Working hours: 35 hours per week, Monday to Friday
Duration: Permanent
Location: Gloucester
Job Ref: 204038
About the role
Benefact Group are looking for a Group Risk Manager to join our Gloucester office.
We have a team of four Group Risk Managers who collectively contribute to the effectiveness of the second-line of defence for both Benefact Group plc and Ecclesiastical Insurance Office plc. Working with colleagues in Actuarial Risk, the role will get involved in providing insight, advice, assurance and challenge across Risk Management, Internal Controls and PRA Compliance.
This is a permanent role with hybrid working (expectation of two days per week in the office). Full-Time, Part-time [& job-share] working arrangements could be available with very limited travel required.
Why join us?
Join a collaborative and inclusive culture that’s committed to making a difference and building a more sustainable future. Ranked amongst the UK’s top 50 Best Large Companies to Work For in 2024, we offer fantastic career and development opportunities within a rapidly growing, innovative Group—where all profits go to charity and good causes.
What you’ll be doing
Responsible for technical development and maintenance of specific elements of the Group’s Risk Management Framework (e.g. Risk Appetite approach)
Responsible for acting as a business partner to specific Group Functions, Business Units & Major Changes across the Benefact Group (e.g. Group CFO Area)
Responsible for producing reporting and opinion papers for a Board and Senior Management audience as required (e.g. CRO Risk Report to Board)
Lead delivery of risk processes (both regular and ad hoc) to contribute to the delivery of the Risk Function mandate and/or ensure legal and regulatory compliance (e.g. ORSA Process, Annual Controls Assessment, Risk Refreshes)
Undertake research to understand emerging risk topics and themes to ensure appropriateness of the risk management practices of the Group (e.g. Impacts of Climate Change)
What you’ll need to have
Experience in Insurance or Financial Services Groups, especially in Risk & Controls, Operational Risk or Enterprise Risk roles
Solid risk management knowledge including expectations of regulators and a range of industry practices
Experience of writing effective Papers and Reports for use with Boards, Regulators and external audiences
Well practiced and structured approach to stakeholder management and building effective relationships
Demonstrable ability to lead projects and other programmes of work to a successful conclusion with proportionate governance and rigour
What makes you stand out
Relevant Risk Management qualifications (e.g. Cert or Dip IRM)
Working knowledge of PRA Rulebook and FCA SYSC expectations of insurers
Good level of intellectual capability with demonstrable curiosity and a desire to get to the core of an issue
Flexible mindset to find new ways to achieve good outcomes
What we offer
A competitive salary - let’s discuss it
Hybrid working
Group Personal Pension - up to 12% employer contribution
Generous annual bonus scheme between 7.50% and 30%
28 days annual leave plus bank holidays, and a holiday buy and sell scheme
An array of health and wellbeing benefits, including private healthcare, income protection and life assurance
£200 annual personal grant to a charity of your choice
Encouraged to take at least one volunteering day per year
Employee Assistance Programme
Full study support to gain professional qualifications
Access to virtual GP
Enhanced maternity and paternity pay
Hear from the hiring manager
“We are a small team that creates, grows and delivers together very effectively. As part of this, everyone has the opportunity to make a difference and feels a sense of ownership for the contribution they can make to being an effective second-line function. It is also important to me that everyone feels part of a team that is valued by the wider organisation for the impact it makes on the Group’s ability to positively impact more lives.”
About us
Benefact Group is a unique international financial services Group made up of over 30 businesses. We are owned by a charity and have been the 3rd largest UK corporate donor over a decade*, having given away £250 million since 2014. We have ambitious plans to become the UK’s number one corporate donor, with strategic objectives in place to double the Group’s size.
We believe it’s essential to attract, empower, grow and reward talented people, offering fantastic opportunities for career and personal development. Our giving ethos, 135-year history and the diversity of what we do, has enabled us to build a culture of kindness, great ambition, and of passionate people driven to do better and be better.
At Benefact Group, we are committed to creating an inclusive culture and building an environment where each and every one of us feels valued and respected. We are a community made up of people with a range of different backgrounds, abilities, perspectives, beliefs and interests and we value the strength this brings to us as a Group. We welcome applications from everyone.

IF YOU NEED ANY ADDITIONAL SUPPORT DURING THE RECRUITMENT PROCESS, THEN PLEASE LET US KNOW.

• Directory of Social Change’s UK Guides to Company Giving 2017-26

Please refer the Job description for details