Portfolio Risk Operations Analyst

SCOR UK Company Limited; London; On-site; GBP 35,000 - 55,000; Full time

Job summary

A prominent global reinsurer seeks a key member for SCOR Delegated Operations, committed to enhancing operational efficiency and compliance. Candidates should possess a Bachelor's in Business and some experience in regulatory tasks, ready to thrive in a collaborative environment.

Qualifications

• Minimum DUA experience of a couple of months.
• ACII or progress towards qualification.

Responsibilities

• Support completion and submission of statutory and/or regulatory reports.
• Ensure compliance with Delegated Authority policy and internal controls.
• Identify and implement changes to improve service availability.

Skills

Regulatory compliance

Audit management

Data management

Communication

Problem-solving

Education

Bachelor's Degree in Business

Job description

The role holder is to act as a key member of the SCOR Delegated Operations management team working in a fast-paced environment that encourages new ideas and a fresh way of thinking. Responsibilities include roles for the organisation:

SCOR and Syndicate Delegated Authority:

• Support completion and submission of statutory and/or regulatory reports and advance automation.
• Administration of the due diligence process for selected classes of business including new Coverholder sponsorship, annual due diligence review and approval (including all third parties),
• Actively involved in ongoing operationa tasks and services from MGAs or Coverholders and TPAs
• Liaising with underwriters, transversal functions, outsourcers and associated stakeholders,
• Participation in internal/external forums as required,
• Assist in coordinating Third Party audits, from scope definition to completion of audits.
• Third Party Audit report review and management of recommendations,
• Support of the data management function and reporting of identified gaps,
• Management of the income review process including distribution of reports, communicating with underwriters and credit control monitoring,
• Provide support to other members of the team as required,
• Identify opportunities for improvements in cost savings and efficiency across the processes,
• Generate reporting to support the management of the departmental activities,
• Ensure compliance to Delegated Authority policy and internal controls,
• Other ad hoc tasks as required to support the portfolio

Change and Operational Improvements

• Actively contribute in identifying, executing and communicating improvements to the operating model (technology and process).
• Contribute to defining data and risk assessment guidance related standards across SCOR.
• Support cross company collaboration through targeted workshops, status briefs and informal updates.

Committees and Memberships:

• Contributor to SCOR Syndicate Conduct Risk Product Oversight Committee and Delegated Underwriting Committees.

Responsibilities

Key duties and responsibilities

• Ensure smooth assessment and onboarding of new and renewal binders
• Assess strengths and weaknesses of partner relationships, driving out recommendations during the due diligence process or for the audit cycle
• Support regulatory compliance (both reporting and process related)
• Identify and implement changes to improve service availability, effectiveness and cost

Qualifications

Required experience & competencies

Minimum DUA experience of a couple of months.

ACII or progress towards qualification.

Required Education

Bachelor's Degree in Business related discipline, or equivalent qualifications.

As a leading global reinsurer, SCOR offers its clients a diversified and innovative range of reinsurance and insurance solutions and services to control and manage risk. Applying “The Art & Science of Risk,” SCOR uses its industry-recognized expertise and cutting-edge financial solutions to serve its clients and contribute to the welfare and resilience of society in around 160 countries worldwide.

Working at SCOR means engaging with some of the best minds in the industry – actuaries, data scientists, underwriters, risk modelers, engineers, and many others – as we work together to find solutions to pressing challenges facing societies.

As an international company, our common culture is defined by “The SCOR Way.” Serving both to build momentum that drives the Group forward and as a compass to guide our actions and choices, The SCOR Way is anchored by five core values, reflecting the input of employees at all levels of the Group. We care about clients, people, and societies. We perform with integrity. We act with courage. We encourage open minds. And we thrive through collaboration.

SCOR supports inclusion and the diversity of talents, and all positions are open to people with disabilities.