Company Overview: Our client is a leading global insurer. As part of our strategic approach to risk management, we are seeking a highly skilled and experienced Enterprise Risk Manager to join our team. The successful candidate will play a crucial role in enhancing our enterprise risk management (ERM) framework and ensuring the company's long-term resilience.
Job Summary: The Enterprise Risk Manager will be responsible for developing, implementing, and overseeing the enterprise risk management framework. This role involves identifying, assessing, and mitigating risks across various business units to ensure the organization's financial stability and compliance with regulatory requirements. The ideal candidate will have a deep understanding of the insurance industry, strong analytical skills, and the ability to collaborate effectively with cross-functional teams. Key Responsibilities:
Risk Identification and Assessment:
Lead the identification and assessment of risks across the organization, considering both internal and external factors.
Collaborate with business units to conduct risk assessments and evaluate the potential impact on the company's objectives.
ERM Framework Development:
Develop and enhance the enterprise risk management framework to align with industry best practices and regulatory requirements.
Implement tools and methodologies for measuring and monitoring risk exposures.
Risk Mitigation and Control:
Work closely with business units to develop and implement risk mitigation strategies and action plans.
Monitor the effectiveness of risk controls and recommend adjustments as needed.
Reporting and Communication:
Prepare comprehensive risk reports for senior management and the board of directors.
Communicate risk findings and recommendations clearly and concisely to various stakeholders.
Regulatory Compliance:
Stay abreast of regulatory changes impacting the insurance industry and ensure the company's compliance with relevant laws and regulations.
Work with legal and compliance teams to address regulatory requirements.
Collaboration and Training:
Collaborate with business units, internal audit, and other stakeholders to foster a risk-aware culture within the organization.
Provide training and guidance on risk management principles and practices.
Qualifications and Skills:
Bachelor's degree in Risk Management, Finance, Business, or a related field; advanced degree or professional certification is a plus.
Proven experience in enterprise risk management within the insurance industry. (Lloyds or London market preferable)
Strong analytical and quantitative skills, with the ability to interpret complex data and make informed decisions.
Excellent communication and interpersonal skills, with the ability to interact effectively with all levels of the organization.
In-depth knowledge of regulatory requirements related to insurance and risk management.
Familiarity with risk management software and tools.
