Head of Risk Operations - Edinburgh, United Kingdom - Phoenix Group

Phoenix Group

Verified Company

Edinburgh, United Kingdom

2 weeks ago

Posted by:

Tom O´Connor

beBee Recruiter

Description

Job Type:
Permanent

Location:

This role could be based in either our Edinburgh, Telford or Wythall office on a hybrid basis with time spent working in the office and at home.

You can read more about
Phoenix Flex here

Flexible working:
All of our roles are open to part-time, job-share and other types of flexibility. We will discuss what is important to you and balancing this with business requirements during the recruitment process.

Closing Date: 30 July 2023

Salary and benefits:
Competitive salary plus 30% bonus up to 60%, private medical cover, 38 days annual leave, excellent pension, 12x salary life assurance, career breaks, income protection, 3x volunteering days and much more

Job Contact:
Amanda Foskett

We have an incredible opportunity to join us here at Phoenix Group as a Head of Risk Operations & Integration to join our Risk Strategy & Reporting team to lead M&A integration activities and strategic planning for the Risk function.

Who are we?
We want to be the best place that any of our 6,800 colleagues have ever worked.

We're the UK's largest long-term savings and retirement business.

We offer our 12 million customers products across our market-leading brands, including Standard Life, SunLife and ReAssure, with c.£259 billion of assets under administration.

We're a FTSE 100 organisation that is tackling key issues such as transitioning our portfolio to net zero by 2050, and we're not done yet.

The role

Key Responsibilities:
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Drive the development of the Group Risk strategy , working with the Risk Leadership team to define a clear vision for the function and the roadmap to achieving it.
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Lead development of the annual Group Risk Mission & Mandate and Plan , working with the Group Risk Leadership Team to ensure the Plan provides appropriate assurance and independent review of the key risks to which the Group and its customers are exposed and proposals that could materially change the risk profile of the Group.
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Lead operational excellence activities across Group Risk, including:

Lead reporting on the Risk function's progress against the Group Risk Plan, identifying risks and trends for resolution within teams or escalation to the Risk Leadership Team
Lead reporting and analysis on capacity within the Group Risk function and the deployment of resource. Where capacity challenges are identified, propose mitigating actions, e.g., reprioritisation, replanning, or additional resources
Working closely with the function's HR Business Partner, support the delivery of the annual Risk People Plan
Working closely with the function's Finance Business Partners, support the delivery and review of Annual Operating Plan proposals and intrayear requests
Coordinate continuous improvement plans for the Group Risk function by continuously challenging the ways of working to improve efficiency and effectiveness.
Lead the assessment of capability needs required to deliver the Risk function Plan and future strategy, agreeing action required with the Risk Leadership team.

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M&A due diligence

Support Line 2 review of M&A proposals, including assessing the capacity requirements for Risk function integration activities and for effective Line 2 oversight of the acquired business.

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Lead M&A integration across Risk function

Ensure appropriate resolution and oversight of Line 2 owned actions identified in M&A due diligence
Ensure appropriate Line 2 oversight is established for Line 1 actions identified in M&A due diligence
Develop and lead M&A integration plans in respect of the Risk Management Framework integration and Risk function organisational design.

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Stakeholder management and building relationships:

Build and maintain effective relationships with each of the Risk Leadership Team, as well as with key senior stakeholders across the Group.
Effectively influence the Risk Leadership Team to maintain operational excellence and drive continuous improvement activity.

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Lead an efficient and effective Risk Operations & Integration team:

Leadership:Provide leadership to the Risk Operations & Integration to ensure all key deliverables are produced in a timely manner through effective planning, prioritisation, time management and motivation of team members.

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Develop team members:Develop the skills and competencies of team members, particularly in relation to operational excellence, stakeholder management and communication skills.
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Appraisal:Ensure that performance ratings are calibrated across the team and contribute to functional calibration.

What are we looking for?
Essential

Experience of working in a leadership role within a financial services organisation.
High degree of credibility and ability to effectively challenge and influence at all levels in the organisation.
Ability to motivate, direct and develop staff at different levels, and to work individually as well as in a team environm