Financial and Insurance Risk Specialist

Posted 22 January 2024
Salary £43000 - £45000 per annum
LocationIsle of Man
Job type Permanent
Discipline Risk
Contact NameElla Nibloe

Job description

Role: Financial & Insurance Risk Specialist

Line Manager: Head of Risk

Location: Isle of Man

Ready for a change? 2024 could mark the start of a new chapter for you - a new year, a new career, and perhaps a new location. Explore this exciting opportunity in Douglas, Isle of Man. We welcome applications from Isle of Man residents or those open to relocating to this vibrant location. Take a leap towards a fresh start!

Our Risk Strategy This business embraces risk for rewards within a proportionate and commercially attuned risk management framework. This strategy supports the achievement of strategic objectives without exceeding the defined Risk Appetite.

Purpose of the Role As the Group Financial & Insurance Risk Specialist, oversee and challenge capital, credit, market, liquidity, and insurance risk. Lead the Group Own Risk and Solvency Assessment (ORSA) in collaboration with Finance and Actuarial teams. Provide insights, advice, and constructive challenges to stakeholders at all levels.

Experience Required

  • In-depth understanding of risk and financial drivers in the life or investment sectors.
  • Extensive commercial experience in the financial services sector.
  • Multi-jurisdictional experience in a growing business.
  • Skills in communication, data analysis, and report writing.
  • Proven experience in developing and presenting Management Information reports, including involvement in the ORSA process.

Personal Capabilities

  • Self-starter with investigative mindset.
  • Ability to challenge and engage with stakeholders.
  • Strong organisational and planning skills.
  • Independence and teamwork skills.
  • Excellent numerical skills for analysing complex financial and risk data.

Key Contributions: Line 2 Risk Oversight

  • Support Chief Risk Officer and Head of Risk in keeping Boards informed about finance and insurance risks.
  • Compliance with Risk Appetite Statements, recommending improvements.
  • Review and report on Risk Appetite Statements, proposing suitable tolerances.
  • Review strategic initiatives, reporting on risk and capital assessments to the Board.
  • Ensure the Group operates within its risk management framework.
  • Write accurate, clear, and concise reports, including the ORSA.

Key Contributions: ORSA Framework, Policy, and Report Delivery

  • Oversee the ORSA Framework, enhancing processes based on feedback.
  • Manage the timetable for delivering the ORSA report, engaging stakeholders for input.
  • Provide ongoing measurement and monitoring of the Solvency Capital Ratio.

Key Contribution Area: Team and Culture

  • Take personal responsibility for clear objectives aligning with the business plan.
  • Identify and implement a personal development plan and support team members as needed.
  • Demonstrate understanding of core values, fair treatment of customers, and strategic deliverables.

Apply now to discover all of the benefits associated with a move to the Isle of Man now!