Enteprise and Operational Risk Manager

King Price Group

We’ve got a position available for an enterprise and operational risk manager

Company: King Price

Provide leadership and expertise within the risk department, supporting the department head and team.

Implement and continuously enhance the enterprise risk management framework aligned to strategy, capital, and performance objectives (incl. common risk language and taxonomy)
Assist the Head of Risk to define and operationalise enterprise risk appetite and tolerances in collaboration with the business, cascade into policies and strategic decisions
Assist in reviewing and implementing risk management and related policies

Risk identification, assessment & monitoring

Facilitate enterprise risk assessments and materiality analyses and maintain the enterprise risk register including key risk interdependencies, concentrations and residual exposures
Assess significant new products, markets and acquisitions in light of risk considerations
Implement key risk indicators (KRIs), early‑warning mechanisms, scenario development, stress testing and emerging risk monitoring
Support the identification, assessment and monitoring of strategic and emerging risks that may impact achievement of business objectives
Monitor and report on risk appetite metrics and tolerances, including the investigation and escalation of breaches and emerging trends
Monitor management action plans and risk treatment measures, challenging delays and facilitating appropriate risk acceptance decisions where required

Manage and strengthen operational risk management, including Risk and Control Self-Assessments (RCSAs), incident and loss event reporting, remediation tracking, and thematic analysis
Support enterprise resilience through business continuity, disaster recovery, and crisis management planning, simulations and lessons learned reviews

Governance, reporting & regulatory requirements

Develop and maintain effective reporting for risk committees and governance forums
Co-ordinate the ORSA process, including stakeholder engagement, risk assessments, scenario analysis, documentation and liaison with relevant control functions
Provide input to the Head of Risk on risk appetite breaches and aggregated enterprise risk and capital usage
Manage the completion of Prudential Authority (PA) annual thematic and non-financial risk questionnaires (ORMAQ, IT risk and cyber)
Support the oversight of third-party, outsourcing and supplier related risks through appropriate assessment and monitoring processes
Manage the Junior Operational Risk Associate

Assist in building and sustaining a strong enterprise-wide risk culture through clear accountability, training and awareness initiatives
Stay abreast of best practice risk management techniques

Relevant degree qualification (risk management degree/certification such as IRMSA, FRM, PRM or CRISC is advantageous)
Minimum 8 years' working experience with at least 4 years spent in an enterprise or operational risk role
Minimum 2 years' short-term insurance experience
Good understanding of the insurance regulatory environment
Experience with Solvency Assessment and Management (SAM) and specifically extensive broad-based knowledge and application of the Governance and Operational standards for Insurers (GOI)
Good and relevant understanding of business processes within the insurance industry
A sound understanding of ERM principles, processes and philosophy

Ability to build and foster relationships at all levels
Leadership and stakeholder management capabilities
Approaches work with a continuous improvement mindset
Ability to demonstrate confidence and professional courage to ask challenging questions, scrutinise assumptions and promote better decision making
Analytical ability and solution orientated with a strong work ethic
Forward looking and scenario thinking ability
Excellent interpersonal skills with strong written and verbal communication abilities
Work as part of a team, but with individual responsibilities

Should you not receive any feedback within ten (10) working days after the closing date, please accept your application as unsuccessful.