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Risk Officer

Employer
Hiscox
Location
London / Colchester / York / Homeworking
Salary
£55,000 - £75,000 +bens+bonus+10%pension
Closing date
27 Aug 2021
Reference
PCK498-30969

Job Details

Position: Risk Officer
Reporting to: Group Risk Director
Type: Permanent

Role description:

This multi-faceted role offers an exciting opportunity for a risk professional. You will support the Group's central Risk Team in coordinating and carrying out risk management activities spanning across various geographical business units and legal entities. Exposure to different regulatory regimes operating across multiple jurisdictions, alongside understanding the complexity of operating within a group framework will provide the successful candidate with an excellent foundation in Enterprise Risk Management. There is frequent exposure to key internal and external stakeholders and the role also involves providing credible second line challenge to the business.

The Team:

The Risk team is responsible for facilitating the implementation, delivery and oversight of Hiscox's Risk Management Framework which includes risk appetites, emerging risks and incident capture and analysis operating to a three lines of defence risk management model. As a second line function, the Risk team balances its role of supporting the business with its responsibility to provide credible, effective challenge. The team produces high profile reporting that is seen by Executives, Boards and Risk Committees both at a Group level and for subsidiary legal entities. In some instances this reporting is also provided to regulators.

Key responsibilities:

  • Provide support to the Group Risk Function in delivering its objectives.
  • Support the Risk Function in managing and embedding: the Risk and Control Self-Assessment (RCSA) process; Group risk policies; the Risk and Control Register (RCR); Internal Controls Framework (ICF); and Critical Risk Tracker.
  • Assist with the preparation of papers and documents to be discussed at Board level and Executive level Risk Committees.
  • Support the production of the Own Risk and Solvency Assessment (ORSA) reports across the Group, leading in selected areas or for specific legal entities.
  • Support the analysis of reported risk events and consider how external datasets can be used to help inform internal analysis.
  • Contribute to business second line challenge through involvement in stakeholder meetings and specific risk reviews.
  • Stay abreast of regulatory developments in respect of risk management and the commensurate requirements and implications to the business.
  • Take a role in the delivery of regulatory requirements including submissions to a range of regulators of the Hiscox group.


Qualification / Technical experience:

  • Proven knowledge or experience of Enterprise Risk Management or a focused risk area. Risk experience through insurance audit, compliance or consultancy roles will be considered.
  • Solid understanding of key enterprise risk techniques and related common good practice along with some deep knowledge and experience in key risk types as applicable to retail / commercial (re)insurance.
  • Experience in meeting corporate and regulatory requirements and related reporting.
  • Motivate and collaborate: leverage strong interpersonal skills to interact with, influence and encourage risk owners and business stakeholders to positively respond to questions, inquiries and requests for information; also, be genuinely open to receiving and integrating feedback.
  • Qualification or progress towards qualification in related field (e.g. risk management, insurance, finance, accounting).
  • Knowledge of Lloyd's market is advantageous.

 

Diversity and Working Patterns

At Hiscox we care about our people. We hire the best people for the job and we're committed to diversity and creating a truly inclusive culture, which we believe drives success. We have also learned over the past 15 months that working life doesn't always have to be in the office, and when it's safe to do so, we will be introducing hybrid ways of working to encourage a healthy work life balance.

We anticipate the successful candidate for this role will be in the office up to 3 days a week.

We see it as the best of both worlds: structure and sociability on one hand, and independence and flexibility on the other.

Company

As an international specialist insurer, and FTSE100 company, we are far removed from the world of mass market insurance products. Instead we are selective and focus on our key areas of expertise and strength - all of which is underpinned by a culture that encourages us to challenge convention and always look for a better way of doing things.

We insure the unique and the interesting. And we search for the same when it comes to talented people. Hiscox is full of smart, reliable human beings that look out for customers and each other. We believe in doing the right thing, making good and rebuilding when things go wrong. Everyone is encouraged to think creatively, challenge the status quo and look for solutions.

Scratch beneath the surface and you will find a business that is solid, but slightly contrary. We like to do things differently and constantly seek to evolve. We might have been around for a long time (our roots go back to 1901), but we are young in many ways, ambitious and going places.

Some people might say insurance is dull, but life at Hiscox is anything but. If that sounds good to you, get in touch.

You can follow Hiscox on LinkedIn, Glassdoor and Instagram (@HiscoxInsurance)

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