The Risk Management function is responsible for ensuring that the Risk Framework Policy remains current, effective and suitable for the risk profile of the business. The Risk Management function operates as a second line of defence to assist the business in managing and measuring risk.
Description
Risk Management Framework
- Provide support in maintaining the Risks Universe and Risks Register in accordance with Risk Management objectives; and to reflect the business risk profile, and new and emerging risks.
- Assist the business in risk awareness, knowledge and training
Risks and Controls Assessment Cycle
- Provide support for the undertaking, documentation and reporting of risks and controls assessments in conjunction with business risk and control owners.
- Update and maintain risk management information i
Risk Management Reporting
- Regular reporting of risk management activities and results to key stakeholders.
- Collection, analysis and development of Key Risk and Key Control Indicators.
- Collection and analysis of Risk Reported events including ‘Losses and Near-Misses’ reporting.
- Regulatory deliverables including Own Risk and Solvency Assessment (ORSA) Reports.
Key Risk Scenarios and Parameters
- Assist with the preparation of key Internal Model inputs.
Stress and Scenario Testing
- Contribute to the development and performance of testing for risk and capital and solvency management.
Experience
- Must have 2-3 years of relevant insurance experience in Lloyd’s / London Market within Risk Management.
- Educated to degree level. Progression towards ACII or similar designation desirable but not essential.
If you are interested in this role please apply below or contact me for more information.
