Chief Risk Officer, UK Life (Part-Time, Job-Share, Full-Time)

at  Zurich insurance

CLOSING DATE FOR APPLICATIONS: 24TH OCTOBER

At Zurich Insurance Group, we are more than just a leading multi-line insurer. We are a community of passionate professionals dedicated to making a meaningful impact on the world. With a rich history dating back to 1872, Zurich has grown to serve customers in over 210 countries and territories. We are committed to delivering innovative solutions that meet the evolving needs of our clients, be it individuals, small businesses, or large corporations. Our culture is built on a foundation of diversity, inclusion, and a relentless pursuit of excellence. We believe in empowering our employees to shape their careers through continuous learning and professional development. At Zurich, you’ll have the opportunity to work with some of the brightest minds in the industry, in an environment that fosters creativity, collaboration, and growth.
We are seeking a dynamic and strategic leader for the position of Chief Risk Officer (CRO) for our Life insurance business in the UK. This pivotal role supports the Life CEO and Board in facilitating the appropriate management of risks within ZAL and is responsible for the adoption of Group Risk Management processes and methodologies. This is a unique opportunity to make a significant impact within a leading global insurer. Risk management has never been more important, and you will play a crucial role within our global risk team. Reporting to the UK CRO with accountabilities to the Life CEO and the ZAL Board and forms part of the UK Life leadership team.
If you are ready to take on this role and lead the risk management function at ZAL, we invite you to apply and join our mission to build a brighter future.
At Zurich, we are committed to supporting every employee to progress in their careers and therefore encourage internal moves through a transparent posting and selection process. In the spirit of transparency, if you’re invited to interview, we also ask you to inform your current line manager about your application.

WHO WE ARE:

At Zurich we aspire to be one of the most responsible and impactful businesses in the world and the best global insurer. Together we’re creating a brighter future for our customers, our people and our planet. With over 55,000 employees in more than 170 countries, you’ll feel the support of being part of a strong and stable company who are a long-standing player in the insurance industry. We’ve made a promise to each other and every employee; to focus on sustainable impact, to care about each other’s wellbeing, to use our diverse expertise to be curious and optimistic and to develop the skills needed for our future.
If you’re interested in working in a dynamic and challenging environment for a company that recognises and rewards your creativity, initiatives and contributions - then Zurich could be just the place for you. Be part of something great.

WHAT WILL YOU BE DOING:

Design, develop and oversee the implementation of the risk strategy, appetite and policy that meet regulatory requirements.
Understand the commercial drivers of the business and have the capability to critically evaluate and challenge business strategies and plan delivery
Maintain appropriate risk framework and risk culture to meet the risk strategy, appetite and policy requirements of the ZAL Board, in alignment with UK and Zurich Risk Policy.
Oversee the performance of the ORSA (‘Own Risk and Solvency Assessment’) and review the appropriateness of the minimum capital requirement being held. Responsible for the design and validation of models used in support of the risk framework and the monitoring of capital, including internal models as defined by Solvency II.
Oversee implementation of and adherence to the risk strategy, appetite metrics, policy requirements and processes set by the ZAL Board including prudential risk elements.
Undertake risk assessments of, and provide risk opinions on, operational and strategic plans, and material changes to ZAL’s risk profile including risk oversight of ZAL’s outsourced activities.
Oversee the design and operational effectiveness of ZAL’s risk systems and controls so as to maintain a strong internal control environment
Lead ZAL engagement with the Prudential Regulation Authority (PRA) alongside the UK CRO
Provide oversight to operational resilience planning activities, ensuring that it is supported by appropriate and proportionate systems, resources and procedures from a risk perspective.