Risk Management Lead managing the development of IESO's enterprise risk management program. Collaborating across the organization to identify, assess, monitor, and report on risks.
About the role
- Senior Risk Manager at Covéa Insurance leading risk oversight for digital, AI, and cybersecurity initiatives. Driving governance and compliance within the UK insurance regulatory framework.
Responsibilities
- Drive a strong risk culture and embed an effective risk framework across the business.
- Deliver confident second‑line challenge on digital initiatives and ensure clear ownership of controls and issues.
- Lead end‑to‑end risk assessment, including RCSAs and deep‑dives into major tech and change risks.
- Test control effectiveness, analyse root causes, and keep exposures within appetite.
- Set the governance agenda for AI and machine learning.
- Define and enforce standards on AI ethics, data privacy, and algorithmic accountability, while overseeing model validation and monitoring to support safe, responsible innovation.
- Provide sharp oversight of cybersecurity, IT infrastructure, and cloud risks.
- Partner with IT and Security to ensure strong controls aligned to ISO/IEC 27001 and NIST, track emerging threats, and drive timely mitigation.
- Ensure alignment with PRA/FCA expectations and industry standards.
- Produce high‑quality risk reporting (including ORSA), manage regulatory interactions, and stay ahead of evolving guidance on AI, data, and model risk.
- Act as a trusted advisor to senior leaders. Deliver clear, authoritative challenge, translate complex tech risks into business‑ready insights, and influence decisions up to Board level to keep the firm within appetite.
Requirements
- Strong second‑line risk background in UK general insurance, with solid understanding of underwriting, claims, and core operations.
- Deep knowledge of ERM tools (RCSAs, KRIs, risk registers) and UK regulatory frameworks including Solvency II and PRA/FCA expectations.
- Proven capability across AI/ML, data governance, cyber, and cloud.
- Confident challenging IT and data science teams using frameworks like COBIT, NIST, and ISO 27001.
- Skilled at engaging senior stakeholders and executives, delivering clear challenge, and driving cross‑functional alignment on risk decisions.
- Relevant degree with desirable professional credentials (IRM, CISSP/CISM, CRISC).
- Strong awareness of data protection and emerging AI ethics standards.
Benefits
- Flexible working – 36.25 hours a week with flexitime & hybrid options
- Annual pay review – plus performance bonuses (up to 30% depending on level)
- Generous holidays – 25–27 days + bank holidays, with buy/sell options
- Pension perks – 7.5% employer contribution, rising to 9% with your input
- A culture where everyone belongs – we're committed to diversity, equity & inclusion, with real action, employee-led community groups, and ongoing learning to make Covéa a place where everyone can thrive
- Mental & financial support – through our dedicated Wellbeing group
- Career growth – training, qualifications & apprenticeships to help you thrive
- Health & wellbeing – private medical cover, 24/7 Virtual GP, health checks, flu jabs & more
- Drive in style – Tusker Car Scheme with fully maintained insured vehicles
- Extra savings – gym discounts, Cycle to Work, and retail offers via Perkpal
- And much more !
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