Description

The Role

Provide 2nd-line oversight across liquidity, credit, investment, treasury, and reinsurance counterparty risk. Shape capital optimisation, risk appetite, stress testing, and compliance with regulatory requirements—enhancing Group resilience.

Key Responsibilities

Risk Framework & Oversight

• Monitor liquidity, funding, capital and treasury activities

• Challenge depreciation and asset-liability assumptions; assess asset concentration, correlation, liquidity risk

• Oversee reinsurance counterparty exposures per regulatory requirements across the group

• Direct enterprise-wide financial risk assessments, ensuring risks are identified, measured, and mitigated across business units

Investment & Treasury

• Provide balance sheet risk insights: hedging, transfer pricing

• Oversee investment and treasury risk, including valuation, concentration, hedging, and alternative assets

• Monitor valuations of alternative assets, ILS and capital inflows

Stress Testing & Reporting

• Lead stress testing, scenario analysis, and reverse stress testing across liquidity and credit risk.

• Prepare risk opinions for internal committees, regulators, Board and Lloyd’s Market

• Drive continuous enhancements to financial risk MI, dashboards, reporting frameworks, and Board-level documentation

Governance & Compliance

• Strengthen governance, model documentation, risk opinions, and regulatory compliance, implement recovery and resolution plans

Stakeholder Management

• Collaborate cross-functionally across Treasury, Finance, Investing, Underwriting, Reinsurance

• Promote risk-awareness through training, robust MIS, and deep dives

• Provide strategic guidance to senior leadership to inform capital optimisation and risk appetite decisions

• Lead crisis response readiness including financial recovery planning and critical vendor dependency assessments

Team Management and Development

• Hire, coach, and develop a high-performing financial risk team, setting clear objectives, ensuring skills development, and embedding a culture of accountability and excellence.

Skills

• Extensive experience in financial risk management within insurance, banking, or reinsurance

• Strong technical fluency in liquidity, funding, credit analysis, and investment appraisal

• Experience managing ALCO, ICAAP, stress testing

• Advanced qualification: CFA, FIA, Actuarial or equivalent

• Stakeholder engagement and senior presentation ability

• Experience in Lloyd’s syndicate, Counterparty/ILS, or financial reinsurance structures

• Familiarity with IRR regime and Bank of England’s PRA priorities

• Ability to navigate Solvency II model governance (e.g., internal models)

Canopius Competencies:

Leading Change

Plans, implements and embeds organisational changes across the region and guides stakeholders through changes to processes, technologies, systems, or strategies, ensuring changes are successful and well received.

Leading Teams

Motivates, guides and empowers others to collectively meet current and future business needs. Sets clear performance expectations and utilises team members’ capacity, skills and potential effectively.

Stakeholder engagement

Cultivates and maintains positive relationships with relevant internal or external stakeholders, effectively involving and communicating with them to drive collaboration, support, and alignment towards shared goals.

Collaboration and teamwork:

Works effectively with team, project or other work groups or those outside formal line of authority to accomplish goals. Actively participates as a member of a team; develops and builds cohesive team relations to produce required outputs; possesses knowledge and understanding of colleagues work.

Adapting to change:

Adjusts thoughts, feelings, and behaviours to handle new, challenging, or complex situations; embracing change as a growth opportunity when working within new work structures, processes, regulations, or requirements.

Continuous Improvement

Analyses current and future state business requirements and identify strategies to continuously improve products, services or processes. Guide and inspire others to achieve results to enhance efficiency, quality and consistency.

Innovation

Creates, develops and implements new ideas to enhance new or improved processes, systems, solutions, products or services; tries different and novel ways to deal with problems and opportunities.

Resilience

The ability to cope with and recover from setbacks, challenges or difficulty. Persevering even under pressure or crisis situations and uses ways that foster strength and growth, often emerging stronger than before.

Future Focused

Anticipates changes in regulations, technology and client needs, proactively responding to key trends happening in the industry. Thinks about the future through identifying opportunities and obstacles whilst planning effectively.