Insurance Risk Analyst

Convex; City Of London; On-site; GBP 35,000; Full time

Job summary

A leading insurance company in London seeks an Insurance Risk Analyst to join the Risk Management Team. Candidates must have a degree in a statistical or numerical subject and a desire to qualify as an Actuary. Responsibilities include supporting strategic decisions, collaborating with Underwriting and Actuarial teams, and developing analytical tools. A competitive salary and extensive benefits package are offered.

Benefits

Annual Performance Bonus

30 days Annual Leave

3 days of Volunteer Leave

Birthday Leave

£1,300 to spend on learning & wellbeing

10% Employer Pension Contribution

Private Health Insurance

Full Support for Professional Qualifications

Qualifications

• A desire to qualify as an Actuary at Convex (full support given).
• Genuine interest in using data and technology to improve processes.

Responsibilities

• Support independent opinions on strategic decisions.
• Work with various teams to enhance risk mitigation controls.
• Produce Key Risk Indicators for Management Reports.

Skills

Undergraduate or Masters degree in a statistical or numerical based subject

Ability to communicate effectively

Enjoys working in a team

Naturally curious

Interest in using data and technology

Education

Undergraduate or Masters degree

Job description

Insurance Risk Analyst

Application Deadline: 18 January 2026

Department: Graduate & School Leaver Programme

Employment Type: Permanent

Location: London, UK

Compensation: £35,000 / year

Description

Convex is looking for the next graduate to join our Risk Management Team as we build the (re)insurance company of the future. The key aim of the team is to provide insightful, independent advisory to the business areas and ensure that risk is being taken in line with Convex’s strategy and values.

The Risk Function comprises of three pillars: Financial and Market Risk, Insurance Risk and Enterprise Risk Management (ERM). While the successful candidate will be focused on Insurance Risk, the team works as a Group function with collaboration across all pillars as well as direct exposure and collaboration with first line functions.

We are looking for an individual who can take initiative, enjoys working with others and has solid interpersonal skills. The top candidates will bring new ideas to the team, always be looking to learn and will help drive the vision of Convex and the Risk team.

As you develop into the role, some of the key tasks may include...

• Support independent opinions on strategic decisions
• Work with Underwriting, Exposure Management, Capital Modelling, Ceded Re and Actuarial teams on deep-dives to enhance risk mitigation controls
• Review and enhance Insurance Risk Appetite Statements
• Produce Key Risk Indicators for Management Reports
• Develop and coordinate stress, scenario and sensitivity tests
• Support the framework for managing emerging risks by lines of business
• Analyse the results of Risk & Control Assessments
• Manage risk incidents and underwriting breaches
• Support Internal Model Validation
• Support regulatory reporting such as annual ORSAs and GSSA and ad-hoc regulatory requests
• Design and build analytical tools and dashboards in collaboration with Data Engineers and BI Developers

Skills Knowledge and Expertise

• Undergraduate or Masters degree in a statistical or numerical based subject (e.g. Actuarial, Economics, Physics, etc.)
• A desire to qualify as an Actuary at Convex (full support given)
• Ability to communicate effectively with a technical and non-technical audience, both verbally and in writing
• Enjoys working in a team on a variety of topics and projects
• Naturally curious with an interest in topics that directly impact Convex and the market we operate in.
• Genuine interest in using data and technology to improve processes and decision-making. Coding experience is a great addition but not required.

Benefits

When you join us, you’re not just accepting a job—you’re securing a future. We know that top talent demands more than a standard salary, which is why we’ve designed an exciting benefits package. Some of the favourites for previous graduates and school leavers include:

• Annual Performance Bonus
• 30 days Annual Leave
• 3 days of Volunteer Leave each year
• Birthday Leave
• £1,300 to spend on learning & wellbeing
• 10% Employer Pension Contribution
• Private Health Insurance Medical & Dental Cover
• Full Support for Professional Qualifications (IFoA, CII, CFA, etc.)