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Group Risk Officer

  • Salary: £95000 - £110000 per annum
  • Location: London
  • Sector: Compliance
  • Job type: Permanent
  • Date posted:
    29 Jul 2019
  • Job reference: 32774
  • A fast-growing evolving broking group has an exciting opportunity for a Chief Risk Officer
  • The primary purpose of this role is to create and implement the Group risk and compliance strategy, advise and support the Executive Committee on all risk, regulatory and compliance issues
  • Championing best practice and adherence to the group compliance and regulatory policies and procedures
  • Assessing and mitigating financial, competitive, regulatory, reputational, operational, technological and security/cyber threats across the group of companies
  • To lead in the determination of the groups risk appetite and advising the Executive Committee
  • Creates the vision and purpose for the risk and compliance function maintaining a pragmatic business focused framework
  • Responsible for ensuring that the governance, risk, compliance and control frameworks across the group are operating effectively
  • To manage the relationships with regulatory bodies
  • Act as an ambassador to prompt a compliance culture across the group ensuring the highest standards of compliance behaviour and to raise awareness of regulatory requirements and compliance policies



Principle Objectives & Responsibilities

  • Leadership accountability for the group risk and compliance services and agency teams
  • Ensuring the timely and accurate reporting of all regulatory returns, notifications and applications and maintaining an open and cooperative relationship with the FCA
  • To deliver the group risk governance and regulatory conduct framework in line with group principles and culture, taking overall responsibility for the advice, management and development in relation to these frameworks
  • To advise the Executive and all stakeholders in the implementation of risk and compliance matters in relation to any strategic changes
  • To manage the risk and compliance team and provide leadership and supervision to them and their work
  • To ensure the completion of regulatory returns and be the key relationship contact for the FCA and ICO
  • Ensure all strategic, financial and operational risks are identified and recorded and that action plans are tracked through to completion
  • To review each such incident of actual or near non-compliance and work with the business to remediate incidents of non-compliance and advise senior management on preventative strategies to avoid potential non-compliance issues
  • Monitor the implementation and progress of action plans designed to correct incidents of non-compliance or risk mitigation
  • Technical authorship and delivery of compliance-based communications, policies and training presentations and material as required
  • Develop and maintain regulatory awareness amongst all staff
  • Maintain an up to date high level of knowledge and understanding of UK regulations, including the FCA Handbook, money laundering regulations, sanctions, GDPR, treating customers fairly and their implications upon the business activities of the group



Key Competencies

  • Decision making
  • Excellent communication skills
  • Strategic planning
  • Risk management
  • Commercial awareness
  • Analysis skills
  • Leading through change
  • Driving business performance
  • Strong relationship skills
  • Developing self and others
  • Ability to challenge Executive and board Members constructively
  • Ability to manage conflicting priorities
  • Ability to apply initiative and creativity in considering/sourcing options and solutions



Essential:

  • Degree or MBA or equivalent (focus on economics and/or accounting)
  • Experience in the financial services industry working specifically in a risk, compliance and audit role
  • Advanced knowledge of FCA Regulation and its application within the general insurance industry
  • Track record of liaising and dealing with the FCA



Desirable

  • Knowledge of general insurance retail broking
  • Experience of risk and compliance due diligence in an M&A environment


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