Overview

Salary – Competitive + Annual Bonus and Benefits

Work Level – 3

Permanent role

Location – Reigate (other offices in Edinburgh or Newcastle)

Office Attendance - Hybrid; you need to travel to our office 2 days per week

Closing Date for applications – 5 September 2025

SMCR Certified role – successful applicant will be screened according to our pre-employment screening policy guidance

The OpportunityWe’re recruiting a Head of Insurance and Financial Risk to join our Risk Function at Tesco Insurance and Money Services, reporting into the Chief Risk Officer.

In this key leadership role, you’ll act as the organisational authority and established expert in Insurance and Financial Risk matters; leading oversight of actuarial reserves and capital projections; pricing and underwriting models; and financial plan forecasts.

You’ll be part of a supportive and forward-thinking team, where your voice is heard and your work makes a real difference; and will have the opportunity to build a strong network across Tesco Insurance and Money Services and the wider insurance industry.

The Role

Coordinate the ORSA process including annual report update and Stress and Scenario testing.

Provide oversight and challenge to the Insurance and Money Services business to ensure that Insurance and Financial risks are managed and reported within risk appetite, policy and regulatory constraints.

Prepare and present papers to key stakeholders at relevant governance meetings.

Use expertise and market knowledge to identify external developments or emerging issues and evaluate their potential impact or usefulness to the organisation.

Utilise risk analytics to drive improvements and enhancements to data analytics within the risk function.

Line management responsibility for a small team of Insurance Risk professionals with access to Risk SMEs as needed.

We need you to have

Proven experience of working in a risk management function in a highly regulated financial services environment.

Strong knowledge of the personal lines insurance market.

Experience of working in multi-disciplinary teams and leading projects to achieve specific end results within limited timeframes.

Wide and deep experience providing expert competence, with demonstrable ability to build strong relationships and pragmatically challenge stakeholders, including senior leaders.

A collaborative mindset, with a passion for developing people and driving continuous improvement.

Strong written and verbal communication skills.

A focus on prioritisation and being accountable for delivering what matters.

QualificationsA degree or equivalent qualification or experience in a related discipline, e.g., insurance, actuarial, finance.

What’s in it for you?

Performance related annual bonus.

Prepare for your retirement with our colleague pension scheme.

Virtual GP Service for you and your family 365 days a year.

Generous holiday allowance with a minimum of 7.2 weeks, with the option to buy more.

Colleague Clubcard with a 10% discount that increases to 15% every payday; second card available to share.

Company Car Allowance and Green Car Leasing Scheme.

Private Healthcare, Health screening and Life Assurance.

Family-oriented benefits including enhanced maternity leave pay and shared parental leave, plus 8 weeks paid paternity leave.

Buy as you Earn and Save as you Earn share schemes.

Everyone’s welcomeWe want all our colleagues to feel welcome and be themselves. We’re committed to building a more inclusive workplace and celebrating what makes colleagues unique, which helps us deliver our purpose to serve our customers, communities, and planet a little better every day.

Additional InformationWe know the importance of balancing work with life’s other commitments. Please talk to us at interview about the flexibility you need, as we’re committed to exploring flexible working opportunities at every level of the organisation.

InterviewsInterviews commencing September 2025.

How to applyWe value our people and diverse teams. If you’re interested in finding out more about a career at Tesco Insurance and Money Services, click apply to find out more.

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