Risk Manager

PoloWorks; Greater London; Hybrid; GBP 90,000 - 130,000; Full time

Benefits offered by this job

Competitive salary

Discretionary annual bonus

Hybrid working

Job summary

Polo Managing Agency (PMA) in London is seeking a Risk Manager to shape and embed our risk management framework across the agency and syndicates. This high-visibility role offers broad exposure, interaction with senior leaders, and the chance to influence strategic decision‑making.

Work closely with the Director of Risk & Governance to enhance risk identification, assessment, mitigation, and reporting. The role requires London Market risk experience, excellent communication, and analytical

Qualifications

• Degree-level education and/or a relevant professional qualification (IRM, CII).
• Experience in London Market risk management; Lloyd’s experience is highly advantageous.
• Strong interpersonal skills with the ability to engage confidently at all levels, including senior leadership.
• Excellent analytical, numerical, and written communication skills, with the ability to translate risk concepts into meaningful insights.
• Ability to work both collaboratively and independently, managing multiple priorities and tight deadlines.
• Strong proficiency in Microsoft Office; experience with risk management software is beneficial.

Responsibilities

• Enhance PMA’s Risk Management Framework, ensuring alignment with evolving regulatory expectations and industry best practice.
• Develop and refine syndicate risk appetite frameworks, including risk tolerance metrics, thresholds, and reporting.
• Maintain and improve risk and control registers, ensuring risks, controls, and mitigation strategies remain accurate and effective.
• Facilitate risk and control assessments, ensuring key controls are identified, documented, and assessed for design and operational effectiveness.
• Conduct bespoke risk analysis, including independent assessments and scenario analysis in line with the annual risk plan.
• Provide second‑line oversight for PMA’s project portfolio, ensuring project risks are identified, challenged, and appropriately mitigated.
• Support onboarding of new syndicates, including risk assessments and Lloyd’s Making It Happen requirements.
• Manage the risk incident process, including impact assessment, recommended actions, and root cause analysis.
• Contribute to stress and scenario testing, including operational risk inputs for syndicate Internal Models.
• Maintain and enhance the emerging risks framework and register.
• Support quarterly and annual ORSA processes, including production of regulatory risk reports (ORSA/OSCA).
• Assist with validation of internal models for managed syndicates.
• Deliver risk services to outsourced serviced syndicates.
• Review and update risk management policies in line with governance requirements.

Skills

Interpersonal skills

Analytical skills

Written communication

Time management

Collaborative work

Education

Degree-level education/qualification (IRM, CII)

Tools

Microsoft Office

Risk management software

Job description

Description

Polo Managing Agency (PMA) is seeking a talented Risk Manager to play a key role in shaping and embedding our risk management framework across the agency and the syndicates under our management. This is a high‑visibility role offering broad exposure across the business, significant interaction with senior leaders, and the opportunity to directly influence how risk supports strategic decision‑making.

Department

Managing Agency

Location

London

Description

Polo Managing Agency (PMA) is seeking a talented Risk Manager to play a key role in shaping and embedding our risk management framework across the agency and the syndicates under our management. This is a high‑visibility role offering broad exposure across the business, significant interaction with senior leaders, and the opportunity to directly influence how risk supports strategic decision‑making.

If you are passionate about elevating risk management, thrive in a collaborative environment, and want to contribute to a forward‑thinking Lloyd’s market organisation, we would love to hear from you.

Key Responsibilities

As Risk Manager, you will work closely with the Director of Risk & Governance to continually enhance PMA’s risk management framework, ensuring it reflects market best practice and adds real value to the business. You will partner with teams across the agency to support effective risk identification, assessment, mitigation, and reporting.

• Enhance PMA’s Risk Management Framework, ensuring alignment with evolving regulatory expectations and industry best practice.
• Develop and refine syndicate risk appetite frameworks, including risk tolerance metrics, thresholds, and reporting.
• Maintain and improve risk and control registers, ensuring risks, controls, and mitigation strategies remain accurate and effective.
• Facilitate risk and control assessments, ensuring key controls are identified, documented, and assessed for design and operational effectiveness.
• Conduct bespoke risk analysis, including independent assessments and scenario analysis in line with the annual risk plan.
• Provide second‑line oversight for PMA’s project portfolio, ensuring project risks are identified, challenged, and appropriately mitigated.
• Support onboarding of new syndicates, including risk assessments and Lloyd’s Making It Happen requirements.
• Manage the risk incident process, including impact assessment, recommended actions, and root cause analysis.
• Contribute to stress and scenario testing, including operational risk inputs for syndicate Internal Models.
• Maintain and enhance the emerging risks framework and register.
• Support quarterly and annual ORSA processes, including production of regulatory risk reports (ORSA/OSCA).
• Assist with validation of internal models for managed syndicates.
• Deliver risk services to outsourced serviced syndicates.
• Review and update risk management policies in line with governance requirements.

Skills, Knowledge And Expertise

We are looking for someone who brings:

• Degree‑level education and/or a relevant professional qualification (IRM, CII).
• Experience in London Market risk management; Lloyd’s experience is highly advantageous.
• Strong interpersonal skills with the ability to engage confidently at all levels, including senior leadership.
• Excellent analytical, numerical, and written communication skills, with the ability to translate risk concepts into meaningful insights.
• Ability to work both collaboratively and independently, managing multiple priorities and tight deadlines.
• Strong proficiency in Microsoft Office; experience with risk management software is beneficial.
• A mindset aligned with PoloWorks’ PRIDE values.

Benefits

• Competitive salary
• Discretionary annual bonus
• Minimum 26 days of annual leave (with the option to buy more)
• Flexible, hybrid working
• Private health insurance
• Life assurance
• Income protection
• Enhanced pension contributions
• Occupational maternity and paternity pay
• Company volunteering days
• Electric Vehicle (EV) leasing scheme
• Employee assistance programme with retail discounts and savings
• Generous employee referral scheme
• Regular sports and social events