Risk Manager (Insurance and Money Services)

Salary - From £43K + annual bonus & benefits Work Level 2 Location - Edinburgh, Newcastle, Glasgow, or Reigate, Permanent Office Attendance - Our roles are hybrid; however, you should be able to attend your contractual office 2 days per week for this position. Closing Date - Applications close Tuesday 11th June at 5pm We deal in the personal - from pet insurance for your best friend, and home insurance for peace of mind, to motor insurance for your dream car or travel money for that trip you’ve worked hard for. And that means we always work with heart. Whether we’re helping our customers or looking after our people, you’ll find there’s a warmth and friendliness to everything we do. We’re looking for Risk Managers to join our [1] Insurance and Money Services team. You’ll work with the Head of Risk, contributing to the development and embedding of an end-to-end comprehensive risk management framework. Identifying and managing risks across the business, but primarily focused on the Insurance distribution. You’ll lead and manage a professional team in developing and delivering, risk controls and quality assurance activities within claims. Recommending changes to systems, technology and processes across the functions to support continuous improvement of our control framework and assurance activity. You’ll play a key role in ensuring Insurance & Money Services has a robust risk and control environment which is aligned to the Risk Management Framework and is embedded across the business. This is a great time to join Insurance & Money Services as we start our new journey and to be a part of our success story as we continue to grow, innovate, and meet the needs of more Tesco shoppers. What you’ll be doing • Contributing to stakeholder engagement through identifying stakeholders, finding out their needs/issues/concern and reacting to these by arranging meetings and events and drafting supporting materials to promote understanding and commitment. • Exploring issues or needs, establishing potential causes and barriers as well as related issues. • Delivering assurance and oversight assignments in nominated client areas. Developing individual assurance and oversight plans and detailed scope, delivering the fieldwork, report findings and opinions, agree on corrective actions with business owners, and referring serious or contentious issues to the Head of Risk. • Maintaining and renewing a deep knowledge and understanding of the organization's policies and procedures and of relevant regulatory codes and codes of conduct. • Ensuring the organisation is not exposed to undue risks by using risk management systems to achieve specific goals within a designated area of the business. • Recommending changes to policies, processes, standards and practices that would improve operational support. • Exploring and developing a detailed understanding of external developments or emerging issues and contribute to the evaluation of their potential impact on, or usefulness to, the organisation. • Identifying, within the team, instances of non-compliance with the organisation's policies and procedures and/or relevant regulatory codes and codes of conduct, reporting these and escalating issues as appropriate. • Helping develop procedures for an area of the organisation, and monitor their implementation. We need you to have • Excellent communicator with the ability to utilise multi-mode communications that convey a clear understanding of the unique needs of different audiences & to interact with stakeholders at all levels • Demonstrable track record in risk management, preferably in general insurance. • Great understanding of risk assessment, data analysis. • Be competent at review and report writing. • Broad understanding of the legal and regulatory framework within which general insurers operate. And if you have any of these, even better. • Be comfortable working independently or as part of the wider team, planning and organising your own work in line with the annual risk plan. • Experience in developing procedures for an area of the organization, and monitoring their implementation. We don’t expect you to tick every box, and if you feel you hit the majority of the brief, it’s worth exploring to further develop your career here with us. What’s in it for you? • Prepare for your retirement with our colleague pension scheme. • Private Medical Insurance (WL2+) and virtual GP Service for you and your family 365 days a year. • Performance related annual bonus. • Indulge in a generous holiday allowance with a minimum of 7.2 weeks, with the opportunity to buy more. • Embrace the benefits of our Colleague Clubcard, enjoy a 10% discount that increase to 15% every payday (worth up to 2K). As an added perk, we’ll give you a second card to share with someone else. • Benefit from our family-oriented initiatives, encompassing enhanced maternity leave pay, a shared parental leave policy, and a generous 8-week paid paternity leave. • A place to get on - take advantage of our ongoing learning opportunities and award-winning training, to help you achieve the job and career you want. • Take part in our Buy as you Earn and Save as your Earn share schemes. Everyone’s welcome. We want all our colleagues to always feel welcome and be themselves. We are committed to building a more inclusive workplace and celebrating everything that makes colleagues unique, and value the richness and diversity this brings to our business. A more diverse business helps us deliver on our purpose to serve our customers, communities, and planet a little better every day. Additional Information Role Alignment Following the announcement regarding Tesco's strategic partnership with Barclays, this role will support our Insurance and Money Services team and will remain with Tesco. Interviews Interviews are expected to be held from w/c 10th June. References Visible links 1. https://youtu.be/AuVo2tputaw