Risk Manager - Claims
Company: Tony Martin / Tony Massenhove Job Ref: 1191/TM Start Date: ASAP Hours: Full Time Location: London, England Working Term: Permanent Position Salary: £35,000 to £45,000
Description:Risk Manager - Claims
Job Market - Insurance
Risk Manager - Claims - About the role
To provide an independent assessment of the risks presented to the company arising out of its claims handling operations
You will work with the Risk Officer to identify and evaluate risks arising out of the day to day handling of claims which affect the finances, operations or reputation of the company and to make appropriate recommendations for the elimination control or transfer of those risks
Undertake periodic audits of the company’s own and outsourced claims functions to ensure they are following the prescribed processes, working within the agreed risk appetite and that the risk controls are working effectively. Ensuring relevant events are reported to the Risk Officer and are recorded in the events log, root cause analysis is carried out and a solution appropriate to the magnitude of the event is implemented
You will also assist the Quality Control Manager with file audits as and when required
Risk Manager - Claims - Key requirements
At least 5 years working in a claims environment preferably with some auditing or quality assurance responsibility.
A good understanding of how to identify risks and the methodologies used to assess their impact on the business.
Knowledge of the regulatory and compliance legislation which governs the conduct of insurance business
An understanding of the three lines of defence model as part of Solvency II
ACII or other relevant professional qualification preferred