Risk Manager

Location: London (hybrid working 3 office days per week)
Employment Type: Full time / Permanent Thought The AA only provide roadside assistance? Think again.

For over 100 years, we’ve continued to evolve and adapt. Today, as the nation’s number one motoring organisation, we offer a range of excellent products and services to millions of customers from roadside assistance to home and motor insurance as well as providing the latest driving technologies. As we continue to expand, diversify, and modernise, joining us as our Risk Manager
, you’ll play a key part to our success and join us on this exciting motoring journey.

As Risk Manager, you’ll sit at the heart of the AA Group, playing a key role in protecting and strengthening the business as it delivers on its strategic ambitions. Working closely with the Director of Financial Risk, you’ll help oversee and manage financial risks across the organisation, with a particular focus on pricing and underwriting risk, areas that are critical to commercial success and long‑term sustainability.

This is a highly collaborative role where you’ll partner with actuarial, underwriting and finance teams to ensure risks relating to pricing, underwriting, reserving and capital management are clearly understood, well controlled and managed within appetite. You’ll have real influence, helping to shape a robust and effective risk management framework that not only safeguards the business but actively enable growth through improved understanding and smarter decision‑making.

• Lead review and challenge of pricing and underwriting models and strategies.
• Partner with actuarial and underwriting teams to ensure robust assumptions and methodologies.
• Monitor pricing and underwriting controls against risk appetite.
• Assess pricing adequacy, risk selection, policy terms and claims practices.
• Identify emerging pricing and underwriting risks and recommend mitigations.
• Enhance pricing and underwriting risk frameworks, policies and procedures.
• Support identification and management of key financial risks across the business.
• Monitor financial risk exposures and elevate emerging risks.
• Support oversight of reserving processes and reserve adequacy.
• Develop risk dashboards, KRIs and management information.
• Produce clear, timely reporting for senior management and the Board.
• Provide risk input to new products, pricing changes and strategic initiatives.
• Partner with leaders to design and implement risk mitigation actions.

Capability, Knowledge and

Experience:

• Strong experience in financial risk management or modelling within insurance or financial services.
• Proven expertise in pricing and underwriting risk, with a solid understanding of how these drive commercial outcomes.
• Knowledge of risk management frameworks, insurance pricing, underwriting, reserving and capital management.
• Hands‑on experience of risk modelling, including design, build, testing and documentation.

We’re always looking to recognise and reward our employees for the work they do. As a valued member of The AA team, you’ll have access to a range of benefits including:

• 25 days annual leave plus bank holidays + holiday buying scheme
• Worksave pension scheme with up to 7% employer contribution
• Free AA breakdown membership from Day 1 plus 50% discount for family and friends
• Discounts on AA products including car and home insurance
• Employee discount scheme that gives you access to a car salary sacrifice scheme plus great discounts on healthcare, shopping, holidays and more
• Company funded life assurance
• Diverse learning and development opportunities to support you to progress in your career
• Dedicated Employee Assistance Programme and a 24/7 remote GP service for you and your family

Plus, so much more!

We’re an equal opportunities employer and welcome applications from everyone. The AA values diversity and the difference this brings to our culture and our customers. We actively seek people from diverse backgrounds to join us and become part of an inclusive company where you can be yourself, be empowered to be your best and feel like you truly belong. We have five communities to bring together people with shared characteristics and backgrounds and drive positive change.