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Operational Risk Manager Hybrid / Remote from France

Job summary
Permanent contract
Paris
Salary: Not specified
No remote work
Skills & expertise
Generated content
Teamwork
Adaptability
Collaboration and teamwork
Written and verbal communication

Wakam
Wakam

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Questions and answers about the job

The position

Job description

Who are we?

Wakam is a B2B2C insurance company that creates white-label insurance solutions via its Play&Plug® technology platform for more than 150 distribution partners. We provide most of our insurance products through API, and hosts white label insurance solutions via our Play&Plug technology platform.

With a footprint spanning 32 countries and revenue of more than €900 million in 2023, mostly generated outside France, Wakam is the European leader in digital and embedded insurance.

Strongly committed to social responsibility, Wakam is a mission-driven company dedicated to “enabling transparent and impactful insurance".

About the team

Our Transformation, Risk, and Compliance department at Wakam is dedicated to driving innovation, managing risks, and ensuring regulatory compliance. As stewards of change, we lead initiatives to enhance operational efficiency and adaptability.

Our team is committed to identifying, assessing, and mitigating risks to safeguard Wakam's reputation and financial stability. Additionally, we maintain a culture of compliance, ensuring adherence to industry regulations and standards.

Squad description

Our Risk team at Wakam is dedicated to identifying, assessing, and managing risks to ensure the financial stability and regulatory compliance of our insurance company. We implement proactive strategies and collaborate with other departments to ensure adherence to industry standards and regulations.

Mission

Wakam designs tailor-made insurance products that are then distributed by distribution partners (brokers, insurtech, retailers) on a B2B2C white label model.

To support the company’s strong growth, Wakam is looking for a Senior Internal Control Officer to join our Office Risk & Internal Control. As Chief of Risk & Internal Control, you are responsible for controlling the operational risks related to the delegation of services (excluding IT services).

Key responsibilities

  • Support partners (excluding IT) in the implementation of operational risk management (e.g. business continuity, fraud, GDPR-type regulatory compliance, etc.).
  • Contribute to the animation of the comitology related to operational risks.
  • Contribute to the operational risk management of Wakam SA as a service provider for the Group or for the UK subsidiary (excluding IT).
  • Review and enrich the control plan, in connection with the work of describing the company’s processes, with the business functions for 1st level controls and the Office Compliance and for the Office Risk as regards 2nd level controls.
  • Maintain process mapping.
  • Contribute to the monitoring of incidents and the enrichment of controls according to findings.
  • Ensure consistency between internal control and operational risk management, including the implementation of mitigation plans.
  • Contribute to the ORSA report and financial reports as required.

Profile Requirements

  • With a Master’s degree in risk management and internal control, you have a significant experience in a similar role within insurance companies, consulting firms or supervisory authorities in non-life insurance.
  • Very good knowledge of Solvency 2 regulations.
  • You must be proficient in English in a professional context.
  • You are proficient in the Office package and the E-Face tool and are agile in handling a variety of tasks.

Working mindset:

  • Rigour and autonomy.
  • Ability to work in a team.
  • Adaptability in a rapidly changing environment.
  • Ability to communicate, both written and spoken.

Why Join Wakam:

  • Fun, cool, and dynamic company culture.
  • Remote work opportunities.
  • Supportive and collaborative team, providing extensive learning and exposure to various subjects.


Hiring Process

  • Interview with Talent Acquisition
  • Interview with our Chief of Risk & Internal Control
  • Interview with our, Senior Internal Control Officer
  • Interview with our Head of Talent

=> Welcome @Wakam 🙌

Positive energy, agility, and team spirit are essential to support Wakam in its hyper-growth!

You have the Wakam mindset? Join us!

More about us

Our culture? Free to impact. A culture where everything is possible, where all ideas are taken into consideration, where everyone has an impact on the transformation of insurance! Hungry for freedom? Thirsty for autonomy? If you are adventurous and like challenges, then the Wakam adventure might be made for you!

Discover on our website who we really are with the 11 cultural markers that so well describe us!

Mindset compatibility with our ‘Free to Impact’ culture:

  1. Think big
  2. Biased for action
  3. Curious and eager to learn
  4. Can say no and find solutions
  5. Aims for the moon (but please don’t stick on the moon)
  6. And above all: have fun working together 🤜🤛 !

  • Wakam is not based on a hierarchy but on a methodology where everyone finds their role and knows their objectives.
  • With a flat hierarchical system and a highly collaborative operating model, Wakam is an extremely agile and transparent company.
  • Every last Friday of the month, it's Free.day @Wakam, a day without meetings to take a step aside and dedicate ourselves to skills sponsorship or other activities (because we are curious, I remind you).
  • Full-remote is a reality at Wakam (there is even one Wakamee who works from his sailing boat ⛵) with our Wakam From Anywhere (WFA) program.
  • Last but not least : we are nice and we have fun! (you'll find out by yourself 😉)

At Wakam, we are committed to fostering an inclusive environment where diversity is celebrated. If you require any reasonable adjustments during the recruitment process, please feel free to reach out to your recruiter.

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