ERM Business Partner
Vitality
London
2d ago

Overall Job Purpose

To support the UK Group Chief Risk Officer and Head of Operational Risk in the delivery of the Enterprise Risk Management Framework and promotion of a positive risk culture.

To partner and work with the business promoting and embedding best practice in managing risk and the impacts on the business.

Provide 2nd Line of Defence’ activity and administration of the various risk reporting processes across Vitality’s UK businesses (Life, Health, Invest & Car).

Independently assess the systems and controls in place to manage the risk profile. Facilitate the improvement of controls and the risk profile.

Focus on the delivery of clear, concise, complete and timely risk reporting, on a day to day basis and for scheduled risk and governance committees.

Accountabilities

The role will be expected to work with and manage stakeholders in the 1st Line of Defence’ across a variety of teams across the business at all levels including Senior Management and Risk Champions’ as well as promoting good risk management practices across the more junior levels of the organisation.

Is a member of UK Group Risk Function, and the ERM Business Partner role is supporting the Group Head of Operational Risk in the implementation of the ERM Framework with a focus on operational and regulatory risks while supporting elements of the strategic and business risk.

ERM Framework, Risk Reporting and Monitoring

  • Support implementation and ongoing improvement of the ERM Framework. Promote and embed best practice in managing risk, and the impact that this will have on business activity and processes.
  • Work closely with the other Business Partners to provide a holistic view of risks across the taxonomy

  • Direct the 1st Line’ business management in the maintaining risk registers and capturing the systems and controls in place to manage risk, including facilitation of risk and control workshops.
  • Independently assess and challenge these and work with the business to improve them.

  • Support the business in identifying emerging risks and any actions required to mitigate these.
  • Support the monitoring and reporting of risk appetites for Vitality, through the development and maintenance of Key Risk Indicators.
  • Deliver clear, concise, complete and timely risk reporting, on a day to day basis and for scheduled risk and governance committees.
  • Monitor risk appetites, and develop and maintain Key Risk Indicators.

  • Work closely with the business on live incident management issues and full root cause reviews where required.
  • Provide 2nd Line’ oversight of strategic change programmes where required.
  • Assurance

  • Provide 2nd Line’ support / challenge / assurance to the relevant areas of business or functional areas of responsibility.
  • These may take the form of general controls review and testing, or deep dives’ of a more technical nature.
  • General Risk Processes

  • Management and administration of the Governance Risk and Compliance (GRC) System and content ensuring that it delivers quality risk management information and action plan management.
  • Lead / enforce the Incident Management process ensuring incidents are triaged, assessed, escalated and actioned to conclusion on a consistent basis.
  • Management of company policy framework, ensuring that all policies are reviewed and attested to on an (at least) annual basis
  • Projects

    May lead projects or project steps within a broader project or have accountability for ongoing activities or objectives

    Essential

  • Governance, risk and / or audit management experience in financial services, preferably insurance or investment business
  • Experience of working with front line business units in implementing and enhancing risk management frameworks through risk and control workshops
  • Experience of auditing and / or risk and control assurance work
  • Able to work independently, with minimal guidance
  • Desirable

  • Experience in presenting basic risk management training in to the 1st Line’
  • Experience of process and control review or assurance work in a financial services or insurance environment
  • Educated to degree level or equivalent, possibly professional qualifications and a proven track record of risk management work experience.
  • Practical experience or knowledge of the aspects of the Solvency II framework relevant to the role (e.g. governance or financial aspects)
  • About Us

    Vitality is an award-winning, dynamic and vibrant financial services provider, with a ground-breaking vision for the future, where individuals are enabled to succeed and are rewarded and recognised for their contribution to our business.

    We’re the UK insurer and investment provider that rewards people for positive lifestyle choices a key element of our Shared-value model.

    With 1.4m UK members and more than 25m globally, we’re out to make the world a healthier, happier place. This applies as much to our people as it does to our members.

    Working for Vitality, you'll experience an exciting mix of creativity and innovation, within a framework of challenging objectives and a passion for delivering the best.

    We think work should be fun and sociable, and we want our people to get the most out of every day. Our people are chosen for their skills, knowledge, enthusiasm and attitude but above all, their belief that anything can be achieved.

    Wherever possible, we will consider a variety of working options to suit your lifestyle, whether that be working from home, flexible working and part or full time employment.

    It’s what we call offering shared values, because a healthy happy team is good for us, good for our members and good for you.

    Please note that to ensure the safety of our offices and employees, we require all new hires to be vaccinated for Covid-19.

    If your doctor has told you not to be vaccinated, please let us know during the application process so that an accommodation can be made.

    If you believe you may be exempt under other grounds (non-medical) please submit your reasons to us and we will review them.

    You can find more information about our commitment to ensuring office safety to reduce the risk of Covid-19 transmission .

    If you have any questions, please contact : .

    Working for Vitality, you'll experience an exciting mix of creativity and innovation, within a framework of challenging objectives and a passion for delivering the best.

    We think work should be fun and sociable, and we want our people to get the most out of every day. Our people are chosen for their skills, knowledge, enthusiasm and attitude but above all, their belief that anything can be achieved.

    Wherever possible, we will consider a variety of working options to suit your lifestyle, whether that be working from home, flexible working and part or full time employment.

    It’s what we call offering shared values, because a healthy happy team is good for us, good for our members and good for you.

    Our Perks

    As well as a highly competitive pay package, you’ll enjoy : Free places to Vitality sponsored run events, online fitness classes and wellbeing workshops, competitions to win tickets to top-flight sporting events, health checks and access to our full range of partners and rewards.

    Flexible Working

    Vitality Health Insurance

    Bonus Scheme

    Health & Wellbeing Incentives

    Training & Development Opportunities

    Reward & Recognition Schemes

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