Senior Risk Analyst

IPS Group; London; On-site; GBP 50,000 - 70,000; Full time

Job summary

Join a (re) insurer at Lloyd’s dedicated to underwriting diverse Property, Commercial, and Specialty lines. This position supports the Enterprise Risk Management team by developing risk management frameworks and embedding a culture of risk awareness. Ideal candidates will possess strong ERM expertise, communication skills, and a proven background in the insurance market.

Qualifications

• Strong knowledge of Enterprise Risk Management and its application.
• Experience in the non-life insurance market.
• Exceptional communication skills, both oral and written.

Responsibilities

• Support the development and maintenance of the risk management framework.
• Coordinate the Own Risk and Solvency Assessment (ORSA) report.
• Facilitate Risk Incident reporting and maintain the Risk Incident Register.

Skills

Enterprise Risk Management

Communication

Relationship Building

Initiative

Job description

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You will be working for a (re) insurer at Lloyd’s, who underwrite a diverse range of Property, Commercial and Specialty, from Cargo and Marine to Political Violence, Terror and War.

The main purpose of the role;-

The purpose of this role is to support the Enterprise Risk Management team in the development and maintenance of an effective risk management framework across the expanding company and embed a culture of risk awareness across the business.

Key responsibiliities include;-

• Responsible for maintaining and supporting the ERM Risk Manager in developing and embedding all aspects of the risk management framework.
• Planning and coordinating the collation of information for the Own Risk and Solvency Assessment (ORSA) report and support in producing of the final report.
• Coordinate the quarterly risk and control self-assessment process including the collation and testing of controls and supporting the review workshops with Risk and Control Owners.
• Facilitate Risk Incident reporting and maintaining the Risk Incident Register. Ensure that root cause analysis has been carried out and follow up the agreed actions.
• Support in deep dives identified undertaken by the Enterprise Risk Management function.
• Assist in the identification, analysis and reporting of new and emerging risks.
• Contribute towards producing risk management reports for internal Committees and Board(s).

Required skills & experience;-

• Strong Enterprise Risk Management knowledge and experience of its implementation.
• Experience in the non-life insurance market.
• Ability to develop and maintain effective working relationships across the business.
• Exceptional communication skills, both oral and written to articulate key messages to stakeholders.
• Ability to challenge and influence.
• Ability to self-motivate and act as a strong team player.
• Ability to apply initiative and lead tasks.