The Insurance Lead works as part of the Risk and Assurance team, with the Head of Risk & Assurance, supporting senior leaders within the directorate and across UKRI to ensure that UKRI operates best practice throughout its insurance arrangements.
The Insurance Lead is responsible for comprehensive review of all UKRI Insurance arrangements ensuring the development and implementation of appropriate long-term arrangements.
The postholder will join the team working within the directorate to form a joined-up Risk & Assurance function, working closely with all teams within the directorate. This role will support delivery of changes and new ways of working, leading by example through changes to ways of working that will reduce siloed working and increase collaboration in how we manage risk and assurance across the organisation, with our senior forums, Executive Committee and Board.
As a member of the team the role will work to support delivery of all the Directorates responsibilities.
Success Factors
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Increased engagement with senior leaders, councils and committees on insurance requirements.
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Appropriate assurance on the identification of insured and self-insured risk.
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Proactive identification, escalation, and resolution of concerns before they become issues.
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Insurance arrangements that benchmark favorably against best practice and are applied in practice to meet Managing Public Money requirements.
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Acceptable level of assurance on insurance arrangements to external collaborators e.g., internal, and external auditors; UKRI Audit and Risk Assurance Committee.
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Improved efficiency and effectiveness of insurance processes and elimination of duplication.
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Increased use of team in an advisory capacity.
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Fewer surprises (using risk and assurance management to proactively identify risks at an early stage and before they become issues).
Management and Leadership Role
The Insurance Lead reports to the Head of Risk & Assurance.
The role requires line management or supervision of support team members.
This role will support the Head of Risk & Assurance to provide professional leadership and support across the Risk & Assurance Network across UKRI.
The Insurance Lead is a visible member of the team and of the UKRI Chief Finance Officer Group and is required to build strong and effective relationships across a diverse group of stakeholders internally and externally as appropriate.
The role will support the Head of Risk & Assurance to ensure that Risk & Assurance activity helps to influence and drive decision making in the organisation at all relevant levels in pursuit of organisational objectives.
