Risk & Controls Specialist (Insurancere-Insurance)

About the Role

We are seeking an experienced Controls Specialist to lead the development and enhancement of our clients UK controls framework. This is a key role supporting the Chief Risk Officer in responding to increasing regulatory expectations around controls governance and independent controls testing.

The Prudential Regulation Authority (PRA) has set clear expectations regarding robust controls frameworks including independent controls testing. While our clients Group function is establishing a controls testing capability focused on processes and controls there is a need for dedicated expertise within the UK business to define implement and embed local controls and risk mapping.

This is an excellent opportunity for an experienced controls professional who enjoys building frameworks influencing senior stakeholders and delivering meaningful change.

Key Responsibilities

• Lead the development and implementation of the UK controls framework.
  
• Assess regulatory expectations particularly PRA requirements and ensure these are reflected within the UK business.
  
• Map key risks to controls and identify gaps within the existing control environment.
  
• Determine which Group controls and capabilities can be leveraged and where local solutions are required.
  
• Partner with the Group Controls function to align approaches while ensuring UK-specific regulatory requirements are met.
  
• Support the development of an effective independent controls testing approach.
  
• Build strong relationships with senior stakeholders across Risk Compliance Operations and the business.
  
• Provide expert advice and recommendations to the Chief Risk Officer on controls strategy and implementation.
  
• Drive delivery of the controls programme ensuring milestones and regulatory expectations are achieved.
  

About You

Youll be an experienced controls professional with a strong understanding of operational risk and governance together with the ability to influence and engage stakeholders at all levels.

Essential Skills & Experience

• Significant experience in controls operational risk governance or internal controls within Financial Services.
  
• Experience within insurance or regulated financial services.
  
• Strong knowledge of UK regulatory expectations particularly PRA requirements relating to controls and governance.
  
• Experience of controls design controls mapping and risk and control assessments.
  
• Understanding of independent controls testing and controls assurance.
  
• Excellent stakeholder management and influencing skills with experience working with senior leaders.
  
• Proven ability to lead change and deliver complex programmes across multiple business areas.
  
• Strong communication analytical and problem-solving skills.
  
• Experience working with Group and local governance structures.
  
• Knowledge of enterprise risk management frameworks