Quantitative Risk Analyst (12 month FTC)

Davies; Greater London; On-site; GBP 60,000 - 90,000; Full time

Job summary

Davies in London is seeking a Quantitative Risk Analyst for a 12-month fixed-term contract. You will lead quantitative elements of the risk management framework across syndicates and clients, analyzing data to spot trends, risks, and opportunities for reporting.

The role supports internal model governance, ORSA, stress testing and scenario analysis, and requires collaboration with Actuarial, Exposure Management and Capital Modelling teams to strengthen risk oversight and governance frameworks.

Qualifications

• Strong analytical and numerical capabilities with data trend awareness.
• Experience with risk assessments, risk appetite monitoring, and reporting.
• Knowledge of actuarial or risk modelling techniques is advantageous.

Responsibilities

• Syndicate risk management: develop and maintain quantitative elements of the risk framework.
• Monitor risk appetite quarterly and support actuarial exposures and related risks.
• Assist in SBF reviews and ORSA documentation with quantitative input.
• Support validation activities and action closure within SCR validation processes.
• Contribute to IM policy governance and model governance discussions.
• Draft governance reports and liaise with IMTG/IMSC when required.
• Collaborate across Risk, Actuarial, Capital Modelling and other teams.

Skills

Quantitative analysis

Data interpretation

Risk modelling

ORSA knowledge

Stress testing

Governance reporting

Stakeholder collaboration

Job description

Quantitative Risk Analyst (12 month FTC)

Department: Risk and Compliance

Employment Type: Fixed Term - Full Time

Location: London UK

Description

The Senior Risk Analyst takes on key quantitative elements of the risk management framework, ensuring strong risk management across multiple syndicates and clients within a Portfolio.

The Analyst is responsible for collecting and examining data to draw out trends, exceptions & risks and produce draft reporting.
If successful, you will contribute to internal model validation and governance processes, ORSAs, stress testing frameworks and foster cross-functional collaboration.

Key Responsibilities

Syndicate Risk Management Processes

• Risk management framework: Support the development and maintenance of quantitative elements of the framework.
• Risk & Risk Appetite: Support on the quarterly monitoring and development of Actuarial and Exposure Management related Risks and Risk Appetites.
• SBF Risk Assessments: Support in the production of the Risk Team’s review of Syndicate SBFs.
• ORSA: Support in the preparation of Syndicate ORSA documentation, including specific quantitative elements.
• Support in other tasks in regard to the Risk Framework as directed.

Validation

• Support the Senior Risk Analytics Manager on SCR Validation processes, including those required for Internal Model Approval Processes, Major Model Change submissions and summer LCR submissions.
• Work with internal Actuaries, external Validators and Exposure Management on Validation including in regard to action closure.
• Undertake Operational Risk Validation.
• Draft reports to the Internal Model Technical Group (IMTG), Internal Model Steering Committee (IMSC) and other forums as required.
• Support in the production of Validation Reports including drafting sections as directed.

Internal Model & Lloyd’s Standard Model

• Support in the Risk Team’s ownership and oversight of Internal Model, Lloyd’s Standard Model and Partial Internal Model governance including in regard to IM Policy maintenance.
• Contribute to the effectiveness of IMSC & IMTG governance including ensuring agendas, minutes and actions are appropriate.
• Collaborate with the Central Capital team and (Senior) Syndicate Actuaries.
• Draft reports on Internal Model governance activities.

Stress & Scenario Testing

• Complete Stress and Scenario testing as directed by the Senior Risk Analytics Manager.
• Support the Senior Risk Analytics Manager on the delivery of the Stress and Scenario Framework.

Relationship Management

• Maintain strong working relationships with Actuarial and Exposure Management Team colleagues alongside other relevant Teams at Asta, to support collaborative working on quantitative risk elements of client oversight, internal projects and risk management processes.

Skills, Knowledge & Expertise

1. Quantitative Risk Analysis & Data Skills

• Strong analytical and numerical capabilities with experience interpreting complex datasets and identifying trends, exposures & emerging risks
• Ability to support quantitative risk assessments, risk appetite monitoring, and risk reporting.
• Experience using statistical, actuarial, or risk modelling techniques would be advantageous.

2. Internal Model & Capital Modelling Knowledge

• Experience supporting risk management frameworks within a Lloyd's, syndicate, insurer, MGA, or consulting environment.
• Understanding of insurance risk categories including underwriting, reserving, capital, operational, and exposure management risks.

3. Internal Model & Capital Modelling Knowledge

• Experience supporting Internal Model, Partial Internal Model, or Standard Formula/Standard Model environments.
• Understanding of model governance, model validation, capital requirements, and regulatory expectations.
• Exposure to SCR validation, model change processes, or capital adequacy assessments is desirable.

4. ORSA, Stress Testing & Scenario Analysis

• Experience contributing to ORSA production and wider risk management reporting.
• Knowledge of stress and scenario testing frameworks, including analysing the impact of adverse risk events on capital and solvency positions.
• Ability to communicate quantitative findings clearly to stakeholders.

5. Governance & Technical Reporting

• Experience preparing reports, papers, and presentations for governance committees, boards, or senior stakeholders.
• Strong written communication skills with the ability to document methodologies, validation findings, and risk assessments clearly and accurately.
• Understanding of risk governance processes and committee structures.

6. Stakeholder Management & Collaboration

• Proven ability to build effective working relationships across Risk, Actuarial, Exposure Management, Capital Modelling, and wider business functions.
• Comfortable engaging with both technical and non-technical stakeholders, including external validators and regulatory-facing teams.
• Strong organisational skills with the ability to manage multiple priorities and meet reporting deadlines