Main Purpose
To work under the direction of more experienced members of the Risk team to assist with:
- Develop knowledge of allocated risks and emerging risks
- Support the development and implementation of Asta’s risk management framework, and supporting processes for clients, and within Asta.
- Focused on managed clients and AstaPoint risk system maintenance
- Collect and examine data, drawing out trends, exceptions and risks
- Produce draft reporting
- Develop understanding in allocated specific risks
Key Responsibilities
1 Risk management framework:
- Support the Enterprise Risk Manager in maintaining any allocated sections of the risk framework including underlying processes.
- Development, maintenance, and enhancement of the risk framework, and underlying processes.
2 Risk identification:
- Assist the identification of risks across Asta and for clients allocated to them.
- Documents the risks across Asta and in the AstaPoint software.
- Assists in running risk workshops to identify risks.
Prepare emerging risk analysis for allocated risks as required, drawing on external sources as appropriate.
3 Risk reporting:
- Preparing elements of risk reporting as requested by the Enterprise Risk Manager or Head of Risk.
- Preparing risk reports based on AstaPoint data, ensuring adequate data quality
4 Risk monitoring:
- Maintain risk register records in AstaPoint and provide for specific allocated risks.
- Conduct ad-hoc reviews as required for clients and risks.
5 Risk appetite, KRIs and risk events:
- Update and maintain KRI and risk event reporting.
- Contribute to risk appetite development, KRI measurement, and risk event reporting.
6 ORSA:
- Draft ORSA sections as required, including forward looking assessments, stress tests, reverse stress tests and risk analysis.
7 Validation
- Complete validation work as allocated by the Enterprise Risk Manager.
8 Stress & scenario testing:
- Complete stress and scenario testing as directed by the Enterprise Risk Manager.
- Document stress and scenario testing workshops.
Key personal skills
1 Communication: Excellent interpersonal and written skills that enable the job holder to build trust with senior members of Asta and the managed syndicates, and persuade them of the business benefits of an embedded enterprise-wide risk management culture
2 Credibility: Possess an enthusiasm for risk management that persuades others of its value. Potential to become confident and able to deal at senior levels within Asta and the managed syndicates to influence business leaders.
3 Integrity: The ability to take a coherent, clear approach where required.
4 Flexibility: The ability to retain a sense of perspective and recognise the occasional collision between “real world” situations and reality.
5 Personality: The ability to work both independently and within a wider team.
6 Accuracy: High level of accuracy and attention to detail
Key technical skills and professional qualifications required:
- A basic understanding of the insurance market and risk, with a basic understanding of the activities of a Lloyd’s syndicate
- A keen interest in the understanding of risk management and control concepts.
- A basic understanding of Solvency II and other regulatory requirements; an understanding of how they impact on the business desirable.
- Ability to use systems and software programs needed to perform responsibilities of the role.
- Experience of MS Office (Word Excel, PowerPoint) to an intermediate level desirable.
- Experience of the AstaPoint (Decision Focus) risk management system is desirable.
This job profile gives only outline duties. However, in an organisation such as ours, it is inevitable that tasks may arise which do not fall within the list of key tasks. Individuals are therefore required to be flexible in their approach and attitude when tasks arise which are not specifically covered in their job profile. Should an additional responsibility become a regular part of the job, the individual should agree a new job profile with their manager.
Our Values
As a Davies business, Asta aims to attract, develop, inspire and reward our people by creating
an environment in which they can perform at their very best and thrive in a culture where everyone feels they belong and has an equal opportunity to build a successful career.
Our values underpin the way we do business. How our people interact with each other, our clients and stakeholders is what makes us different. It’s also key to how our business performs and its reputation as the leading third-party managing agent at Lloyd’s.
We are connected
We are united under one mission.
We believe in our power to make a difference and that we are greater
than the sum of our parts.
We build constructive and effective working relationships, sharing knowledge and information to accomplish common goals. We work in partnership with our direct colleagues, wider Group colleagues and clients to build value and our reputation.
We are innovative
We are solution focused. We have
an entrepreneurial mindset and are empowered to discover new paths.
We work with enthusiasm and professionalism to deliver a high-quality service to our clients, consistently pushing the boundaries of what we can achieve and supporting our position as a market leader.
We are dynamic
We readily adapt to the changing environment. We strive for what’s next
and relentlessly seek more: for our business, our clients, our colleagues,
and our communities.
We seek to combine modern ways of working with traditional client and customer service values. We manage our multiple individual clients with an appreciation of differing
priorities and goals, building and evolving an efficient and flexible operating framework.
We succeed together
We support each other to grow and
value different perspectives, ideas and experiences. We make an impact in our communities.
We conduct ourselves with integrity and treat colleagues and clients fairly and with respect. We recognise and respect different points of view and are proactive in dealing with conflict and improving working relationships.
