Risk Manager

Asta Capital Limited; Greater London; On-site; GBP 75,000 - 110,000; Full time

Job summary

Asta Capital Limited is seeking a capable Risk Manager to lead risk management across allocated clients in London. The role emphasizes challenging risk frameworks, ensuring robust controls, and mentoring junior team members to strengthen risk culture.

The successful candidate will oversee ORSA preparation, risk identification and rating, and regular reporting to senior committees. Asta fosters a proactive risk environment with strong stakeholder engagement across clients.

Qualifications

• Strong understanding of Solvency II requirements and ORSA processes.
• Excellent stakeholder engagement and communication skills.
• Proficient in MS Office and risk management reporting tools.

Responsibilities

• Support the development and maintenance of allocated framework sections, in liaison with other team members and the Head of Risk.
• Provide feedback and improvement suggestions for other sections of the framework, to other team members and the Head of Risk.
• Prepare ORSA documentation for allocated Syndicates and contribute updates to the ORSA framework for allocated risk categories.
• Responsible for identifying, documenting and rating risks in relevant clients, including reviewing work undertaken by direct reports.
• Maintain risk registers for allocated clients, including regular challenge with the management.
• Organising and facilitating risk workshops to identify and rate risks in clients.
• Challenging client management on the risks identified, control effectiveness and the ratings.
• Build and maintain strong working relationships with relevant staff in clients and at Asta, to establish a strong risk culture. Provide formal training for staff in Asta and at clients where appropriate and maintain regular contact to ensure risk management processes are effective and reporting is accurate.
• Maintain the risk appetite statements and monitoring for allocated clients and risk categories, in line with the overall framework.
• Provide regular reporting against client risk appetites, discussing breaches with Syndicates and documenting the reasons and actions required.
• Oversee the maintenance of the Key Risk Indicators (KRIs) for review at Committee and Board level, flagging exceptions for management action.
• Complete reverse stress testing (RST) for allocated Syndicates, and provide challenge and input to overall approach for operational risk modelling and RST scenario testing.

Skills

Solvency II

ORSA knowledge

Insurance risk

Stakeholder engagement

MS Office

Lloyd's market

Tools

Risk management systems

Reporting tools

Job description

Description

As a Risk Manager in Asta, you hold responsibility for all aspects of risk management across assigned clients; challenging risk management frameworks, associated processes, controls and documentation, within those clients.

Application Deadline: 18 October 2026

Department: Risk and Compliance

Location: London UK

Description

As a Risk Manager in Asta, you hold responsibility for all aspects of risk management across assigned clients; challenging risk management frameworks, associated processes, controls and documentation, within those clients.

At a Risk Manager level, you are expected to lead by example; practicing & sharing best practice with, as well as mentoring more junior team members to develop their understanding of risk management within Asta and their clients.

This role requires a genuine desire to work within insurance risk and an authentic passion for stakeholder engagement.

Key Responsibilities

• Support the development and maintenance of allocated framework sections, in liaison with other team members and the Head of Risk.
• Provide feedback and improvement suggestions for other sections of the framework, to other team members and the Head of Risk.

• Prepare ORSA documentation for allocated Syndicates and contribute updates to the ORSA framework for allocated risk categories.

• Responsible for identifying, documenting and rating risks in relevant clients, including reviewing work undertaken by direct reports.
• Ensuring a complete record is maintained in AstaPoint of all the risks in the allocated clients
• Organising and facilitating risk workshops to identify and rate risks in clients.
• Challenging client management on the risks identified, control effectiveness and the ratings.
• Maintain risk registers for allocated clients, including regular challenge with the management.

• Responsible for preparing and presenting the regular and ad hoc reporting for the client Assurance Working Group, Syndicate Boards and Committees.

• Build and maintain strong working relationships with relevant staff in clients and at Asta, to establish a strong risk culture. Provide formal training for staff in Asta and at clients where appropriate and maintain regular contact to ensure risk management processes are effective and reporting is accurate.

• Maintain the risk appetite statements and monitoring for allocated clients and risk categories, in line with the overall framework.
• Provide regular reporting against client risk appetites, discussing breaches with Syndicates and documenting the reasons and actions required.
• Oversee the maintenance of the Key Risk Indicators (KRIs) for review at Committee and Board level, flagging exceptions for management action.

• Complete reverse stress testing (RST) for allocated Syndicates, and provide challenge and input to overall approach for operational risk modelling and RST scenario testing.

Skills, Knowledge & Expertise

• Strong understanding of the insurance market and risk, essential
• Experience with Solvency II and confident ORSA knowledge, experience, essential
• A basic understanding of the activities of the Lloyds market, helpful
• Experience of working in an underwriting or underwriting-related area or a good understanding of underwriting risk and basic underwriting processes would be an advantage
• A keen interest in the understanding of risk management and control concepts.
• An understanding of how regulatory requirement s(and changes) impact a business.
• Ability to use systems and software programs needed to perform responsibilities of the role.
• Experience of MS Office (Word Excel, PowerPoint) to an intermediate level desirable.
• Experience of the Decision Focus risk management system is desirable.
• Communication: Excellent interpersonal and written skills that enable the job holder to build trust with senior members of Asta and the managed syndicates, and persuade them of the business benefits of an embedded enterprise-wide risk management culture
• Credibility: Possess an enthusiasm for risk management that persuades others of its value. Potential to become confident and able to deal at senior levels within Asta and the managed syndicates to influence business leaders.
• Integrity: The ability to make a principled stand where required.
• Good organisational skills with the ability to adapt to changing priorities
• Personality: The ability to work both independently and within a wider team.
• Initiative: The ability to contribute to on-going development / improvements through original thinking, persuasive argument and a considered approach.
• High level of accuracy and attention to detail