Risk Manager

AXIS Capital; City Of London; On-site; GBP 60,000 - 90,000; Full time

Job summary

A reputable global provider of specialty lines insurance is seeking a Risk Manager for its Enterprise Risk Management team in London. This role involves supporting the implementation of risk management frameworks, delivering risk assessments, and ensuring compliance with regulatory requirements. Candidates should possess a Bachelor’s degree and progressive experience in risk management within the insurance industry, showcasing strong analytical, project management, and relationships building skills.

Qualifications

• 3-5 years experience in (re)insurance companies or consulting.
• In-depth knowledge of enterprise risk frameworks.
• Experience in capital management frameworks.

Responsibilities

• Implement and develop the Group’s ERM framework.
• Deliver risk assessments and document risks in registers.
• Support regulatory reporting processes.

Skills

Project Management

Problem Solving

Analytical Skills

Education

Bachelor’s degree

MBA or higher qualification

Job description

This is your opportunity to join AXIS Capital – a trusted global provider of specialty lines insurance and reinsurance. We stand apart for our outstanding client service, intelligent risk taking and superior risk adjusted returns for our shareholders. We also proudly maintain an entrepreneurial, disciplined and ethical corporate culture. As a member of AXIS, you join a team that is among the best in the industry.

An opportunity for a Risk Manager has arisen in the Enterprise Risk Management team at AXIS Capital in the London office. The purpose of the role is to support the implementation and maintenance of the Risk Management Framework across the Group and Legal Entities.

KEY DUTIES and RESPONSIBILITIES:

• Implement and develop the Group’s ERM framework and embed risk management principles throughout the business
• Deliver risk and control assessments and ensure all entity specific risks and controls are adequately documented in the risk registers and risk systems
• Development and monitoring of other components of the risk register including key risk indicators
• Engage with legal entity Risk Owners to promote risk management practices and culture across their respective areas
• Preparation of quarterly internal risk reporting materials including for the Board Risk Committees, Executive Risk Committees and other related risk groups for both Group and relevant Legal Entities
• Support the external reporting process for regulatory, rating agency and other purposes; specifically including production of risk disclosures, BMA, and SII Pillar 3 reporting requirements across Group and Legal Entities;
• Involvement in the production of the annual ORSA report for Group and Legal Entities
• Support the review, development and monitoring of the Group and Legal Entity Risk Limit Framework including Target Capital Range
• Assist with the development and delivery of Stress & Scenario Testing and Capital Adequacy Testing
• Maintain and update relevant risk policies and procedures
• Facilitate the emerging risks process, including the production of the Emerging Risk Committee pack
• Support the operational loss event and near-miss reporting and process
• Support relevant Group risk activities and projects, as required

EDUCATION/TRAINING and EXPERIENCE:

• Bachelor’s degree with successful completion of a higher degree (MBA or MA, MS, or PhD) or professional qualification in underwriting (CPCU, CII), actuarial (FIA or FCAS), finance, or accounting (CFA or CPA)
• At least 3-5 years of experience in property/casualty (re)insurance companies or consulting firms in underwriting, actuarial, risk, finance, or investment functions
• Risk experience with in-depth knowledge of implementing enterprise risk frameworks, including risk identification, risk assessment control oversight and risk governance
• Experience of capital management frameworks and approaches
• Experience with delivery of Board and executive level risk reporting, risk policies, risk appetite and limit frameworks
• Knowledge of regulatory requirements in relation to ERM

DESIRED SKILLS & CHARACTERISTICS:

• Strong project management skills - Ability to work to deadlines, prioritize and multi-task
• A strong aptitude for problem solving and strong execution skills
• Enthusiastic, pro-active and positive attitude
• Ability to build relationships with diverse roles and levels in the organization
• Ability to work independently and support team goals
• Attentive to details whilst having a broader ‘big picture’ view
• Excellent writing ability and strong analytical skills