Financial Risk Manager

At Direct Line Group, insurance is just the start. Combining decades of industry experience with talented people in every field from data, technology, customer care and auto repair, to HR, finance and procurement, we’re a customer-obsessed market powerhouse. And we all work together to be brilliant for customers, every single day.

We are looking for a Financial Risk Manager to lead the analysis of financial risks across the business, ensuring a robust understanding that will support key decisions, especially around capital management. You will work closely with multi-disciplinary teams across our CFO office, Financial Risk, and wider business, playing a pivotal role in shaping and managing our risk mitigation strategies.

What you'll be doing:

• Lead the development and maintenance of stress testing tools, translating risk events into financial impact on profit and loss statements and balance sheets (IFRS17 and Solvency II).
• Ensure governance and control frameworks for these tools, maintaining documentation and adhering to model governance standards.
• Produce stress tests that inform key decisions, including half-year and year-end Combination Stress scenarios and reverse stress tests.
• Manage capital management scenario analysis for full-year and half-year reporting.
• Support reinsurance purchasing analysis and develop contingent management action strategies.
• Lead regulatory stress testing exercises such as the General Insurance Dynamic Stress Test and Climate Biennial Exploratory Scenario.
• Provide insight into the Group’s solvency position through financial analysis, supporting decision-making at all levels.

What We're Looking For:

• You'll be a qualified actuary with deep Solvency II and insurance accounting knowledge.
• A strong understanding of risk profiles in retail insurance companies, with a grasp of financial dynamics and market context.
• Expertise in Excel with the ability to build and control complex financial models.
• Experience in leading, influencing, and collaborating with senior stakeholders in multi-disciplinary teams.
• Expertise in project management, scenario analysis, and stress testing.

Ways of Working

Our hybrid model way of working offers a 'best of both worlds' approach combining the best parts of home and office-working, offering flexibility for everyone. When you'll be in the office depends on your role, but most colleagues are in 2 days a week, and we'll consider the flexible working options that work best for you.

Read our flexible working approach here

Benefits

We recognise we wouldn't be where we are today without our colleagues, that's why we offer excellent benefits designed to suit your lifestyle:

• 9% employer contributed pension
• 50% off home, motor and pet insurance plus free travel insurance and Green Flag breakdown cover
• Annual bonus of up to 20%
• EV car scheme allows all colleagues to lease a brand new electric or plug-in hybrid car in a tax efficient way.
• 30 days annual leave
• Buy as you earn share scheme
• Employee discounts and cashback
• Plus many more

Being yourself

Direct Line Group is an equal opportunity employer, and we think diversity of background and thinking is a big strength in our people. We're delighted to feature as one of the UK's Top 50 Inclusive Employers and are committed to making our business an inclusive place to work, where everyone can be themselves and succeed in their careers.

We know you're more than a CV, and the things that make you, you, are what bring potential to our business. We recognise and embrace people that work in different ways so if you need any adjustments to our recruitment process, please speak to the recruitment team who will be happy to support you.

Collectively we help every business within our group aim higher. Standing shoulder-to-shoulder to stand out in the market, we want to be an insurance company of the future. And with so many areas to choose from, your ambitions are welcome here. See your opportunity to start a career that’s varied, distinct and exciting. Visit directlinegroupcareers.com

Together we’re one of a kind.

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