Risk Manager

Responsibilities

The Risk Management function is responsible for ensuring that the Risk Framework Policy remains

current, effective and suitable for the risk profile of the business and is implemented in such a way

that is aligned to the company’s objectives. The Risk Management function operates as a second

line of defence to assist the business in managing and measuring risk.

Risk Management Framework: - supporting and enabling the maintenance and development of the Risk Management

Framework including assisting all areas of the business in risk awareness, knowledge and

training.

• Risks Universe, Risks Register, Controls: - ensuring that the risks universe, risks register, and corresponding controls and checklists are
  
  

up to date and reflective and consistent with the business risk profile including new and

emerging risks; and the requirements and expectations of key stakeholders.

• Risks and Controls Assessments: - coordinating, communicating and performing the risks and controls assessment cycle in
  
  

conjunction with business risk and control owners.

• Key Risk Indicators: - utilising knowledge and understanding of the business to support and enable the
  
  

development, communication, monitoring and reporting of key risk and controls indicators.

• Risk Incidents, Losses and Near Misses: - identification, investigation, and reporting of risk incidents, losses, and near misses, enabling
  
  

timely escalation, root cause analysis, lesson learned and remedial actions.

• Risk Management reporting: - supporting and enabling the preparation and coordination of materials and documentation
  
  

for internal and external stakeholder reporting including committee and working groups. - management and coordination of the monthly loss and near miss reporting process with

the business.

ORSA: - contributing to the on-going development of ORSA processes and procedures including

preparation of content and reporting in accordance with the standard, quality and timing

expected by key stakeholders.

• Internal Model, Validation and Assurance: - contributing to the review of the Operational and Group Risk components to ensure the
  
  

continuous appropriateness of the Internal Model. - undertaking qualitative validation testing including follow-up of actions and independent

validator recommendations from the previous exercise.

• Risk Management Deliverables: - supporting and enabling the delivery of Risk Management deliverables including stress and
  
  

scenario testing, sustainability/ESG incl. climate change.

Qualifications

Minimum 5 years of Risk Management experience across all key risk types in Lloyd's/London

Market.

• Educated to degree or master’s or equivalent professional qualification (Risk Management,
  
  

Insurance).

• Collaborative team player with excellent interpersonal and communication (written, verbal, and
  
  

presentational) skills.

• Proven experience of working effectively with senior management, underwriters, and other
  
  

business functional areas across insurance company operations.

• Proven experience in configuring, deploying, and managing enterprise risk management
  
  

platforms (e.g., Decision Focus) to support risk identification, assessment, and reporting.

• Proactive and efficient with strong analytical skills and an excellent attention to detail.
• Results focussed with an ability to structure assignments, set priorities and deliver under tight
  
  

deadlines.

• Sound knowledge of prudential (Lloyd’s, PRA, Solvency II/UK) requirements and good practice.
• Strong Microsoft Office skills including Excel, Word, and PowerPoint.