Job Description:
Prudential Risk Manager
Manchester, Leeds, London or Brighton
Full time 37.5 hours
Permanent
Salary £68,800 to £85,000 per annum (DOE)
10% Bonus and excellent Bupa Benefits
Advert closes Wednesday 5th November 2025
We make health happen
At Bupa, we're here to help people live longer, healthier, happier lives – and make a better world. We're a health insurer and provider with no shareholders, so our customers are always our focus.
This role sits within our Financial & Insurance Risk team and supports the Head of Prudential Risk. You'll be part of a team that provides oversight and challenge across Bupa's UK-regulated insurance entities and global trading operations. It's a chance to make a real impact on how we manage financial and insurance risk, ensuring we operate within our risk appetite and regulatory expectations.
You'll work closely with Finance and Actuarial teams, helping to shape our risk frameworks and support decision-making at the highest levels.
How you'll help us make Health happen
As Prudential Risk Manager, you'll:
* Support and challenge management through oversight of solvency, capital, liquidity, financial reporting, stress testing and insurance risk activities across Bupa's UK and global insurance entities
* Deliver second-line validation of numbers supplied for the Own Risk and Solvency Assessment (ORSA) from finance functions.
* Provide advice and guidance to Finance and Actuarial teams on risk management best practice, including around Model Risk.
* Develop and promote financial and insurance elements of the Risk Management Framework (RMF)
* Facilitate and support risk management activities including RCSA, emerging risks, and incident analysis
* Deliver deep-dive assurance activities over strategic priorities and initiatives
* Support the Head of Prudential Risk in providing technical interpretation of PRA/EIOPA rules and guidance
* Contribute to the potential adoption or consideration of development of a partial internal model, including opining on the effectiveness of project plans and delivery execution of such a model.
* Promote a culture of good customer and regulatory outcomes
* Foster a positive culture of confident and informed risk-taking through training, communication and promotion of the agreed risk framework.
* Build strong relationships across Finance, Actuarial and Risk teams
Key Skills/Qualifications needed for this role
We're looking for someone who's:
* A qualified actuary (essential) with experience in Insurance, and particularly Health & Care (beneficial).
* Experienced in risk management within an insurance business (1st, 2nd or 3rd line) or consultancy environment.
* Experience with Model Validation would be beneficial
* Knowledgeable about regulatory frameworks including Solvency II
* Skilled in analysing complex information and identifying key actions
* Commercially minded with strong judgement and stakeholder management skills
* A confident communicator who can influence and motivate others
* Experienced in governance, oversight and controls
* Committed to delivering good customer and regulatory outcomes
* Able to foster a culture of continuous improvement and collaboration
Benefits
Our benefits are designed to make health happen for our people. Viva is our global wellbeing programme and includes all aspects of our health – from mental and physical, to financial, social and environmental wellbeing. We support flexible working and have a range of family friendly benefits.
Joining Bupa in this role you will receive the following benefits and more:
* 25 days holiday, increasing through length of service, with option to buy or sell
* Bupa health insurance as a benefit in kind
* An enhanced pension plan and life insurance
* Onsite gyms or local discounts where no onsite gym available
* Various other benefits and online discounts
Why Bupa?
We're a health insurer and provider. With no shareholders, our customers are our focus. Our people are all driven by the same purpose – helping people live longer, healthier, happier lives and making a better world. We make health happen by being brave, caring and responsible in everything we do.
We encourage all of our people to "Be you at Bupa", we champion diversity, and we understand the importance of our people representing the communities and customers we serve. That's why we especially encourage applications from people with diverse backgrounds and experiences.
Bupa is a Level 2 Disability Confident Employer. This means we aim to offer an interview/assessment to every disabled applicant who meets the minimum criteria for the role.
If you require information regarding this role in an alternative format, please email:
Time Type:
Full time
Job Area:
Legal, Risk & Audit
Locations:
Angel Court, London, Bupa Place