Risk Governance & Regulation Consultant

Risk Governance & Regulation Consultant

Role Description

Allianz are currently seeking a Risk, Governance and Regulation Consultant to join our team. The purpose of this role is to support the Head of Risk and Regulation in providing reasonable assurance to senior management that pricing processes and procedures are operating effectively and in line with our ambition to build a best-in-class pricing function which operates dynamically and at pace, whilst in line with risk appetite and relevant regulatory requirements.

We work on a hybrid working basis, working for a minimum of 2 days per month in the office. We are open to location and you can be based in any of our Pricing or Underwriting offices which are; Birmingham, London or Bournemouth.

Salary Information

Pay: Circa £38,000 per year.

Pay is based on relevant experience, skills for the role, and location. Salary is only one part of our total reward package.

About You

Your role will vary day to day, but you will tend to focus on three areas:

Risk:

• Promote, continuously enhance and embed the Pricing and Underwriting Risk Management Framework and ensure it adequately and effectively controls all risks within Pricing.
• Work closely with Pricing and Underwriting colleagues and other areas of the business (such as business Risk teams) to report on risks and controls.
• Ensure risk incidents are captured, logged and regularly reviewed to ensure common root cause is identified and effective controls implemented.

Governance:

• Ensure appropriate governance is up-to-date and appropriate e.g. meeting TORs, Portfolio Strategies, Confluence pages
• Test, manage and embed Pricing and Underwriting governance across all lines of business
• Manage functional rule attestation and audit actions

Regulation:

• Ensure that output from either 3rd parties (regulator, external consultancy review), internal audit or guidance regarding Pricing and Underwriting Governance and Risk or customer conduct are fully considered and implemented within good time.
• Ensure the department is adhering to its Pricing Principles and Pricing Strategy in matters regarding regulatory and/or customer outcomes.

Essential Skills

We don't expect you to know everything from day one, but the following will enable you to hit the ground running:

• Experience of General Insurance Pricing
• Understanding of relevant UK regulatory requirements
• Understanding of the risk management cycle
• Attention to detail
• Inquisitive mind
• Excellent organisation skills
• Good verbal and written communication skills with ability to influence and motivate Pricing teams

What We Will Offer You

Recognised and rewarded for a job well done, we have a range of flexible benefits for you to choose from- so you can pick a package that’s perfect for you. We also offer flexible working options, global career opportunities across the wider Allianz Group, and fantastic career development and training. That’s on top of enjoying all the benefits you’d expect from the world’s number one insurance brand, including:

• Flexible buy/sell holiday options
• Hybrid working
• Annual performance related bonus
• Contributory pension scheme
• Development days
• A discount up to 50% on a range of insurance products including car, home and pet
• Retail discounts
• Volunteering days

Our Ways of Working

Do you need flexibility with the hours you work? Let us know as part of your application and if it’s right for our customers, our business and for you, then we’ll do everything we can to make it happen. Here at Allianz, we are signatories of the ABIs flexible working charter. We believe in supporting hybrid work patterns, which balance the needs of our customers, with your personal circumstances and our business requirements. Our aim with this is to help innovation, creativity, and you to thrive - Your work life balance is important to us.

Integrity, Fairness, Inclusion & Trust

At Allianz, we believe in fostering an inclusive workforce and are proud to be an equal opportunity employer. Our commitment to equal opportunities, gender equity, and balanced gender representation, is demonstrated by our numerous accreditations: EDGE certified for gender inclusion, Women in Finance Charter members, Disability Confident employer, Stonewall Diversity Champion, Business in the Community’s Race at Work Charter signatories, and Armed Forces Covenant gold standard employer.

We embrace neurodiversity and welcome applications from neurodivergent and disabled candidates, offering tailored adjustments to ensure your success.

We encourage our employees to advocate for their needs, whether it’s assistive technology, ergonomic equipment, mentoring, coaching, or flexible work arrangements.

Accessible Application for All

As part of the Disability Confident Scheme, we support candidates with disabilities or long-term health conditions through the Offer an Interview Scheme, for those meeting the essential skills for the role.

Contact our Resourcing team to opt into this scheme or for assistance with your application, including larger text, hard copies, or spoken applications.

[email protected]

For any inquiries or to submit your application, please contact: Matthew Mckevitt

Closing date 23/09/25

We reserve the right to close the advert early if we reach enough applications.

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