Senior Associate - Financial Risk - 12 Month FTC

CO1001 Corporation of Lloyd’s; Greater London; On-site; GBP 70,000 - 110,000; Full time

Job summary

Lloyds, the world's leading insurance marketplace, seeks a senior risk professional based in London to identify and assess capital, investment and liquidity risks.

You will challenge risk management approaches, provide formal opinions on strategic finance initiatives, and support risk-based oversight across the organisation. The role includes leading projects and mentoring a junior colleague, with opportunities to influence senior stakeholders.

Qualifications

• Strong knowledge of financial risk, especially capital, investment and liquidity risk.
• Experience applying risk management frameworks and methodologies.
• Understanding of financial markets and asset classes for insurers.
• Ability to advise technical specialists and influence stakeholders.
• Experience leading cross-team initiatives.

Responsibilities

• Identify and assess capital, investment and liquidity risks.
• Challenge financial risk management and suggest improvements.
• Provide risk insights and formal opinions on strategic finance initiatives.
• Support risk-based syndicate oversight.
• Monitor emerging risks and lead thematic reviews.
• Assist validation of Lloyd's Internal Model and Investment Risk Model.
• Improve Risk Management data analytics and processes.
• Contribute to ORSA, stress testing, regulatory submissions and risk reporting.
• Present analysis to senior management and Risk Committee.
• Foster relationships across Treasury, Investment Management and Central Finance.
• Lead or support cross-team projects.
• Manage one direct report and mentor them.

Skills

Financial risk

Capital risk

Investment risk

Liquidity risk

Risk frameworks

Analytical skills

Stakeholder influence

Communication skills

Project leadership

Solvency II knowledge

Education

Actuarial qualification or CFA Charter

Job description

Lloyds is the world's leading insurance and reinsurance marketplace, bringing together the world's leading risk takers to advance global progress. Our strategy is focused on delivering strong underwriting performance, operating an efficient and flexible marketplace, and maximizing the capital advantage of the Lloyds market - while continuing to build a Lloyds we are proud of. How we deliver this, matters. We take the risk, make things happen, and own the outcome - working together across our global network to turn insight into impact.

Location: London

Make the market better. It starts with you.

What you’ll be doing

• Identifying and assessing capital, investment and liquidity risks.
• Challenging how financial risks are managed and recommending improvements.
• Providing risk insight and formal opinions on strategic finance initiatives.
• Supporting a risk-based approach to syndicate oversight.
• Monitoring emerging risks and leading focused thematic reviews.
• Supporting the validation of Lloyds Internal Model, including its Investment Risk Model and Economic Scenario Generator.
• Improving the processes, systems and data analytics used by the Risk Management team.
• Contributing to the ORSA, stress and scenario testing, regulatory submissions and risk reporting.
• Presenting clear analysis to senior management and the Risk Committee.
• Building trusted relationships across Treasury, Investment Management and Central Finance.
• Leading and supporting projects in response to changing business priorities.
• You’ll also manage one direct report, helping them contribute, develop and deliver high-quality work.

What you’ll bring

• Strong knowledge of financial risk, particularly capital, investment and liquidity risk.
• Experience applying risk management frameworks and methodologies.
• A good understanding of financial markets and the role of different asset classes in insurers’ portfolios.
• Experience providing oversight, challenge and advice to technical specialists.
• Strong analytical skills, with the ability to turn detailed information into practical recommendations.
• The confidence to influence senior stakeholders in formal and informal settings.
• Clear written and verbal communication skills.
• Experience leading initiatives or projects across different teams.
• The ability to prioritise effectively and adapt as risks and business needs evolve.
• Knowledge of Solvency II or Solvency UK, insurance liabilities and the Lloyds market would be valuable.
• Experience in risk or capital modelling, including Economic Scenario Generators, would also be beneficial.
• A relevant professional qualification, such as actuarial qualification or the CFA Charter, would be advantageous.

But we’re equally interested in the expertise, judgement and perspective you can bring.

Why join us?

At Lloyds, you’ll help protect the marketplace while enabling it to grow and evolve. You’ll work with talented people across our global network, sharing insight and challenging assumptions to deliver better outcomes.

How we work matters. We take the risk, make things happen and own the outcome. You’ll have a voice here, along with the support and opportunity to use it. We’re committed to building an inclusive environment that reflects the global markets we serve. We want everyone to be treated with dignity and respect, supported in their wellbeing and able to reach their full potential. We welcome conversations about workplace adjustments throughout the recruitment process. If you meet many, but not every, requirement, we still encourage you to apply.

Being inclusive at Lloyds is integral to how we work — and how we deliver impact. We aim to build a diverse, inclusive environment that reflects the global markets we serve, where everyone is treated with dignity and respect and supported to reach their full potential. We take the risk by challenging traditional thinking and being proactive about inclusion. That means being open and positive about workplace adjustments, prioritising health and wellbeing, and investing in diversity and inclusion training so everyone feels able to contribute and succeed.

We make things happen by turning our commitment into action. Through employee networks, mentoring, volunteering opportunities and sustained investment in professional development, we create an environment where inclusion is experienced day-to-day - not just talked about. We own the outcome by focusing on impact. By bringing together diverse perspectives and the best minds in the industry, we work collaboratively with underwriters and brokers to create innovative, responsive solutions that share risk and solve complex problems across global markets.