Senior Risk Manager

Reposted 4 Days Ago
Be an Early Applicant
2 Locations
In-Office or Remote
Senior level
Insurance
The Role
The Senior Risk Manager will lead oversight on financial and non-financial risks, focusing on AI, data ethics, cybersecurity, and regulatory compliance.
Summary Generated by Built In

We have an exciting opportunity to join us here at Covéa Insurance as a Senior Risk Manager, within Technical & Digital Risk

At Covéa Insurance, we’re all about protecting what matters most - whether it’s your home, your car, or your business. With our award-winning customer service and a wide range of insurance products, we’re here to make a real difference. 

Step into a high‑impact senior risk role at the heart of Covéa’s tech, digital, and AI agenda. As a key second‑line leader. reporting to the Head of Risk, you’ll shape oversight across financial and non‑financial risks, with a sharp focus on emerging technology exposures. You’ll own risk leadership for AI initiatives, data ethics, cybersecurity, and cloud platforms - driving strong governance and ensuring alignment with UK regulatory expectations (PRA/FCA) and ISO standards.

This is a hybrid position, combining the best of both worlds - working from home and spending 1-2 times a month in our Halifax office. 

This is more than just a job - it’s a chance to grow, develop, and be part of something great. 

  

What does a day-to-day look like? 

  • Risk Framework & Culture: Drive a strong risk culture and embed an effective risk framework across the business. Deliver confident second‑line challenge on digital initiatives and ensure clear ownership of controls and issues.
  • Risk Identification & Assessment: Lead end‑to‑end risk assessment, including RCSAs and deep‑dives into major tech and change risks. Test control effectiveness, analyse root causes, and keep exposures within appetite.
  • AI, Data & Model Risk Governance: Set the governance agenda for AI and machine learning. Define and enforce standards on AI ethics, data privacy, and algorithmic accountability, while overseeing model validation and monitoring to support safe, responsible innovation.
  • Cybersecurity & Cloud Oversight: Provide sharp oversight of cybersecurity, IT infrastructure, and cloud risks. Partner with IT and Security to ensure strong controls aligned to ISO/IEC 27001 and NIST, track emerging threats, and drive timely mitigation.
  • Regulatory Compliance & Reporting: Ensure alignment with PRA/FCA expectations and industry standards. Produce high‑quality risk reporting (including ORSA), manage regulatory interactions, and stay ahead of evolving guidance on AI, data, and model risk.
  • Stakeholder Engagement: Act as a trusted advisor to senior leaders. Deliver clear, authoritative challenge, translate complex tech risks into business‑ready insights, and influence decisions up to Board level to keep the firm within appetite.

What will help you stand out? 

  • Strong second‑line risk background in UK general insurance, with solid understanding of underwriting, claims, and core operations.
  • Deep knowledge of ERM tools (RCSAs, KRIs, risk registers) and UK regulatory frameworks including Solvency II and PRA/FCA expectations.
  • Proven capability across technical risk, AI/ML, data governance, cyber, and cloud. Confident challenging IT and data science teams using frameworks like COBIT, NIST, and ISO 27001.
  • Skilled at engaging senior stakeholders and executives, delivering clear challenge, and driving cross‑functional alignment on risk decisions.
  • Relevant degree with desirable professional credentials (IRM, CISSP/CISM, CRISC).
  • Strong awareness of data protection and emerging AI ethics standards.
Not sure if you tick every box? That’s okay! 
At Covéa, we know that great people don’t always meet every single requirement listed in a job ad. If this role excites you and you think you could be a good fit, we’d love to hear from you - so go ahead and apply! We’re all about building a diverse, inclusive team where everyone can thrive. 

  

The perks of joining us… 

  • Flexible working – 36.25 hours a week with flexitime & hybrid options
  • Annual pay review – plus performance bonuses (up to 30% depending on level) 
  • Generous holidays – 25–27 days + bank holidays, with buy/sell options 
  • Pension perks – 7.5% employer contribution, rising to 9% with your input 
  • A culture where everyone belongs – we're committed to diversity, equity & inclusion, with real action, employee-led community groups, and ongoing learning to make Covéa a place where everyone can thrive 
  • Mental & financial support – through our dedicated Wellbeing group 
  • Career growth – training, qualifications & apprenticeships to help you thrive
  • Health & wellbeing – private medical cover, 24/7 Virtual GP, health checks, flu jabs & more 
  • Drive in style – Tusker Car Scheme with fully maintained insured vehicles 
  • Extra savings – gym discounts, Cycle to Work, and retail offers via Perkpal 
  • And much more

  

Excited about this opportunity? So are we! 
Apply today and be part of our journey.  

  

    As a Disability Confident Employer, we’re committed to fair and accessible recruitment. If you need any adjustments,  support or alternative application options during the Recruitment process, then please reach out to Megan Barraclough or one of our Team at [email protected]. Applicants must currently reside in the United Kingdom and possess full and unrestricted right to work in the UK. Unfortunately, we are unable to offer Visa sponsorship for this role. 

Salary:

Up to £87,000 (Dependent on Experience)

Working hours:

36.25

Top Skills

AI
Cloud Platforms
Cobit
Cybersecurity
Data Governance
Erm Tools
Iso 27001
Machine Learning
Nist
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The Company
Halifax
1,064 Employees
Year Founded: 2012

What We Do

Covéa Insurance Plc is the UK underwriting business of leading French mutual insurance group Covéa (which includes the global reinsurer PartnerRe since July 2022).

Covéa Insurance looks after the insurance needs of UK customers, across a range of product lines; delivering financial reassurance through its Standard & Poor’s ‘AA- stable’ rating, as a guaranteed subsidiary of Covéa.

Covéa Insurance has a strong people and service ethos and holds ServiceMark accreditation with Distinction for its Personal Lines operation and its Commercial & HNW Claims teams, as well as Chartered Insurer status for its Commercial business. Covéa Insurance is signatory to the HM Treasury Women in Finance Charter and the insurance Inclusivity Pledge and has been named one of the top 75 employers in West Yorkshire & the Humber. In 2022 Covéa Insurance was named Insurer of the Year at the British Claims Awards and Personal Lines Insurer of the Year at the Insurance Times Awards

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