Due to continued growth, this London market speciality insurer are seeking an experience risk candidate to join their team. This is a broad role which will provide exposure to operational risk, controls, emerging risks (ESG) and Cyber Security.
To support and assist the on-going development, implementation and embedding of a comprehensive and proportionate risk management framework and risk culture across our group, ensuring compliance with PRA, FCA and Lloyd's risk management requirements.
- To support the Risk Manager with the on-going monitoring of the legal entity Risk Profiles by being involved with undertaking, analysing and recording results of periodic risk and control assessments across our entities and escalation of exceptions to the Risk Manager. This is achieved through -
- Supporting the development and maintenance of the risk registers for each entity, ensuring identified risks and their assessments are completely and accurately documented
- Supporting the on-going development and maintenance of controls in the risk register including the identification and / or updating of effective controls and making recommendations to improve identified This includes coordinating reporting to our parent Group Operational Risk Control System (ORCS) for in-scope entities.
- Ensuring an appropriate suite of key risk indicators (KRIs) are identified and maintained, and re viewing relevant business MI to assess business activity pre-defined KRI limits. These variances should be investigated on a timely basis with the business owner and escalated to the Risk Manager.
- Note: Initially, Risk Analyst is expected to collate output from meetings and document results in the requisite format. Over time, the Risk Analyst will also be allocated specific categories of risks to undertake risk assessments.
- To support the Risk Manager in the maintenance of an effective operational loss incident management process by assisting with the collation, investigation and reporting of near miss and loss events from our legal entities. This may include conducting investigations with the incident owner, determining lessons learned and remediation action, drafting factual incident reports for inclusion in reporting to governance This activity is coordinated with Compliance as appropriate.
- To maintain an on-going awareness of new and / or emerging risks to the business, and ensuring such information is shared with the Risk and Compliance team and that these risks are captured appropriately. This will primarily involve performing internet based research on regulatory websites and producing briefing papers, gap analysis and provide recommendations for remediation where appropriate. This activity is coordinated with the horizon scanning process carried out by Compliance
- To maintain an on-going awareness of regulatory and industry risk management developments and ensure that the Risk and Compliance Department are informed and action is taken as necessary. Information sources include Group, Lloyd's, the PRA, the FCA and the London Market
- To support the Risk team by undertaking any ad-hoc risk management projects and activities as and when required by the Risk Manager. Examples of activities include
- carrying out administrative tasks to support the Lloyd's Fundamental Principles process (e.g. sorting / mapping self-assessment templates), scheduling meetings for risk & control assessment papers, part contribution to risk
- Assisting in thematic risk assessments, reviews or investigations of topics that may arise from time to Possible topics include but are not limited to: Outsourcing / Third Party Risk Management, Operational Resilience, Business Continuity Management, Data Integrity / Information Management, Cyber Security, ESG including Diversity & Inclusion and Climate Change, Solvency II.
- Assisting in solvency II / internal model related activities as may be required and subject to other primarily risk activities (acknowledging this is a qualitative role - not quantitative).
Experience & skills:
- Appropriate risk management qualification or qualified by suitable experience in similar roles in Lloyd's and / or London market
- University Degree and/or relevant professional qualification
- Aptitude to develop technical insurance and risk management
- Be prepared to partake in conversations and meetings - able to tactfully question and challenge syndicate and service company staff, and then present considered views and
- Must have strong report writing skills, experience of preparing reports and presentations for Senior management / Committee or Board
- Should be focused on completing activities to meet internal/external reporting deadlines
- Be pragmatic solutions orientated and be conscientious with developing collaborative relationships with business
- Should have broad understanding of the current risk management environment and awareness of key developments in risk management best practice (including providing Thought Leadership in specific topics or areas as requested by the Senior Risk Manager or Director of Risk and Compliance).
- Should be proactive and willing to assist in other risk activities that may arise from time to
Eames Consulting is acting as an Employment Agency in relation to this vacancy.
