Head of Risk & Internal Audit - Gibraltar

About 

Created in 2019, EICL was the UK’s first ever insurtech to secure its own insurance licence. Authorised and regulated by the Gibraltar Financial Services Commission, we provide underwriting capacity to the group MGA, Zego, for personal and commercial motor customers in the UK.

The role

We are seeking a Head of Risk & Audit to develop and manage a comprehensive risk management framework while ensuring regulatory and operational excellence. The role involves proactive risk identification and mitigation, as well as governance and oversight responsibilities.

Here’s what you’ll be doing:

• Develop and manage a comprehensive risk management framework, aligning with industry and regulatory best practices.
• Regularly review and update EICL’s risk management policies and frameworks.
• Conduct risk assessments, including scenario and stress testing.
• Manage processes related to the EICL Risk Register, ensuring it remains fit for purpose.
• Oversee EICL Risk & Audit Committee governance and processes.
• Collaborate closely with the Zego Group RAC, providing key risk insights upwards and downwards.
• Manage relationships and processes with internal auditors and fulfil their requests.
• Monitor and test internal processes at both EICL and MGA levels.

What you will need to be successful in the role

• Significant experience in risk management within the insurance or financial services sector.
• Deep understanding of risk frameworks, policies, and regulatory requirements, including Solvency II.
• Strong analytical and problem-solving skills for scenario testing and stress analysis.
• Excellent organisational skills to manage risk registers and audit processes.
• Proven ability to collaborate with internal and external stakeholders, including auditors and regulatory bodies.
• Exceptional communication and leadership skills to drive risk management initiatives across the organisation.
• Relevant qualifications in risk management or audit are an advantage.

Note: The primary location for this role would be either in Gibraltar or nearby in Spain. However, occasional travel to the London office may be required.

To be considered for this role, you must be located in / OR willing to relocate to Gibraltar or nearby Spain

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