Job Description :
The main purpose of this role will be to assist the Head of Risk in ensuring the effective design and operation of the Risk Management Framework and supporting risk analysis and reporting in addition to the supervision of junior team members, including graduate cycle.

Specific duties as follows:

To assist in the review of the effectiveness of the design and performance of activities and processes undertaken by the business to identify, measure, monitor, manage and report on risk exposures and internal controls (i.e the RMF);

To assist in the review of the effectiveness of the methodologies adopted by the business to measure and model risk exposures, including the adequacy of stress and scenario analysis;

To assist in reviewing the design and performance of the Risk Appetite Framework;

To support and challenge the business in the development of Key Risk Indicators or Risk Metrics and to ensure they are embedded within the business;

To assist in the facilitation and operation of the Emerging Risk Group and review or analysis of emerging risk issues including risk cause and correlation analysis;

To assist in the facilitation of the performance of Reverse Stress Testing;

To assist in the review of risk management activities and to ensure that they conform to Solvency II Standards and Lloyd’s Minimum Standards for Risk Management;

To assist in the review the design and performance of the Internal Control Policy and the supporting Internal Control Framework, including the self-certification process;

To assist in the review, assessment and escalation of the limitations in risk management and risk modelling processes and results;

To assist through working closely with Capital Modelling and the business to ensure the integrated use of the Internal Model in risk management processes;

To assist in the production of the ORSA reports, including analysis of risk exposures and risk profile and stressed conditions;

To develop good working relationships and to work closely with members of the Capital Modelling function on the above items where relevant;

To ensure adherence to the controls and processes operated by the risk management function; and

To assist the business in meeting and monitoring Lloyd’s Minimum Standards for Risk Management across all syndicates, including Third Party Syndicates.

Applicants should possess strong communication and analytical skills, be degree educated, from a audit or risk management background within the insurance industry.
Ideally you will possess strong Operational and Financial risk management experience with Lloyd’s Managing Agency experience, be a member of AIRMIC and / or IRM and have an awareness of Lloyd’s and FSA regulations