Do you have experience of providing enterprise and operational risk management expertise, on an insurance sector project focused on enhancing Enterprise Risk Management (ERM) frameworks and climate risk assessment?
This consulting opportunity is to support our client, a leading insurance organisation, in the ongoing operation and enhancement of its ERM Framework, with particular emphasis on climate risk, risk taxonomy, governance reporting and regulatory compliance.
The project needs a consultant who has:
- strong experience in enterprise or operational risk management within insurance or financial services
- knowledge of risk management frameworks, risk assessment methodologies and governance principles
- excellent analytical skills and the ability to produce concise, high-quality management information
- strong stakeholder engagement and communication skills, with excellent attention to detail
Key services:
The key services that you will be asked to provide are:
- produce an updated Climate Risk Materiality Assessment, including the development of a Climate Risk Taxonomy, assessment methodology and reporting against materiality thresholds in line with SS5/25
- support enhancements to the ERM Framework, including risk taxonomy, risk appetite and risk policies relating to People and Legal risk
- maintain risk registers, risk data and associated management information, ensuring accurate monitoring, reporting and action tracking
- support production of the Annual Own Risk and Solvency Assessment (ORSA) report, regulatory disclosures and other risk management activities
- deliver regular horizon-scanning updates and thematic risk analysis covering climate change, geopolitical, emerging and people risks
- prepare risk reporting for senior management, Board committees and relevant governance forums
Mandatory Requirements:
Successful consultants will be able to demonstrate:
- experience in enterprise or operational risk management within insurance or financial services
- sound understanding of risk management frameworks, governance principles and risk assessment processes
- experience maintaining risk registers and producing risk management information
- strong analytical, problem-solving and reporting capabilities
- excellent written and verbal communication skills
- proficiency in Microsoft Excel, PowerPoint and Word
- ability to manage multiple priorities while maintaining accuracy and attention to detail
Optional Requirements:
It will also be advantageous if you have:
- experience within the Lloyd's and London Market insurance environment
- familiarity with Solvency II, ORSA, PRA and FCA regulatory expectations
- knowledge of climate-related risk management, including scenario analysis and climate risk reporting
- experience supporting Board and committee reporting, risk appetite frameworks, KRIs and control assessments
- experience with Power BI or specialist risk management systems
- an IRM, CII or ICA qualification, or progress towards a relevant professional qualification
Working Pattern: Hybrid - 2 days onsite in London Office
Contract Type: Inside IR35
Start: ASAP
Duration: 6 months +