Head of Non-Financial Risk (Lloyd's)
New Yesterday
Job Description
Opportunity for a Head of Non-Financial Risk with a Global Reinsurer/Specialty Insurer within Lloyd's Market.
You will lead the implementation and embedding of the Non-Financial Risk (NFR) framework, ensuring effective identification, assessment and management of non-financial risks in line with the ERM framework, strategic objectives and regulatory requirements. Oversee supporting tools and systems (e.g., GRC platforms).
Key Responsibilities
- Monitor and report non-financial risk exposures and controls to senior management and governing bodies, ensuring regulatory compliance (PRA, FCA, Lloyd’s).
- Provide timely risk advice, challenge and opinions on strategic initiatives, change programmes and new products.
- Support development and embedding of risk appetite metrics, emerging risk assessment and scenario analysis.
- Build strong relationships across the business and develop subject-matter expertise in key areas.
- Report the overall non-financial risk profile, including exposure levels, control effectiveness and key incidents.
- Contribute to ORSA production and risk reporting to senior committees and the Board.
- Participate in governance forums and escalate material risks as needed; deputise for the Head of ERM in external interactions.
- Collaborate with Legal, Risk & Compliance, Internal Audit and other functions to ensure comprehensive oversight.
- Maintain relationships with internal stakeholders and external advisers.
- Support risk training and awareness to strengthen risk culture.
- Drive best practice in identifying and assessing non-financial risks and controls.
- Support change initiatives and enhancements to the Legal, Risk & Compliance operating model.
- Lead and develop team members as applicable.
Knowledge and Skills
- Relevant risk qualification or equivalent experience.
- Strong insurance knowledge; UK and Lloyd’s market experience desirable.
- Solid understanding of the risk management environment.
- Strong stakeholder management and ability to challenge constructively.
- Change-oriented mindset with experience leading teams through change.
- Excellent report writing and Board-level communication skills.
- High accuracy, attention to detail and strong organisational skills.
- Degree and/or relevant professional qualification.
- Location:
- London
- Job Type:
- FullTime
- Category:
- Finance And Insurance
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