Risk Officer

Company: Hiscox Underwriting Group Services Ltd (HUGS)
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Location: London
Job Description:

Job Overview

Job Type: Permanent. Build a brilliant future with Hiscox. Reporting to the Group Head of Enterprise Risk Management, London. Hybrid working (minimum two days in office per week).

Key Responsibilities

  • Provide support to the Group Risk Function in delivering its objectives.
  • Support the Risk Function in managing and embedding the Risk and Control Self-Assessment (RCSA) process, Group risk policies, the Risk and Control Register (RCR), Risk Dashboards, and Risk Event and Action analysis and reporting.
  • Assist with the preparation of papers and documents to be discussed at Board level and Executive level Risk Committees.
  • Lead on the production of the Group Own Risk and Solvency Assessment (ORSA) report and support the production of the ORSA reports across the Group.
  • Support the analysis of reported risk events and consider how external datasets can be used to help inform internal analysis.
  • Contribute to business second line challenge through involvement in stakeholder meetings and specific risk reviews.
  • Develop subject matter expertise, including through self‑study and attendance at industry and market meetings.
  • Stay abreast of regulatory developments in respect of risk management and the commensurate requirements and implications to the business.
  • Support the delivery of regulatory requirements, including submissions to a range of regulators of the Hiscox group.

Qualifications & Technical Experience

  • Solid understanding of key enterprise risk techniques and related common good practice, with deep knowledge and experience in key risk types applicable to retail insurance and commercial (re)insurance.
  • Strong preference for experience in insurance; consideration given to financial services experience.
  • Proven experience in Enterprise Risk Management or a focused risk area, including roles such as insurance audit, compliance, consultancy or other relevant experiences.
  • Experience in meeting corporate and regulatory risk management requirements and related reporting.
  • Qualification or progress towards qualification in a related field such as risk management, insurance, finance or accounting.

Desired Skills

  • Ability to work independently and take ownership of tasks in an organised manner.
  • Capability to form and articulate an opinion based on analysis, considering internal and external factors.
  • Ability and ownership for integrating and harmonising own activities, multi‑tasking effectively, prioritising work, meeting deadlines and working in a dynamic and complex environment.
  • Demonstrated strong risk capabilities, increasing depth of technical know‑how and breadth of responsibility.
  • Skill in developing, managing and deepening multiple stakeholder relationships across all levels of the business.
  • Confidence in putting forward constructive challenge to senior colleagues in a credible, collaborative and non‑contentious manner.
  • Accountability for areas of responsibility and a pride in delivery.
  • Capacity to diagnose an issue, consider options and approaches and execute solutions seamlessly.

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Posted: May 31st, 2026