Senior Risk Analyst

Job Locations UK-Swansea | UK-London
Job Post Information* : Posted Date 1 month ago(21/10/2021 10:53)
Job ID
2021-1062
# of Openings
1
Category
Actuarial

Overview

Are you an experienced Risk Analyst looking for a new challenge in a fast moving (re)insurance business?

 

As a key member of the Risk Management Team, the Senior Risk Analyst is expected to assist the Risk Manager with the developing, leading and maintaining an effective risk management framework across the Managing Agency (IQUW Syndicate Management Limited) and with ensuring that Lloyd's and Solvency II requirements are being met.

 

The role requires insurance industry experience of specialist lines in the Lloyd’s market, in a relevant position in one of the following functions: Risk Management, Internal Audit or in a specific Solvency II role.

 

The location for this position is our London office, we are currently trailing different patterns of home and office working to determine to optimum working arrangements for the future. During the trial period the classification of this role is Home Primary. Typically this has entailed two days in the office and three days working from home.

 

Reporting to the Risk Manager your primary responsibilities in the role will be:

  • Plan and coordinate the collation of information for the Own Risk and Solvency Assessment (ORSA) report and support the Head of Risk in producing the final report
  • Coordinate Risk and Control Self-assessment, collate and validate risk and controls information from the business, update sections of the Risk Register
  • Coordinate the business to implement effective controls and ensure actions are followed up to address control weaknesses identified
  • Own the Risk Event reporting and maintaining the Risk Event Log. Ensure that root cause analysis has been carried out and follow up the agreed actions
  • Coordinate the annual update of the Risk Appetite Statement; prepare the quarterly monitoring reports, provide challenge of the RAG ratings, agree the actions to improve the ratings
  • Support the Risk Manager in the planning and coordination of the Internal Model Validation process
  • Perform validation of certain components of the Internal Model and draft sections of the Validation report under the guidance of the Risk Manager
  • Provide proactive Risk Management support and advice for major initiatives and projects


We’d like to hear from you if you have experience of:

  • Working in the insurance industry (or financial institution) with senior management exposure
  • Risk, Audit or Solvency 2 implementation with an insurance company or consultancy
  • Documenting processes, risks and controls
  • Developing and producing Risk / Control or MI reports

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