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Risk Specialist

  • Salary: £36000 - £42000 per annum
  • Location: Birmingham, West Midlands
  • Sector: Risk
  • Job type: Permanent
  • Date posted:
    12 Sep 2018
  • Job reference: 31559

Leading financial planning, general insurance and bank established 1841, in recent years, it has developed a highly successful business model providing tailored financial advice and products to select professional groups, notably GPs, hospital Doctors, Dentists, Teachers and Lawyers and a range of commercial financial products for the organisations in which they are employed.

Job purpose:

  • Lead on design and implementation of the group conduct risk framework
  • Lead on the delivery of the group's emerging risk framework deliverables including board level reporting
  • Facilitation of the group's top down risk assessment process
  • Provide constructive challenge to the overall risk function by leading on the integrated risk management maturity assessment process

Main responsibilities:

  • To lead on the ongoing development of our conduct risk strategy and framework, including policy, processes and training
  • Provide support and challenge to the business on the management of their conduct risks
  • Periodically produce the group conduct risk report in line with framework requirements
  • Lead the periodic review of emerging risks across the group, producing and presenting any associated reporting
  • Facilitate the top down risk assessment process, providing 2nd line challenge to risk owners where required. Produce and present the summary report to senior management
  • Lead, with support of the risk function, the integrated risk management maturity assessment process, producing and presenting the associated reports for senior management
  • Contribute to the assessment of key significant business projects/changes/transactions and the determination of the overall impact of these on the integrated risk profile and the IRM framework
  • Support the Operational Risk Manager in the generation and review of risk scenarios
  • Work closely with other risk colleagues and control functions, both internally and externally, to share experience on risk and risk management
  • Monitor developments regarding the principles, rules, guidance, interpretations and other pronouncements of the regulators regarding risk assessment and management
  • Facilitate the building of a risk aware culture within the organisation including appropriate education in line with the training and communications strategy
  • Undertake any reasonable project or activity associated with this role, as directed by the Operational Risk Manager

Key skills and competency requirements:


  • Likely to be educated to degree level with relevant professional qualifications
  • Excellent written and verbal communication skills and ability to present information to the board
  • Ability to provide qualitative and quantitative risk analysis
  • A good understanding of the universe of risks that may impact the group
  • Ability to challenge assessments of risks in a professional manner
  • A good understanding of cost-effective risk management
  • Excellent attention to detail
  • Ability to work on own initiative
  • Ability to network internally to get results
  • An organised and flexible approach to work
  • Up to date knowledge management techniques
  • Good persuasive skills to convince others
  • Excellent interpersonal and communication skills


  • Conduct risk management experience
  • Experience of working in a UK insurance company environment
  • Understanding of other financial and non-financial risk types

Please visit the IDEX Consulting Ltd website for further opportunities. If your application is successful, we aim to contact you to discuss the opportunity in more detail within 2 working days. Due to the overwhelming application response we receive through various sources, should you not hear from us within one week then please assume your application has been unsuccessful. If your application is unsuccessful, the information supplied may still be retained for up to 3 years for use in connection with future vacancies. For full information on how we use your data, please visit the IDEX Consulting website and view our Privacy Policy.

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