Insurance Risk Lead

Job Description

Tide is seeking an Insurance Risk Lead to develop and manage the risk framework for its insurance activities. This role involves overseeing underwriting risk, claims management, pricing, and regulatory compliance. The Insurance Risk Lead will collaborate with the Compliance team on licensing and ensure compliance with insurance regulations for a Managing General Agent (MGA).

Responsibilities:

• Oversee identification, assessment, and management of insurance-related risks.
• Support the Compliance team with the MGA license application and ongoing compliance.
• Lead the integration of insurance risk into the existing risk management framework.
• Work with product development teams to assess the risk profiles of insurance products.
• Develop claims management policies and loss prevention strategies.
• Ensure accurate reporting of insurance risk metrics to senior leadership and regulators.

Requirements:

• Experienced Insurance Risk Lead with a strong background in insurance in an MGA model.
• Strong understanding of the insurance industry, particularly of risks related to underwriting and claims management
• Ideally prior experience with SME product lines
• Experience in a technology driven company is preferred
• Track record of execution and ability to evidence a ‘hands-on’ approach to risk management
• Experience in a 2LOD team
• Understanding of good practice in setting risk appetite, policies, risk monitoring and conducting oversight
• Ideally has been involved in building from the beginning.
• Strong understanding of regulatory capital management, stress testing, and portfolio risk analysis.
• Excellent stakeholder management skills and a track record of engaging senior leaders, boards, and regulators with credibility.
• Knowledge of risk governance and compliance expectations within the UK market (or international equivalent) is highly desirable.
• Motivated leader with a collaborative mindset and the resilience to thrive in a fast-changing, entrepreneurial environment.

What Tide offers:

• Competitive salary
• Share options
• Flexible working options
• 25 days holiday with the option to take 5 extra days of unpaid leave per year
• 3 days paid volunteering or L&D time off per year
• Personal L&D budget of £1,000 professional L&D budget per year
• Group Life Insurance, Vitality Health and Dental Insurance
• Spacious brand-new office by Old Street station with an all-day snacks bar
• Enhanced family-friendly leave
• Childcare Scheme
• Access to a global mental wellbeing platform that provides 1:1 video therapy sessions with accredited therapists and unlimited chat therapy sessions
• Work from home budget
• Team socials - virtual and physical events
• Sabbatical leave.