Risk Management jobs in United Kingdom

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General

Job Title: BFL ERM Risk Manager

Key Relationships: Internally: Risk Management, Internal Audit, Compliance, Risk Owners, Control Reporters, Underwriters, Claims and managers of support functions. Externally: Regulators.

Job Summary: To facilitate the efficient operation of the risk management framework.

Key Responsibilities

Risk management framework

• In line with the three lines of defence principle and the procedures described in the BFL risk management framework document, provide oversight of risk; including:
• • Support BFL's risk culture by facilitating regular risk assessments and implementing and maintaining a robust control environment that is owned and documented by the business
  • Support the annual review of BFL's risk appetite levels
  • Provide critical appraisal of the control environment impacting BFL (including risk MI) proposed by the business with reference to the agreed risk appetite and provide recommendations to business units and senior management, ensuring that it is sufficiently granular to allow appropriate risk management reporting
  • Maintain the data integrity of the BFL risk register
  • Work with the business to capture new risks relevant to BFL (including emerging risks)
• Arrange meetings with BFL risk owners and other key individuals with responsibility within the risk management framework and facilitate the quarterly risk and control assessment process.
• Prepare risk management reports reviews by senior team members for BFL committees and boards.
• Prepare risk management material for internal (e.g., lunch and learns, inductions with new stakeholders, etc.) and external presentations (e.g., Lloyd's and the PRA).
• Provide risk management induction training to relevant stakeholders.
• Ensure close collaboration with other risk team members, sharing their workload as appropriate
• Ensure clear and regular communication with internal audit (the third line of defence) related to ongoing audits and results of their work.
• Participate in project work as required.
• Build and maintain a network of external contacts, including at BFL's regulators.
• Keep abreast of market best practice and regulatory requirements.

General

It is important that within all your interactions both internally and externally you adhere Beazley's core values - Being Bold, Striving for Better, and Doing the Right Thing as they contribute to an internal environment of teamwork and promote a positive brand image and experience to our external customers." We also expect Beazley employees to:

• Comply with Beazley procedures, policies and regulations including the code of conduct
• Undertake training on Beazley policies and procedures as delivered by your line manager, the Culture & People or assurance teams (compliance, risk, internal audit) either directly, via e-learning or the learning management system
• Display business ethics that uphold the interests of all our customers
• Ensure all interactions with customers are focused on delivering a fair outcome, including having the right products for their needs
• Comply with any specific responsibilities necessary for your role as outlined by your line manager, the Culture & People or assurance teams (compliance, risk, internal audit) and ensure you keep up to date with developments in these areas. This may include, amongst others, Beazley's underwriting control standards, Beazley's claims control standards, other Beazley standards and customer relationship management
• Carry out additional responsibilities as individually notified, either through your objectives or through the learning management system. These may include membership of any Beazley committees or working groups

Personal Specification:

Education and Qualifications

• University degree
• Professional qualification advantageous

Skills and Abilities

• Strong analytical skills with attention to detail
• Stakeholder management and ability to communicate concisely at a number of levels
• Understands basic business principles and strategic drivers
• Strong interpersonal skills
• Able to communicate effectively with various stakeholders, both verbally and in writing
• Negotiation skills
• Confidence to have difficult conversations
• Team worker as well as able to work on own initiative
• General commercial and financial knowledge
• The ability to manage time, meet deadlines and prioritise
• Ability to use broad understanding of regulations to implement risk management strategies that are compliant with relevant legal requirements

Knowledge and Experience

• Comprehensive knowledge of risk management tools and disciplines as well as a firm grasp of the commercial drivers and dynamics affecting risk decisions in the insurance sector.
• Experience working in Risk Management within the Lloyd's Market
• A good understanding of the processes associated with an international insurance group, both from an operational and risk perspective.

Aptitude and Disposition

• Interested in understanding, learning and helping others
• Outcome and customer focussed, self-motivated, flexible and enthusiastic
• Professional approach to successfully interact with managers and colleagues
• Biased toward action, achievement driven, proactive
• Consistent, resilient, and entrepreneurial

Competencies

• Information seeking
• Self starter
• Achievement orientation
• Analytical thinking
• Customer focus
• Team working
• Initiative
• Using expertise
• Learning Agility
• Communication - able to tailor at multiple levels
• Integrity
• Impact and influence

Who We Are:

Beazley is a specialist insurance company with over 30 years' experience helping people, communities and businesses to manage risk all around the world. Our mission is to inspire our clients and people with the confidence and freedom to explore, create and build - to enable businesses to thrive. Our clients want to live and work freely and fully, knowing they are benefitting from the most advanced thinking in the insurance market. Our goal is to become the highest performing sustainable specialist insurer.

Our products are wide ranging, from cyber & tech insurance to marine, healthcare, financial institutions and contingency; covering risks such as the weather, film production or protection from deadly weapons.

Our Culture

We have a wonderful mix of cultures, experiences, and backgrounds at Beazley with over 2,000 of us working around the world. Employee's diversity, experience and passion allow us to keep innovating and moving forward, delivering the best. We are proud of our family-feel culture at Beazley that empowers our staff to work from when and where they want, in an adult environment that is big on collaboration, diversity of thought and personal accountability. Our three core values inspire the way we work and how we treat our people and customers.

• Be bold
• Strive for better
• Do the right thing

Upholding these values every day has enabled us to become an innovative and responsive organization in touch with the changing world around us - our ambitious inclusion & diversity and sustainability targets are testament to this.

We are a flexible and innovative employer offering a friendly, collaborative, and inclusive working environment. We actively encourage and expect applications from all backgrounds. Our commitment to fostering a supportive and dynamic workplace ensures that every employee can thrive and contribute to our collective success.

Explore a variety of networks to assist with professional and/or personal development. Our Employee

Networks include:

• Beazley RACE - Including, understanding and celebrating People of Colour
• Beazley SHE - Successful, High potential, Empowered women in insurance
• Beazley Proud - Our global LGBTQ+ community
• Beazley Wellbeing - Supporting employees with their mental wellbeing
• Beazley Families - Supporting families and parents-to-be

We encourage internal career progression at Beazley, giving you all the tools you need to drive your own career here, such as:

• Internal Pathways (helping you grow into an underwriting role)
• iLearn (our own learning & development platform)
• LinkedIn Learning
• Mentorship program
• External qualification sponsorship
• Continuing education and tuition reimbursement
• Secondment assignments

The Rewards

• The opportunity to connect and build long-lasting professional relationships while advancing your career with a growing, global organization
• Attractive base compensation and discretionary performance related annual bonus
• Private medical insurance coverage for both you and your dependents
• Company paid life assurance and long term disability insurance
• Pension with 10% employer contribution, plus a further matched contribution up to 2.5%
• 25 days of annual leave (prorated for 1st calendar year of employment), plus public holidays, with the ability to flex the religious bank holidays to suit your religious beliefs, subject to approval. Additional annual leave purchase is also available up to a maximum of five additional days per year.
• Up to 2.5 days matched paid leave for volunteering at a charity of your choice and 5 days paid leave to provide or arrange care for a dependent with a long term care need annually
• Up to £550 reimbursement towards home office setup
• Free in-office lunch and monthly lifestyle allowance
• Monthly travel allowance or annual season ticket
• The opportunity to save for, and purchase, shares of Beazley stock
• Six months fully paid parental leave, regardless of how you come to parenthood
• Company paid sabbatical up to 12 weeks after 10 years of continued service
• Support with exam/study leave and fees for relevant qualifications related to furthering education
• Smart working policy and flexible working culture, trusting our employees to do what works best for them, their role and the needs of the business

Don't meet all the requirements? At Beazley we're committed to building a diverse, inclusive, and authentic workplace. If you're excited about this role but your experience doesn't perfectly align with every requirement and qualification in the job specification, we encourage you to apply anyway. You might just be the right candidate for this, or one of our other roles.