As Head of Risk & Compliance, you will lead the enterprise risk management and compliance frameworks, ensuring the business operates within risk appetite and meets all PRA and FCA requirements. Operating as a true second-line function, you will balance regulatory rigour with commercial pragmatism and act as a trusted advisor to senior stakeholders.
You will have responsibility across risk, compliance, governance and regulatory engagement, with a remit spanning underwriting, finance, claims, operations, IT, outsourcing and reinsurance.
Enterprise Risk Management
- Own and maintain the enterprise risk management framework and risk appetite, including KRIs and tolerances
- Lead risk identification, assessment and reporting across the business
- Produce clear, high-quality risk reporting for the Executive, Board and Committees, including emerging risks
- Oversee the ORSA process, coordinating inputs and ensuring robust challenge and regulatory-compliant outputs
- Provide independent challenge to underwriting strategy, new products, reinsurance and material change initiatives
- Support stress and scenario testing and capital risk assessment alongside Finance and Actuarial teams
Compliance & Regulatory Affairs
- Design and oversee a proportionate compliance monitoring programme
- Act as the primary point of contact for the PRA and FCA, including submissions, notifications and supervisory engagement
- Advise on regulatory change and support implementation across the business
- Oversee policies, procedures, breaches, incidents and remediation activity
- Provide oversight of Consumer Duty, including outcomes testing and Board reporting
Governance & Assurance
- Deliver concise, decision-focused reporting to the Board and Committees
- Support reviews of governance effectiveness and the control environment
- Coordinate with Internal Audit and oversee responses to findings
- Support regulatory attestations and senior management sign-off
Leadership & Culture
- Lead and develop the Risk & Compliance function, ensuring appropriate capability and resourcing
- Promote a strong risk culture and accountability across the business
- Act as an independent, credible and pragmatic advisor to senior leaders
YOU?
- Significant senior experience in risk and/or compliance within UK general insurance
- Strong working knowledge of PRA and FCA regulation, Solvency and governance requirements
- Proven experience engaging with Boards, Committees and regulators
- Ability to balance commercial objectives with regulatory expectations
- Strong analytical and problem-solving capability
- Clear, confident communicator able to influence at senior level
- Able to translate complex regulatory and risk concepts into practical business advice
- Highly organised, with the ability to manage multiple priorities
- Pragmatic, solutions-focused and commercially aware
Qualifications
- Professional risk or insurance qualifications (e.g. IRM, CII) are advantageous
- Degree in a relevant discipline preferred