Senior Risk and Compliance Business Partner (Finance and Insurance)
Posted 4 days ago
- Bournemouth, Dorset
- Any
- External
- Expires In 3 months
About The Role
Team – Risk
Working Pattern - Hybrid – 2 days per week in either the Vitality Bournemouth or London Offices. Full time hours.
We are happy to discuss flexible working!
What this role is all about:
To support the UK Group Heads of Risk, the UK Group Compliance Director and the UK Group Chief Risk Officer in the delivery of the Enterprise Risk Management Framework and promotion of a positive risk and compliance culture.
To partner and work with the business to promote and embed best practice in managing risk and its impacts on the business.
To give specialist guidance, advice and assurance in support of delivering regulatory compliant business objectives.
To actively represent the Risk and Compliance function within senior and extended leadership groups, providing accurate, timely and constructive reports and specialist opinions in line with the ERM Framework.
Key Actions
Establishing and maintaining strong stakeholder management relationships across Vitality (including senior leadership and Risk Champions).
Attending business meetings to ensure alignment of risk and compliance activities with business strategy.
Guiding, coaching and providing risk and compliance training to the business and peers on significant matters.
Effectively liaising with key stakeholders, including internal Risk and Compliance colleagues, 1st Line business and 3rd Line of defence to disseminate business, risk and compliance activities.
Developing and producing monthly and quarterly management information on activities such as Risk and Control Self Assessments, Risk Indicators, Scenario Analysis, Incidents and Assurance Issues for different forums (e.g. Executive and Board committees)
Supporting the implementation of the ERM Framework, the risk management system, and the incident management system, including facilitating the identification of current and emerging risks, providing assurance that policies, minimum standards and controls within the Fframework work effectively to mitigate risk.
Finance and Insurance specialist: effective and structured communication, providing advice, support, and guidance specifically in relation to risk management.
Challenging risk decisions related to insurance, business, credit, market and liquidity risk and their consequent impact on earnings, liquidity and solvency. Facilitating the effective identification and mitigation of model risk.
Delivering risk-focussed components and providing ‘2nd Line’ assurance over key quantitative aspects of Solvency UK and other regulatory reporting
outputs (including ORSA, SFCR, QRTs, RRP, AFS, TCFD, MTCMP).
Working with, and challenging, the business to ensure that key risk indicators are representative of the risk appetite and monitored on a regular basis.What do you need to thrive?
Practical and technical experience of the Solvency UK framework and UK financial reporting.
Experience in financial services, preferably insurance business.
Able to work collaboratively and communicate with people at all levels in the organisation.
Excellent relationship management skills to Executive level (Ambassadorial Approach).
Excellent communication skills both oral and written.
Has an evidential strategic and tactical approach.
Analytically minded.So, what’s in it for you?
Bonus Schemes – A bonus that regularly rewards you for your performance
A pension of up to 12%– We will match your contributions up to 6% of your salary
Our award-winning Vitality health insurance – With its own set of rewards and benefits
Life Assurance – Four times annual salaryThese are just some of the many perks that we offer! To view the extensive range of benefits we offer, please visit our careers page. Fantastic Benefits. Exciting rewards. Great career opportunities!
If you are successful in your application and join us at Vitality, this is our promise to you, we will:
Help you to be the healthiest you’ve ever been.
Create an environment that embraces you as you are and enables you to be your best self.
Give you flexibility on how, where and when you work.
Help you advance your career by playing you to your strengths.
Give you a voice to help our business grow and make Vitality a great place to be.
Give you the space to try, fail and learn.
Provide a healthy balance of challenge and support.
Recognise and reward you with a competitive salary and amazing benefits.
Be there for you when you need us.
Provide opportunities for you to be a force for good in society.We commit to all these things because we want you to feel that you belong, and are supported to be happy and healthy.
About The Company
We're really excited to announce that we have recently been awarded "Top 10 Best Places To Work" in The Sunday Times Awards 2024!
Diversity & Inclusion
We’re committed to diversity and inclusion because it’s good for our employees, for our business, and for society. To learn more please visit our Careers page.
Vitality’s approach to sustainability
Vitality is a business that drives positive change. We reward people for making and sustaining healthier choices. But healthy people also need a healthy environment. To learn more please visit our Careers page.
If we are fortunate in receiving a high volume of quality applications we may need to close this vacancy early
Team – Risk
Working Pattern - Hybrid – 2 days per week in either the Vitality Bournemouth or London Offices. Full time hours.
We are happy to discuss flexible working!
What this role is all about:
To support the UK Group Heads of Risk, the UK Group Compliance Director and the UK Group Chief Risk Officer in the delivery of the Enterprise Risk Management Framework and promotion of a positive risk and compliance culture.
To partner and work with the business to promote and embed best practice in managing risk and its impacts on the business.
To give specialist guidance, advice and assurance in support of delivering regulatory compliant business objectives.
To actively represent the Risk and Compliance function within senior and extended leadership groups, providing accurate, timely and constructive reports and specialist opinions in line with the ERM Framework.
Key Actions
Establishing and maintaining strong stakeholder management relationships across Vitality (including senior leadership and Risk Champions).
Attending business meetings to ensure alignment of risk and compliance activities with business strategy.
Guiding, coaching and providing risk and compliance training to the business and peers on significant matters.
Effectively liaising with key stakeholders, including internal Risk and Compliance colleagues, 1st Line business and 3rd Line of defence to disseminate business, risk and compliance activities.
Developing and producing monthly and quarterly management information on activities such as Risk and Control Self Assessments, Risk Indicators, Scenario Analysis, Incidents and Assurance Issues for different forums (e.g. Executive and Board committees)
Supporting the implementation of the ERM Framework, the risk management system, and the incident management system, including facilitating the identification of current and emerging risks, providing assurance that policies, minimum standards and controls within the Fframework work effectively to mitigate risk.
Finance and Insurance specialist: effective and structured communication, providing advice, support, and guidance specifically in relation to risk management.
Challenging risk decisions related to insurance, business, credit, market and liquidity risk and their consequent impact on earnings, liquidity and solvency. Facilitating the effective identification and mitigation of model risk.
Delivering risk-focussed components and providing ‘2nd Line’ assurance over key quantitative aspects of Solvency UK and other regulatory reporting
outputs (including ORSA, SFCR, QRTs, RRP, AFS, TCFD, MTCMP).
Working with, and challenging, the business to ensure that key risk indicators are representative of the risk appetite and monitored on a regular basis.What do you need to thrive?
Practical and technical experience of the Solvency UK framework and UK financial reporting.
Experience in financial services, preferably insurance business.
Able to work collaboratively and communicate with people at all levels in the organisation.
Excellent relationship management skills to Executive level (Ambassadorial Approach).
Excellent communication skills both oral and written.
Has an evidential strategic and tactical approach.
Analytically minded.So, what’s in it for you?
Bonus Schemes – A bonus that regularly rewards you for your performance
A pension of up to 12%– We will match your contributions up to 6% of your salary
Our award-winning Vitality health insurance – With its own set of rewards and benefits
Life Assurance – Four times annual salaryThese are just some of the many perks that we offer! To view the extensive range of benefits we offer, please visit our careers page. Fantastic Benefits. Exciting rewards. Great career opportunities!
If you are successful in your application and join us at Vitality, this is our promise to you, we will:
Help you to be the healthiest you’ve ever been.
Create an environment that embraces you as you are and enables you to be your best self.
Give you flexibility on how, where and when you work.
Help you advance your career by playing you to your strengths.
Give you a voice to help our business grow and make Vitality a great place to be.
Give you the space to try, fail and learn.
Provide a healthy balance of challenge and support.
Recognise and reward you with a competitive salary and amazing benefits.
Be there for you when you need us.
Provide opportunities for you to be a force for good in society.We commit to all these things because we want you to feel that you belong, and are supported to be happy and healthy.
About The Company
We're really excited to announce that we have recently been awarded "Top 10 Best Places To Work" in The Sunday Times Awards 2024!
Diversity & Inclusion
We’re committed to diversity and inclusion because it’s good for our employees, for our business, and for society. To learn more please visit our Careers page.
Vitality’s approach to sustainability
Vitality is a business that drives positive change. We reward people for making and sustaining healthier choices. But healthy people also need a healthy environment. To learn more please visit our Careers page.
If we are fortunate in receiving a high volume of quality applications we may need to close this vacancy early