Financial Risk Manager

Job Title: Financial Risk Manager - 6 - 12 month contract

Base Location: This role is based at the clients head office in London.

Work Pattern: The team work on a Hybrid work pattern, ideally looking at 2 days a week in the office.

This is a brilliant opportunity to join a dynamic Risk team at one of the UKs largest Insurance businesses. Reporting directly to the Head of Capital & Reinsurance you would be leading the analysis of financial risks across the business, ensuring a robust understanding that will support key decisions, especially around capital management. You will work closely with multi-disciplinary teams across our CFO office, Financial Risk, and wider business, playing a pivotal role in shaping and managing our risk mitigation strategies.

What will you be doing?

• Leading the development and maintenance of stress testing tools, translating risk events into financial impact on profit and loss statements and balance sheets (IFRS17 and Solvency II).
• Ensuring governance and control frameworks for these tools, maintaining documentation and adhering to model governance standards.
• Producing stress tests that inform key decisions, including half-year and year-end Combination Stress scenarios and reverse stress tests.
• Managing capital management scenario analysis for full-year and half-year reporting.
• Leading work on the Solvent Exit Planning as required by the PRA.
• Leading regulatory stress testing exercises such as the General Insurance Dynamic Stress Test and Climate Biennial Exploratory Scenario.

What will you need to do it?

• You would need to have a solid amount of Financial Risk experience ideally working within the Insurance industry, we are happy with Life as well as GL experience.
• Ideally you would have good mentoring experience as you would be supporting part-qualified actuaries.
• Ideally you would have exposure to both Solvency 2 and IFRS17.

Seniority level

Associate

Employment type

Contract

Job function

Finance and Other

Industries

Insurance