Chief Risk Officer UK Life Part Time Job Share Full Time - England - ref. m07815019
We are committed to delivering innovative solutions that meet the evolving needs of our clients, be it individuals, small businesses, or large corporations. Our culture is built on a foundation of diversity, inclusion, and a relentless pursuit of excellence.
We believe in empowering our employees to shape their careers through continuous learning and professional development. At Zurich, youll have the opportunity to work with some of the brightest minds in the industry, in an environment that fosters creativity, collaboration, and growth.We are seeking a dynamic and strategic leader for the position of Chief Risk Officer (CRO) for our Life insurance business in the UK.
This pivotal role supports the Life CEO and Board in facilitating the appropriate management of risks within ZAL and is responsible for the adoption of Group Risk Management processes and methodologies. This is a unique opportunity to make a significant impact within a leading global insurer.
Risk management has never been more important, and you will play a crucial role within our global risk team. Reporting to the UK CRO with accountabilities to the Life CEO and the ZAL Board and forms part of the UK Life leadership team.If you are ready to take on this role and lead the risk management function at ZAL, we invite you to apply and join our mission to build a brighter future.What will you be doing:Design, develop and oversee the implementation of the risk strategy, appetite and policy that meet regulatory requirements.Understand the commercial drivers of the business and have the capability to critically evaluate and challenge business strategies and plan delivery.Maintain appropriate risk framework and risk culture to meet the risk strategy, appetite and policy requirements of the ZAL Board, in alignment with UK and Zurich Risk Policy.Oversee the performance of the ORSA (Own Risk and Solvency Assessment) and review the appropriateness of the minimum capital requirement being held.
Responsible for the design and validation of models used in support of the risk framework and the monitoring of capital, including internal models as defined by Solvency II.Oversee implementation of and adherence to the risk strategy, appetite metrics, policy requirements and processes set by the ZAL Board including prudential risk elements.Undertake risk assessments of, and provide risk opinions on, operational and strategic plans, and material changes to ZALs risk profile including risk oversight of ZALs outsourced activities.Oversee the design and operational effectiveness of ZALs risk systems and controls so as to maintain a strong internal control environment.Lead ZAL engagement with the Prudential Regulation Authority (PRA) alongside the UK CRO.Provide oversight to operational resilience planning activities, ensuring that it is supported by appropriate and proportionate systems, resources and procedures from a risk perspective.What are we looking for?You will either have extensive understanding of and exposure to the UK Business, market and regulatory environment or be a CRO in a large, complex business within a heavily regulated market with Life Insurance experience.Risk Management, Quantitative Risk and Controls expertise.Excellent communicator with ability to gain trust, credibility and influence with a wide range of stakeholders including Executive Committee, Group, Boards and Regulators.Possess the ability to skillfully navigate the dual role of a pragmatic business partner while independently questioning decisions when necessary.A dynamic, proactive individual who will have a strong voice, able to bring constructive challenge alongside the CEO and Board in leading the ZAL business.Experience with managing the PRA relationship preferred.
SMF4 or similar experience essential.Be a role-model leader with a demonstrated ability to build, develop, and engage high-performing, inclusive teams within a matrix organization and reporting structure, with a strong emphasis on fostering diversity of thought.SMFsThis role is a Senior Management Function (SMF) role under the Senior Managers and Certification Regime (SM&CR), which is subject to regulatory approval.The successful candidate will be offered the position subject to the successful completion of Regulatory Reference requirements.Many of our employees work flexibly in a variety of different ways, including part-time, flexible hours, job share, an element of working from home or compressed hours.
This is because we want the best people for our roles, and we recognise that sometimes those people arent available full-time. Please talk to us at interview about the flexibility you may need.Who we are:At Zurich we aspire to be one of the most responsible and impactful businesses in the world and the best global insurer.
Together were creating a brighter future for our customers, our people and our planet. With over 55,000 employees in more than 170 countries, youll feel the support of being part of a strong and stable company who are a long-standing player in the insurance industry.If youre interested in working in a dynamic and challenging environment for a company that recognises and rewards your creativity, initiatives and contributions - then Zurich could be just the place for you.
Be part of something great.Our Culture:At Zurich, our sense of community is strong and were particularly passionate about diversity and inclusion, which weve won numerous awards for. We want our people to bring the whole of themselves to work and ensure everybody is made to feel welcome, regardless of their background, beliefs or culture.
We want our employees to reflect the diversity of our customers, and so are committed to treating all of our applicants fairly and with respect, irrespective of their actual or assumed background, disability or any other protected characteristic.Weve an environment that places a real importance on our peoples wellbeing from a physical, mental, social and financial perspective.
We work with our wellbeing partners and industry experts to provide the best advice and access to a wealth of lifestyle support. Were also committed to continuous improvement and we offer access to a comprehensive range of training and development opportunities.Were passionate about supporting employees to help others by getting involved in volunteering, charitable and community activity.
Our charitable arm, Zurich Community Trust, is one of the longest-established corporate trusts in the UK. In that time, weve awarded grants and volunteered time to deserving causes in the UK valued at over £90 million.So make a difference. Be challenged. Be inspired. Be supported, Love what you do. Work for us.