Average Risk Manager salary in the UK

Company Overview:Join a leading insurance broking firm with a strong presence across specialty, commercial, and corporate insurance sectors. With a focus on innovation and client service, our client is committed to maintaining robust risk management practices to support business growth and resilience. This is an exciting opportunity to business partner with key stakeholders and make a real impact on the firm's risk framework. About the Role:We are seeking an Risk Manager to take ownership of the firm's risk management framework, working closely with business leaders across different broking divisions. This role is ideal for someone who thrives in a fast-paced, autonomous environment and enjoys building strong relationships with key stakeholders. The firm is open to Senior Risk Analysts who are ready to take the next step in their career. Key Responsibilities: Act as a business partner across the insurance broking divisions (specialty, commercial, corporate) to embed a strong risk culture.Own and enhance the Operational Risk Framework, ensuring effective risk identification, assessment, and mitigation strategies.Conduct risk reviews, control testing, and deep-dive risk assessments, providing clear insights and recommendations.Lead on horizon scanning for emerging operational risks, ensuring the business is well-prepared for future challenges.Support senior management in risk reporting, including preparing materials for governance committees.Partner with compliance, audit, and business leaders to drive a proactive risk management approach.Provide training and guidance to teams on operational risk best practices. What We're Looking For: Experience in operational risk within insurance, broking, or wider financial services.Strong relationship-building skills, with the ability to engage and challenge senior stakeholders.Ability to work autonomously and take ownership of risk initiatives.Experience with risk frameworks, control testing, and risk reporting.Open to Senior Risk Analysts looking for a step up into a managerial role. Visit the IDEX Consulting Ltd website for further opportunities. Please note that the information supplied may be retained for up to 10 years for use in connection with future vacancies. For full information on how we use your data, please visit the IDEX Consulting website and view our Privacy Policy. Our Diversity, Equity and Inclusion Mission At IDEX, we strive for an inclusion-first company culture where everyone is treated fairly and can bring their authentic selves to work. We recognise and acknowledge that diverse representation at every level of our business requires continuous and measurable effort. We are committed to driving conscious inclusion across our business and creating equitable pathways.

Risk Manager12-Month Fixed Term Contract£60,000 base + exceptional benefitsHybrid working with occasional days in Bath As a trusted hiring partner of a prestigious, multi-award-winning wealth management organization, we are excited to invite a skilled Risk Manager to join their dynamic team. In this pivotal role, you will deliver and maintain the enterprise risk management framework for the Group while executing a robust second-line assurance program. Key Responsibilities: Ensure the Enterprise Risk Management Framework operates seamlessly and effectively across the organization.Proactively identify, describe, and assess risks that impact the business.Oversee incident recording and reporting, manage closure approvals, and conduct trend analysis.Leverage your regulatory and technical expertise to swiftly assess risks and provide decisive, risk-based solutions to complex challenges.Drive the success of the Control Assessment plan, delivering exceptional second-line assurance.Clearly understand and apply the Group's risk appetite in all risk assessments and evaluations.Contribute significantly to determining the company's regulatory risk capital requirements.Cultivate and strengthen a robust risk culture within the organization.Actively coach and support teams throughout the organization in effectively implementing the Enterprise Risk Management Framework.Identify and escalate key and emerging risks from various business units.Partner with leadership in reporting to the Executive Committee, Executive Risk Committee, Board, and Audit and Risk Committee.Collaborate closely with internal Compliance and Inner Audit teams to outline and implement essential steps for mitigating regulatory and business risks. Essential Proven technical expertise in risk management with a deep understanding of operational risk management in the financial services sector.Solid experience operating Risk and Control Self-Assessments (RCSAs) and Key Risk Indicators (KRIs).Strong strategic and analytical thinking capabilities.Ability to compile and articulate comprehensive Risk Management Information (MI) and reporting.Extensive experience in designing and developing Risk Frameworks and Policies.In-depth understanding of Risk Appetite Frameworks.Comprehensive knowledge of risk management practices.Weath management / asset management / financial services / banking sector experience. Desirable Qualifications: Diploma in Risk Management from the Institute of Risk Management (IRM) or equivalent.IAQ qualification or similar.Familiarity with SIPP, ISA, GIA, and Bond Products.Experience in outsourcing and oversight of critical suppliers.Background in Platform or Discretionary Fund Management. Daily Responsibilities:You will lead efforts in collaboration with first-line colleagues, streamlining risk management processes, and championing a strong risk culture. You will provide invaluable support to business functions while empowering the Executive and Senior Leadership teams to confidently navigate and own risk matters. Benefits: Competitive £60,000 salary for the duration of the 12-month FTC.Flexible hybrid working arrangement (a blend of remote and office).Generous annual discretionary bonus.34 days of holiday per calendar year, including bank holidays.Dedicated wellbeing day for personal rejuvenation.Strong support for professional development initiatives.Comprehensive private medical scheme.Income protection scheme for peace of mind.Life assurance scheme for added security.Group contributory pension scheme.Interest-free season ticket loans to ease your travel expenses.A designated day for engaging in charitable activities. Step into a role where you can truly make an impact and lead the charge in risk management excellence! Deerfoot Recruitment Solutions Ltd is a leading independent tech recruitment consultancy in the UK. For every CV sent to clients, we donate £1 to The Born Free Foundation. We are a Climate Action Workforce in partnership with Ecologi. If this role isn't right for you, explore our referral reward program with payouts at interview and placement milestones. Visit our website for details. Deerfoot Recruitment Solutions Ltd is acting as an Employment Agency in relation to this vacancy.

A financial services institution wish to recruit a Risk Manager to play a pivotal role in establishing, implementing, and managing the company’s enterprise risk management (ERM) framework. This position involves identifying, assessing, and monitoring key risks, as well as collaborating with leadership to ensure appropriate mitigation strategies. Key Responsibilities Identify, assess, and prioritize risks across various business functions and develop risk profiles to inform decision-making.Design and implement the ERM framework, including policies, processes, and tools for assessing, managing, and mitigating risks.Continuously monitor risk indicators and emerging risks, preparing regular reports for senior management and the Board.Work closely with cross-functional teams, including Finance, Legal, Compliance, and IT, to ensure risks are managed effectively across the organization.Ensure the organization’s risk management activities align with regulatory requirements, industry standards, and best practices.Lead or support responses to risk incidents, ensuring lessons learned are applied to mitigate future occurrences.Develop and deliver risk training and awareness programs to enhance risk culture across the organization. Qualifications and Experience Education: Bachelor’s degree in Risk Management, Finance, Business Administration, or related field (Master’s or relevant certifications such as CRISC, FRM, or CERA preferred).Experience: 5+ years in risk management, preferably in enterprise or operational risk within [relevant industry, e.g., financial services, technology, etc.].Strong analytical and problem-solving abilitiesExcellent communication skills, both verbal and written, for reporting to stakeholdersProficient in risk management tools and software