Risk Manager – Lloyd’s Market, Hybrid

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

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