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Investment Manager - Risk

Req ID:
London; Birmingham; Glasgow; Leeds

We are Direct Line Group – home to some of the country's best-known brands including Direct Line, Churchill, Privilege, Greenflag, and NIG. Our vision is to create a world where insurance is personal, inclusive, and a force for good, and our purpose is to help people carry on with their lives- giving them peace of mind now and in the future. To help us deliver on this vision and purpose, we're transforming our systems, products, and services, and constantly innovating for the future - in the evolution to be a forward-thinking technology and data company. Servicing millions of customers each year, and employing over 10,000 employees, minimising risk for our customers and employees is so crucial to the success of DLG.

Aligned to the wider business transformation, our Risk and Compliance function has embarked on its own 2-year transformation journey with the aim to reposition and rebrand Risk through a re-energised vision and leadership team under our new Chief Risk Officer (CRO), as well as scaled up capabilities through investment in our people and in technology, while reviewing the framework, strategy, and overall risk appetite.

The role:

We have a fantastic opportunity to join DLG as an Risk Manager, focused on our Investments portfolio. As part of our Insurance and Financial Risk team, you'll be supporting the Head of Investment and Solvency Risk in leading the second line oversight of Investment, Credit and Liquidity Risk for DLG and monitoring development of the macroeconomic and geopolitical environment and assessing the financial impact on DLG.

This is a fantastic role to really hone in and further develop your leadership skills as you'll be relied on and delegated to, on behalf of our Head of Investment and Solvency Risk - eg supporting as required at our Investment Risk Forum. And to be successful, you'll have to work closely with our counterparts across the business (e.g. Finance, Actuarial, and Capital Modelling teams for example) and the broader Risk organisation to independently assess and oversee risk taking activities.

What you'll be doing:

  • Provide oversight and challenge of relevant risks at governance committees including Investment Risk Forum, Credit Risk Forum and Asset Liability Committee
  • Setting standards for managing investment, credit and liquidity risk, including risk appetite
  • Monitor and provide input to relevant investment strategies and projects; providing oversight, challenge, intervention and analysis as required
  • Provide insurance risk SME to the business and to other financial risk teams, including input into:  oversight of climate change risk management; stress & scenario testing; calibration of the internal capital model.
  • Prepare accurate, timely and relevant reports in line with Executive, Group and senior management requirements including Risk Management Committee and Board Risk Committee. Provide significant input into the ORSA to manage our risk exposure against our risk appetite
  • Ensure comprehensive documentation for work undertaken, in line with Technical Actuarial Standards

What we're looking for:

  • Understanding of global financial markets, products, and key liquidity risk drivers
  • Significant level of experience in investment/economic risk - first or second line experience

Hours: 35 hours (Monday - Friday)

Hybrid working: We have a hybrid model with a virtual-first approach which means you would primarily work from home. The team currently meet 1 day a week in the Bromley office, but we’re moving to London Bridge this August! As long as you live a commutable distance from one of our offices in Leeds, Birmingham, Bristol, London, or Glasgow and understand you might need to travel into London upto 1x a week, that's great. We'll support you as best as we can!

We recognise we wouldn't be where we are today without our colleagues, that's why we offer excellent benefits designed to suit your lifestyle:

  • Generous 9% employer pension. Regardless of whether you contribute into your pension or not, DLG pay 9% into your pension (but you can take this as cash if you want!)
  • Eligibility for annual performance bonus of upto 10%
  • Generous holidays, starting with 25 days per year and going up to 28 days (excluding the bank holidays). Plus, the option of buying or selling upto 5 days each year!
  • 50% off home, motor and pet insurance
  • Free travel insurance and Green Flag breakdown cover
  • Electric Vehicle car scheme which allows all colleagues to lease a brand new electric or plug-in hybrid car in a tax efficient way
  • Buy-as-you-earn share scheme
  • Employee discounts and cashback

Being yourself
Direct Line Group is an equal opportunity employer, and we think diversity of background and thinking is a big strength in our people. We're delighted to feature as one of the UK's Top 50 Inclusive Employers and are committed to making our business an inclusive place to work, where everyone can be themselves and succeed in their careers.

We know you're more than a CV, and the things that make you, you, are what bring potential to our business. We recognise and embrace people that work in different ways so if you need any adjustments to our recruitment process, please speak to the recruitment team who will be happy to support you.

#LI-Hybrid #LI-AC1


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