Governance and Risk Manager

4 weeks ago


London, United Kingdom Bruin Full time

Job Title: Governance and Risk Manager

Company: Our client is a dynamic and forward-thinking Lloyd’s Syndicate whom are committed to excellence in governance, risk management, and internal controls. We are seeking a talented Governance and Risk Manager to oversee and integrate assurance activities from Internal Audit, Risk Management, and Compliance. This is a unique opportunity to lead and enhance assurance processes, reporting directly to the Chief Risk Officer.

Key Responsibilities:

Combined Assurance Framework:

  • Develop and maintain a comprehensive Combined Assurance Framework to ensure effective governance, risk management, and internal control processes.

Assurance Activities:

  • Lead the implementation of recommendations and actions arising from combined assurance reports.
  • Manage and oversee assurance activities and projects to enhance overall risk management.

Compliance Monitoring:

  • Develop compliance monitoring activities and key risk indicators (KRIs) for the Risk and Compliance Committee.
  • Monitor adherence to regulations, policies, and standards, conducting risk and compliance assessments.

Internal Controls and Risk Self-Assessment:

  • Oversee the internal controls and risk self-assessment framework, including tracking actions and continuously enhancing controls.

Control Testing Framework:

  • Develop, implement, and execute an appropriate control testing framework based on risk and performance factors.

Audit and Reporting:

  • Assist in designing the internal audit program, scoping internal audits, and participating in ad hoc audits.
  • Review reports on the managing agency and managed Syndicate produced by external audit, internal audit, and independent review.

Stakeholder Liaison:

  • Liaise with business areas to support the implementation of recommendations from internal and external audit reports.
  • Interact with the first line on risk and compliance matters, providing support to a quarterly risk assessment group.

Planning and Reporting:

  • Assist in drafting the Annual Compliance Plan and Annual Risk Management Plan.
  • Provide training and guidance on assurance-related topics.
  • Prepare the combined assurance report for submission to the Audit Committee.

Technology Integration:

  • Collaborate with operations to lead technological improvements, enhancing the monitoring, reporting, and effectiveness of assurance activities.

Mentorship and Team Support:

  • Provide guidance and mentorship to junior members of the risk and compliance team.
  • Assist in other Risk, Governance, and Compliance matters or projects as appropriate.

Knowledge and Skills Required :

Technical:

  • Advanced knowledge of insurance risk, capital modelling, catastrophe modelling, and statistics.
  • Thorough understanding of statutory employment policies, company/compliance policies, and FCA rules and guidelines.
  • Familiarity with regulatory requirements such as Lloyd’s and Companies Acts, DPA, and anti-money laundering.
  • Commitment to continuing professional development.

General:

  • Strong planning, communication, interpersonal, and decision-making skills.
  • Highly organized with the ability to meet customer needs promptly.
  • Effective problem-solving and data analysis capabilities.
  • Adherence to service standards and the ability to provide a high level of service.

IT Skills:

  • Proficiency in Microsoft Word, Excel, and Outlook.
  • Accurate keyboard and data input skills.
  • Familiarity with in-house systems such as Skyline, Cascade, Decision Focus, and ClauseMatch.



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