Insurance Risk Manager

Miryco Consultants Ltd; Greater London; Hybrid; GBP 60,000 - 75,000; Full time

Job summary

An established industry player is seeking a risk management associate to join their dynamic insurance risk team. In this pivotal role, you will work closely with the Head of Insurance Risk, contributing to key business decisions and promoting a positive risk culture. Your expertise will guide the assessment and management of insurance risks, ensuring compliance with regulatory standards. This position offers a unique opportunity to influence strategic risk decisions while collaborating with various stakeholders. If you are passionate about risk management and eager to make a significant impact, this role is for you.

Qualifications

• Extensive experience in risk management within the London insurance market.
• Strong communication and negotiation skills are essential.

Responsibilities

• Collaborate with stakeholders to manage and report on key insurance risks.
• Conduct annual reviews of insurance risk appetites and challenge assumptions.

Skills

Risk Management

Communication Skills

Negotiation Skills

Influencing Skills

Tools

Microsoft Office

Databases

Job description

Miryco Consultants are working with a Lloyd’s of London Insurer to grow a dynamic and strategically important insurance risk team.

The role will see you working directly with the Head of Insurance Risk on the assessment, monitoring, and management of key risks. You will be involved with key business decisions relating to the risk appetite and contribute to the development and maintenance of a positive risk culture.

Responsibilities:

• Collaborate with stakeholders to manage and report on key insurance risks.
• Support the implementation of the Underwriting Risk Operating Model, including assessments and guidance to the Risk Committee.
• Conduct an annual review of insurance risk appetites and challenge business assumptions when needed.
• Regularly monitor underwriting and reserve risk exposures, ensuring alignment with appetite.
• Provide regular updates to senior leadership and committees.
• Assist in preparing regulatory reports and opinions, ensuring compliance with Solvency II and Lloyd’s standards.
• Review the business plan annually and assist in completing the Own Risk and Solvency Report.
• Work with the Capital Modelling team to support the Internal Model’s development.
• Offer expert advice on risk management, promoting a culture of effective risk practices.

Qualifications:

• Extensive experience in risk management within the London insurance market.
• Strong communication, negotiation, and influencing skills.
• Proficiency in Microsoft Office and databases.

Location: London, Hybrid Working

Salary: Up to £75,000

Please note, our client is unable to offer sponsorship for this opportunity. Finally, should you not be contacted within five working days of submitting your application, then unfortunately you have not been shortlisted for the opportunity. We will however, be in touch should there be any other opportunities of potential interest that are suiting to your skills.

Seniority level: Associate

Employment type: Full-time

Job function: Analyst, Finance, and Management

Industries: Insurance