Senior Risk Manager - Life Insurance/Pensions

Location: London – hybrid 50%

Contract: Permanent

Hours: 35 hours

Purpose

To be responsible for all aspects of risk pertaining to Defined Benefits (DB) from within the business at Just. Particularly, with a focus on our de‑risking/Bulk Purchase Annuity (BPA) activities.

About Just

We help people achieve a better later life. That’s our purpose and it’s the reason we exist. We are a fast-growing company helping customers enjoy the retirement they deserve. We do this through a variety of market leading, award‑winning products and services, delivered by a diverse team of over 1,400 purpose‑led colleagues who genuinely put the customer at the heart of everything we do.

This is a brilliant time to join our business. We are on an exciting growth journey to become the UK’s most loved retirement expert.

Key Responsibilities

• Lead on the Identification, Management, Monitoring and Mitigation (IMMM) of risks inherent in writing pension risk transfer business. This includes financial, insurance and operational (all) risks pertaining to the Defined benefits business, from within the business.
• Develop and embed first line risk reporting across the DB business unit up to the Senior Management Committee including all relevant risk metrics for the DB business. Coordinate DB reporting into the Group Risk team for upwards reporting into Executive and Group Risk Committees.
• Build a working relationship with the group risk team, ensure awareness of the group risk requirements, second line policies, frameworks and procedures; lead and oversee embedding of these within the DB department as required. Work closely with the Risk function ensuring that major transactions and initiatives have necessary and timely risk input and review.
• Where required, lead the coordination on behalf of DB with other control functions across Just, including internal and external audit. Where risks in the DB business span other departments, work closely with those functions to ensure risk is captured appropriately across functions.
• Act as a risk subject matter expert within the DB business unit and provide trusted advice, support and training to the team managers and members to support strong risk culture and practices across the department. Develop the DB risk leads to act as local risk experts within their local areas and provide risk expertise and support to them.
• Provide pro‑active risk advice, support and effective challenge to the DB business, encouraging best practices in controls, management of risks and proactive management of risk events, and risk advice for new propositions, change initiatives and deals.

What We’re Looking For

• Risk Management: Proven track record of practical experience of implementing and/or operating risk management processes.
• Industry Knowledge: Significant breadth of experience and knowledge of life and pensions / Financial Services.
• Experience of change and implementation of developments.
• Commercial Acumen: Commercially experienced and aware, with a strong understanding of market dynamics and business strategies.
• Internal Partnerships: Proven record of building strong internal partnerships within businesses, particularly with technical functions such as Actuarial.
• Quantitative Frameworks: Experience in running quantitative frameworks in financial, insurance, and operational risk, with a proven ability to understand and meet the requirements of Executives, Risk Committees and Boards.

What’s in It For You

• A competitive salary, pension scheme and life assurance.
• 25 days annual leave plus an additional day on us for your birthday.
• Private medical cover and income protection, just in case.
• A generous and highly achievable bonus scheme.
• Opportunities to progress your career in‑role and within the company.
• Free access to the Headspace app, 24/7 employee assistance helpline and trained physical and mental health first aiders.
• A variety of employee funded benefits available via our online benefits portal.
• Plus, several additional purchase options available for you and your loved ones.

Additional Information

Seniority level: Mid‑Senior level

Employment type: Full‑time

Job function: Analyst, Finance, and Other

Industries: Financial Services, Pension Funds, and Insurance

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