North Co Recruitment are working with a leading Lloyd's/London Market firm to appoint a Head of Insurance Risk to lead insurance risk oversight and Internal Model validation across a geographically diverse, multi-class specialty book. This is a senior, business-facing role for a quantitative risk leader to provide second-line challenge across underwriting, reserving, pricing, exposure management and capital modelling.
What you'll do
- Lead the insurance risk team, providing independent second-line challenge across underwriting, reserving, pricing, exposure management, capital modelling and reinsurance.
- Own and shape risk appetite for insurance risks, including catastrophe, underwriting and reserve risk.
- Drive quarterly risk reporting cycles, providing expert challenge and insight to senior stakeholders.
- Lead deep-dive risk assessments of underwriting classes and assess key risks to business plan achievability.
- Own Internal Model validation end-to-end, including planning, execution and presentation of findings to senior committees.
- Oversee stress and scenario testing, reverse stress testing and production of quantitative ORSA elements.
- Represent Risk Management at Internal Model Governance Committee and collaborate on ongoing model development.
What we're looking for
- Extensive insurance risk management, actuarial or capital modelling experience from an insurer or consultancy.
- Qualified actuary with proven Internal Model validation experience.
- Strong leadership presence with the ability to build relationships and credibility with senior management.
- Self-starter with excellent communication skills, able to present complex risk information to senior stakeholders.
- Strong financial analysis and data interpretation capability.
- Deep understanding of Lloyd's and Solvency II Internal Model validation standards and frameworks.
If you're looking for a senior insurance risk role with genuine strategic influence, leadership responsibility and exposure to complex specialty risks in a Lloyd's environment, we'd be keen to speak.
Salary: £150,00 - £170,000 base, plus discretionary bonus
Location: Hybrid, London Based.
Please note, the client is unable to offer sponsorship for this opportunity.
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