Risk Manager

London

Up to £62,500 plus bonus and package

This is an excellent opportunity to be part of a rapidly growing team and gain essential Life & Health Risk Management experience in the insurance industry. The candidate will cover a position in a small Risk team undergoing significant levels of transformation, with potential in terms of activities and career development within the wider Generali Group. As a result, the candidate will need to be flexible, high-performing and able to successfully navigate a changing environment. The ideal candidate will show the willingness to learn in order to quality settle into the team learning the technical skills required in this rapidly expanding field. You will have an actuarial or underwriting background with up to 5 years' experience.

This role entails, but is not limited to the following responsibilities:

• Ensuring adherence to all relevant regulatory requirements (including PRA, FCA and IVASS)
• Ensuring all Life and Health risks are monitored, analysed and reported in relation to risk app etite, and escalated as appropriate
• Overseeing and challenging Line 1 Risk and Control activities for the UK Life Branch
• Producing and monitoring UK Life and Health Risk capital requirements (MCR, SCR) on a Standard Formula basis, as well as contribute as needed to AG SpA's calculation of the group-wide internal model SCR. Contribution to the ORSA process, ORSA report and other risk reporting for the UK Life Branch.
• Contribution to Internal Model reviews and visits by IVASS (as supervisor for Assicurazioni Generali SpA); Support Group Risk Management for relevant quarterly and planning capital runs;
• Provide relevant risk capital assessments for Reinsurance, Technical Pricing, Portfolio Management & Steering for UK Life Branch Business (in alignment with relevant Group KPIs) and in alignment with Group Risk Management and relevant Projects
• Contributor to the implementation of the Data Stewardship Model for the UK Branch;
• Participate in relevant UW Committees (in alignment with Group Standards) and fulfill defined Risk Management Roles with respect to UW activities (in alignment with Group Standards) for the UK Life Branch

If interested please contact Allice Woollatt

0776236812