- Location
- Dublin, Ireland
- Type
- Full-time
- Department
- Administration
- Seniority
- C-Level
- Source
- Workday
Description
Play an active role in the success of the Company and ensure that the Enterprise Risk Management function is integrated in the strategic business decisions of the organisation.
Accountable for developing and maintaining the Company’s Enterprise Risk Management framework in line with regulatory standards.
Responsible for the production and reporting of the Company’s Own Risk and Solvency Assessment (ORSA), including determination of appropriate Capital and Own funds requirements.
Responsible for the coordination of the Solvency and Financial Condition Report (SFCR) across the business, and in particular all the relevant sections on the Risk Management System and the overall solvency assessment.
Act as member of the Executive Management Team and have oversight of the Enterprise Risk management framework and activities of the UK business.
KEY RESPONSIBILITIES
- To understand and articulate the Board’s appetite for risk and help the Company formulate and execute business strategy to operate within appetite.
- Work with the senior management team to identify, assess and manage risks associated with undertaking business.
- Actively identify and monitor emerging risks to the Company.
- Assess and validate the appropriateness of the Company’s capital calculation approach (Standard Formula) and processes.
- Design, implement and enhance the Company’s Enterprise Risk Management Framework, including the processes to identify, analyse and quantify risks (both inherent and residual). This includes but is not limited to:
- Raising Awareness and understanding of the ERM Framework.
- Ensuring the effective design and operation of controls within functions.
- Identifying risks, risk events and issues arising reporting these appropriately
- Participate in risk management activities/processes as required of the role.
- Take ownership for the production and communication of the annual Own Risk and Solvency Assessment (ORSA).
- Take ownership for the communication of the annual Solvency and Financial Condition Report (SFCR), including responsibility for oversight of the SFCR calculations
Profile and Core competencies:
- Risk Management qualification
- Proven leadership experience
- Ability to balance risk and reward to support business growth while protecting capital.
- Extensive experience in the insurance or reinsurance sector.
- Regulatory Knowledge: Deep understanding of Solvency II requirements and Irish regulatory standards.
- Communication Skills: Proven capability to present complex actuarial findings to Board-level stakeholders
If you're a caring and customer focused individual who enjoys working with passionate team members, Coverys is the right company for you!