Senior Risk Business Partner

(This is a hybrid role, and it requires travel to our Cardiff office at least once a week)

This is a fantastic opportunity for you to join the Line 1 Risk team in the Customer & Conduct Department and establish a career in Risk, Governance and Compliance.

Customer & Conduct are a first line team that sit across EUI Ltd. The Risk team are focused on supporting risk management processes and promoting consistency in risk management and Group Standards.

We are looking for a Senior Risk Business Partner to lead a team of 10 Risk Partners, whilst working very closely with specific departments in the business to support their risk management.

About the role

Effective, structured management of risk and governance will be a key factor to the continued success of the department(s) you’ll be supporting.  Your role will be drive the maturity of 1^st line risk across EUI through the delivery of risk advice at SMF level, drive continuous improvement across the risk community practices and guidance and lead the embedding of RCSA across EUI.

Job Purpose

The overall objective for the role is to lead EUI to improve and mature existing risk management practices, ensuring we secure fair customer outcomes and meet regulatory requirements, whilst exceeding customer and financial targets. It is an enabling role for the rest of the business with focus on customer excellence and value creation, with this role providing the essential risk and governance wrapper.

The successful candidate will partner closely with the relevant departments, proactively supporting them in managing their risk and governance responsibilities. Although risk and governance processes exist, we are looking for someone to identify opportunities and make recommendations for improvement, as well as lead and upskill across 1^st Line EUI.

The role will also need to collaborate closely with other Admiral governance departments, including but not limited to EUI Risk, Compliance & Regulatory Advice teams, IT as well as any third parties the areas manage. As this is a fairly new role, you will get the opportunity to shape the scope of the role, responsibilities and activities going forwards and be an advocate of the changes being made.

Responsibilities

• As a Senior Risk Business Partner you will work in partnership with the relevant department (e.g. product or operational) to drive and embed first line risk activity from a centralised team, through process mapping, risk reviews, controls testing and reporting.  Developing insights into how risk is being managed in the department and how it aligns to Admiral Strategy.
• Take Ownership of the development and maturity Risk Registers and supporting reviews, for example Risk & Control Self-Assessments (RCSA), ensuring all risks and controls are identified, consistently assessed, and have effective ownership.
• Develop relationships with stakeholders at all levels across EUI promoting best practices and continuous improvement setting future standards and challenging Exco where appropriate.
• Drive innovation in the risk management practices and procedures, in order to transform how risk is managed and mitigated across EUI.
• Challenging the resolution of risk events across EUI, ensuring customer outcomes are achieved and root cause established, with thematic trends analysed and used to drive improvement in the control environment across EUI.
• Ensure policy requirements and internal standards are met, identifying any shortfalls, and ensuring appropriate actions to address.
• Support management with SMF / Certified Manager responsibilities through the provision of risk management information, risk committee governance and insight into the operational effectiveness of controls.
• Lead and develop your team of risk partners setting out the capability for the future.

Experience and qualifications

• Prior experience of managing risks, controls and governance processes
• Proven ability to interrogate/ analyse MI and make recommendations linked to desired customer, regulatory and business outcomes.
• Experience of the external risk environment and issues that can impact us would be an advantage, as would knowledge of the general insurance market and current regulatory landscape.
• Determination, resilience and focus to achieve results without distraction or setback
• Good stakeholder management and influencing skills.  
• Previous experience of working in motor products and/or the insurance industry would be desirable.
• Proven leadership experience and developing high performing teams
• Working knowledge of the SMCR regime
• Proven experience in leading risk transformation activity and improving risk culture in large organistaions.

Additional Information

• We will review your CV within 5 working days of application and get back to you.
• We are a hybrid working team and you will be required to come to our Cardiff office 1 day per week (or more if you prefer).
• We will give you everything you need to work comfortably from home.

Please note - we may close this vacancy early if we receive lots of applications or business priorities change.

Admiral, Where You Can Be You

At Admiral you’re accepted, supported and empowered to be you. Because you’re brilliant.

We’re proud of our people-centric culture which has led us to being recognised as a Great Place to Work for Women, a Great Place to Work for Wellbeing, and an overall Great Place to Work for over 25 years! We’re committed to ensuring that at Admiral, progression is not slowed or haltered by barriers related to protected characteristics.

Benefits, and Work-Life Balance

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 consistently voted one of the 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.

All colleagues will receive 33 days holiday (including banks holidays) when they join us, and this will increase with length of service, up to a maximum of 38 days (including banks holidays). You also have the option to buy or sell up to five days of annual leave in addition to your allocation.

You can also view some of our other key benefits here.

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