Senior Associate, Operational Risk and Resilience

Lloyd's; City Of London; Hybrid; GBP 55,000 - 75,000; Full time

Job summary

A leading insurance marketplace based in London is looking for a Senior Associate, Operational Risk and Resilience. In this role, you'll collaborate with various departments to identify and manage operational risks effectively. Strong knowledge of risk management techniques and excellent communication skills are essential. The organization promotes a hybrid working model and emphasizes diversity and inclusion within the workplace.

Benefits

Generous pension

Healthcare and wellbeing benefits

Employee recognition scheme

Flexible working arrangements

Qualifications

• Experience with Solvency II requirements.
• Ability to engage with stakeholders across various levels.
• Evidence of influencing outcomes among senior management.

Responsibilities

• Ensure operational risks are identified and managed.
• Support risk management duties of various functions.
• Produce high-quality reporting for risk committees.

Skills

Knowledge of operational functions

Knowledge of risk management techniques

Knowledge of Operational Resilience Regulations

Experience in managing risks

Strong communication skills

Ability to challenge technical experts

Project management skills

Job description

Overview

Lloyd’s is the world’s leading insurance and reinsurance marketplace. We share the collective intelligence and risk sharing expertise of the market’s brightest minds, working together for a braver world.

Our role is to inspire courage, so tomorrow’s progress isn’t limited by today’s risks. Our shared values: we are brave; we are stronger together; we do the right thing; guide what we do and how we act. If you share our values and our passion to build a future that’s more sustainable, resilient and inclusive, you’ll find a home at Lloyd’s – build a braver future with us.

Lloyd’s is seeking to recruit a Senior Associate, Operational Risk and Resilience. As a key member of the Risk Management team, the Senior Associate will ensure operational risks at Lloyd’s Corporation are identified, assessed, and managed within the risk acceptance authorities. This includes working closely with a wide range of business functions (primarily Operations areas including Resilience, Cyber and Data) to support and challenge their management of operational risk (risks arising from people, processes, systems, and external events). Reporting to the Manager of Operational Risk.

Principal Accountabilities

• Work with key Operations functions to ensure the operational risks arising in those functions are identified, assessed, and managed.
• Support functions in performing their risk management duties and challenge the functions where appropriate to ensure risks are within appetite.
• Support and ensure the effective use of a range of risk tools by the functions, including Risk and Control Self-Assessment, Risk Incident Reporting (losses, control failures, near misses), Risk appetite reporting, Emerging risks reporting, Stress and scenario testing (incl. the capital setting process) and Risk culture, awareness and engagement.
• Contribute to and lead thematic reviews on key risk topics, testing how effectively risks are being managed by functions. Make recommendations to improve risk management and present findings to stakeholders in Risk and the functions.
• Produce high quality regular and ad hoc reporting to the various Lloyd’s risk committees to enable committees to discharge their responsibilities.
• Build and maintain timely and effective risk management reports, including from risk systems (in-house or vendor).
• Build and maintain good relationships with all relevant Corporation departments, including Heads of functions where appropriate.
• Respond with agility to requests from the Manager, Operational Risk.
• Support risk oversight across operational transformation, corporate policies, resilience, data strategy, and technology—including AI—ensuring risk perspectives are embedded in decision-making.

Skills Knowledge and Experience

• Knowledge of operational functions (particularly IT, Operations, Resilience, third party) to enable credible support and challenge to the risk management of those functions.
• Knowledge of risk management techniques (Solvency II requirements).
• Knowledge of Operational Resilience Regulations (SS1/21 and SS2/21).
• Experience in managing risks in operational processes or applying risk management frameworks, tools, and processes.
• The role will involve a large amount of engagement with stakeholders at various levels across the Corporation, including producing analysis reports that must be clear, accurate and easily accessible to both technical experts and those with a more general understanding of risk management.
• Ability to productively challenge technical experts across Lloyd’s and be robust under scrutiny.
• Be able to communicate in both written and verbal forms and engage in debate on complex topics. Evidence of influencing outcomes with senior management in formal (e.g. committee) and informal settings is critical.
• Should be used to working as part of a team, making effective contributions to team meetings and initiatives and able to take ownership of tasks and projects whilst often working remotely and without supervision.
• Project management skills to lead and deliver change within areas of responsibility and support risk management of change in Corporation departments.

Diversity and inclusion are a focus for us – Lloyd’s aims to build a diverse, inclusive environment that reflects the global markets we work in. One where everyone is treated with dignity and respect to achieve their full potential. In practice, this means being positive and inclusive about workplace adjustments, offering regular health and wellbeing programmes, diversity and inclusion training, employee networks, mentoring and volunteering opportunities as well as investment in professional development. You can read more about diversity and inclusion on our website.

We understand that work/life balance is important and that a hybrid of office and home working offers flexibility. Flexible working forms part of a total reward approach which includes generous pension, healthcare, wellbeing, and other benefits such as training support, a benefits allowance, employee recognition scheme and various employee discount schemes.

By choosing Lloyd’s, you’ll be part of a team that brings together the best minds in the industry and, with our underwriters and brokers, creates innovative, responsive solutions to share risk and solve complex problems.

Should you require any additional support with your application, or any adjustments, please note the following:** the following link is provided for application support: clearlytalents com apply lloyds msa1645695881. This does not register your application for the vacancy.