We are looking on behalf of our client for a Risk Manager who will help ensure that risk governance, reporting and oversight remain aligned to Group standards, applicable to Gibraltar Financial Services Commission and Malta Financial Services Association requirements, and the wider Solvency II framework.
Responsibilities include, but are not limited to:
- Act as the designated Risk Management Function Holder for the Group’s Gibraltar and Malta insurance operations.
- Maintain and enhance the risk management framework, including risk appetite, policies, risk registers, assessments, and emerging risk monitoring, in line with Group standards.
- Provide risk guidance and support to business units and senior management across the Mediterranean operations.
- Prepare risk reports and contribute to ORSA processes, Board papers, and committee reporting.
- Present regular risk updates to senior management, Boards, and relevant committees.
- Support internal audits, regulatory reviews, and external examinations.
- Deliver risk training and promote a strong risk-aware culture across the business.
- Assist in integrating sustainability and climate-related considerations into risk management processes.
- Support compliance with regulatory risk management requirements, including governance, risk appetite, policy reviews, branch oversight, and regulatory reporting.
- Undertake additional risk management responsibilities as required by senior management and the Group Head of Risk.
Required:
- A minimum of five years of relevant experience in a risk role within the financial services industry, ideally within insurance, broking, a managing agent, syndicate or another Lloyd’s market participant.
- Demonstrable experience of the Lloyd’s market, together with familiarity with market governance, broker interactions and relevant underwriting, operational or conduct risk considerations, is preferred.
- Strong understanding of insurance risk management under the Solvency II framework, including ORSA, governance and risk appetite requirements, and preferably either/and the Gibraltar Financial Services Commission or the Malta Financial Services Association regimes.
- University degree in a relevant field such as risk management, insurance, finance, business or economics.
- Experience in risk appetite, risk and control self-assessments, incident management, governance reporting and Board or committee reporting.
- Strong proficiency in Microsoft Office, particularly Excel, Word and PowerPoint.
Advantageous:
- Experience of broker or intermediary risk considerations, including conduct, operational and distribution-related risks
- Experience acting as a designated function holder or supporting a key function holder framework.
- Experience supporting or overseeing cross-border or branch operations.
- Risk management certifications and familiarity with ESG reporting frameworks, including those relating to climate change.
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