Financial Risk Manager – Life Insurance / Pensions
Location: Buckinghamshire
Salary: £70,000-£80,000
Type: Permanent | Full-Time

Do you have a strong background in financial and investment risk within the life insurance or pensions sector?
A leading financial services organisation is seeking a Financial Risk Manager to join its growing second-line risk team. This is a high-profile role offering the opportunity to contribute to strategic initiatives including Bulk Purchase Annuity transactions and acquisition activity, with direct engagement across senior leadership.
Key Responsibilities
  • Provide independent second-line review and challenge of financial risk elements in strategic and commercial proposals.
  • Support the design, monitoring, and reporting of the organisation’s financial risk appetite and stress/scenario testing within the ORSA framework.
  • Produce and develop Board and committee-level risk reporting and MI.
  • Lead deep dives and assurance reviews focused on credit and investment risks, including Matching Adjustment oversight.
  • Collaborate with first-line teams to ensure effective financial risk identification, monitoring, and management.
  • Review methodologies used in asset rating, actuarial modelling, and investment analytics.
  • Support the ongoing enhancement of the Enterprise Risk Management Framework and contribute to regulatory submissions.
Ideal Candidate Profile
  • Strong experience in financial risk management within the life insurance, pensions, or investment management sectors.
  • In-depth understanding of credit risk, investment frameworks, and regulatory requirements (PRA, FCA).
  • Familiarity with concepts such as Matching Adjustment, illiquid assets, and Solvency II.
  • Experience in a second-line risk, actuarial, or financial oversight capacity (or a strong first-line background with a risk mindset).
  • Excellent written and verbal communication skills, with the ability to influence and challenge stakeholders constructively.
Core Competencies
  • Analytical and solutions-focused
  • Clear communicator with strong interpersonal skills
  • Proactive and well-organised, with strong attention to detail
  • Capable of working independently and prioritising tasks effectively
Why Apply?
  • Join a respected and forward-thinking organisation with a collaborative culture.
  • Play a critical role in shaping risk management strategy and governance.
  • Great opportunity for career development and exposure to high-impact financial decisions.