Risk Manager

Arch Insurance; London; On-site; GBP 60,000 - 90,000; Full time

Job summary

Arch Insurance is seeking a Risk Manager to enhance its risk management framework. The role involves developing risk strategies, overseeing risk assessments, and preparing reports for stakeholders. Ideal candidates will have at least 5 years of experience in the insurance sector and strong leadership skills.

Qualifications

• 5+ years of risk management experience in the insurance sector.
• Extensive knowledge of risk management frameworks.
• Strong academic background with a relevant degree.

Responsibilities

• Support the development of the risk strategy and appetite framework.
• Provide oversight on risk management and assist with risk assessments.
• Prepare risk and control information for internal and external audiences.

Skills

Strong report writing

Presentation skills

Written and spoken communication

Numeracy skills

Prioritization

GRC tool experience

MS Office applications

Inclusive leadership

Education

Bachelor's degree or equivalent

Professional qualification in Risk Management, Insurance, or Accountancy

Tools

Decision Focus

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℠.

Arch Insurance International provides underwriting solutions across a diverse and growing portfolio, spanning multiple platforms in the Lloyd’s Market, London Company Market, UK Regional Market, Australia, Bermuda, and the EU. It is part of Arch Capital Group Limited, a global leader in providing specialty insurance, reinsurance, and mortgage insurance solutions.

The main purpose of the role is to ensure the operation of an effective and robust enterprise risk management framework by partnering with a number of first-line functions to:

• Contribute to the continuous development of the Risk Framework.
• Provide value-adding insight and analysis of the risks impacting Arch Insurance International.

This role is based in London, and the role holder may be required to visit other Arch offices from time to time.

Responsibilities

Risk Strategy and Risk Appetite

• Support the development of the risk strategy and the risk appetite framework, including developing KRIs to assess the level of risk.

Risk Management Framework

A key role in the day-to-day operation of the A.I.I. Risk Management Framework.

• Provide oversight and challenge on the management of risks.
• Assist stakeholders in identifying risks and facilitate risk and control assessments.
• Assist with the investigation and remediation of risk events.
• Undertake the control validation process and coordinate this activity for the team.
• Appropriately escalate relevant risk issues and work to support remediation.
• Perform Risk Reviews of functional areas and thematic topics.
• Play a key role in the incremental development and maintenance of the Risk Function’s GRC tool (Decision Focus), including training system users.
Work with the Risk Management team to ensure the Framework stays up to date and reflects evolving best practice.
• Ensure the framework remains compliant with relevant regulation and legislation.
• Enhance the framework to ensure it remains complete, consistent, and is well-embedded.
• Draft risk policies and communicate these to stakeholders.
• Work with business functions and the Risk Management team to contribute the ‘risk view’ for key projects.

Risk Reporting

• Take responsibility for preparing risk and control information for internal and external audiences including relevant Committees and Boards.
• Develop, maintain, and embed risk and control reporting with internal stakeholders.
• Contribute to the completion of the annual ORSA reports.
• Attend and present at relevant Working Groups and Committees.

Risk Training

• Work with the wider Risk Management team to enhance A.I.I.’s risk management training.
• Provide risk management training and ongoing support to stakeholders.

People Management and Development

• Work effectively as a member of a dynamic team.
• Lead and support a Risk Analyst, including coaching, goal setting, and contributing to ongoing performance development.

Role Requirements & Skills

Experience

• At least 5 years of risk management experience in the insurance sector, preferably with both Lloyd’s and London Market carriers.
• Extensive knowledge and experience of operating risk management frameworks.

Skills / Competencies

• Up-to-date knowledge of the UK regulatory environment.
• Strong report writing and presentation skills.
• Strong written and spoken communication skills.
• Strong numeracy skills.
• Ability to prioritize and challenge.
• Preferably GRC tool experience, particularly Decision Focus.
• Intermediate knowledge of MS Office applications at a minimum.
• Inclusive leadership skills and the ability to proactively develop Analysts.
• Alignment with Arch’s values and behaviors, including being a committed team player and maintaining a positive mindset.

Qualifications

• Strong academic background with a bachelor’s degree (or equivalent).
• A relevant professional qualification e.g., Risk Management, Insurance, or Accountancy.

Interested in solving complex business problems, working with talented colleagues, and having an innovative mindset? Arch may be a great fit for you. If this role isn’t the right fit but you’re interested in working for Arch, create a job alert! Simply create an account and opt in to receive emails when we have job openings that meet your criteria. Join our talent community to share your preferences directly with Arch’s Talent Acquisition team.

14101 Arch Europe Insurance Services Ltd