Risk Officer - Crewe, United Kingdom - Health Shield Friendly Society Ltd

Health Shield Friendly Society Ltd

Verified Company

Crewe, United Kingdom

2 weeks ago

Posted by:

Tom O´Connor

beBee Recruiter

Description

About the Role
The risk management function is a required governance function for regulated insurers.

The role involves ensuring that the Risk Management and Internal Control Systems are effective by working with managers and the Executive, developing and documenting them, and promoting the embedding of risk management and internal control across the Society.

Main Responsibilities

Support the SMF 4 Role

Identifying and assessment of new risks as they emerge
Communicating risk management matters to the Executive, Board and Committees
Deputising for the Chief Risk Officer, when required

Maintain and develop the Risk Management System

Delivering the Risk Management functional plan, leading on agreed aspects
Maintaining and developing the Risk Strategy, Risk Policies, the Risk Appetite Statement, the Internal Control System and ORSA
Ensuring all Risk Management function reporting is fit for purpose, timely, insightful etc
Developing and providing training materials, presentations, continual widescale risk knowledge sharing

Developing the Risk Management function's knowledge

Independently review regulatory materials and translate them into policies and actions for the Society. Run the process from material review through agreement to implementation.
Independently research new topics, draw conclusions applicabe to the Society, present and convince others. Implement resulting agreed actions.
Identify governance goals in discussion with managers, agree actions and track them. Consider results and amend guidance based on results/outcomes

Mini Risk Projects

Project manage riskmanagementrelated projects, where identified (e.g. BCP Manual, Cyber risk assessment, IT risk etc).

Data Protection

Ensuring proper engagement with the Data Protection Officer

Conduct Management

Ensuring appropriate conduct management structures are in place
Actively engaging with the business to ensure good outcomes are being achieved
Oversight of complaints handling

Risk Event Reporting

Manage risk incident reporting to improve reporting and safety of processes

The Risk Activity List

Manage the list, from multiple sources (audits, assessments, interviews etc).

Risk Assessment & Advice

Provide assurance to Executive and Board on risks faced
Provide risk advice on proposals, projects etc.

About You
To be successful in this role you will need to have the following skills, knowledge & qualifications:

Essential

A good understanding of Solvency II risk regulation and guidance
Be proactive, well organised and good at managing both routine and oneoff tasks
Able to communicate risk matters effectively in multiple ways to various audiences
Able to develop convincing arguments for change
Ability to identify risks in practice and address them appropriately
Be regarded as trusted and supportive by managers, capable of keeping information confidential
Be a self starter, use initiative and work without excessive direction or oversight
Excellent communication skills, spoken and written and excellent analysis and synthesis skills
An understanding of risk frameworks and approaches
Critical thinking skills that can be put into practical use

Desirable

An understanding of the complementary roles of compliance and internal audit
Business understanding, especially people and process management
Wider communication skills: policy drafting, presentation, training course building

Qualifications
Essential