Job Description

Job Title: Senior Risk Manager - Insurance & Financial Risk

Reports To: As per Beazley’s organisation chart

Key Relationships: Risk and Compliance, Group Actuarial (incl. Capital Modelling, Reserving and Pricing), Ceded Reinsurance, Exposure Management, Underwriting, Investments.

Job Summary: The role will deliver a broad range of risk management activities, with a particular focus on insurance and financial risk. This will involve producing risk reports and analysis (including the ORSA), providing review and challenge of first line processes, performing deep-dive reviews on specific risk areas, as well as supporting the risk team with delivering on the wider risk management framework.

This role is most likely to suit a qualified actuary who has significant experience in risk management or someone with equivalent experience, who has significant experience in risk management.

Key Responsibilities

Provide challenge of Beazley’s first line processes around insurance and financial risk, including reserving, pricing, capital modelling, business planning, underwriting, outwards reinsurance, exposure management and investments.
Produce risk reporting and opinions, including deep-dive reviews on key risks and hot topics influencing Beazley’s risk profile, to support reporting to internal and external stakeholders.
Support the delivery of the Own Risk and Solvency Assessment (ORSA) for Beazley’s various entities, particularly those sections relating to insurance and financial risk.
Support the first line in developing risk management capabilities (e.g. model risk) and facilitate the delivery of certain key submissions (e.g. CBES, IST).
Support with the development of the wider risk management framework.

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 via 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:

Essential Criteria

Risk management expertise gained within an insurance environment, to include insurance and financial risk
Knowledge of Solvency II requirements, risk management and actuarial principles
Experience in providing risk challenge to the first line and producing and presenting risk analysis to internal and external stakeholders

Education and Qualifications

• Qualified actuary preferred.

Skills and Abilities

Methodical approach to problem solving, with a high attention to detail.
Ability to act pragmatically in the face of new challenges and exercise sound judgements based on overall business needs.
Excellent interpersonal, communication skills, and ability to tailor communication to both technical and non-technical audiences.
Ability to prepare comprehensive well written reports for internal and external stakeholders.
Proven project management and organisational skills with track record of delivering projects to strict deadlines.
Results oriented, with the energy and determination to succeed in a fast-paced environment
Advanced proficiency in using Microsoft Office.

Knowledge and Experience

Experience of working as a risk actuary would be a significant advantage, with knowledge of Solvency II requirements, risk management and actuarial principles.
Experience of providing challenge across any of the following areas would be an advantage: reserving, pricing, capital modelling, business planning, underwriting, outwards reinsurance, exposure management and investments.
Interest in gaining a deeper understanding of insurance and financial risk management in the Lloyds’ / London Market.

Aptitude and Disposition

• Outcome focussed, self-motivated, agile and flexible

• Technically innovative, a problem solver and solution builder

• Professional approach to interact successfully with colleagues

• Able to work with multi-cultural and multi-location teams

• Ability to work closely in a team environment and develop productive working relationships

• Willingness to learn and achievement drive

Competencies

• Information seeking

• Problem solving

• Technical expert

• Time management

• Influencing others

• Quality focused

• Initiative

• Customer focused

• Analytical thinking

• Team working

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