Risk
Managing risk to protect our customers and our business
Risk
Our Risk teams in Stratford-upon-Avon work right across NFU Mutual to support business objectives by managing risk. We help deliver customer benefits by interpreting a full range of regulatory rules and supporting the business in making informed, risk-based decisions. Join us and you’ll contribute to our business success by protecting NFU Mutual from all types of risk including strategic, financial and operational risks.
As part of a committed team, you’ll enjoy working in a supportive atmosphere where people work closely together, sharing knowledge and expertise and challenging accepted thinking. With exposure to a range of business areas and managers at every level, you’ll also enjoy the scope to influence the business.
Our key teams
Actuarial Function
Working across the Life and General Insurance areas of the business, we carry out a range of risk-led second line assurance. Join this team and you’ll be directly supporting sustainable profitable growth for NFU Mutual by assuring technical business processes across different areas, such as Pricing, Reserving, Capital Modelling and Investments.
Compliance
Our Compliance team focuses on delivering good customer outcomes by helping the business to comply with all relevant FCA rules, regulations and guidance. This plays a major role in maintaining NFU Mutual’s integrity and reputation. As part of Compliance, we also have a Financial Crime Team that guides and supports the business to prevent NFU Mutual and its customers from being used in financial crime.
Data Protection, Information Security and Business Continuity
We support the business by providing technical solutions to manage data protection, information security and business continuity risk. We also have a team that manages an insurance programme to minimise the financial impact of operational risk. This gives our members, partners and suppliers confidence in us as a great company to do business with.
Financial Risk
The Financial Risk department focuses on measuring and managing the financial risks faced by the organisation. This includes setting regulatory capital requirements, managing the with profits fund, and monitoring the Group’s solvency position.
Join us and you’ll use your expertise to deliver effective financial risk management and help set business strategy. It's varied and interesting work - you can be assessing exposure to market crashes one day and extreme flooding the next. In short, you’ll play a key role in protecting the business from the financial risks it faces every day.
Operational Risk and Prudential Compliance
In Operational Risk and Prudential Compliance we report to the Board and governance committees to assure that risk management is working effectively. This involves providing tools, frameworks, training and expert advice to the business to manage risk, as well as overseeing and challenging the management of operational risk across the business. At the same time, we manage our relationship with the regulator – the Prudential Regulation Authority and keep the business up-to-date with all prudential compliance requirements.
What you could be working on
In Risk, we deal with every area of the business and play a significant role in assuring business success. This means you could be working on any number of projects, such as:
Protecting the company from risk in a number of core business functions.
Using your expertise to safeguard the company against financial risk and informing future business strategy.
Ensuring all business areas understand compliance and regulatory requirements and equipping them to meet these.
Reporting to the board on the effectiveness of risk management strategies and advising on any changes.
Carrying out second line assurance activities across the Group.
Ensuring the business is identifying, managing, assessing and monitoring their risks.
Providing expertise and technical solutions to risk management.
Training the business around key regulation and legislation.
Developing your career
In line with the rest of NFU Mutual, we give our people plenty of support and opportunities for ongoing development. From a strong induction programme to support in gaining a relevant professional qualification, we’ll give you every chance to develop and grow.
You’ll also have access to a range of internal and external training courses, and working alongside recognised specialists, you’ll find lots of opportunities for on-the-job learning.
Meet some of the team
David Hann, Compliance Consultant
When I came for my first interview at NFU Mutual, I got a good vibe about the place - everyone seemed genuinely friendly and upbeat. Literally as soon as I joined, I was asked if I wanted to further my professional qualifications. Not only did the company support me in gaining my APFS/Chartered Financial Planner status, they rewarded me for getting it!
I truly believe what sets us apart is our mutual status. The company’s genuinely driven by doing the right thing for its customers and staff. I feel that I have a huge opportunity in my role to help the business continue to do this.
Adam Byrne, Actuarial Consultant
In 2016, I was working as a teacher in central London, but looking to move out of the city into a new role. I really liked that NFU Mutual is owned entirely by its policyholders. This means it truly cares about its customers and that was the kind of company I wanted to work for.
I joined as an Actuarial Trainee, with an excellent study package, including financial support for study materials. I’ve also gained experience in several teams, which has helped me grow professionally. I’ve also had the support of a mentor, who helps me to consider how to progress in my career.
Stephanie Knight, Risk Analyst
The work here is varied and very interesting, but it’s the people who really make the job great. My role involves speaking to people right across the business and, even if I’m really busy or I’m not in my usual office, I can usually count on someone to give a cheery smile.
There’s a sense that everyone’s working towards the same goal and willing to help each other along the way. That might involve providing some business information at short notice, or asking how you’re doing if they haven’t seen you for a while. It’s a really lovely atmosphere to work in.
Current vacancies
Here are just some of the vacancies that we currently have in Risk. Simply, click on the job title to find out more.
You can see all the jobs we have available by clicking the ‘See all jobs’ button. But don’t forget, if you can’t find your perfect job right now, you can 'Register for job alerts' or ‘Make a speculative application’. That way, we’ll get in touch when a relevant job does come up.
If you have any questions about the opportunities that we have available, or if there's anything else you'd like to know before you apply (or indeed during the application process), please don't hesitate to get in touch.