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Insurance Risk Transformation Manager
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Insurance Risk Transformation Manager
Location: London, UK
Contract: Permanent, Full Time
Working pattern: Hybrid, with attendance at the London office and client sites as required
Base salary: £82,005 per year
Total cash package: Up to £110,000, including personal and company bonuses
Industry: Financial Services Consulting, Insurance, Risk and Regulatory Transformation
Overview
Our client, a growing management consultancy specialising in sustainable business transformation, is seeking an experienced Insurance Risk Transformation Manager to join its Financial Services practice.
You will lead complex risk, regulatory and controls transformation programmes for insurance clients, working directly with senior and C-suite stakeholders. The role combines client delivery, proposition development, business development and team leadership, offering significant responsibility from the outset.
You will advise insurers on enterprise risk management, regulatory change, operational resilience, controls and target operating model design. You will also help shape the consultancy’s insurance risk proposition, contribute to market-facing thought leadership and support the development of high-performing consulting teams.
This opportunity is best suited to an established management consultant with deep insurance expertise, strong commercial judgement and a proven record of leading transformation engagements.
Please note that our client is unable to provide visa sponsorship for this position. Applicants must have the right to work in the UK without requiring sponsorship now or in the future.
Responsibilities
- Lead the end-to-end delivery of risk, regulatory and controls transformation programmes within the insurance sector.
- Manage complex client engagements, ensuring delivery quality, commercial performance and sustainable outcomes.
- Deliver regulatory change programmes relating to areas such as Consumer Duty, IFRS 17, Solvency II and wider regulatory expectations.
- Support operational resilience, stress testing and scenario analysis initiatives.
- Design and implement risk target operating models across governance, people, process, data and technology.
- Advise clients on enterprise risk management frameworks, governance models and regulatory compliance.
- Help clients strengthen their operational risk, conduct risk, enterprise risk, controls and assurance capabilities.
- Lead client workshops and facilitate complex strategic and operational decision-making.
- Build and maintain trusted relationships with senior and C-suite stakeholders.
- Challenge client thinking constructively and translate complex issues into clear recommendations.
- Shape and develop market propositions relating to insurance risk and regulatory transformation.
- Contribute to thought leadership and develop perspectives on emerging financial services and insurance risk trends.
- Support business development through proposals, requests for proposal, client pitches and account-growth activity.
- Identify new opportunities and lead commercial conversations with prospective and existing clients.
- Lead multidisciplinary consultant and client teams within complex, matrix-managed environments.
- Coach and develop junior consultants and support the career development of a small group of colleagues.
- Contribute to a collaborative, transparent and high-performing consulting culture.
- Integrate ethical, sustainable and socially responsible practices into client and internal delivery.
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Requirements
Essential
- Six to eight years of relevant experience within a management consulting environment.
- A strong consulting background, ideally gained within a major professional services or established consulting firm.
- Deep knowledge of the insurance industry and its end-to-end value chain, including underwriting, pricing, claims and reinsurance.
- Understanding of the wider insurance ecosystem, potentially including personal lines, commercial insurance, the London Market and managing general agents.
- Strong knowledge of insurance market trends and their impact on the evolving risk environment.
- Detailed knowledge of enterprise risk management frameworks and practices.
- Strong understanding of relevant regulatory frameworks, including FCA and PRA requirements, Solvency II, Consumer Duty and IFRS 17.
- Experience across risk disciplines such as operational risk, conduct risk, enterprise risk, controls or assurance.
- A proven record of delivering risk, regulatory or controls-focused transformation programmes.
- Experience delivering regulatory change, operational resilience or wider risk transformation initiatives.
- Experience designing and implementing target operating models across governance, people, process and technology.
- Experience working within agile or hybrid delivery environments and applying structured programme-delivery methodologies.
- Strong stakeholder-management skills, including the ability to influence, advise and challenge at C-suite level.
- Demonstrable commercial acumen and experience contributing to sales, proposals and business development.
- Experience shaping client propositions and leading client conversations.
- Experience leading and developing teams within complex or matrix-managed environments.
- Excellent communication, facilitation, analytical and problem-solving skills.
- A collaborative mindset and a commitment to delivering lasting client outcomes.
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Desirable
- Experience gained within a Big Four or other leading management consultancy.
- Familiarity with risk technology, governance, risk and compliance platforms or controls-management tools.
- Experience working within data-led risk, regulatory reporting or controls environments.
- Experience developing thought leadership or market-facing insurance risk content.
- A track record of growing client accounts or building a consulting capability.
Benefits
Our client offers a comprehensive reward and development package, including:
- Base salary of £82,005 per year.
- Total cash compensation of up to £110,000 through personal and company bonuses paid every six months.
- 25 days of annual leave, increasing by one day for each completed year of service to a maximum of 30 days.
- The option to buy or sell up to five days of annual leave each year.
- Private medical insurance.
- Group personal pension scheme.
- Life assurance.
- Discounted lifestyle and wellbeing benefits.
- Enhanced parental pay and family-friendly leave provisions.
- Flexible working options and paid time away for family commitments.
- Hybrid working across the London office, home and client locations.
- Structured professional development from the beginning of employment.
- Opportunities to lead significant client engagements and influence the growth of the practice.
- Employee-led inclusion, learning and peer-support networks.
- Transparent performance management without fixed promotion quotas or forced performance distributions.
- A supportive consulting culture that values collaboration, integrity and shared success.
Application Process
Submit your application through the relevant online recruitment portal.
Applicants should provide clear evidence of their consulting background, insurance-sector expertise, risk transformation delivery experience and ability to influence senior stakeholders.
Candidates should also demonstrate experience in business development, proposition design, team leadership and the delivery of complex client programmes.
Applicants must already have the right to work in the UK without employer-sponsored immigration permission. Our client is unable to provide visa sponsorship now or in the future.
Our client is committed to equal opportunity and to providing an inclusive recruitment process. Applications are welcomed from candidates of all backgrounds, identities and experiences.
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