Risk Manager - Milton Keynes, United Kingdom - Lifesearch

Lifesearch

Verified Company

Milton Keynes, United Kingdom

1 week ago

Posted by:

Tom O´Connor

beBee Recruiter

Description

In this role you will develop and lead our business risk management programme and monitor our high-risk areas across our business, primarily within the operation areas looking at the work our advisers do with our customers and report back to the Head ofCompliance.

Providing insight and feedback, which will drive forward improvements and recommendations which will result in adding value to LifeSearch brand and profitability from being a trusted service provider.

As our Risk manager, you will be responsible for the implementation and ongoing delivery of the various risk governance activities, influencing the business leaders to change processes where appropriate to minimise risk as and enable the best possible adviceand TCF for our customers whilst minimising the financial and reputational risks to LifeSearch at all times.

You will work alongside key stakeholders to ensure that all LifeSearch Leaders and teams across the business understand their responsibilities in mitigating risk and delivering high quality advice.

Your sphere of influence spans across regulatory requirementsas well as professional standards, risk minimisation, Data Protection and industry best practice.

Your main responsibilities are:

Develop and deliver our risk management framework across the business, working with key stakeholders
Ensure the wider business understands how to use the framework and how to manage their own operational risks, assisting with queries and providing guidance
Risk assurance including scenario planning, stress testing, trend analysis and control effectiveness reviews;
Support the facilitation of the identification, capture, reporting and management of emerging risks across the group.
Supply Independent review & challenge of risk registers to ensure all material risks have been identified and managed according to risk appetite and tolerance.
Complete highrisk business activities monitoring, to include:
High sum assured & High commission cases
Cancellations
High volume selfgeneration families
Any other business activities deemed to be high risk or problematic following liaison with the Care, Best Practice and Compliance leaders to understand the common issues arising
Make recommendations to the business for process/policy review and improvements based on risk reviews and learnings from your inspection of our activities
Influence change across the business where necessary to minimise risk
Monitor and review our PII notifications to ensure preventative measures taken and learnings made
Act as a point of expert guidance to the wider business on risk related matters
Complete third party due diligence requests and risk assessments

- 'On point' with industry changes to risk approach and management and best practice

Ensure business is adhering to key risk process policies
Assist the Data Protection Officer (DPO) and Compliance team with other general tasks and duties as required, such as assisting with governance & monitoring activities, task pot management and assisting with other projects.