Risk Assurance Officer

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Job Details

Contact Info

Contact Person: Tony Martin Email: tmartin@massenhove.co.uk Telephone: 01621 786 220
Job Title: Risk Assurance Officer

Job Description

Job Purpose:

Fantastic opportunity for a Risk Assurance Officer to join my Insurance client’s growing team, assisting the Corporate Governance division with the day-to-day performance of the Risk and Audit function.

Core Responsibilities:

Design and maintain suitable Risk Assessment procedures to identify, mitigate and control all areas of risk throughout the Company

Be responsible for the production of Annual Risk Assessment and Audit Plans for review initially by the Compliance Officer and then the FCIM Board

Implement the approved risk management strategy, encompassing risks relating to the Company itself, or those resulting from services provided to third parties through Third Party Agreements and/or other contracts for which the Company is responsible

Ensure that Risk management and Audit work undertaken is both separate from, and independent of, those primarily responsible for core functions and the management of the business

Be responsible for the establishment and maintenance of the Company’s Risk Register and to ensure that appropriate Risk mitigation programmes are in place for all risks identified on the register

Ensure that regular internal audits are undertaken, along with a review of any material outsource providers at least once a year and to provide a written report to the Group Audit Committee (‘GAC’) and the Board

Monitor the implementation of all agreed recommendations given by the Board and GAC

Facilitate and regularly test the Company’s Disaster Recovery and Business Continuity Plans

Liaise with the external auditors and the GAC as required and assist the Corporate Services Division in the review work of the external auditors

In conjunction with the Head of Corporate Governance, to assess the effectiveness of the compliance function and make recommendations to the Board and/or GAC, as appropriate

Attend the Board and GAC when required

Job Specific Competencies:

Experience

Solid experience of conducting internal company audits

Excellent experience of working in a similar role in the general insurance industry

Solid understanding of FSA rules, regulations, principles and codes of practice

Up-to-date knowledge of trends in the insurance industry relevant to Risk management and Audit

Requirements

Solid understanding of Risk Management techniques

Details

Job Ref: MASS 986 Hours: Full Time Location: Sussex Working Term: Permanent Position Salary: £40,000

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