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Financial Risk Manager

Job Description

Job Description

DLG's growth is supported by our Risk function which develops, implements and maintains risk management policies, procedures, tools, and framework for us. Reporting into our Head of Financial and Insurance Risk, we're recruiting for a Financial Risk Manager to support the Financial Risk team on a 12 month fixed term basis, to cover a maternity leave. The role will be home-based.

The Role

The primary responsibility of this role is to support the Financial Risk function to achieve its goals and to build effective Second Line of Defence oversight of financial risk, helping to sustain an embedded risk and compliance culture within DLG.

What you will be doing

  • Providing second line oversight of aspects of Financial Risk, providing a high level of support for the Head of Financial and Insurance Risk. This will include ensuring appropriate frameworks, systems and controls exist and providing "deep dive" review capability in specific Financial Risk areas

  • Preparing timely, accurate and reliable reports in line with Executive, Group and senior management requirements including Risk Management Committee and Board Risk Committee

  • Working with the business to define and produce stress test and scenarios

  • Developing effective working relationships with key stakeholders and the business to ensure that financial risk management is embedded throughout the organisation

  • Providing input to business strategies (such as new products, strategies, processes or systems) and to the annual forecasting process; to support the Head of Financial and Insurance Risk by providing oversight, challenge, intervention and analysis as required

  • Providing support to the Head of Financial and Insurance Risk, delegating when necessary at Committees

  • Playing a significant role in the development of risk appetite framework, statements, tolerances and limits for insurance risk, ensuring that risk exposures are monitored

  • Helping to develop a team capable of delivering Risk Strategy and Vision, developing team members towards their full potential in line with the division's goals

Candidate Description

  • Knowledge in some (but not necessarily all) of the key financial risk areas: pricing risk, reserving risk, capital management, climate change risk, stress testing, and PRA regulatory expectations

  • Excellent interpersonal, written and verbal communication skills - with the ability to manage stakeholders of all levels of seniority

  • Previous Risk Management experience working within a similar environment

  • Actuarial experience essential

Employer Description

Direct Line Group is an equal opportunity employer. We value diversity and we're committed to making DLG a truly inclusive place to work.

We recognise and embrace that people work in different ways and we'll always adapt as much as possible so you have the best and most comfortable working environment that we can offer. We know you're more than a CV, and the things that make you, you, can bring real potential to DLG.

If you need us to make any adjustments to our recruitment process, speak to our recruitment team who will be happy to support you.