Risk & Insurance Manager - Fixed-Term 8 months
Date posted: 
Friday, 17 May, 2024
British American Tobacco
Closing date: 
Wednesday, 29 May, 2024
Apply now

BAT is evolving at pace - truly like no other organisation.

To achieve the ambition, we have set for ourselves, we are looking for colleagues who are ready to live our ethos every day. Come be a part of this journey!





FUNCTION: Finance-Treasury

LOCATION: London, United Kingdom

TYPE OF CONTRACT: Fixed-Term, 8 months



  • Flexibility for working from home (depending on the work requirements)
  • UK yearly Incentive Bonus – competitive % based on business results and average annual salary
  • Attractive Private Pension Plan - up to 15%, Private Medical cover, Doctor @hand-24/7 GP appointments, by video or by phone, 365 days a year, from anywhere in the world
  • Share Reward Scheme (free shares and share saving scheme), Group Personal Accident Insurance, Life Assurance
  • Flexible Benefits Scheme: Tax Return Assistance, Cycle To Work, Holiday Trading, Dental Insurance, Travel Insurance; Onsite Gym and Gyms Discounts-discounts at over 3,700 gyms, SPAs, pools, studios and outdoor fitness events across the UK; Season Ticket loans-Interest free loans for purchase of annual tickets for public transport




This is a temporary role for a minimum of 8 months, joining the Insurance & Risk & Insurance team based in London to cover a project backfill. 


The job holder will have key responsibilities across Insurance and will support Enterprise Risk Management (“ERM”).  BAT has a sophisticated insurance strategy and advanced approach to ERM. This is a great opportunity for an insurance professional to develop their insurance and ERM skills in a large complex multi-national organisation.


In relation to insurance, the Insurance & ERM Manager will be responsible for the renewal and day to day management of certain of the Global Insurance programmes, including management and collaboration with the Group’s chosen brokers and other external service providers. 


With regards to Enterprise Risk Management, the job holder will support the identification, measurement, assessment of risk within the group and its reporting to senior leadership. This is a broad area as risk is reviewed regional and functionally and discussed at all levels within the organisation.  Engagement with other compliance and control functions will be significant as there is extensive cross-functional collaboration on projects and risk assessment. 


As with all organisations, BAT seeks to continually improve output and efficiencies, and therefore the job holder is expected to be able to propose recommendations for process improvements. 


Reports to: Senior Risk & Insurance Manager

Reporting Level: Manage Self

Geographic Scope: Global





  • Supporting the implementation of the Group’s insurable risk strategy.
  • Working with our insurance brokers, and in accordance with the agreed strategy, the role with be responsible for placement and maintenance of certain insurance programmes to ensure efficient, effective and consistent coverage across the group.  The exact classes may vary from time to time depending on interest and development needs. 
  • Providing support for various risk management initiatives (e.g. Risk Engineering Programme)
  • Providing support for the management of the insurance brokers, including running regular status update meetings to ensure delivery on a timely basis, and to drive improvements to process and delivery. 
  • Providing operational and technical escalation point for queries arising from our End Markets. This includes ensuring appropriate and timely response is provided by our brokers where appropriate, or alternatively responding directly to the business, depending on the nature and urgency of the query.
  • Challenging End Markets to ensure compliance with Treasury Policy;   
  • Providing support to the Group’s ERM activities through delivery of the Regional and Function risk submissions – the exact regions and functions will vary from time to time.
  • Attending risk meetings and where appropriate present on specific topics;             
  • Engaging in meetings with various internal and external service providers;             
  • Delivering and/or providing ad-hoc support for Insurance and ERM projects as needed.



  • Bachelor’s Degree;
  • Relevant Finance or Insurance qualification;
  • Previous experience is a similar role;
  • Relevant experience of placing and managing global insurance programmes;
  • Strong Excel, Word and Power Point skills are a pre-requisite;
  • Experience with Captives would be beneficial;
  • Good understanding of global consumer goods business and operating models is desirable;
  • Good facilitation and interpersonal skills is required.  The job holder is expected to deliver presentations and lead discussions at a certain level;
  • Awareness of Enterprise Risk Management principles would be beneficial, although not a pre-requisite as full training will be provided in this area;
  • Strong written communication skills and ability to produce high quality documents;
  • Ability to simplify complex situations, synthesise, communicate and present complex information;
  • Ability to manage conflicting deadlines and to be able to manage time effectively;
  • Attention to detail is required due to the complexity of the reports produced.



At BAT we are committed to our Purpose of creating A Better Tomorrow. This is what drives our people and our passion for innovation. See what is possible for you at BAT.

  • Global Top Employer with 53,000 BAT people across more than 180 markets
  • Brands sold in over 200 markets, made in 44 factories in 42 countries
  • Newly established Tech Hubs building world-class capabilities for innovation in 4 strategic locations
  • Diversity leader in the Financial Times and International Women’s Day Best Practice winner
  • Seal Award winner – one of 50 most sustainable companies


Collaboration, diversity and teamwork underpin everything we do here at BAT. We know that collaborating with colleagues from different backgrounds is what makes us stronger and best prepared to meet our business goals. Come bring your difference!

We will ensure that individuals with disabilities are provided reasonable accommodation to participate in the job application or interview process, to perform essential job functions, and to receive other benefits and privileges of employment. Please contact us to request accommodation.


Apply now