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Risk Management Advisor

  • Job
    Full-time
    Mid Level
  • Accounting & Tax
  • London
  • Quick Apply

AI generated summary

  • You need experience in risk management or legal fields, strong communication skills, attention to detail, ability to work under pressure, and be a reliable team player.
  • You will steward the firm’s risk management framework, analyze risks, track key risk indicators, assist with insurance placements, handle insurance inquiries, and contribute to training and communications.

Requirements

  • Relevant past experience could have been gained in a number of ways. By way of example only, this role could suit a risk professional with relevant experience gained in the professional services sector or a qualified lawyer with in-house experience in risk and / or regulatory and / or insurance fields in a commercial law firm or other professional services sector.
  • Must possess initiative and a combination of confidence, presence and a diplomatic manner.
  • Must be able to effectively liaise with all levels of both legal and support staff to assist with the resolution of issues and be able to inspire confidence from senior people.
  • Strong analytical and organisational skills necessary. Must have a close attention to detail and be used to working to very high standards of accuracy and efficiency, but balanced with a practical, common-sense approach.
  • Effective written and oral communication is crucial to successful job performance. Excellent English skills are a key requirement. Polished drafting, showing confidence, commerciality and understanding of recipient’s needs and expectations is required. You must be able to draft complex information succinctly, thoroughly and in plain English with minimal input from senior colleagues.
  • Team player - reliable, flexible, helpful and willing to work beyond contractual hours from time to time.
  • Resourceful, possessing initiative and able to work autonomously with a high personal motivation, whilst also being an effective member of a team.
  • Fast thinker, quick learner and able to work effectively under pressure to meet deadlines. Must be able to prioritise and multitask. Show resilience, confidence and the ability to remain calm under pressure.

Responsibilities

  • Play a key role, in conjunction with the Global Head of Risk Management and the Global Risk Partner (or equivalent), for the stewarding (and strengthening) of the firm’s central risk management framework by:
  • liaising with risk owner teams and functional specialists who lead on existing controls or agreed improvement actions;
  • keeping analyses of individual principal risks up-to-date;
  • drafting periodic risk reports prepared for the firm’s management team, Conduct and Risk Committee and Board; and
  • facilitating the execution of risk assessments for new change projects, or into specialist areas of the business.
  • Undertake horizon scanning for emerging risk issues (via internal stakeholder engagement, multi-media monitoring and participation in external knowledge forums).
  • Take a proactive role in identifying and tracking objective data points (‘key risk indicators’) that measure risk management performance in real-time.
  • Contribute to the production and roll-out of compelling risk-related training and communications material.
  • Lead or participate in lessons-learned exercises following materialised or near-miss risk incidents and share learnings from these or other instructive developments in our peer group with relevant audiences.
  • Support the firm’s global network of Risk Partners on specific risk-related questions and general risk-related material they can share with their offices/teams.
  • In conjunction with the Global Head of Practice Protection and supported by the GC and the Claims Partners, assist with the placement and renewal of the firm’s global professional risk insurances programme (currently covering professional indemnity, management and employment practices liability and cyber liability) and general insurance programme. This will include, in conjunction with the firm’s brokers, the preparation and, where applicable, presentation of documents in support of renewals and assisting in responding to specific questions from underwriters.
  • Liaising with international offices as appropriate in respect of the management and integration of the firm’s local professional risk insurance policies.
  • Responsible for ensuring that all internal enquiries in relation to the general insurances are appropriately triaged and resolved.
  • Dealing with ad hoc internal enquiries relating to professional indemnity issues and questions of liability, including advising on relevant provisions in client terms and any other insurance-related matters.
  • Helping to run tender processes for insurance broking services.
  • Maintaining claims and complaints records for reporting to the firm's insurers, the SRA or other regulators as appropriate and for the identification of any trends.

FAQs

What are the key responsibilities of a Risk Management Advisor?

The key responsibilities of a Risk Management Advisor include stewarding and strengthening the firm's central risk management framework, undertaking horizon scanning for emerging risk issues, identifying and tracking key risk indicators, contributing to risk-related training and communications material, leading lessons-learned exercises following risk incidents, supporting the firm's global network of Risk Partners, assisting with the placement and renewal of the firm's professional risk insurances programme, and maintaining claims and complaints records.

What are the key requirements for a Risk Management Advisor?

The key requirements for a Risk Management Advisor include relevant experience in the professional services sector or qualified legal background, initiative, confidence, diplomatic manner, strong analytical and organizational skills, excellent written and oral communication in English, ability to work well with all levels of staff, team player mentality, resourcefulness, ability to work autonomously and as part of a team, quick thinker and learner, able to work under pressure and meet deadlines.

Law
Industry
5001-10,000
Employees
1743
Founded Year

Mission & Purpose

Freshfields Bruckhaus Deringer is a global law firm with a long-standing track record of successfully supporting the world's leading national and multinational corporations, financial institutions and governments on ground-breaking and business-critical mandates. Our 2,800-plus lawyers deliver results worldwide through our own offices and alongside leading national firms. Our commitment and business know-how mean our clients rely on us when it matters most. Freshfields Bruckhaus Deringer has offices in Austria, Bahrain, Belgium, China, England, France, Germany, Hong Kong, Italy, Japan, the Netherlands, Singapore, Spain, the United Arab Emirates, the United States of America and Vietnam.