Audit & Risk Recruitment have been engaged by a London based insurance business to help recruit a NED, Risk Committee Chair.
We’re looking for an experienced Senior Risk professional with Risk Committee experience within the insurance industry and a background providing meaningful strategic direction and input at Board level.
As SMF 10 – Chair of the Risk Committee you will be responsible for chairing and overseeing the performance of the role of the Risk Committee, including:
– ensuring that the Risk Committee:
o meets with sufficient frequency
o fosters an open, inclusive discussion which challenges executives where appropriate; and
o devotes sufficient time and attention to matters within its remit which are relevant to the company’s safety and soundness;
– helping to ensure that the Risk Committee and its members have the information necessary to perform their tasks;
– facilitating the running of the Risk Committee to assist it in providing independent oversight of executive decisions; and
– reporting to the Board on the Risk Committee’s activities
• Be a proactive member of the company’s Audit Committee
• Scrutinise the performance of executives in meeting agreed goals and objectives
• Be satisfied on the integrity of financial information and that financial controls and systems of risk management are robust and defensible
• Independently look at the company’s quarterly risk scoring and advise the company accordingly
• Comply with the PRA and FCA rules for approved persons including the carrying out of those duties and obligations designated by the Senior Managers Regime:
This role is for 8 days per year.
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