Financial & Insurance Risk Trainee

Job Type: Permanent

Location: Isle of Man

Purpose of the Role

We are committed to developing talent within our group, and as the Financial & Insurance Risk Trainee you will have specific responsibility for learning how to oversee and challenge: [1] capital management, credit, market and liquidity risk management, where you will also consider the methodology and the models being used; and [2] supporting with the preparation of the Group Own Risk and Solvency Assessment (ORSA), in close collaboration with Finance and Actuarial. 

The role will also include rotational secondments to other departments such as Group Internal Audit, Finance, the Corporate Office and Actuarial.

This is a key role where you will be working with stakeholders at all levels of seniority and providing insights, advice and constructive challenge; and is complemented by the requirements that will be set out in your ICAEW training contract.

Key Contribution areas

Risk
• Support with ensuring the Group operates within an appropriate and agreed risk management framework.
• Support with writing accurate, clear and concise reports, including the ORSA (see below).
• Work closely with Line 1, particularly Finance and Actuarial.
• Support with the annual review process for Risk Policies with the relevant stakeholders.
• Ensuring risk management framework remains fit for purpose and is sufficiently and proportionately embedded across the Group.

ORSA
• Supporting the operation of the governance framework to determine and manage our capital needs.
• Support with drafting the annual ORSA Report.
• Working closely with Corporate Office to ensure strategic priorities are informed by both capital needs and risk profile / assessments.

Team and Culture
• Take personal responsibility for passing exams and meeting the requirements set out in your training contract.
• Take personal responsibility for agreeing clear objectives that reflect and support the delivery of the business plan.
• Take personal responsibility for the identification and implementation of a personal development plan of training needs
• Proactively monitor and manage own performance through regular reviews / appraisals with Line Manager.
• Personally support the Group Risk Director and line manager to implement the Risk Target Operating Model.
• Flexibility and support other members of the team as required – lives and breathes, believes in and supports team culture, displays behaviours and values.
• Demonstrate an understanding of the company’s core values.
• Demonstrate a full understanding of the fair treatment of customers and be risk aware. 
Experience required for this role
• Part qualified ACA Chartered Accountant, who wishes to complete their qualification by gaining practical experience in Financial Services.  Prior experience of the insurance industry would be an advantage.

Personal Capabilities Required, e.g. qualifications, skills, experience, attitude, strengths
• Learner, enjoys new challenges, embraces change, flexible support to the wider team and business.
• Reliable, delivers on commitments and upholds standards and principles.
• A self-starter with an enquiring and investigative mind with a desire to want to understand the processes, controls and implications of process and control failures on the business.
• Able to build good working relationships with all levels of the business.
• Good organisational and planning skills including taking responsibility for managing workloads and meeting deadlines.
• Must be able to work as part of a team.
• Good oral, written and interpersonal communication skills, combined with a logical approach and high attention to detail.  Ability to convey information in a clear, structured and understandable manner.
• Good numerical skills with an ability to analyse large amounts of complex financial and risk data and present in a clear and concise format. 
• Excellent working knowledge of Microsoft software including: Excel, Word, and PowerPoint.
• Demonstrates a ‘can do’ approach, enthusiasm and initiative.
• Flexibility in approach to work, adapting to changing demands and conditions and where required, displaying appropriate discretion and confidentiality.

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