Head of Insurance Risk (12-Month FTC)

DLG is evolving. Across every facet of our business, our teams are embracing new opportunities and putting customers at the heart of everything they do. By joining them, you’ll have the opportunity to not just be recognised for your skills but encouraged to build upon them and empowered to do your absolute best.

We’re looking for an experienced Head of Insurance Risk (FTC) to lead our second-line oversight of actuarial reserves, pricing, and claims forecasting. This is a critical leadership role where you’ll provide strategic challenge, governance, and insight to help shape risk management across the business.

Supporting our Director of Financial Risk, you’ll be a key figure in our Financial & Insurance Risk team.  You’ll play an integral part in ensuring we manage insurance risk effectively, stay ahead of regulatory developments, and embed risk awareness throughout the organisation.

Our hybrid model offers a 'best of both worlds' approach. When you'll be in the office depends on your role and team, but colleagues spend at least 2 days a week in the office, and this role is based in London.

This role is being offered on a 12-Month Fixed Term basis.

What You’ll Be Doing

As Head of Insurance Risk, you’ll be responsible for:

• Leading second-line oversight of actuarial reserves, pricing, and claims forecasts, ensuring robust risk management and challenge.
• Overseeing financial plan forecasts, providing challenge on key assumptions and business strategies.
• Reviewing and enhancing risk policies, frameworks, and key risk indicators (KRIs) for insurance risk.
• Producing independent risk opinions on actuarial reserve projections and presenting findings at governance committees.
• Developing and implementing a risk review programme, proactively identifying and investigating high-risk areas.
• Providing subject matter expertise on insurance risk across climate risk, stress testing, and capital modelling.
• Contributing to key regulatory reports, including the Own Risk & Solvency Assessment (ORSA).
• Managing a small team (2 FTEs), providing coaching and leadership to drive excellence.
• Developing strong relationships with senior stakeholders, ensuring risk management is embedded in decision-making.
• Supporting and deputising for the Director of Financial Risk at key governance forums.

What We’re Looking For

We need a strategic and analytical leader with deep expertise in insurance risk. You should have:

• Qualified Actuary status (FIA or equivalent).
• Extensive experience in reserving and financial planning oversight, ideally in a general insurance setting.
• A strong understanding of risk frameworks, regulatory requirements, and financial modelling.
• Leadership experience, with the ability to develop and manage a high-performing team.
• Excellent communication skills, with the ability to challenge and influence at senior levels.

Ways of Working

Our hybrid model way of working offers a 'best of both worlds' approach combining the best parts of home and office-working, offering flexibility for everyone. You will be in the office 2 days per week, and based in our London Riverbank House office.

Read our flexible working approach here

Benefits

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:

• 9% employer contributed pension
• 50% off home, motor and pet insurance plus free travel insurance and Green Flag breakdown cover
• Annual bonus of up to 20%
• EV car scheme allows all colleagues to lease a brand new electric or plug-in hybrid car in a tax efficient way.
• 30 days annual leave
• Buy as you earn share scheme
• Employee discounts and cashback
• Plus many more

We want everyone to get the most out of their time at DLG. Which is why we’ve looked beyond the financial rewards and created an offer that takes your whole life into account. Supporting our people to work at their best – whatever that looks like — and offering real choice, flexibility, and a greater work-life balance that means our people have time to focus on the things that matter most to them. Our benefits are about more than just the money you earn. They’re about recognising who you are and the life you live.

Being yourself

Direct Line Group is an equal opportunity employer, and we think diversity of 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.

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