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Phoenix Group
Phoenix Group
5,001 – 10,000 Employees
FinanceHealthcare InsuranceInsurance
Phoenix Group is a UK-based financial services company focused on long-term savings and retirement, with expertise in closed-book pensions and life insurance. It manages established portfolios that are no longer open to new customers while continuing to serve policyholders through open businesses including Standard Life and SunLife. Its customer brands also include Phoenix Life and ReAssure. Phoenix Group’s teams work across offices throughout the UK, with additional operations in Dublin and Frankfurt, supporting customers, colleagues, and communities across its finance and insurance businesses.
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Non-Financial Risk Manager, Private Markets

Oversee operational risks across private markets and retirement activities, providing independent second-line challenge and governance oversight. Advise senior stakeholders on risk management and emerging issues.

GBUnited Kingdom
£80,000 / year
HybridFull-timeMiddleSeniorEnglish RequiredFinancial Planning and Analysis

Description

  • Provide independent second-line oversight and challenge of operational risks and controls across policyholder and Private Markets activities.
  • Review risk assessments, key risk indicators, control testing results and emerging risk themes, offering constructive challenge.
  • Evaluate the effectiveness of first-line risk frameworks, controls and mitigation measures.
  • Support risk reviews for new products, business initiatives, operational changes and strategic projects.
  • Work with Origination, Portfolio Management, Asset Management and Operations teams to offer practical risk guidance.
  • Contribute to governance reports, committee papers and insights for senior management.
  • Promote a strong risk culture and support the appropriate escalation and management of material risks and issues.
  • Contribute to regulatory, governance and business transformation initiatives.
  • Help implement and oversee the Group’s Risk Management Framework.
  • Provide independent oversight and challenge across key business activities and the full product and servicing lifecycle.

Requirements

  • Experience in operational risk, non-financial risk, internal controls, audit or a related field.
  • Experience providing risk oversight in private markets, private credit, infrastructure, commercial real estate, alternative assets or investment management.
  • Strong understanding of risks involving illiquid assets, valuation processes, investment governance, delegated authority frameworks, third-party managers and operational execution throughout the investment lifecycle.
  • Knowledge of regulatory and governance expectations for asset management and retirement savings businesses.
  • Strong analytical and problem-solving skills, with the ability to spot emerging risks and recommend practical solutions.
  • Working knowledge of private markets, private credit, infrastructure, commercial real estate or alternative assets.

Benefits

  • Indicative bonus range of 16–32%.
  • Private medical cover.
  • 38 days of annual leave.
  • Pension plan.
  • Life assurance at 12 times salary.
  • Career breaks.
  • Income protection.
  • Three volunteering days.
  • Part-time, job-share and other flexible working arrangements.

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