Main purpose of job:
We are seeking an experienced Risk Analyst to join our Risk Management team. The primary purpose of this role is to support the Chief Risk Officer and the wider team in enhancing and evolving the risk management framework across our growing (re)insurance group, which includes a Lloyd’s Syndicate and MGA platform.
The successful candidate will work closely with all areas of the group to deliver a comprehensive risk profile, presenting an opportunity to develop a deep and broad knowledge of the business. This role is ideal for an agile and curious individual who is passionate about understanding the intricacies of an insurance organisation.
Key tasks/focus:
1. Risk Assessment Support: Assist in identifying, assessing, and prioritising risks across the organisation. Contribute to the development of risk mitigation strategies.
2. ERM Framework Assistance: Support the implementation and maintenance of the Enterprise Risk Management (ERM) framework. Ensure alignment with regulatory requirements and industry best practices.
3. Internal Model Validation: Assist in the internal model validation process, providing support and insights to ensure accuracy and compliance.
4. Policy and Procedure Development: Help develop and update risk management policies and procedures. Ensure they are up-to-date and compliant with regulatory requirements.
5. Reporting: Prepare and present risk reports to senior management. Provide insights and recommendations based on risk assessments.
6. Stakeholder Collaboration: Work closely with various departments to ensure a comprehensive approach to risk management. Engage with external stakeholders as needed.
7. Deep Dives / Thematic Reviews: Contribute or lead aspects of in-depth reviews of specific risk areas to uncover underlying issues and opportunities for improvement. Provide detailed analysis and actionable recommendations.
Key personal skills required:
1. The role works across the entire organisation, at all levels. A proven experience of working in teams with strong interpersonal skills and the ability to create and develop excellent relationships will be paramount
2. Intellectual curiosity, with strong analytical and problem solving skills
3. Demonstrable experience of operating within a varied and busy Risk Management environment
4. Excellent written and verbal communication skills, focusing on precision and accuracy
5. The ability to adapt to changing priorities, and structure work to meet internal requirements
Desired technical skills, knowledge and professional qualifications:
1. Experience in the Lloyd’s market is advantageous but not essential
2. Self-management identifying specific activities of the role in context of the business's goals and what it's trying to achieve. Successfully directing work towards these objectives - prioritising duties, working well under pressure, and managing time effectively - demonstrating flexibility and trustworthiness
3. Strong communication skills to effectively manage internal stakeholders of all levels
4. Experience in managing GRC systems, enhancements or implementations
5. Understanding of the risk profiles our products have, incl. how these are monitored and managed
6. Possibly around 3+ years relevant industry experience
Compliance Responsibilities:
1. Ensure compliance with company and other relevant standards and regulations
2. Ensure compliance with relevant PRA and FCA conducts rules
#J-18808-Ljbffr