ARAG UK is looking to bring on board a driven and proficient Chief Risk Officer to hold responsibility for providing second line of defence assurance to the group for all risk management related topics.

Reporting directly to the Chief Actuary & Risk Officer, this role is instrumental in ensuring a risk management system, as well as a governance and control culture are adhered to in the group in order to manage all risks within the framework of the risk appetite defined by the Management Board. The successful candidate will hold responsibility for the Internal Control System, including risk and control assessment and reporting across all in-scope processes, carried out primarily in accordance with the UK regulators as well as the requirements of the ARAG Group.

Key responsibilities include:

Reporting to the firm’s governing body on the firm’s risk exposures relative to its risk appetite and tolerance
Assessing the extent to which the risks of the business strategy and plans are consistent with the risk appetite of the management body
Informing the management body of the company if the business strategies or plans exceed the company's risk appetite and tolerance
Providing risk-focused advice and information into the setting and individual application of the firm’s remuneration policy
Ensuring that the data used by the firm to assess its risks are fit for purpose in terms of quality, quantity and breadth
Providing oversight and challenge of the firm’s systems and controls in respect of risk management
Providing oversight and validation of the firm’s internal and external reporting of risk and controls
Ensuring the adequacy of risk information, risk analysis and risk training provided to members of the firm’s governing body

The role holder will need to satisfy UK SMF regulatory requirements.

We’d like to hear from applicants with detailed knowledge of the PRA, FCA, EIOPA and associated regulators' approach to Risk, as well as Solvency II and its implementation in the UK and best practice risk approaches. You'll have the ability to express independent thought in a constructive way, and work constructively with Group Risk management, Internal audit, Compliance, Underwriting, Actuarial and Finance.

In addition, the ideal candidate will be able to demonstrate the following:

Ability to analyse data and justify conclusions.
Able to act as a partner on a consultancy basis.
Dip IRM (Institute of Risk Management) or equivalent level of education / industry experience.
Previous line management experience.
Experience coaching and developing a high performing team and delivering training.
Maintaining documentation appropriate to the task in hand.

As a team we are passionate and enthusiastic about what we do. Our people are encouraged to think independently and to take ownership of their work. In return for your commitment, we will offer you generous remuneration and an attractive benefits package which will include:

28 days holiday with the option to buy up to a further 5 days
Company pension scheme with the option to increase contributions
Inclusion in a private medical scheme (single cover)
Car Allowance
Group Income Protection for all employees
Group Legal Protection for all employees
A choice of either European Motor Assistance or Home Emergency Assistance
Salary sacrifice benefits including Cycle scheme
Access to a health assessment once every 2 years
Access to our employee discounts hub offering exclusive discounts across thousands of retail partners, including discounted gym memberships at over 3,000 gyms across the UK

If you think you would be a good match for this role and can demonstrate some transferable experience please apply, regardless of whether you meet all the criteria listed above.

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Chief Risk Officer