Cyber Risk Analyst

Lockton; City Of London; On-site; GBP 50,000 - 70,000; Full time

Job summary

A global reinsurance firm is seeking a Cyber Risk Analyst to join their cyber risk team in London. The role focuses on assessing and quantifying cyber risk exposures, using data-driven techniques. Key responsibilities include evaluating cyber risks, conducting scenario analysis, and collaborating with actuarial teams. Candidates should have experience in cyber risk modeling and a degree in a related numerical field. Join an innovative team shaping the future of cyber risk transfer.

Benefits

Hands-on experience in cyber risk modeling

Innovative team environment

Qualifications

• Experience in cyber risk modelling or exposure management.
• Familiarity with cyber risk models.
• Knowledge of cyber incident trends.

Responsibilities

• Assist in cyber risk assessment and analytics.
• Support cyber catastrophe modelling.
• Monitor emerging cyber threats and regulatory developments.

Skills

Cyber risk modeling

Analytical skills

Communication skills

Attention to detail

Collaboration

Education

Degree in numerical field

Tools

RMS

CyberCube

Cyence

Job description

Vacancy details

Lockton Re helps businesses understand, mitigate, and capitalize on risk. We're pushing the reinsurance industry forward with smarter solutions that leverage new technologies - delivered by people empowered to do what's right for clients. Our success has seen the business grow to a headcount of more than 450 associates globally across 19 locations.

We're the reinsurance business of Lockton Companies, the world's largest privately-held insurance broker. Fierce independence frees us to deliver an exceptional client service experience, unencumbered by pressure from financial markets, geographical divides or silos, or conflicts of interest between organisational goals and our clients' needs.

About the role

A Cyber Risk Analyst will support our cyber reinsurance broking team in assessing, quantifying, and managing cyber risk exposures, using data driven techniques and models. This role is ideal for someone with an analytical mindset, a keen interest in cyber threats, and an understanding of risk modelling. You will work closely with brokers, actuaries, and analytics specialists to support risk transfer solutions in the reinsurance market.

Key Responsibilities

• Cyber Risk Assessment & Analytics: Assist in the evaluation of cyber risks associated with insurance and reinsurance portfolios.
• Cyber Risk Assessment & Analytics: Support cyber catastrophe modelling and scenario analysis for risk aggregation.
• Cyber Risk Assessment & Analytics: Conduct quantitative and qualitative assessments of cyber threats, and their potential financial impacts.
• Threat Intelligence & Market Research: Monitor emerging cyber threats, incidents, and regulatory developments affecting the (re)insurance market.
• Threat Intelligence & Market Research: Support the development of industry insights and trend analysis to help cedant decision making
• Threat Intelligence & Market Research: Run analysis on cyber risk accumulation and systemic risk factors.
• Portfolio & Exposure Management: Assist in analyzing cyber exposure data from cedents and clients.
• Portfolio & Exposure Management: Support the development of risk appetite frameworks and accumulation controls.
• Portfolio & Exposure Management: Work with actuarial and broking teams to assess cyber risk pricing and reinsurance structures.

Candidate Profile

Some of the skills and experience required to apply to this role include:

• Experience: previously worked in cyber risk modelling, whether actuarial, catastrophe modelling, exposure management or a similar field.
• Familiarity with cyber risk models (e.g., RMS, CyberCube, Cyence, etc)
• Knowledge of cyber incident trends and their impact on financial losses.
• Exposure to reinsurance structures and portfolio risk management.
• Education: Degree in numerical field such as computer science, Data Science, Actuarial Science, Economics, or a related field.
• Technical Knowledge: Basic understanding of cybersecurity principles, risk modeling, and financial risk management.
• Analytical Skills: Ability to interpret complex data and assess systemic cyber risk exposures.
• Communication Skills: Strong ability to present insights to technical and non-technical stakeholders.
• Attention to Detail: Ability to manage large datasets and document risk assessments accurately.
• Collaboration: Ability to work effectively with broker, actuaries, and modelling teams

Why join us?

• Work at the intersection of cybersecurity, risk analytics, and reinsurance.
• Gain hands-on experience in cyber risk modeling and portfolio management.
• Be part of an innovative team shaping the future of cyber risk transfer.