The Vacancy

The individual is a Senior Risk Consultant within the Enterprise Risk Management function at CNA Hardy. The role gives great exposure to a range of products and territories and provides the potential for further career development. The role covers three risk-bearing entities, CNA Insurance Company Limited, CNA Insurance Company Europe S.A, and Hardy Syndicate 382. The role benefits from being part of a well-established function with embedded systems and processes that have been continuously improved over time.

Key Responsibilities

Support the organisation in applying methodologies to identify, review, quantify, monitor, manage and mitigate all risks, including strategic risks, faced by the business
Play a key role in embedding the risk management framework to ensure that enterprise risk management and a strong risk culture are embedded in the CNA Hardy operations
Support the development of risk appetites and support risk owners to manage within these
Work with Risk leadership to ensure that risk owners are empowered to take responsibility for their risks, through discussion and challenge, and providing support to ensure that risks are appropriately mitigated
Lead the Risk and Control Self-Assessment (RCSA) process, ensuring the maintenance of the risk register and inventory of critical controls
Co-ordinate the Emerging Risk process, maintaining the emerging risk register
Support the business in their recording and submission of risk events, conducting root cause analysis and agreeing management actions to strengthen control environment
Co-ordinate the ORSA process and assist in the presentation of the ORSA report
Input to the process of setting regulatory capital requirements both using the Internal Model and Standard Formula calculations
Co-ordinate the production of Risk Committees and Boards reports, supporting Risk leadership in providing a clear understanding of the risk position and issues facing the firm, through appropriate reporting to help them reach informed decisions
Assist the business in improving results and managing volatility through the application of risk management techniques
Help to conduct risk reviews, ensuring that material business developments are reviewed and challenged to ensure that risk to the business are identified and appropriately mitigated
Support the purchase of the Corporate Insurances
Support other Risk-focused activities as required (e.g. Internal Model validation)

Skills, Knowledge and Experience

Good experience in an enterprise risk management role or a closely related discipline (e.g. Operational Risk Management)
Demonstrable capability to take on more senior level roles in future career steps
Excellent commercial acumen and track record of working collaboratively across insurance disciplines in a company, syndicate or consulting environment: Underwriting, Executive Management, Risk, Claims, Finance, Reinsurance
Preference for experience in commercial non-life insurance
Strong knowledge of UK and European regulatory requirement (e.g. ORSA, system of governance requirements)
Strong technical skills with deep knowledge of risk management methodologies used across the industry
Strong communicator, ability to distil complex issues into insightful management information and to deliver presentations with confidence
Good knowledge of insurance and reinsurance products
Expert IT systems skills, comfortable using Office software and data analytics tools and techniques
Educated to a minimum of degree level in a relevant field
Professional qualification relevant to risk management or to non-life insurance preferred
Minimum of seven years’ experience in enterprise risk management or a related discipline

CNA Hardy is an equal opportunity employer.

The Company

CNA Hardy is a leading specialist commercial insurance provider for clients within the Lloyd’s and company markets. We offer a highly specialised and comprehensive portfolio of innovative and market leading products. Coverage is available to businesses of all sizes for domestic, international and global exposures.

Working Here

It’s an evolving environment and a place where employees voices are heard and have numerous opportunities to make a difference.

We are dedicated to providing an open and inclusive workplace where our employees can grow and thrive.

Employees receive continuous support and development opportunities.

We support charities and are involved in community initiatives and volunteering programmes

Fixed Term Risk jobs

Senior Risk Consultant