Risk Executive

Risk Executive

The role holder will be responsible for the review, support and development of the Enterprise Risk framework within EUI. This will involve reviewing and challenging the business to ensure that risks are identified, managed, measured and controlled, optimising EUI’s ability to balance risk and reward.

Main Duties

• Facilitate regular risk reviews, control testing, analysis and monitoring of risks, against risk appetite, Key Risk Indicators (KRIs) and loss data.
• To support the ongoing management of operational risk, ensuring current processes remain fit for purpose and support the management and mitigation of any exposures.
• Provide consultancy and support managers in managing risk within their areas via education and awareness sessions (workshops, additional training etc).
• Providing oversight and support to a wider schedule of internal and external project health checks and assurance reviews.
• Promote and embed enterprise risk management (ERM) processes, awareness and understanding across EUI in order to minimise customer detriment and financial losses.
• Assess the impact of change within the business against Admiral’s risk profile, ensuring timely identification of key themes and emerging risks, issues and exposure, and providing recommendations to management to mitigate and resolve potential issues.
• Produce analysis and reporting of the risk and control environment ensuring timely identification of themes and emerging risks, issues and exposure and provide recommendation for action to allow reporting to relevant Committees.
• Represent 2nd line Risk in relevant Committees, working groups and meetings.
• Identify improvement opportunities to the Enterprise Risk Management Framework and contribute to their delivery.
• Assess the impact of change within EUI against our risk profile and support change initiatives and projects.
• Remain aware of leading practices on managing risk and keep up to date on current industry practises and implement change where needed within the development plan ensuring timely insight on industry thinking.
• Develop and maintain key stakeholder relationships across EUI via business partnering.

This is not a full definition of the role but covers the main aspects and drivers for success.

Key Skills, Competencies and Qualifications

• An understanding of the current regulatory landscape, macroeconomic environment, and risk management techniques.
• Possess the ability to make effective and informed decisions and develop clear, efficient and logical approaches to work.
• An understanding of change methodologies (agile, waterfall and hybrid) would be beneficial but isn’t essential
• Confident keeping up to date with the latest legislation and regulations that apply to the department.
• Demonstrate an ability to seize opportunities without waiting for an event or having to be told.
• Ability to work on own initiative, with the ability to introduce fresh thinking to the role and the wider Risk team
• Understanding of business issues and challenges of the business, as well as the needs and priorities of customers (inside and outside the organisation)
• Able to communicate with employees of all levels including senior management both written and verbally
• Any relevant risk qualifications would be beneficial but is not essential

Salary, Benefits and Work-Life Balance

We do not have a set salary for this position, as it will be dependent on the successful candidate’s experience. We are happy to see CVs from all candidates who meet the requirements and will be happy to discuss the remuneration package.

At Admiral, we are proud to be a diverse business where we put our people and customers first. We have great benefits to ensure employees have a great work-life balance; it's one of the reasons we’re consistently voted one of the Sunday Times Best Big Companies to work for in the UK. We want you to have an element of freedom to define a working lifestyle that supports this, so accommodate flexible hours wherever possible.

All colleagues will receive 33 days holiday (including banks holidays) when they join us, and this will increase with length of service, up to a maximum of 38 days (including banks holidays). You also have the option to buy or sell up to five days of annual leave in addition to your allocation.

You can also view some of our other key benefits here.

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