Financial Risk Manager

Company Overview

China Taiping Insurance (UK) Co Ltd, formerly known as China Insurance Company (U.K.) Limited, received its trading license in 1983 and officially opened its doors for business in London on 1 October 1985.

The company is a member of the British Insurers Association, and is Authorized by the Prudential Regulation Authority and Regulated by both the Financial Conduct Authority and Prudential Regulation Authority in the UK to underwrite general insurance and reinsurance policies.

As a wholly owned subsidiary of China Taiping Insurance Group and the only Chinese state-owned insurer in the UK, China Taiping Insurance (UK) Co Ltd, hereby abbreviated as China Taiping (UK), is aim to achieve higher standard as an insurance provider.

We are seeking a Financial Risk Manager to join our risk management and compliance team in London. You will directly report to our Chief Risk Officer.

Responsibilities

· Report to the CRO and act as their delegate as necessary.

· Support the CRO in development of the company risk management strategy.

· Support the CRO in developing and delivering the annual risk management plan.

· Represent the risk management function at key governance committees, including the executive risk management committee.

· Oversee the effective operation of the company's management of key financial risks relating to capital, liquidity, reserves/technical provisions, investments, pricing, reinsurance etc, working with executive risk owners and senior management to assist them in meeting their responsibilities.

· Provide oversight and challenge of the company's underwriting portfolio, business plans, balance sheet, investment portfolio, and Solvency II (standard formula) SCR calculation.

· Support the quantitative assessment of risk under the company's enterprise risk management framework.

· Support the annual review and setting of risk appetite at the Board. Oversee the cascade and monitoring of risk appetite across the business.

· Provide oversight and challenge of the company's risk mitigation activity.

· Provide oversight and challenge of the company's stress and scenario testing activity.

· Provide risk management leadership, guidance, advice, and training to the company.

· Support the company in special projects and initiatives, providing risk management leadership and challenge.

· Lead the production of internal and external risk management and Solvency II reports.

· Work with the compliance, actuarial, and internal audit functions to ensure the effective operation of the assurance functions and second line of defence.

· Engagement with members from different business functions to set CTIUK's risk appetite and tolerance on annual basis and submit for board approval.

Requirements

Essential requirements:

· At least 5 years' work experience of finance, actuarial, risk management or related work in general insurance market.

· Bachelor's degree or above in finance, economics, risk management, actuarial or related fields.

· Good understanding of financial risk management methods and principles.

· Excellent reporting writing skills.

· Excellent verbal communication skills, able to communicate complex ideas to a variety of audiences.

· Broad finance, actuarial, or risk management background who is familiar with the day-to-day operations of an Insurance company.

· Good knowledge of the requirements of Solvency II and capital modelling

Preferred:

· Good problem solving and relationship management skills.

· Excellent in MS Suite (e.g. Excel, Word, PowerPoint and Access).

· Manage the timely delivery of results, meeting required internal and external deadlines.

· Competent in managing own workload and working on own initiative and in project managing delivery on multiple tasks.

· Strong commercial understanding and business awareness.

· Chinese Mandarin or Cantonese language skills would be a plus but not essential.

What we provide to you:

• Competitive Pension scheme.
• Private medical insurance and dental care.
• Family friendly policies.
• Transportation season ticket loan scheme.
• Hybrid work model at our London office, attending at least 3 days per week to foster collaboration among teams.
• Growth and development opportunities with company support.

Job Types: Full-time, Permanent

Benefits:

• Private dental insurance
• Private medical insurance

Application question(s):

• What's your notice period (months)?
• What's your annual salary expectation (GBP)?
• What's the details of your eligibility to work in the UK, for example visa status if applicable?

Work Location: Hybrid remote in London EC3V 3NA