Governance and Risk Manager

Job DescriptionJob Title: Governance and Risk ManagerCompany: Our client is a dynamic and forward-thinking Lloyd’s Syndicate whom are committed to excellence in governance, risk management, and internal controls. We are seeking a talented Governance and Risk Manager to oversee and integrate assurance activities from Internal Audit, Risk Management, and Compliance. This is a unique opportunity to lead and enhance assurance processes, reporting directly to the Chief Risk Officer.Key Responsibilities:Combined Assurance Framework:Develop and maintain a comprehensive Combined Assurance Framework to ensure effective governance, risk management, and internal control processes.Assurance Activities:Lead the implementation of recommendations and actions arising from combined assurance reports.Manage and oversee assurance activities and projects to enhance overall risk management.Compliance Monitoring:Develop compliance monitoring activities and key risk indicators (KRIs) for the Risk and Compliance Committee.Monitor adherence to regulations, policies, and standards, conducting risk and compliance assessments.Internal Controls and Risk Self-Assessment:Oversee the internal controls and risk self-assessment framework, including tracking actions and continuously enhancing controls.Control Testing Framework:Develop, implement, and execute an appropriate control testing framework based on risk and performance factors.Audit and Reporting:Assist in designing the internal audit program, scoping internal audits, and participating in ad hoc audits.Review reports on the managing agency and managed Syndicate produced by external audit, internal audit, and independent review.Stakeholder Liaison:Liaise with business areas to support the implementation of recommendations from internal and external audit reports.Interact with the first line on risk and compliance matters, providing support to a quarterly risk assessment group.Planning and Reporting:Assist in drafting the Annual Compliance Plan and Annual Risk Management Plan.Provide training and guidance on assurance-related topics.Prepare the combined assurance report for submission to the Audit Committee.Technology Integration:Collaborate with operations to lead technological improvements, enhancing the monitoring, reporting, and effectiveness of assurance activities.Mentorship and Team Support:Provide guidance and mentorship to junior members of the risk and compliance team.Assist in other Risk, Governance, and Compliance matters or projects as appropriate.Knowledge and Skills Required:Technical:Advanced knowledge of insurance risk, capital modelling, catastrophe modelling, and statistics.Thorough understanding of statutory employment policies, company/compliance policies, and FCA rules and guidelines.Familiarity with regulatory requirements such as Lloyd’s and Companies Acts, DPA, and anti-money laundering.Commitment to continuing professional development.General:Strong planning, communication, interpersonal, and decision-making skills.Highly organized with the ability to meet customer needs promptly.Effective problem-solving and data analysis capabilities.Adherence to service standards and the ability to provide a high level of service.IT Skills:Proficiency in Microsoft Word, Excel, and Outlook.Accurate keyboard and data input skills.Familiarity with in-house systems such as Skyline, Cascade, Decision Focus, and ClauseMatch.
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