Responsibilities
The Risk Management function is responsible for ensuring that the Risk Framework Policy remains current, effective and suitable for the risk profile of the business and is implemented in such a way that is aligned to the company’s objectives. The Risk Management function operates as a second line of defence to assist the business in managing and measuring risk.
To support and work with the Risk Manager, Head of Risk Management and Chief Risk Officer on the following:
Risk Management Framework: maintaining and developing the Risk Management Framework including assisting all areas of the business in risk awareness, knowledge and training.
Risks Universe and Risks Register: ensuring that the risks universe, risks register and corresponding controls and checklists are up to date and reflective and consistent with the business risk profile including new and emerging risks and Sustainability/ESG incl. climate risk; and the requirements and expectations of key stakeholders.
Risk Management reporting and Risk Incidents: supporting and enabling the preparation and coordination of materials and documentation for internal and external stakeholder reporting including committee and working groups.
Risks and Controls Assessments: coordinating, communicating and performing the risks and controls assessment cycle in conjunction with business risk and control owners.
Risk Appetite and Key Risk Indicators: preparing, developing, communicating and monitoring risk appetite limits and tolerances, and key risk and controls indicators.
ORSA: contributing to the on-going performance and development of ORSA processes and procedures.
Internal Model, Validation and Assurance, Stress and Scenario Testing: supporting testing and reporting for risk, capital and solvency assessment
Qualifications
Minimum 2 years’ experience of key risk types in Lloyd's/London Market. Educated to degree or equivalent professional qualification (Risk Management, Insurance). Team player with strong interpersonal and communication (written, verbal, and presentational) skills. Proactive and efficient with strong analytical skills and an excellent attention to detail. Results focussed, able to manage priorities and deliver under tight deadlines. Knowledge of prudential (Lloyd’s, PRA, Solvency II/Solvency UK) requirements and good practice. Enterprise risk management platforms (e.g., Decision Focus). Microsoft Office skills including M365, Teams, Copilot, Excel, Word, and PowerPoint.
