Chief Risk Officer

ARAG UK is looking to bring on board a driven and proficient Chief Risk Officer to hold responsibility for providing second line of defence assurance to the group for all risk management related topics. 

Reporting directly to the Chief Financial Officer, this role is instrumental in ensuring a risk management system, as well as a governance and control culture are adhered to in the group in order to manage all risks within the framework of the risk appetite defined by the Management Board. The successful candidate will hold responsibility for the Internal Control System, including risk and control assessment and reporting across all in-scope processes, carried out primarily in accordance with the UK regulators as well as the requirements of the ARAG Group. 

• Reporting to the firm’s governing body on the firm’s risk exposures relative to its risk appetite and tolerance
• Assessing the extent to which the risks of the business strategy and plans are consistent with the risk appetite of the management body
• Informing the management body of the company if the business strategies or plans exceed the company's risk appetite and tolerance
• Providing risk-focused advice and information into the setting and individual application of the firm’s remuneration police
• Ensuring that the data used by the firm to assess its risks are fit for purpose in terms of quality, quantity and breadth
• Providing oversight and challenge of the firm’s systems and controls in respect of risk management
• Providing oversight and validation of the firm’s internal and external reporting of risk and controls
• Ensuring the adequacy of risk information, risk analysis and risk training provided to members of the firm’s governing body

We’d like to hear from applicants with detailed knowledge of the PRA, FCA, EIOPA and associated regulators’ approach to Risk, as well as Solvency II and its implementation in the UK and best practice risk approaches. You'll have the ability to express independent thought in a constructive way, and work constructively with Group Risk management, Internal audit, Compliance, Underwriting, Actuarial and Finance. 

• Ability to analyse data and justify conclusions.
• Able to act as a partner on a consultancy basis.
• Dip IRM (Institute of Risk Management) or equivalent level of education / industry experience
• Previous line management experience
• Experience coaching and developing of a high performing team and delivering training
• Maintaining documentation appropriate to the task in hand

As a team we are passionate and enthusiastic about what we do. Our people are encouraged to think independently and to take ownership of their work. In return for your commitment we will offer you generous remuneration and an attractive benefits package which will include:

• 28 days holiday with the option to buy up to a further 5 days
• Company pension scheme with the option to increase contributions
• Inclusion in a private medical scheme (single cover)
• Car Allowance
• Group Income Protection for all employees
• Group Legal Protection for all employees
• A choice of either European Motor Assistance or Home Emergency Assistance
• Salary sacrifice benefits including Cycle scheme 
• Access to a health assessment once every 2 years
• Access to our employee discounts hub offering exclusive discounts across thousands of retail partners, including discounted gym memberships at over 3,000 gyms across the UK

If you think you would be a good match for this role and can demonstrate some transferable experience please apply, regardless of whether you meet all the criteria listed above.

ARAG UK has been helping businesses and individuals gain access to justice for over 40 years. It’s our founding principle to enable everybody, not just those who can afford it, to assert their legal rights.

Thousands of businesses and individuals defend or pursue legal action each year safe in the knowledge that ARAG are paying their legal bills. Our businesses include a legal expenses insurance company and a law firm with many opportunities in both areas.

We have always been aware that it’s the people that really make it happen; the quality of our people defines the quality of the company, the service we offer and the good outcomes for our customers, so we’re committed to creating a great place to work for our employees.

We believe it is an exciting time to join ARAG. You can expect an organisation that will challenge and develop you to progress your career.  

By giving you every opportunity to develop yourself professionally and personally, we also pride ourselves on having an open, inclusive and high energy culture that encourages a fun working environment and places our customers at the very heart of everything we do.

If you are keen to become part of our exciting future then we would love to hear from you. In addition to the very genuine development opportunities we provide we also offer a generous reward and benefits package.