Risk Analyst (Graduate)

London Insurance Life

Greater London

On-site

GBP 19,500 - 23,000

Full time

14 days+

Get more replies from employers

Send a job-specific resume in minutes.

Job summary

Arch Insurance International in the London Market offers a Level 3 Financial Services Administrator apprenticeship within underwriting operations. You will support data quality checks, assist with reporting and build practical skills in risk and underwriting processes.

The programme leads to a CII qualification, with mentorship from senior underwriters and exposure to broker relationships, data management, and compliance across the Lloyd’s market environment.

Qualifications

Internship, placement or work experience within insurance.
Knowledge of the Lloyd’s or London Market.
Exposure to Power BI, Python or similar analytical tools.

Responsibilities

Conduct regular data quality checks and basic audits of underwriting data.
Log and resolve queries from internal/external customers, investigating data discrepancies.
Maintain and update operational procedure documents.
Assist with reporting activities, such as analyzing processing statistics and trends.

Skills

Analytical thinking

Detail oriented

Communication

Organised

Curious

Proactive learning

Education

Insurance & Risk Management degree

Tools

Power BI

Python

Job description

Start Your Career in Insurance Risk Management

Join the Risk Management team of a leading Lloyd’s specialty insurer and gain hands‑on experience across all aspects of risk management, working directly with the Risk Manager, Head of Risk Management and Chief Risk Officer.

You’ll support key risk activities including risk reporting, risk assessments, risk appetite monitoring, incident management, ORSA and stress testing, while building a broad understanding of how a Lloyd’s insurer operates.

What We’re Looking For

This role is specifically aimed at graduates with an Insurance & Risk Management degree who want to build a long‑term career in insurance risk management.

You’ll be:

Genuinely interested in insurance and risk management.
Analytical, organised and detail‑oriented.
A confident communicator who can build relationships across the business.
Curious, proactive and keen to learn.

Interested in developing into a broad risk professional within the Lloyd’s market

Qualifications

Internship, placement or work experience within insurance.
Knowledge of the Lloyd’s or London Market.
Exposure to Power BI, Python or similar analytical tools.

Why Apply?

This is an excellent opportunity for a graduate seeking broad business exposure, early responsibility and a clear career path within insurance risk management. You’ll work with senior stakeholders across the business and develop into a well‑rounded risk professional in a leading Lloyd’s market environment.

Please note:

We are unable to offer sponsorship for this role, or accept Graduate Visa as this is a permanent opportunity.

To assist with administrative tasks of both an underwriting and operational nature. To provide underwriting support and assistance to the underwriters and to create and maintain syndicate records.

Authority Level

No authority to accept risks or settle claims on behalf of the syndicate.

Assisting underwriters with their underwriting at the box in Lloyd’s, in the office or on Teams
Pre‑underwriting risk data analysis
Creation and monitoring of the underwriting reports
Mapping of data and assisting with model development
Assisting with all online trading platforms
Income and performance monitoring on large accounts
Liaising with brokers and clients as necessary on live risks and quotes
Managing risk records
Entry of risk data into underwriting system
Managing underwriter workflows
Responsibility for pre and post bind contract quality assurance
Entry of aggregate data onto the appropriate systems
Management of filing and data storage
Managing credit control
Creation and monitoring of renewal list report
Slip copying and scanning
Ad hoc jobs as required

Accuracy

Able to input data and maintain records with a high degree of accuracy and attention to detail.

IT Capability

Needs to be familiar and competent with various software and I.T. packages including Microsoft Office

Administration and Compliance

Strong organisational skills and ability to work to deadlines. Able to always operate to the standards and rules of the regulatory bodies and those set out in the firm’s standards documents.

Relationship Management

Able to develop and maintain ongoing relationships with underwriters and other staff.

Analytical

Able to analyse and interpret financial information and manipulate data.

Personal Development

Able to ensure competence is attained and maintained. Shows initiative and has an inquisitive nature. Keen to increase skills and responsibility through training.

Communication

Ability to communicate directly and through correspondence, in a manner appropriate to the audience.

Required Knowledge and Skills

A proven interest in a career in insurance and underwriting.
An understanding of Lloyd’s and the insurance market, industry and people.
Excellent attention to detail and the ability to work independently
An interest in undertaking the CII exams
IT skills (Word, Excel and other software packages used within the business)

In our free Claims Adjuster simulation, you will step into the shoes of a claims professional in the London specialty insurance market and learn all about the role and what it entails. This Free online course will deepen your knowledge and understanding of claims to enhance your applications and boost your CV. Why not give it a go!

About Arch Insurance International

Arch Insurance International, part of the Arch Capital Group, is a market‑leading insurer located in the UK. We provide a range of property, casualty, and specialty insurance for corporations, professional firms, and financial institutions across the UK, Europe and Internationally, with a significant presence in the Lloyd’s and London Underwriting market.
Arch Insurance recognises the need to be a digital insurer and as such has shifted focus from traditional technology initiatives to agile driven digital initiatives, leading the commercial & specialty insurance space. Arch offers an entrepreneurial work environment that empowers the individual and encourages constant learning and growth.
People are at the centre of everything we do at Arch, and we are passionate about investing in the future talent of the insurance industry. From day one, you’ll be empowered to contribute, grow, and make a difference. Our apprenticeship roles are crafted to give you the tools, experiences, and support you need to thrive.

Role Summary and Purpose

Support the London Market Underwriting Operations team in driving efficiencies and best practices throughout the Underwriting process, challenge how the business operates today and assist in developing systems, processes, and procedures to support the growth of Arch across all platforms.

This successful candidate will complete the Level 3 Financial Services Administrator apprenticeship, gaining their Certificate Level CII qualification as part of this role.

Key Tasks and Responsibilities

Conducting regular data quality checks and basic audits of underwriting data to ensure accuracy and completeness.
Logging queries received from both internal and external customers, investigating data discrepancies and supporting timely resolution.
Maintaining and updating operational procedure documents.
Assisting with reporting activities, such as analysing weekly or monthly processing statistics.
Collaborating with onshore, offshore and cross functional teams on various tasks and projects.
Other ad hoc admin tasks from time to time.

Role Requirements & Skills