Job 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.
Our Benefits
ABOUT US
We offer all employees a comprehensive benefits package that focuses on their whole wellbeing. This includes hybrid working, a competitive base salary, non-contributory pension, discretionary bonus, insurances including health (family) and dental cover, and many other benefits to enhance financial, physical, social and psychological health.
About Canopius
Canopius is a global specialty lines (re)insurer. We are one of the leading insurers in the Lloyd’s of London insurance market with offices in the UK, US, Singapore, Australia and Bermuda.
At Canopius we foster a distinctive, positive culture which enables us to bring our whole selves to work to flourish as people, and build a business which delivers profitable, sustainable results.
Based in incredible new offices in the heart of the City of London, Canopius operates a flexible, hybrid working model and is committed to providing an environment that challenges employees to be their best and where everyone's unique contributions are recognised, valued and respected.
We are fully committed to equal employment opportunities for all applicants and providing employees with a work environment free of discrimination and harassment. All employment decisions are made regardless of age, sex, gender identity, ethnicity, disability, sexual orientation, socio-economic background, religion or beliefs, marital or caring status, or any other status protected by the laws or regulations in the locations where we operate. We encourage and welcome applicants from all diverse backgrounds.
We make reasonable adjustments throughout the recruitment process and during employment. Please let us know if you require any information in an alternate format or any other reasonable adjustments.
