Risk Manager

Job Spec

The Risk Manager is responsible for assisting the Risk Function in ensuring a robust risk management framework is in place that is in compliance with regulatory requirements and market best practice.

Key Responsibilities

• Utilise risk management software for the maintenance and reporting of the risk management processes
• Develop, implement and refine Risk Registers that capture all risks across business functions and entities
• Document risk management policies and procedures and carry out reviews to ensure compliance with them
• Coordinate the running of the risk management processes including Risk & Control Reviews, incident reporting, Key Risk Indicator monitoring
• Oversee risk registers, appetites, policies, controls assessments
• Produce and maintain the Own Risk Solvency Assessment, both annually and quarterly
• Assist in monitoring against risk appetite statements and metrics
• Assist in developing and implement Mosaic’s risk management framework reporting processes
• Assist with developing and delivering risk management training materials
• Provide advice and support to the Deputy Chief Risk Officer and other members of the Risk and Compliance function

General Responsibilities

• Engage with key stakeholders across functions, which will include Underwriting Management, Outwards Reinsurance, Claims, Exposure Management and Actuarial
• Ensure compliance with regulatory requirements, including the PRA/FCA Individual Conduct Standards
• To undertake additional duties as may be required from time to time to ensure the efficient running of the managing agency

Skills, Experience and Education

• A minimum of 3/4 years of experience in a risk management position within the London market
• Chartered Insurance Risk Manager or similar risk management qualification preferred
• Solid understanding of current regulatory rules (Lloyd’s, PRA, FCA, etc.)
• Analytical with the ability to assess and interpret risks relevant to the business; quickly absorb complex business situations and use sound judgement to identify credible solutions
• Effective problem solving and critical thinking; identifying, implementing and monitoring practical solutions to address problems
• Excellent oral and written communication skills, with the ability to communicate complex risk and regulatory issues, and their implications succinctly 
• Interpersonal skills with the ability to listen and develop working relationships within the organisation as well as with third party providers
• Excellent IT skills and experience of Decision Focus preferred
• Confident and resilient when faced with difficult situations and willing to challenge senior management on financial, strategic and operational issues
• A proactive working approach with a high level of accuracy and attention to detail
• Good commercial awareness and up to date on industry trends, initiatives and emerging risks.

Mosaic offers you

• True entrepreneurial culture
• Very competitive total rewards compensation package, reflecting growth of business

Mosaic celebrates diversity, equity and inclusion. We embrace these pillars of excellence as crucial to our business success. We are an Equal Opportunity Employer.