Senior Financial Risk Manager (Part-Time, Job-Share and Full-Time)

Senior Financial Risk Manager (Part-Time, Job-Share and Full-Time)

Location: Flexible with regular travel to the Swindon office

The opportunity

Join our Financial Risk & Insights team within UK Risk! A unique opportunity has arisen for an experienced risk professional to work with the Head of Financial Risk and Insights, shaping and advancing the future model for the second line oversight of financial and insurance risk within Zurich’s UK Life and UK P&C businesses. Are you an experienced team leader, with a keen interest in emerging risk trends and a passion for driving change? You will be a key player to enhance our risk culture, risk management, risk reporting, and deliver targeted financial and insurance risk insights.

The role works closely with the Head of Financial Risk and Insights, with set delegations to oversee the risk actuarial teams and the delivery of delegated SM&CR responsibilities from the UK CRO. The role requires strong financial and communication skills to support engagement with a broad set of stakeholders across the UK business and Zurich Group.

The team

The Financial Risk and Insights team supports the Chief Risk Officer and works with the wider UK Risk team and Zurich Group colleagues to promote a culture of sound risk awareness, support risk identification and mitigation, and provide oversight of management’s delivery of the business strategy, aligned to the risk appetite. The team oversees first line financial risk activity in actuarial, reinsurance, investments, proposition development and pricing, engaging with a broad set of stakeholders.

What will you be doing?

As Senior Financial Risk Manager you will:

1. Support the Head of Financial Risk and Insights by taking the lead role to shape and oversee the risk actuarial work plan, collaborating with our senior risk actuaries.
2. Manage and coach a small team who work with the Zurich UK business (Life and P&C) to enhance the assessments of financial and insurance risks, with a specific focus on emerging risk and climate change risk.
3. Work collaboratively with the UK Risk team to automate and simplify the Risk reporting using data visualisation and analytics tools.
4. Guide the UK Risk technical business partnering on financial and insurance risk to support the business manage exposures within tolerances and appetite.
5. Support ad hoc assessments of key strategic and change initiatives.
6. Lead the CRO-chaired governance meetings on financial risk and model risk.
7. Oversee the UK implementation of the Zurich Group Financial Risk Framework and Model Risk Framework, maintaining local UK documentation.
8. Maintain the Stress and Scenario Framework, working with the risk, actuarial and underwriting teams to improve the modelling capability and enhance the use of the Zurich Group internal model.
9. Be a key senior member of the UK Risk team, providing guidance and support, and collaborating with the wider UK and Group team.

What are we looking for?

You must be an experienced insurance professional with strong financial skills, business acumen, and have a good understanding of the UK market and regulations. Experience of working within a technical risk actuarial team is a strong advantage.

You will also need to demonstrate:

1. Strong leadership skills and a passion for team development
2. Experience in fostering a culture of continuous improvement
3. Financial risk experience, including solvency oversight
4. Strong analytical and data visualization skills, with experience in using data and trend analysis to provide insights and support decisions
5. Ability to build strong relationships and influence senior stakeholders, delivering results through others across a diverse portfolio
6. Ability to navigate the role of a pragmatic business partner while independently challenging when necessary
7. Excellent communication skills, capable of explaining technical concepts to a broad range of stakeholders and experience of writing reports for senior stakeholders and Boards

What happens next?

As an inclusive employer we want to ensure that all candidates feel comfortable and are able to perform at their best during the interview. You’ll have the opportunity to let us know of any reasonable adjustment or practical support needed when you apply.

Who we are:

At Zurich we aspire to be one of the most responsible and impactful businesses in the world and the best global insurer. Together we’re creating a brighter future for our customers, our people and our planet.

With over 55,000 employees in more than 170 countries, you’ll feel the support of being part of a strong and stable company who are a long-standing player in the insurance industry.

If you're interested in working in a dynamic and challenging environment for a company that recognises and rewards your creativity, initiatives and contributions - then Zurich could be just the place for you. Be part of something great.

Our Culture:

At Zurich, our sense of community is strong and we’re particularly passionate about diversity and inclusion, which we’ve won numerous awards for. We want our people to bring the whole of themselves to work and ensure everybody is made to feel welcome, regardless of their background, beliefs or culture. We want our employees to reflect the diversity of our customers, and so are committed to treating all of our applicants fairly and with respect, irrespective of their actual or assumed background, disability or any other protected characteristic.

We’ve an environment that places a real importance on our people’s wellbeing from a physical, mental, social and financial perspective. We work with our wellbeing partners and industry experts to provide the best advice and access to a wealth of lifestyle support. We’re also committed to continuous improvement and we offer access to a comprehensive range of training and development opportunities.

We’re passionate about supporting employees to help others by getting involved in volunteering, charitable and community activity.

So make a difference. Be challenged. Be inspired. Be supported, Love what you do. Work for us.

The financials:

• 12% defined non-contributory pension scheme.
• Annual company bonus.
• Income Protection.
• Life cover - four times your salary.

Time away:

• 25 days holiday a year plus bank holidays.
• You can also request to swap UK bank holidays for days off that have cultural or religious significance to you.
• The option to buy up to an additional 20 days or sell some of your holiday.
• Three days paid volunteering.
• Up to 16 weeks' full pay for maternity, paternity and adoption leave.

Your health is important to us:

• Access to Private medical insurance.
• Virtual GP appointments.
• Discounted gym membership.
• Free flu jab.
• Access to a wealth of support from our wellbeing partners.

We're making a difference:

• Creating a brighter, more sustainable future underpins all that we do here in Zurich. We were the first insurer to sign the ‘UN Business Ambition for 1.5˚C’ pledge.
• Our charitable arm, Zurich Community Trust, has awarded grants and volunteered time to deserving causes in the UK valued at over £90 million.