Risk Manager, Enterprise Risk Management

6 months ago

London, United Kingdom SPE Travelers Management, LTD 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 Insuran ce:  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 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 .

  • Head of Risk Management

    6 days ago

    London, United Kingdom Audit & Risk Recruitment Full time

    Head of Risk Management - FTSE listed FMCG businessOffice hubs in Glasgow, Bristol, London and Dublin.Candidates from these locations or elsewhere in the UK & Ireland are encouraged to apply, time on-site negotiable.Audit & Risk Recruitment have been mandated by a FTSE listed fast-moving consumer goods business based in Glasgow to find a Head of Risk...

  • Enterprise Risk Manager for Building Safety

    3 weeks ago

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

    About the RoleWe are seeking an exceptional Enterprise Level Business Development Manager to join our fast-growing team at Ark Workplace Risk. As a company that is scaling up and fostering an exceptional culture, we provide an environment where you can thrive and grow.Our focus is on selling software and professional services for managing risk, compliance,...

  • Risk Control Analyst

    3 weeks ago

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

    **About Validus Risk Management**We are a specialist provider of financial market risk services, working with institutional investors, fund managers, and portfolio companies to design and implement strategies to measure, manage and monitor financial market risk.**Job Summary**This is an exciting opportunity for a full-time Risk Control Analyst to join our...

  • Risk Control Analyst

    4 weeks ago

    London, United Kingdom Validus Risk Management Full time

    We are looking for a full-time Risk Control Analyst with experience in the financial services industry to help build and support the Risk Control function at Validus. Risk Control’s overarching objective is to ensure that an effective and efficient framework of controls is in place to mitigate risk across the firm’s trading activities. This position is a...

  • Financial Risk Management Specialist

    3 weeks ago

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

    At Validus Risk Management, we are seeking a highly skilled Financial Risk Management Specialist to join our team. This is an exciting opportunity for both personal development and professional growth in the field of risk management.About UsValidus Risk Management is an independent technology-enabled advisory firm specialising in the management of financial...

  • Cybersecurity Risk Manager

    2 weeks ago

    London, Greater London, United Kingdom Risk Ledger Ltd Full time

    Risk Ledger Ltd is a company that prioritizes the security of global supply chains. To achieve this mission, we are building the world's first network of connected organisations working together to improve security defenses.The network is built on trust, allowing increased transparency and sharing of data across organisations and industries. This collective...

  • Fire Risk Assessor

    6 months ago

    London, United Kingdom PIB Risk Management Full time

    Job Advert Join our dynamic Risk Management team as a Fire Risk Assessor! - Retail & Commercial - Educational premises - Industrial and workshops - Residential properties. - Residential care premises You 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...

  • Fire Risk Assessor

    1 month ago

    City of London, United Kingdom PIB Risk Management Full time

    Risk Manager RolesJoin our dynamic Risk Management team as a Health & Safety Consultant.PIB Risk Management is currently recruiting for an experienced and ambitious Health & Safety Consultant. The purpose of the role is to provide Health & Safety Consultancy within the following sectors subject to competency:Automotive Engineering & Manufacturing Haulage &...

  • Risk Manager, Enterprise Risk Management

    2 weeks ago

    London, Greater London, United Kingdom SPE Travelers Management, LTD Full time

    About This OpportunityWe are seeking an experienced Risk Manager to join our Enterprise Risk Management ('ERM') Team, supporting the UK/EU Chief Risk Officers ('CRO') and ERM Senior Actuary.This role is a newly created, prominent position in the ERM Team, working closely with Risk and Control Owners (subject matter experts) in the business units to develop...

  • Fire Risk Assessor

    1 month ago

    City of London, United Kingdom PIB Risk Management Full time

    Risk Manager RolesJoin our dynamic Risk Management team as a Health & Safety Consultant.PIB Risk Management is currently recruiting for an experienced and ambitious Health & Safety Consultant. The purpose of the role is to provide Health & Safety Consultancy within the following sectors subject to competency: AutomotiveEngineering & ManufacturingHaulage &...

  • Fire Risk Assessor

    6 months ago

    London, United Kingdom PIB Risk Management Full time

    Job Advert Join our dynamic Risk Management team as a Fire Risk Assessor! - Retail & Commercial - Educational premises - Industrial and workshops - Residential properties. - Residential care premises You 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...

  • Fraud Risk Specialist

    2 weeks ago

    London, Greater London, United Kingdom LexisNexis Risk Solutions Full time

    The LexisNexis Risk Solutions team is looking for a Fraud Risk Specialist to join their team. As a key member of the team, you will work with global data from the largest real-time fraud detection platform to optimise solutions for enterprise customers.About the TeamYou will be part of a team of analysts using global data from the largest real-time fraud...

  • Risk Management Professional

    2 weeks ago

    London, Greater London, United Kingdom LexisNexis Risk Solutions Full time

    Job Overview:Fraud Data Analyst (Russian-speaking) Position at LexisNexis Risk SolutionsWe are looking for a highly motivated Fraud Data Analyst to join our team in London. As a key member of our risk management team, you will be responsible for analyzing complex fraud cases, identifying patterns, and making recommendations to reduce risk.**About the...

  • Risk Control Specialist, Enterprise Risk Management

    4 weeks ago

    London, Greater London, United Kingdom SPE Travelers Management, LTD Full time

    Job SummaryWe are seeking a highly skilled Risk Management Professional to join our Enterprise Risk Management (ERM) Team in Travelers Europe. The successful candidate will be responsible for developing and implementing risk management strategies to mitigate potential risks and ensure the company's sustainability.Key ResponsibilitiesWork with business units...

  • Global Risk Management Trainee

    2 days ago

    London, Greater London, United Kingdom LexisNexis Risk Solutions Full time

    Join our Global Risk Management Trainee program and take the first step towards a rewarding and challenging career in risk management. As a trainee, you will work closely with experienced risk management professionals to develop your skills and knowledge in areas such as credit risk, market risk, and operational risk.You will be responsible for analyzing...

  • Enterprise Risk Manager

    1 month ago

    London, Greater London, United Kingdom Salt Digital Recruitment Full time

    Enterprise Risk Manager RoleThis role is part of the EUI Risk Team responsible for the development and maintenance of the Enterprise Risk Management (ERM) Framework. As an Enterprise Risk Manager, you will provide advice and support in the development and embedding of the ERM Framework. You will also lead and coordinate the production of the Internal Control...

  • Senior Risk Officer

    6 months ago

    London, United Kingdom Paritas Recruitment - Risk Full time

    K- Posted by - Keith Jones- Manager - Risk Management & Quantitative Analytics Exciting risk opportunity in the data risk / data management space in a European Bank. Senior Risk Officer - Data Risk / Data Management The core focus of the role will be to drive the execution and implementation of PERDARR in the UK to ensure BCBS239 regulatory compliance, so...

  • Risk Management Consultant

    4 weeks ago

    London, Greater London, United Kingdom LexisNexis Risk Solutions Full time

    About the RoleThis position involves working closely with customers and account managers to maximize the value delivered by our email-based risk assessment solution. The results of this role will lead to immediate real-world impact in the form of lower customer friction, reduced fraud losses, and increased customer profitability.This is achieved through...

  • Enterprise Risk Manager

    7 days ago

    London, Greater London, United Kingdom Crowe UK Full time

    About the PositionWe are seeking an Enterprise Risk Manager to join our team at Crowe UK. As a senior professional with expertise in risk management and governance, you will play a key role in leading client engagements and contributing to the development of our consulting strategy.The successful candidate will have strong knowledge of enterprise risk...

  • Wholesale Risk Management Specialist

    2 weeks ago

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

    **About Paritas Recruitment - Risk**: We are a leading recruitment agency specializing in risk management positions. Our expertise lies in placing talented professionals in top companies.We are currently seeking an experienced Wholesale Risk Management Specialist to join our team. As a senior professional, you will be responsible for developing and...