Head of Risk & Compliance (Insurance)
10 Days Old
Job Description
My client is currently seeking a HEAD OF RISK & COMPLIANCE to lead the development of their risk management and compliance frameworks, ensuring the organisation operates within risk appetite, and supports healthy growth whilst meeting regulatory standards.
Key Responsibilities:
- Take the role of key regulatory liaison for the business, taking responsibility for FCA/PRA regulatory submissions, notifications, and supervisory engagement.
- Oversee policies, procedures and controls aligned to regulatory and governance standards. Advise on regulatory change, interpreting any new or evolving requirements and supporting recommended actions, monitoring through to completion.
- Ensure effective management of regulatory breaches, incidents and remediation plans.
- Support Consumer Duty implementation, including outcome testing and board reporting.
- Design, embed and maintain the compliance monitoring program, ensuring proportionate testing and timely issue remediation.
- Own the development and embedding of the risk management framework, maintaining a close focus on risk appetite (including KRIs and tolerances).
- Lead and support the identification, assessment and reporting of risks across underwriting, finance, claims and reserving, operations, IT, outsourcing, compliance and reinsurance.
- Utilise risk methodologies and techniques to produce high quality reporting for the Executive, Board and Committees, including analysis of emerging risks.
- Oversee the ORSA process, coordinating inputs and ensuring regulatory-compliant documentation and challenge where necessary.
- Provide robust independent challenge to underwriting strategy, new products, reinsurance arrangements, and material change initiatives.
- Support stress and scenario testing, and capital risk assessment (in close conjunction with the Actuarial and Finance functions within the business).
Key Skills & Experience Required:
- Significant experience in risk and/or compliance leadership in the General Insurance sector.
- Excellent knowledge of PRA and FCA regulation, UK Solvency and Governance expectations.
- Proven experience engaging with Boards, Committees and regulators (FCA/PRA).
- Ability to balance commercial pragmatism with regulatory rigor.
- Exposure to rating agencies (e.g. AM Best).
- Prior experience in an 'SMF' approved function would be appealing, but not essential.
- Degree in relevant discipline (e.g. Risk Management, Finance, Business) and/or professional risk management qualifications (e.g. IRM, CII) would be advantageous.
If this sounds like it could be of interest to you, please click 'Apply' today - or for more information, contact Terry Wetters (Founder/Director): 07891 708 941 / terry@barleycorn.io
- Location:
- Manchester
- Job Type:
- FullTime
- Category:
- Business
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