Risk Analyst

  • Location

    City of London

  • Sector:

    General Insurance

  • Job type:

    Permanent

  • Salary:

    £35000.00 - £45000.00 per annum

  • Contact:

    Teri Mortier

  • Contact email:

    tmortier@mbfitzgerald.co.uk

  • Job ref:

    BBBH3389_1641824932

  • Published:

    8 days ago

  • Expiry date:

    2022-02-09

  • Startdate:

    ASAP

  • Consultant:

    Teri Mortier

Role: Risk Analyst

A great opportunity to join this established Lloyd's Syndicate within the risk management team which is part of the Actuarial and Risk Department managed by the Chief Risk Officer/Chief Actuary. The team is responsible for the design, implementation and operation of the risk management framework Company.

Key responsibilities include managing the quarterly risk and control self-assessment process, co-ordinating and reporting the Own Risk and Solvency Assessment (ORSA) process and overseeing Lloyd's exposure management reporting requirements.

Purpose of role

  • To support the UK Head of Risk in carrying out the responsibilities of the risk management team across all the team's activities.

Main areas of responsibility

  • To support the quarterly risk and control self-assessment process, including:
    • Maintaining and updating business risk registers, which are recorded and managed using Magique risk management software;
    • Co-ordinating the quarterly assessment process across the business, including review and monitoring of Key Risk Indicators;
    • Accurate and timely reporting of data;
    • Maintaining the Magique system, and acting as point of contact for business users.
  • To contribute to the ongoing development of Exposure Management framework, including the improvement of data collection and data analysis. This will involve working with the underwriting teams.
  • To support the Lloyd's Realistic Disaster Scenario exercises, including co-ordination of the data gathering process, collation of results and reporting to Lloyd's.
  • To support the annual review of risks, controls and Key Risk Indicators in line with business strategy.
  • To support the incident reporting process.
  • To contribute towards wider stress testing framework, including scenario development and analysis.
  • To support the quarterly/annual risk management and ORSA reporting processes.
  • To assist with the organisation and production of papers for the internal management groups, risk management group and the Board Risk Management Committee.
  • To support continuous improvement of the risk management framework, including improvements to reporting and development of Magique functionality.
  • To support risk management training and the embedding of risk culture throughout the business.

Core attributes

  • A team player who is able to work in a co-operative environment, and engages effectively with others;
  • Is highly self-motivated with the ability to work independently;
  • Produces consistently high standard of results with strong attention to detail;
  • Has strong organisational and time management skills;
  • Flexible in adjusting priorities and agility in delivering performance;
  • Communicates well both verbally and written;
  • Willingness to learn, develop and take on responsibilities within an active risk management team.

Technical expertise

  • Understanding of risk management/exposure management principles and application.
  • Intermediate to advanced IT skills, including MS Office suite.
  • Good analytical and data management skills.
  • Experience of R and data visualisation tools, e.g. Tableau, is desirable but not a requirement.

Education and experience

  • 2: 1 or higher degree.