Defined Benefits Senior Risk Manager

Date Posted: 08/01/2026

Location: London

Job Type: Full time

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Defined Benefits Senior Risk Manager

Location: London – hybrid 50%

Contract: Permanent

Hours: Full time – 35 hours

Purpose

To be responsible for all aspects of risk pertaining to Defined Benefits (DB) from within the business at Just.

​Key responsibilities 

• Lead on the Identification, Management, Monitoring and Mitigation (IMMM) of risks inherent in writing pension risk transfer business. This includes financial, insurance and operational (all) risks pertaining to the Defined benefits business, from within the business.

• Develop and embed first line risk reporting across the DB business unit up to the Senior Management Committee including all relevant risk metrics for the DB business. Co-ordination of DB reporting into the Group Risk team for upwards reporting into Executive and Group Risk Committees

• You will build a working relationship with group risk team, and ensure that you are sufficiently aware of the group risk requirements, second line policies, frameworks and procedures. Lead on and oversee embedding of these within the DB department as required. Work closely with the Risk function ensuring that major transactions and initiatives have necessary and timely risk input and review.

• Where required lead the co-ordination on behalf of DB with other control functions across Just including internal and external audit. Where risks in the DB business spans risks across other departments, you will work closely with those functions to ensure that risk is captured appropriately across functions

• Act as a risk subject matter expert within the DB business unit and provide trusted advice, support and training to the team managers and team members to support strong risk culture and practices across the department. Develop the DB risk leads to act as local risk experts within their local areas and provide risk expertise and support to them.

• Provide pro-active risk advice, support and effective challenge to the DB business, encouraging best practices in controls, management of risks and proactive management of risk events, and risk advice for new propositions, change initiatives and deals.

• Lead the development, implementation and embedding of the quantitative aspects of DB’s risk appetite framework and the translation into quantitative tolerances, limits and thresholds.  Ensure risk appetite is clearly understood, adhered to and documented by the wider DB team.

• Carry out Line 1 risk and control reviews and assurance activities as required. Provide oversight and expertise on controls design best practice into change and transformation activities.

• Own oversight of DB’s Own Risk and Solvency Assessment (ORSA), providing review of functional unit inputs, and other regular reporting to the risk function.  Support the business planning and strategy process in DB by ensuring it includes appropriate, adequate and effective consideration of all risks.

• Provide support and oversight of the operation of the Group’s risk management database (SWORD) within the DB area, and ensuring compliance, and consistent standards across the DB business.

What we are looking for

Risk experience within the insurance industry

• Risk Management: Proven track record of practical experience of implementing and/or operating risk management processes.
• Industry Knowledge: Significant breadth of experience and knowledge of life and pensions / Financial Services.
• Experience of change and implementation of developments.
• Commercial Acumen: Commercially experienced and aware, with a strong understanding of market dynamics and business strategies.
• Internal Partnerships: Proven record of building strong internal partnerships within businesses, particularly with technical functions such as Actuarial.
• Quantitative Frameworks: Experience in running quantitative frameworks in financial, insurance, and operational risk, with a proven ability to understand and meet the requirements of Executives, Risk Committees and Boards.

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