Risk Analyst

ARCH EUROPE INSURANCE SERVICES LTD; Greater London; On-site; GBP 45,000 - 60,000; Full time

Job summary

ARCH EUROPE INSURANCE SERVICES LTD seeks an individual to support the Risk Function's business risk partners, ensuring the effectiveness of an enterprise risk management framework. Candidates should possess at least one year of risk management experience within the insurance sector, preferably in Lloyd's or the London Market.

The ideal applicant will ideally have a degree and will demonstrate strong communication skills, knowledge of risk management frameworks, and the capability to engage with various stakeholders.

This role emphasizes collaboration and positive mindset aligned with the company's values.

Qualifications

• Knowledge of the components of a Risk Management Framework preferred.
• Experience in a GRC tool, ideally Decision Focus.
• Strong written and spoken communication skills essential.
• Ability to prioritize tasks and provide constructive challenges.
• Alignment with Arch's values is necessary.

Responsibilities

• Develop and manage the entity risk registers.
• Review and assist in risk policies.
• Conduct quarterly risk assessments and reviews.
• Prepare ORSA reports and collate necessary information.
• Investigate risk events and monitor risk function actions.
• Support the emerging risks process.
• Prepare risk and control information for committees.
• Provide training for risk management to stakeholders.
• Maintain the Risk Function’s GRC tool and train users.

Skills

Risk Management Framework knowledge

GRC tool experience (Decision Focus)

Strong communication skills

Ability to prioritize and challenge

Team player with a positive mindset

Education

Degree level education

Tools

Decision Focus GRC tool

Job description

With a company culture rooted in collaboration, expertise and innovation, we aim to promote progress and inspire our clients, employees, investors and communities to achieve their greatest potential. Our work is the catalyst that helps others achieve their goals. In short, We Enable Possibility.

The main purpose of the role is to support the Risk Function’s business risk partners to ensure the operation of an effective and robust enterprise risk management framework across Arch’s Lloyd’s, London Market and UK P&C businesses.

Key Tasks And Responsibilities

• Support in the ongoing development of the entity risk registers.
• Assist with the review of risk policies.
• Support the business risk partners in the quarterly risk assessments, risk reviews, controls assessments, KRI updates, and other risk management activities as required.
• Provide support to ensure that the ORSA process is undertaken in accordance with the ORSA Policy, including collation of information and preparation of the ORSA reports.
• Assist in the investigation of risk events, control failings or weaknesses, and monitoring risk function actions.
• Support the emerging risks process.
• Assist in preparing risk and control information for internal and external audiences including relevant Committees and the Board.
• Provide risk management training, and ongoing support, to stakeholders.
• Play a key role in the development and maintenance of the Risk Function’s GRC tool (Decision Focus), including training system users.

Skills / Competencies

• Knowledge of the components of a Risk Management Framework would be preferable.
• GRC tool experience, preferably Decision Focus.
• Strong written and spoken communication skills.
• Ability to prioritise and challenge.
• Must be aligned with Arch’s values and behaviours, including being a committed team player and having a positive mindset.

Qualifications

• Preferably educated to degree level.

Experience

• At least one year of Risk Management experience in the insurance sector, preferably in Lloyd’s or the London Market.

14101 Arch Europe Insurance Services Ltd