Chief Risk Officer

Head the Risk Management Function for PoloWorks, which includes but not limited to Polo Managing Agency and Polo Commercial Insurance Services. Head the Risk Management Function and hold the SMF4 Chief Risk Officer role for Polo Managing Agency Limited.

Key Responsibilities:

Work with the Marco group CRO, supporting the Group Entities in developing the group risk strategy and management function, manage the risk management team, and represent the Group as needed.

Manage UK-based risk functions and drive risk management in both the service and Lloyd’s divisions.

In cooperation with the PoloWorks leadership team, develop the risk management strategy, principles, framework, and policy.

Maintain risk management practices and reporting in line with local requirements, including:

• Oversee the effective operation of the Quarterly Risk & Capital Committee meetings.
• Establish, maintain, and oversee processes and controls for the identification, monitoring, measurement, mitigation, and management of risks in line with Group frameworks

Establish and monitor Risk Appetites, Tolerances and Limits.

Provide direction and sign-off of Own Risk and Solvency.

Assessment (“ORSA”) reporting for UK entities.

Advise and support the business on risk management issues, including review of strategy and business plans.

Contribute to the Group Risk Management team to develop risk management practices for the Group, including strategy, principles, framework, and policy.

Promote an appropriate risk culture at all levels of the Company.

Support the PoloWorks CEO in all aspects of risk management.

Key Relationships

PMA Board and Executive Committee

PCIS Board and Executive Committee

Marco Group CRO

Experience and Skills

Significant experience in (re)insurance risk management

Experience with Lloyd’s managing agency requirements - essential

Proven experience developing and implementing risk management strategies.

Demonstrates behaviours aligned to the Polo Works PRIDE values:

•  Pioneering – we don’t stand still
•  Responsible – We do the right thing
•  Inclusive – we all play a role
•  Delivery Focussed- we provide services we are proud of
•  Empowering – we equip people to be their best

Excellent analytical, problem-solving, and decision-making skills

Good communication, presentation, and interpersonal skills

Highly collaborative and able to build strong relationships across the organisation.

Excellent written and oral communication skills including formal presentations.

Ability to forge effective working relationships, including boards and virtual teams.

Ability to negotiate and influence at all levels.

Ability to communicate complex issues and their implications clearly and simply.

Team oriented and goal focused.

Good commercial awareness.

Confidence and willingness to challenge management when required.

Good awareness of risk landscape and of emerging risks.

Knowledge and Qualifications

Knowledge of Lloyd’s managing agency requirements.

Degree in finance, actuarial or related field is preferable.

Professional certification.

Strong understanding of financial risks and regulations (SII) and Capital modelling.

Reports to: CEO PoloWorks