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".

As Wakam is setting up a new entity in the UK, we have an exciting opportunity to appoint a Chair of Risk Committee. This INED position is a regulated role, so you will also be a key function holder (SMF10). The position requires approximately 24 days commitment per year (meeting attendance/reading/liaison).

Main Tasks & Responsibilities

• Chairing and overseeing the performance of the Risk Committee, as well as deciding the frequency and timings of the Risk Committee meetings
• Providing risk expertise to the Risk Committee
• Understanding the accounting procedures, key internal controls and risk management in order to monitor the Company's financial integrity
• Ensuring that an updated report of each Risk Committee meeting is presented to the Board
• Making recommendations to the Board on the Company's policy on executive remuneration and determining performance incentive arrangements for executive directors and certain other directors
• Developing and recommend to the Board, for its approval, a formal process for evaluating the functioning of the Board and its Committee and to oversee its implementation.

Your profile

• Extensive experience within the insurance industry. This may include roles such as CRO or Director of Risk Management within an insurance company. Knowledge of insurance products, underwriting, claims management and reinsurance is crucial.
• Deep and up-to-date knowledge of insurance-specific regulations imposed by the FCA. This includes regulations related to solvency, capital adequacy, conduct of business and reporting requirements and solvency II.
• Proficiency in regulatory reporting specific to insurers is essential. This includes familiarity with the RSR and the Solvency and Financial Conduct Report (SFCR) required under Solvency II
• Capable of guiding/advising on risk management efforts and reporting requirements with both FCA and PRA
• Experience serving on the boards or committees of insurance companies or related organizations is highly valuable.

Your working mindset

• Risk-oriented. Able to maintain a vigilant attitude and identify, assess and advise on managing risk.
• Strategic thinking. Able to consider how the risk strategy aligns with the company’s overall strategic objectives.
• Continuous learning. Able to stay up to date on industry trends, emerging risks and best practices. Be open to learning from both successes and failures.
• Ethical stewardship. Uphold the highest ethical standards in all risk-related activities. Ensure that the committee and the organisation operate with integrity, transparency and fairness.
• Collaborative mindset: Promote collaboration and open communication. Encourage diverse perspectives and constructive debates to make well-informed decisions.
• Maintain composure and resilience. Be prepared to navigate challenging situations with a focus on finding solutions and minimizing disruptions.

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.