Senior Operational Risk Analyst

Sompo International; London; On-site; GBP 60,000 - 90,000; Full time

Job summary

Sompo International is seeking a Senior Operational Risk Analyst for its London office. This role involves developing operational risk frameworks and supporting governance processes within the Global Risk Function. The position offers opportunities for collaboration and career growth in a dynamic environment.

Benefits

Expansive Health & Wellness Benefits

Generous Retirement & Savings Plans

Global Parental Leave & Adoption Assistance

Qualifications

• Experience in property/casualty re/insurance companies or consulting firms is desirable.
• Strong understanding of 2nd line operational risk management frameworks.

Responsibilities

• Support the development of the group operational risk framework.
• Review internal loss incidents and share lessons learned.
• Assist with the configuration and maintenance of the Company’s GRC system.

Skills

Problem Solving

Execution Skills

Relationship Building

Job description

As a leading provider of insurance and reinsurance with worldwide operations and employees in Bermuda, U.S., U.K., Continental Europe, and Asia, we recognize that our success is derived directly from those who matter the most: our people. At Sompo International, our values of integrity, collaboration, agility, execution, and excellence underpin our culture and our commitment to providing an employee experience that attracts and engages the best talent in the industry. As we continue to grow, we strive to find diverse, innovative, and driven professionals to join our teams and offer a broad range of career and development opportunities at all levels, in multiple business areas, across our locations worldwide. Our compensation and benefits programs are market-driven and competitive, with excellent family-friendly policies and flexible working provisions.

Job Description

Are you looking for your next opportunity?

Sompo has a unique opportunity for a Senior Operational Risk Analyst to join our Global Risk Function.

This newly created role will report to the Group Head of Operational Risk. The Group Operational Risk team plays a vital role in providing oversight of key operational risks across the group, including the deployment of a robust and consistent framework. This exciting opportunity will allow the incumbent to play a key part in strengthening the operational resilience of the Company, with regular interaction with senior management and local risk teams across the organization.

The Global Risk Function comprises several centers of global core risk competency, including: ERM reporting and risk governance; exposure management; risk modelling; and research and development. Each of these global teams is led by experienced risk professionals who are charged with establishing best practices, developing global capabilities, and providing group-wide support.

Location: This position will be based out of our London office. We strive for collaboration, which is why we offer a work environment where our employees thrive and develop long-lasting careers.

Our business, your impact, our opportunity:

What you’ll be doing:

1. Support the development of the group operational risk framework, including risk appetite and monitoring metrics, and scenario analysis.
2. Support the Risk and Control Self-Assessment (RCSA) process for corporate functions (e.g., HR, BCP).
3. Review internal loss incidents, including root-cause analysis and trends, and share lessons learned across all regions. Review and disseminate intelligence from external events.
4. Support the production and enhancement of operational risk profiling and dashboards, including executive and board-level reporting.
5. Support the development of operational risk training and education materials across the Group.
6. Assist with the configuration and maintenance of the Company’s GRC system, including user guidelines and support.
7. Support 2nd line governance and control reviews, including thematic reviews commissioned by the Group Operational Risk Committee (ORC).
8. Assist with wider group ERM activities as necessary.

What you’ll bring:

1. Experience in property/casualty re/insurance companies or consulting firms (desirable).
2. Strong understanding and experience of 2nd line operational risk management frameworks.
3. A strong aptitude for problem solving and strong execution skills.
4. Ability to build relationships with diverse roles and levels within the organization.

Our Benefits

We continuously evaluate and update our benefit programs to meet the needs of our employees and their dependents. Highlights include:

• Expansive Health & Wellness Benefits
• Generous Retirement & Savings Plans
• Global Parental Leave & Adoption Assistance