Risk Officer

Job Description

Company DescriptionRisk OfficerBasingstokeReassured Ltd is the largest non-advised life insurance intermediary in the UK with established locations in Basingstoke, Portsmouth, Southampton, Manchester, Bristol, Bournemouth and Chester.We launched our new Advised business offering in 2021 and continue to grow our sales and support teams across the entire business this year. We arrange over 15,000 new customer life insurance policies per month with leading sales conversions and customersatisfaction metrics. The business is outbound, B2C sales from internet generated customer enquiries.Job DescriptionReporting to the Head of Risk, the Risk Officer will provide oversight and challenge across risk management activity across Reassured, in accordance with the Risk Management Framework, providing pragmatic and proportionate risk advice and support to thebusiness. Working closely with the Head of Risk, to ensure efficient systems and controls are in place to manage risk.Key Responsibilities

• Support and provide advice on the execution of effective risk management to key stakeholders;
• Ensure business incidents are raised, recorded, and managed appropriately;
• Assist with the implementation of departmental Risk and Control Self Assessments (RCSAs) across Reassured;
• Working with key stakeholders to develop and improve risk management and the control environment;
• Support the embedding and monitoring of risk appetite through ongoing engagement with key stakeholders;
• Manage and maintain the Reassured Strategic Risk Register, including annual refresh of risks, risk appetite statements and Key Risk Indicators;
• Continually reviewing and providing recommendation for enhancing our current Key Risk Indicators and risk reporting of our risk appetite position;
• Provide oversight and support to the business on identification and management of emerging and inherent risk;
• Assist in the delivery of risk management training and provide ongoing coaching for stakeholders across the business, providing continued support;
• Provide risk expertise to key projects and change initiatives in an advisory capacity to ensure project risks are identified early and the control requirements are clearly specified and included as part of delivery;
• Review and maintain key risk policies;
• Develop a control methodology and test plan, with appropriate reporting of the Reassureds control environment through the relevant risk reporting and governance forums; and
• Prepare risk reporting as and when required.

QualificationsKnowledge

• In-depth technical knowledge of risk management and best practice
• In depth knowledge of implementing and embedding a Risk Management Framework

Essential Skills

• Ability to diagnose and articulate material weaknesses and identify proportionate and pragmatic solutions
• Ability to develop and maintain strong relationships with key stakeholders across the business, with the ability to influence at Senior Manager, Director and Exec Director level;
• Excellent written and oral communication skills
• Awareness and understanding of operational, conduct and enterprise risk
• Ability to be able to provide proactive, pragmatic, and proportionate risk advice on inherent and emerging risk
• Ability to analyse data and make clear decisions
• Ability to build stakeholders relationships across all levels of the business, including Executive Management and Board members
• IT literate, especially with MS Word, Outlook, and Excel
• Excellent time management and organisational skills to effectively to deliver on the needs of the business

Essential Experience

• Previous experience (a minimum of 3 years) in a risk management role (first or second line of defence), or as a consultant, within the financial services industry;
• Previous experience in implementing and embedding Risk Management Frameworks and supporting processes;
• Previous experience in operational and conduct risk.

Desirable Experience

• Previous experience (a minimum of 3 years) in a risk management role (first or second line of defence), or as a consultant, within an insurance brokerage and/or insurer.

Key Competencies

• Attention to detail, accuracy, and the ability to prioritise to tight deadlines
• Excellent communicator with the ability to build strong relationships with key stakeholders and, engage and/or influence across all levels
• Commercially aware
• Strong presentation skills
• Tact, discretion, and respect for confidentiality
• Ability to work in both a proactive and reactive manner to meet individual requirements.

Qualifications

• Educated at degree level preferred
• Risk qualifications desirable, e.g., IRM or equivalent

Additional InformationReassured Ltd is the UKs largest provider of Life Insurance. Reassured Ltd is an Equal Opportunity Employer with a strong commitment to the achievement of excellence and diversity among its employees.