Group Risk Manager

Group Risk Manager

Location:
Haywards Heath, West Sussex or Manchester
Salary:
up to £61,000 depending on experience
Department:
Governance
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We’re First Central Insurance & Technology Group (First Central for short), an award-winning innovative insurance and technology organisation, delivering market-leading motor insurance, underwriting, distribution, finance, technology and legal services.
 

Due to our continued growth we have an exciting opportunity for a Group Risk Manager to join the Corporate Governance, Risk and Control team in Salford Quays, Manchester or Haywards Heath, West Sussex. 
 
Monitoring and evaluating risk exposure across the First Central Group and providing Boards and senior leadership across the Group with accurate and timely management information, you’ll assist the Senior Risk Manager with the day-to-day performance of the Group Risk function with responsibility to FCG and operating companies.
 
To be successful in this role, you’ll need to have:

  • Up-to-date knowledge of trends in the insurance industry relevant to Risk Management and Corporate Governance requirements

  • Solid understanding of FCA rules, regulations, principles and codes of practice

  • Demonstrable Risk Management experience with commercial and strategic awareness

  
 
Job responsibilities

  • Preparation, review and submission of monthly, quarterly and annual Board, Audit Committee and Management risk reporting

  • Balance sheet analysis, providing challenge and oversight of management’s solvency methodologies, across the Group

  • Act as the Risk Management SME in relation to issues and risks associated with Solvency and the ORSA process

  • Provide specialist Risk Management support leading to the identification and assessment of risks and risk controls across the business, required to meet strategic goals.

  • Develop new reports and reporting options in the Risk Management system to provide greater analysis of information, and to make use (including extraction of information) easier for users.

  • Primary point of contact for questions relating to the Risk Management System, and to serve as the primary administrator of the system.

  • Support Group companies and relevant operational departments to embed Risk Management within business processes and ensure they are appropriately owned and controlled

  • Raise awareness of the benefits of effective Risk Management throughout Group companies

  • Develop and maintain suitable Key Control Indicators, regularly reviewing risk controls for suitability and effectiveness

  • Monitoring Board approved Risk Appetite and that Tolerances are adhered to by management

 
 
Skills, knowledge & experience

  • Demonstrable Risk Management experience and evidence of proven career track record and consistent record of achievement

  • Solid understanding of FCA rules, regulations, principles and codes of practice

  • Up-to-date knowledge of trends in the insurance industry relevant to Risk Management and Corporate Governance requirements

  • Project management experience

  • Experienced in building relationships with senior management

  • Influencing and networking with senior people to achieve consensus and collaboration

  • Specialist technical knowledge of risk management techniques

  • Personal impact in business and technical discussions at all levels

  • Knowledge of best practice in risk, business continuity and corporate governance Resilient to challenge from senior levels whilst building and maintaining relationships

  • Capacity and credibility to assess risk MI and where appropriate recommend/negotiate the continuance/closedown of business decisions

 
 
What can we do for you? 
We believe we can offer you a great working environment as we’re so passionate about our people. Here are just some of the benefits and perks that we offer…

  • Fantastic training and development opportunities

  • Employee benefit packages to suit your lifestyle

  • Flexible working

  • YOUday – we give you an extra day off to celebrate a special day

  • The opportunity to take a paid day off each year to do charity work

  • A health cash plan

  • Help with travel expenses

  • The opportunity to buy additional holiday

  • Company pension scheme

  • Group life assurance

  • Enhanced maternity and paternity pay

  • Professional subscription fees paid


Employee wellbeing is high on the agenda here too. We provide a weekly free fruit delivery, discounted membership at a local health club and access to an Employee Assistance Programme, which promotes physical and emotional wellbeing at work and at home. In addition, we provide wellbeing events throughout the year to support physical and mental health.

For further information on what we can offer and to learn more about this role, feel free to contact our dedicated Recruitment team.
 
So, if you’re up for the challenge and would like to join our vibrant and busy team, we want to hear from you today.
 
Want to know what it’s really like to work at First Central? Take a look at our Glassdoor reviews.

We’re happy to discuss flexible working during the recruitment process .

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glassdoor

86% of people would recommend a friend to work at First Central

Based on 150 Glassdoor reviews (October 2021)

Benefits

View all benefits >

Flexible working

We support colleagues who wish to work flexibly whilst meeting the needs of the business.

YOUday

We give you an extra day off to celebrate a special day.

Holiday Extra

Not only do you get a generous holiday entitlement, you can also buy additional leave.

Volunteering

Get a day off each year to take part in volunteering activities.

Health cash plan

Claim money back on your healthcare costs, such as dental check-ups and eye tests.

Season ticket loan

We provide interest-free loans to cover the cost of season tickets for rail, bus or car parking.