Vacancy Information

Reference ID 198437
Job title Financial and Insurance Risk Specialist Number Required 1
Firm McKenzie Fox Hours Full Time
Address Duration Permanent
Contact Salary To be advised
Tel No End Date 10 May 2024
Number Required 1
Hours Full Time
Duration Permanent
Salary To be advised
End Date 10 May 2024
Notes FINANCIAL AND INSURANCE RISK SPECIALIST | ref.MF151. An interesting new opportunity has arisen to join our client as a Financial and Insurance Risk Specialist. KEY RESPONSIBILITIES INCLUDE: Oversight and ownership of the ORSA Framework and supporting processes. Support the Group Chief Risk Officer to ensure the Group's Boards and Audit & Risk Committees feel sufficiently informed about finance and insurance risks, whilst ensuring that business practices are commercial. Support with the review of significant strategic initiatives and report to the Board on the risk and capital assessment carried out in support of such proposals. Support with writing accurate, clear and concise reports, including the ORSA Report, for Management and the Board. Providing input to the top-of-mind and emerging risk assessments; and, providing proactive and forward looking information and assessment that supports risk-based decision making. Work closely with Line 1, particularly Finance and Actuarial, to enhance and embed appropriate monitoring measurements in response to risk exposures and risk appetite, such as key risk indicators. Regularly obtain and review the results of the monitoring measurements from Line 1. Manage the review process for Financial and Insurance Risk Policies with the relevant stakeholders. Enhance and further embed the risk and governance frameworks used to determine and manage the capital needs. SKILLS AND EXPERIENCE: An in-depth understanding of the risk and financial drivers of the life or investment sectors with relevant professional qualifications or experience in a key role. Must have an appropriate actuarial or accounting qualification. Sound understanding of different categories of risk from a technical and operational perspective. Broad commercial experience with experience in the financial services sector, particular the life and investment sectors. Experience of operating in a multi-jurisdictional environment. Experience of working in a business going through continuous upgrading, change and growth. Understanding of market knowledge and regulations/legislation within industry, ideally from the financial services sector. Demonstrate skills in effective communication, professional scepticism, due care, report writing, data analysis and training of other staff. Proven experience in the development, production and presentation of Management Information reports. Experience of involvement in the ORSA process, including policy and framework management and report production, would be an advantage. Knowledge of Risk Based Capital regimes (including Solvency II and IOM Risk Based Capital) would be an advantage. To discuss this role further or to apply, email your CV to jobs@mckenziefox.com. You can call us on 01624 698900 quoting reference MF151. Apply: https://mckenziefox.com/jobs/financial-and-insurance-risk-specialist-douglas-isle-of-man/1614-1/

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