Senior Risk Manager

Our client, a major insurance firm based in Telford is seeking a Senior Risk Manager to join the team. The purpose of the role would be to provide independent oversight of financial and insurance risks within the ReAssure business by taking responsibility for the production of regular risk reporting on risks and the undertaking of periodic risk reviews.

Responsibilities:
*Assist the team's production of regular risk reporting, which includes the company's Own Risk and Solvency Assessment (ORSA). This will include the following tasks:
oCommunicating and agreeing with stakeholders the delivery dates for quantitative inputs in to the risk reporting
oContinually improving the report to meet the needs of the Risk Committee and Senior Management
oProviding commentary and input to the report

*Assist the team's production of the annual Stress and Scenario Testing exercise for the ORSA. This will include defining the stresses and calibrations to run, agreeing deliverables with external stakeholders and assisting in authoring this section of the ORSA.

*Assist the team in its role of validating the company's Solvency II Partial Internal Model. This will include providing opinion and review of the technical documents driving the model's design, reviewing approaches to the calculation of stressed balance sheets, and coordinating the different views of other Risk Management functions.

*Perform regular risk reviews as they arise within the Risk Assurance Plan

*Validate the business's compliance with the Use Test requirements of the Solvency II Partial Internal Model

*To provide risk input in to projects as they arise, including merger and acquisition activity

*Collaborate with other Risk functions to enable reviews of investment strategy

*Continual development and monitoring of the risk appetite framework for the business
The Ideal candidate would have the following:
*The applicant should be nearly or newly qualified with Institute and Faculty of Actuaries
*A good understanding of life insurance modelling and projection techniques
*Prepared to speak up on issues and coordinate solutions amongst different stakeholders
*Ability to communicate complex Actuarial and Statistical concepts in non-technical terms
Flexibility to work in an environment which must respond to changes in the business's needs
*Knowledge of the requirements of Solvency II in relation to the Risk Function
*Background in risk modelling
*Previous life insurance experience
*Basic report writing experience

Badenoch & Clark is acting as an Employment Agency in relation to this vacancy. Badenoch & Clark is an Equal Opportunity Employer and a registered Disability Symbol User.