Senior Risk Analyst | London, UK

Starr Insurance Companies; London; On-site; GBP 50,000 - 90,000; Full time

Job summary

An established industry player is seeking a Senior Risk Analyst to join their dynamic team in London. This role involves developing risk and control registers, assessing existing frameworks, and ensuring compliance with regulatory expectations. The successful candidate will collaborate with various departments to enhance risk management processes and provide insightful reports to governance committees. With a commitment to diversity and inclusion, this organization offers comprehensive training and development opportunities, making it an ideal environment for professionals looking to advance their careers in risk analysis and management.

Benefits

Comprehensive Training Opportunities

Diversity and Inclusion Programs

Qualifications

• 5+ years of relevant experience in risk analysis and management.
• Understanding of regulatory expectations and risk frameworks.

Responsibilities

• Develop and maintain risk and control registers for key risks.
• Provide insightful risk reports to governance committees.

Skills

Risk Assessment

Risk Management

Data Analysis

Regulatory Compliance

Education

Degree in Numeracy

Professional Qualification in Risk Management

Job description

Senior Risk Analyst

Starr Insurance Companies is a leading insurance and investment organization, providing commercial property and casualty insurance, including travel and accident coverage, to almost every imaginable business and industry worldwide.

Founded by Cornelius Vander Starr in Shanghai in 1919, we are now one of the world's fastest-growing insurance organizations, operating in 128 countries across 6 continents.

Roles and Responsibilities

Risk & Control Self-Assessment

• Assist the business in developing risk and control registers, supporting the identification and analysis of key risks and controls.
• Critically assess and challenge existing risk and control registers to ensure they provide value and assurance to senior management.
• Embed the quarterly RCSA attestation program.
• Collaborate with the business, Compliance, and Audit to develop and maintain testing programs validating attestations from risk and control owners.

Risk Framework

• Develop and maintain Board risk appetite statements with key metrics aligned to the risk profile of Starr's legal entities.
• Implement and monitor risk appetite breaches, ensuring appropriate actions are taken following breaches.
• Coordinate reporting on top and emerging risks, challenging management responses accordingly.
• Oversee the annual Lloyd's Principles business attestation.
• Draft and maintain risk policies and procedures related to the risk function and ERM framework.
• Ensure prompt analysis, reporting, and management of risk events, addressing root causes effectively.
• Maintain the integrity of risk data in the database system, promoting ownership and usage through training and support.
• Conduct thematic reviews of business activities posing threats or opportunities related to strategy or risk appetite.
• Support stress and scenario testing frameworks, providing analysis for ORSA and reporting processes.

Reporting

• Provide insightful, clear risk reports to governance committees and business functions, aligned with TORs.
• Coordinate the ORSA process and prepare annual ORSA reports for Starr's legal entities.

Experience

• Minimum 5 years' relevant experience.
• Understanding of regulatory expectations.
• Familiarity with London market and Lloyd's practices is preferable but not essential.

Qualifications

• Degree in numeracy or a professional qualification in numeracy or risk management is preferred.

Starr is an equal opportunity employer committed to diversity and inclusion. We offer comprehensive training and development opportunities to foster growth and excellence among our employees.