ordinate the Stress and Scenario testing for the Group
• Setting and agreeing tone of risk appetite (to be agreed by relevant Boards)
• Developing and owning standards, policies, frameworks, processes, approaches and reporting
• Producing an annual plan defining the scope of line 2 activities for the coming year, to be presented to the Group Risk Committee
• Providing oversight and challenge of the work completed within the entity risk teams including reviewing and challenging plans and resourcing profiles and oversighting key decisions taken within the entity
• Producing consolidated reports for presentation to Group Board/ Board committees, notably the Group Own Risk and Solvency Assessment (ORSA)
• Identifying emerging risks and trends across the Group entities
• Maintaining strong relationships with UK Regulators

Key Responsibilities

• Involved in the production of the ORSA, to include, helping to produce and review detailed workpapers to support the overall conclusions, and challenging the business on key developments / assumptions
• Involved in the co-ordination of the Stress and Scenario testing programme, helping to produce and present concise periodic updates to stakeholders.

Other Responsibilities

• Provide proactive advice and practical support to the business to ensure compliant processes whilst balancing operational demands
• Routinely undertake root-cause analysis of failures and near-misses to mitigate against the risk of repeat events
• Liaise with the wider Entity Risk functions to ensure the overall integrity and consistency of the business’ approach to managing conduct and risk, whilst always maintaining a proportionate outlook and relevance to the nature of the business’ activities
• Develop and maintain key stakeholder relationships across Group Corporate Governance functions
• Maintain a thorough understanding of market dynamics and emerging regulatory themes to support recommendations and encourage positive change within the Group
• Nurture a culture of awareness and understanding of key conduct and risk themes amongst the whole team

About You

Key Competencies, Behaviours & Experience

• Given the Key Responsibilities, experience of Stress and Scenario testing and / or being involved in the production of an ORSA in a financial services company is desirable, however we are happy to receive applications from candidates with a strong background in mathematics / financial modelling who can demonstrate a developed commercial awareness
• Possess an understanding of the regulatory landscape and the application of FCA rules within an intermediated insurance business
• Maintain a customer-centric outlook allied to a clear understanding of the operational processes within the business
• Be professional and organised in the approach to all accountabilities recognising that this role is key to the effective running of the business and the management of risk and reputation
• Maintain up-to-date knowledge of regulatory developments and demonstrate a willingness to share that knowledge for the benefit of the business and team
• Use initiative & proactivity to progress issues independently and quickly assimilate issues and necessary actions, seeking clarity and/or support as required to secure the right outcome
• Use highly effective planning and organising skills to support task management and problem-solving and demonstrate excellent time management capability
• Ensure that all communication is clear and appropriate for its intended audience with the ability to communicate at all levels of the organisation

About Admiral

Admiral Group is a FTSE 100 Financial Services company with a presence in eight countries. The company was set up in 1993 as a car insurance specialist, but since then the Group has expanded in other countries and other insurance verticals such as household and travel insurance, in loans, price comparison platforms, and has developed innovative products.

The Group has 7 million customers worldwide and employs over 11,000 people across its operations. Admiral is a growth story with an enviable track record of strong financial performances, ROE consistently over 50%, a turnover of £3.5 bn, and a profit before tax of £520 m in 2019.

Admiral’s philosophy is that ‘people who like what they do, do it better’ and Admiral is proud to offer an open culture where achievement is rewarded and recognised and where coming to work is exciting every day. In 2019, Admiral received a special award from ‘Best Companies to Work For’ as the only company to feature within their rankings since they began 20 years ago: a true testament to the Group’s culture.

Salary, Benefits and Work-Life Balance

We do not have a set salary for this position, as it will be dependent on the successful candidate’s experience. We are happy to see CVs from all candidates who meet the requirements and will be happy to discuss the remuneration package.

At Admiral, we are proud to be a diverse business where we put our people and customers first. We have great benefits to ensure employees have a great work-life balance; it's one of the reasons we're voted no. 1 in the 2019 Sunday Times Best Big Companies to Work For in the UK. We want you to have an element of freedom to define a working lifestyle that supports this, so accommodate flexible hours wherever possible.

Due to the Christmas Holidays we will get back to you in the new year.

Please note, we are unable to accept CVs via email.

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