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Risk Specialist

Ref: 78826

  • 60,000-70,000
  • 23 Feb 2023
  • Dublin (Central)
  • Permanent
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Risk Specialist

This is a role in the Risk Management department for a Risk Specialist. The successful candidate will become a member of the Risk Management department of a successful cross-border insurance firm, which is part of a global insurance group. The role holder will work closely with the Senior Risk Manager and Chief Risk Officer and will be responsible for the following activities:

Key Responsibilities

Manage and coordinate the Internal Control Framework activities, including:
 Ongoing review and assessment of the Risk and Control Self-Assessment across the business;
 Bi-Annual RCSA Attestation Process;
 Quarterly control testing 
 Issue management and remediation.
Intermediary Management
 Coordination and overall management of the Intermediary Oversight Framework;
 Ensure positive and proactive relationship between Risk Management and Sales Support/Sales Function;
 Onboarding Assessments, including due diligence activities;
 Ongoing monitoring activities, including annual regulatory submissions;
 Management of contract repository and workflow process;
 Engagement with Legal & Compliance, as required.
Risk Incident Reporting
 Coordination and management of the monthly Risk Champion meetings and updates;
 Management and updates to the centralised Risk Incident Log;
 Coordination and reporting of all remediation actions and escalation to revenant management of overdue actions;
 Reporting of risk incidents to the Risk Advisory Committee and Board Committees;
 Coordination of the Data Quality Governance Forum;
 SLA reporting on data quality and risk incidents;
 Governance reporting on data and quality risk incidents
Other Duties
 Assist the Senior Risk manager and the CRO in the preparation of a number of Regulatory documents for the UHIL Group including ORSA, Recovery Plans, SFCR and RSR.
 Risk Management: To embed the internal regulations framework, which defines the principles and operating limits within the company, in order to maintain a risk profile aligned with the company’s risk attitude.
 Risk Reporting: Effective reporting of the risk profile and risk exposures of the company, both to internal and external stakeholders.
 Thematic Reviews and Risk Identification and Evaluation: Implementing the company’s methodology, which identifies, classified and evaluates key risk.
 Strategic and Operational Projects: Ongoing involvement and constructive input/feedback to specific strategic and operational projects, including due diligence assessment within the operations areas.
 Manage a diverse range of activities supporting all client-facing functions.
 Take the key principles of the company’s enterprise risk management framework and ensure their practical implementation across the company.
 Be a recognised authority within the company on corporate governance and risk management best practises through an in-depth knowledge of the risk management policies and guidelines.
 Assist in enhancing the enterprise risk management framework within the company.
 Assist with meeting all regulatory reporting deadlines.

Experience/Requirements

 Regulatory reporting experience under Solvency II;
 Knowledge of the European Life Assurance industry and products will be an advantage.
 Experience working within a Risk Management, Compliance, or Finance function will be an advantage.
 Strong report writing skills with experience with experience of presenting top quality reports;
 Excellent computer skills;
 Ability to work under pressure and to meet tight deadlines;
 Ability to engage with a range of departments and senior management
 Highly organised with strong attentions to detail;

Remuneration Package

Attractive package, salary 65,000 circa.  Bonus 20% performance based.  Full benefits package. 
Contact
Martina Maher
For more information on this position or other finance roles, please contact Martina Maher on 01-5927886 or hit the apply button below to send your cv. Alternatively, contact her directly via email;

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