Audit & Risk Recruitment have been engaged by a London based insurance business to help recruit a NED, Risk Committee Chair.

We're looking for an experienced Senior Risk professional with Risk Committee experience within the insurance industry and a background providing meaningful strategic direction and input at Board level.

As SMF 10 – Chair of the Risk Committee you will be responsible for chairing and overseeing the performance of the role of the Risk Committee, including:

- ensuring that the Risk Committee:

o meets with sufficient frequency

o fosters an open, inclusive discussion which challenges executives where appropriate; and

o devotes sufficient time and attention to matters within its remit which are relevant to the company’s safety and soundness;

- helping to ensure that the Risk Committee and its members have the information necessary to perform their tasks;

- facilitating the running of the Risk Committee to assist it in providing independent oversight of executive decisions; and

- reporting to the Board on the Risk Committee’s activities

• Be a proactive member of the company’s Audit Committee

• Scrutinise the performance of executives in meeting agreed goals and objectives

• Be satisfied on the integrity of financial information and that financial controls and systems of risk management are robust and defensible

• Independently look at the company’s quarterly risk scoring and advise the company accordingly

• Comply with the PRA and FCA rules for approved persons including the carrying out of those duties and obligations designated by the Senior Managers Regime:

This role is for 8 days per year.

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