Qudos Recruitment
Risk Manager (Insurance Sector) - THIS POSITION IS BASED IN EITHER GIBRALTAR OR MALTA AND REQUIRES RELOCATION TO THE SURROUNDING AREA
Get notified of more jobs like this · No spam, ever
How your CV stacks up
Upload your CV to see how well it fits this job role
?%
PLEASE NOTE: THIS POSITION IS BASED IN EITHER GIBRALTAR OR MALTA AND REQUIRES RELOCATION TO THE SURROUNDING AREA.
Role Summary:
This role is responsible for carrying out the risk management function across the Group’s Mediterranean operations, including its Gibraltar and Malta insurance and broker businesses, and will serve as the designated risk management function holder for the regulated insurance operations. Working closely with local management, the role holder will help ensure that risk governance, reporting and oversight remain aligned to Group standards, applicable Gibraltar Financial Services Commission and Malta Financial Services Authority requirements, and the wider Solvency II framework. The role also supports the embedding of sustainability and climate change considerations within the risk management framework and relevant business processes. The successful candidate must bring a strong understanding of insurance risk management in a regulated insurer environment and an appreciation of broker risk considerations.
Primary Responsibilities:
- Serve as the designated risk management function holder for the Gibraltar and Malta insurance carrier business, supporting the effective operation and documentation of the risk management framework across those regulated insurance operations.
- Maintain and enhance the risk management framework across the Group’s Mediterranean operations, including risk appetite, metrics, risk-related policies, risk registers, risk assessments and emerging risks, in alignment with Group standards and under the oversight of the Group Head of Risk.
- Provide guidance and support to business units and engage proactively with senior management in understanding and managing the company’s risk obligations across the Mediterranean as applicable.
- Facilitate the preparation of risk-related materials and reports, including ORSA inputs and other risk reporting for the appropriate oversight committees and Boards.
- Present quarterly risk reporting to senior management and the Board and its committees as required.
- Assist with internal audit activity, regulatory visits and other external examinations relevant to the Mediterranean operations.
- Conduct risk training and awareness activity to help embed sound risk management practices across the business.
- Participate in sustainability initiatives, including assisting management in embedding sustainability and climate change considerations into the risk management framework and relevant business processes.
- Carry out other risk-related duties as reasonably required within the scope of the role and in coordination with senior management and the Group Head of Risk.
- Support compliance with jurisdiction-specific regulatory risk management requirements relevant to the Mediterranean operations, including governance, ORSA, risk appetite, policy review, branch oversight and regulatory reporting obligations, as applicable.
Reasons to use Rodeo
Start with a chat, not a search bar
Grad scheme, placement, apprenticeship? Not sure what you want yet — that's fine. Your agent talks it through with you and turns "I have no idea" into a shortlist.
It searches the market for you
Every day your agent scans the market matching roles against what actually matters to you, not just keywords on a CV.
Only hits
No noise. No "maybe this fits." Just roles with a clear explanation of why they're right — and where to focus when applying.
Skills, Experience & Attributes:
Get help with your application
Your very own career expert that helps elevate your application to the next level.
- A minimum of five years of relevant experience in a risk role within the financial services industry, ideally within insurance, broking, a managing agent, syndicate or another Lloyd’s market participant.
- Demonstrable experience of the Lloyd’s market, together with familiarity with market governance, broker interactions and relevant underwriting, operational or conduct risk considerations, is preferred.
- Strong understanding of insurance risk management under the Solvency II framework, including ORSA, governance and risk appetite requirements, and preferably either/and the Gibraltar Financial Services Commission or the Malta Financial Services Association regimes.
- Experience of broker or intermediary risk considerations, including conduct, operational and distribution-related risks, would be advantageous.
- Experience acting as a designated function holder or supporting a key function holder framework would be advantageous.
- Experience supporting or overseeing cross-border or branch operations would be advantageous.
- University degree in a relevant field such as risk management, insurance, finance, business or economics.
- Risk management certifications and familiarity with ESG reporting frameworks, including those relating to climate change, would be advantageous.
- Experience in risk appetite, risk and control self-assessments, incident management, governance reporting and Board or committee reporting.
- Strong analytical, drafting and communication skills, with the ability to present risk matters clearly, including experience presenting to senior management and Board audiences.
- Strong proficiency in Microsoft Office, particularly Excel, Word and PowerPoint.
- Good organisational skills, sound judgement and the ability to work collaboratively with colleagues across the business.
“It took my CV and asked me questions relevant to understanding what kind of jobs to suggest for me. Suggestions were almost perfect. Jobs were exactly what I’ve been looking for.”
Jessica, London
Skills
Location