Location
London
Salary
£ / p.a
Type
Risk Governance (Audit, Risk & Compliance)
REF No.
581
Listed Date
June 26, 2018

The purpose of the role is to provide support to the Risk Management function and contribute to the provision of ongoing Risk Reporting. This is a role designed to fast track you to a number two position within the Risk function. Travel to Europe, Asia and the U.S intermittently may also be required.

The role

To ensure that the Risk Management Framework is designed and operating effectively and support the business in meeting its obligations with regards to risk management, including Solvency II, the Internal Model validation, model change and ORSA reporting.

  • Develop and maintain key risk management processes, including risk and control assessments, deep dive risk assessments, stress and scenario analysis, emerging risk reporting and overall risk reporting to Risk Committees;
  • Partner with the business in making strategic decisions by providing relevant risk information;
  • Challenge the business in relation to management of risk and control environment;
  • Assist senior management, supervisory body and other management in the effective operation of the risk management system;
  • Assist in maintaining an organisation-wide and aggregated view on the risk profile of the firm;
  • Assist in formal quarterly reports to the CEO/MD and Risk & Compliance Committee of the Board on the status of ERM;
  • Interface with US and International colleagues on Group and global risks, as well as risk management initiatives where necessary;
  • Maintain the library of Solvency II policies and work with owners to ensure that they are updated and embedded within the business;
  • Assist with oversight of Solvency II deliverables, including a key co-ordination role for internal model validation;
  • Maintain awareness of current best practice thinking on ERM in our industry and communicate key emerging events to the management team;
  • Ensure that Operational Risk frameworks are embedded within the organisation;
  • Perform wider risk assessments and reviews, whilst ensuring that all necessary controls are in place;

Profile

  • A minimum of 2 years’ experience within a risk analyst role at an insurer or broker, preferably within the Lloyd’s Market;
  • Knowledge of FCA/PRA and Lloyd’s regulations would be preferable
  • Educated to Degree level and looking to progress with professional qualifications (e.g. ACII) would be advantageous but happy to look at candidates qualified through experience
  • Strong influencing skills
  • Ability to manage and prioritize
  • Excellent time management
  • Good interpersonal skills
  • Good Office skills, including Word, Excel, PowerPoint
  • Ability to handle sensitive & confidential situations and information.