Risk Manager, Enterprise Risk Management

1 month ago

London, Greater London, United Kingdom The Travelers Indemnity Company Full time
Who Are We?

Taking care of our customers, our communities and each other. That's the Travelers Promise. By honoring this commitment, we have maintained our reputation as one of the best property casualty insurers in the industry for over 160 years. Join us to discover a culture that is rooted in innovation and thrives on collaboration. Imagine loving what you do and where you do it.

Job Category

Risk Control

Target Openings

1

What Is the Opportunity?

This role is a newly created, and prominent, role in the Enterprise Risk Management ('ERM') Team supporting the UK/EU Chief Risk Officers ('CRO') and ERM Senior Actuary. Under general supervision, this role supports the Travelers Europe ERM programme by working with Risk and Control Owners (aka subject matter experts) in the business units (or the first line of risk management) to develop and embed the Travelers Europe Risk Management Framework ('RMF') in view of business plans.

This role works across all principal risks (Insurance, Market, Operational, Credit, Liquidity and Strategic) through working with other experts including but not limited to, Actuarial, Catastrophe Aggregation, Compliance/Legal and Corporate Audit teams to develop risk mitigation and resilience. This role also works with the ERM Senior Actuary to develop and deliver value adding model validation and review of the capital modelling capabilities that support business financial decision making. This role assists with fulfilling regulatory requirements and consistently applying the RMF including the Capital Model and its uses and limitations.

The Risk Manager provides advice, guidance and challenge, and drives engagement of ERM with key internal stakeholders and produces reports suitable for external parties. This role does not have direct line management responsibility.

Learn more about Travelers Europe Enterprise Risk Management by watching these insightful videos, providing you with a comprehensive understanding of our functions and the exciting opportunities that await you:

Travelers Europe currently offers flexibility to employees who wish to work on a hybrid basis in accordance with our Hybrid Work Arrangements Policy. This entails full time employees working three days a week in the office and two days at home (or pro rata for part-time employees). This policy may be changed at the Company's discretion.What Will You Do?
  • Is a relationship manager for the business units ('BU'), through ad hoc and regular Risk and Control Self-Assessment ('RCSA') meetings, to ensure full and consistent understanding of risk assessments, and to communicate the expectations Risk and Control Owners need to meet. Ensures there is strong collaboration across other lines of risk management.
  • Works with business owners to identify and assess the internal control environment leading the reporting of risk events and challenging business actions to remediate deficiencies; and reports findings, recommendations and updates to the Boards and Committees.
  • Reviews and challenges quarterly risk rating updates and risk exposure reports, using experience and external benchmarking. Escalates priority items, unresolved or unexplainable issues to the CROs and Risk Owners.
  • Collaborates with BU to identify and mitigate emerging risks often through working on transformation / strategic projects as the ERM subject matter expert.
  • Collates and aggregates financial and non-financial risk exposure data, preparing risk reports for Boards and Committees e.g., risk appetite performance and risk register summaries. Assists with verifying the effectiveness and functioning of remediation activities as they progress and/or complete.
  • Develops and maintains ERM documentation (frameworks, policies and process definitions) and updates/produces risk reports owned by the Travelers Europe Boards e.g., ORSA, Risk Book (aka ORSA Record), Operational Resilience Self-Assessment and others.
  • Assists with preparing the Validation Report to Prudential Regulation Authority ('PRA') and Lloyd's requirements and other documents that may be required, including the Validation Policy and Validation Standards and supporting documentation. Assists with monitoring compliance of validation processes in line with regulatory requirements reporting to the Model Oversight Committee.
  • Assists with the design and implementation of stress tests to be carried out on risk types modelled in the Travelers Europe Capital Models in order to provide sufficient objective review and challenge on the functioning of the model and accuracy and appropriateness of its outputs for all model uses.
  • In partnership with model parameter owners, assist with the design and implementation of appropriate tests to provide. objective review and challenge of model inputs and the expert judgement involved in preparing those inputs.
  • Assists with carrying out any specific validation tests required by regulations and guidance from the Central Bank of Ireland, Prudential Regulation Authority and Lloyd's, including Profit & Loss Attribution and Stress & Scenario testing.
  • Assists with communicating the outcomes of all tests carried out to Model Oversight Committee, the ERC and the Boards; assists with communicating the impact and consequences of any failed tests and working with stakeholders to develop timescales and priorities for resolution.
  • Perform other duties as assigned.
What Will Our Ideal Candidate Have?
  • Project management - experience of working with functional management and building good relationships required, including the ability to manage and make significant contributions to risk projects and report/present to stakeholders using Microsoft tools.
  • Bachelors degree or higher in a numerate subject - Studying towards, or holds, MBA, Casualty Actuarial Society (FCAS), Fellow of the Institute and Faculty of Actuaries (FIA), Chartered Financial Analyst (CFA), Financial Risk Manager (FRM) or similar.
  • Insurance - Chartered Insurance Institute (CII), Lloyd's Market Association (LMA) or others that are similar.
  • Risk Management - Institute of Risk Management (IRM) or Federation of European Risk Management Associations (FERMA) or others that are similar.
What is a Must Have?
  • Qualifications and/or experience of quantitative (or financial) and non-quantitative (or non-financial) risk management methods and tools in the UK/EU insurance industry.
What Is in It for You?
  • Private Medical Insurance: On commencement of employment, you are eligible for single cover provided by Travelers, with the option to add cover for your dependents, at your expense through payroll deduction.
  • Retirement: Travelers will make a core contribution of a percentage of salary to your Pension Plan. Additionally, if you decide to contribute to the plan, you will receive an increased company contribution.
  • Holiday Entitlement: Start your career at Travelers with a minimum of 25 days holiday entitlement annually, plus the opportunity to purchase additional days to allow for up to a total of 35 holidays per year.
  • Wellness Programme: The Travelers wellness programme is comprised of tools, discounts and resources that empower you to achieve your wellness goals and caregiving needs. In addition, our mental health programme provides access to free professional counseling services and other resources that support your daily life needs.
  • Volunteer Encouragement: We have a deep commitment to the communities we serve and encourage our employees to get involved. Travelers has a Matching Gift and Volunteer Rewards programme that enables you to give back to the charity of your choice.
Employment Practices

Travelers is an equal opportunity employer. We value the unique abilities and talents each individual brings to our organization and recognize that we benefit in numerous ways from our differences.

If you are a candidate and have specific questions regarding the physical requirements of this role, please send us an email so we may assist you.

Travelers reserves the right to fill this position at a level above or below the level included in this posting.

To learn more about our comprehensive benefit programs please visit

  • Risk Senior Specialist

    7 days ago

    London, Greater London, United Kingdom Audit and Risk Recruitment Full time £40,000 - £50,000

    Enterprise Risk and Assurance Specialist £2-3 days in office, central London Audit & Risk Recruitment are delighted to assist one of our clients, one of the largest law firms in the world to source an Enterprise Risk and Assurance Specialist. This is an exciting opportunity to join a dynamic and growing enterprise risk teams within a globally renowned...

  • Manager Enterprise Risk Management

    7 days ago

    London, Greater London, United Kingdom Philip Morris International Management SA Full time

    Possible job locations: London, Lausanne, Stamford CT, Dubai Be a part of a revolutionary change At PMI, we've chosen to do something incredible We're totally transforming our business and building our future on one clear purpose – to deliver a smoke-free future. With huge change, comes huge opportunity. So, wherever you join us, you'll enjoy the...

  • Principal, Enterprise Risk Management

    7 days ago

    London, Greater London, United Kingdom Ares Management Corporation Full time

    Enterprise Risk Management (ERM) Lead, EMEA page is loaded Enterprise Risk Management (ERM) Lead, EMEA Apply locations London, UK time type Full time posted on Posted 2 Days Ago job requisition id R5052 Over the last 20 years, Ares' success has been driven by our people and our culture. Today, our team is guided by our core values – Collaborative,...

  • Fire Risk Assessor

    7 days ago

    London, Greater London, United Kingdom PIB Risk Management Full time

    Job AdvertJoin our dynamic Risk Management team as a Fire Risk Assessor Retail & Commercial Educational premises Industrial and workshops Residential properties. Residential care premisesYou will be responsible for covering London and the South of England. Depending on the team workload, you must be willing to travel when required with some occasional...

  • Enterprise Risk Manager

    7 days ago

    London, Greater London, United Kingdom Quinton Davies Limited Full time

    Benefits:bonus + private healthcare + pension + excellent benefitsUK based, from anywhere in the UK1 day per fortnight/month in LondonMy client is seeking an Enterprise Risk Manager to join their award-winning Group Risk Management Team. You will report directly into the Chief Risk Officer and be responsible for a Risk Analyst within your team.This is a...

  • Senior Risk Management Consultant

    7 days ago

    London, Greater London, United Kingdom Ark Workplace Risk Full time

    PRINCIPAL MANAGEMENT CONSULTANT - FIRE, HEALTH & SAFETY MANAGEMENT Ark Workplace Risk is the market leading provider of operational risk, compliance and safety solutions, and work with a prestigious and diverse range of over 500 clients. We are seeking a highly competent and experienced Management Consultant with expertise in fire, health, and safety...

  • Credit Risk

    7 days ago

    London, Greater London, United Kingdom Paritas Recruitment - Risk Full time

    Paritas Recruitment RiskLondon, United KingdomPosted 4 hours ago Hybrid Permanent £70k - £125k A Tier 1 bank are currently seeking Collateral Management specialists (AVP, VP and SVP level) to join a newly established first line Quality Assurance function relating to the management of Wholesale Credit Risk.This Quality Assurance function has been...

  • Risk and Controls Manager

    4 weeks ago

    London, Greater London, United Kingdom Audit and Risk Recruitment Full time

    The Audit and Risk Recruitment Company (ARRC)* has been mandated by our client, an award winning fintech business, in their search for a Risk and Controls Manager. Please note there is a requirement to be based in the desirable Central London based offices, 4 days a week. A newly created role, reporting into the Head of Internal Audit, you will take...

  • Risk and Controls Manager

    3 weeks ago

    London, Greater London, United Kingdom Audit and Risk Recruitment Full time

    The Audit and Risk Recruitment Company (ARRC)* has been mandated by our client, an award winning fintech business, in their search for a Risk and Controls Manager. Please note there is a requirement to be based in the desirable Central London based offices, 4 days a week. A newly created role, reporting into the Head of Internal Audit, you will take...

  • Enterprise Risk Manager

    7 days ago

    London, Greater London, United Kingdom InterQuest Financial Markets Full time

    Job DescriptionOur client is an award-winning bank with a range of specialist mortgages, savings accounts and business finance solutions. They're looking to recruit an Enterprise Risk Manager to be based from either their London, Reading, Cardiff or Manchester office where there is a hybrid working policy in place. The role will pay a competitive basic...

  • Manager Enterprise Risk Management

    7 days ago

    London, Greater London, United Kingdom Philip Morris International Full time

    Possible job locations: London, Lausanne, Stamford CT, DubaiBe a part of a revolutionary changeAt PMI, we've chosen to do something incredible We're totally transforming our business and building our future on one clear purpose – to deliver a smoke-free future.With huge change, comes huge opportunity. So, wherever you join us, you'll enjoy the freedom to...

  • Manager Enterprise Risk Management

    3 weeks ago

    London, Greater London, United Kingdom Philip Morris International Full time

    Possible job locations: London, Lausanne, Stamford CT, DubaiBe a part of a revolutionary changeAt PMI, we've chosen to do something incredible We're totally transforming our business and building our future on one clear purpose – to deliver a smoke-free future.With huge change, comes huge opportunity. So, wherever you join us, you'll enjoy the freedom to...

  • Enterprise Risk Manager

    2 months ago

    London, Greater London, United Kingdom Marex Full time

    Marex is a diversified global financial services platform, providing essential liquidity, market access and infrastructure services to clients in the energy, commodities and financial markets.The Group provides comprehensive breadth and depth of coverage across four core services: Market Making, Clearing, Hedging and Investment Solutions and Agency and...

  • Enterprise Risk Manager

    3 weeks ago

    London, Greater London, United Kingdom Marex Full time

    Marex is a diversified global financial services platform, providing essential liquidity, market access and infrastructure services to clients in the energy, commodities and financial markets.The Group provides comprehensive breadth and depth of coverage across four core services: Market Making, Clearing, Hedging and Investment Solutions and Agency and...

  • Enterprise Risk Management

    7 days ago

    London, Greater London, United Kingdom Mazars Full time

    Our Business Services team is a collective of creative, strategic, forward-thinking business enablers. Together the People & Culture, Marketing & Communications, IT, Operations, Finance and Quality & Risk Management teams make it their mission to ensure Mazars has the right tools, technology, strategies and services in place to deliver exceptional client...

  • Enterprise Risk Manager

    7 days ago

    London, Greater London, United Kingdom The AA Full time

    Company description Location: London (hybrid working 2 office days per week) Employment Type: Permanent, full time Additional Benefits: Annual Bonus, Cash-Car Allowance + Private Medical Insurance Thought The AA only provide roadside assistance? Think again. For over 100 years, we've continued to evolve and adapt. Today, as the nation's number one...

  • Senior Risk Officer

    7 days ago

    London, Greater London, United Kingdom Paritas Recruitment - Risk Full time

    Exciting risk opportunity in the data risk / data management space in a European Bank. A European bank is currently seeking a Senior Risk Officer to join their City based team.. The hiring manager is looking for a candidate who has strong experience of Data Risk, BCBS239 / PERDARR and Information Risk, in addition, Operational Risk exposure would be ideal....

  • Enterprise Risk Specialist

    7 days ago

    London, Greater London, United Kingdom Resilienceforward Full time

    The Enterprise Risk Specialist supports the Head of Enterprise Risk Management to deliver the Team's responsibilities. Core activities that this role supports include delivery and maintenance of the Enterprise Risk Management Framework – which includes oversight of Risk Culture (e.g., risk behaviours self-assessments, risk training and communication),...

  • Enterprise Risk Management

    7 days ago

    London, Greater London, United Kingdom SGS Société Générale de Surveillance SA Full time

    Responsibilities Description of the Business Line or Department OUR CULTURE At Societe Generale, we live by our 4 core values of commitment, responsibility, team spirit and innovation. We are engaged and demonstrate consideration for others. We act ethically and with courage. We focus our talent and energy on collective success. We experiment and propose...

  • Enterprise Risk Management

    7 days ago

    London, Greater London, United Kingdom Société Générale Full time

    Responsibilities:Definition and implementation of risk management transversal processes such as Risk Identification, Risk Appetite, and moreCo-ordination of the SGIL Internal Capital Adequacy Assessment Process (ICAAP)Participation in regulatory watch for RISQ in the UKEngage in Group-level developments and liaise with other locations and groupsSummary of...