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- Tasks: Join our Risk Management team to assess and prioritize risks while developing mitigation strategies.
- Company: Be part of a growing (re)insurance group with a Lloyd’s Syndicate and MGA platform.
- Benefits: Enjoy a dynamic work environment with opportunities for professional growth and development.
- Why this job: Perfect for curious minds eager to dive deep into the insurance world and make an impact.
- Qualifications: 3+ years in risk management, strong analytical skills, and excellent communication abilities required.
- Other info: Experience in the Lloyd’s market is a plus, but not essential.
The predicted salary is between 43200 - 72000 £ per year.
POSITION: Risk Analyst
ASSIGNMENT NO: 28360
LOCATION: London
Main purpose of job:
I am seeking an experienced Risk Analyst to join their Risk Management team. The primary purpose of this role is to support the Chief Risk Officer and the wider team in enhancing and evolving the risk management framework across their growing (re)insurance group, which includes a Lloyd’s Syndicate and MGA platform.
The successful candidate will work closely with all areas of the group to deliver a comprehensive risk profile, presenting an opportunity to develop a deep and broad knowledge of the business. This role is ideal for an agile and curious individual who is passionate about understanding the intricacies of an insurance organisation.
Key tasks / focus:
- Risk Assessment Support: Assist in identifying, assessing, and prioritising risks across the organisation. Contribute to the development of risk mitigation strategies
- ERM Framework Assistance: Support the implementation and maintenance of the Enterprise Risk Management (ERM) framework. Ensure alignment with regulatory requirements and industry best practices
- Internal Model Validation: Assist in the internal model validation process, providing support and insights to ensure accuracy and compliance
- Policy and Procedure Development: Help develop and update risk management policies and procedures. Ensure they are up-to-date and compliant with regulatory requirements
- Reporting: Prepare and present risk reports to senior management. Provide insights and recommendations based on risk assessments
- Stakeholder Collaboration: Work closely with various departments to ensure a comprehensive approach to risk management. Engage with external stakeholders as needed
- Deep Dives / thematic reviews: Contribute or lead aspects of in-depth reviews of specific risk areas to uncover underlying issues and opportunities for improvement. Provide detailed analysis and actionable recommendations
Key personal skills required:
- Role works across the entire organisation, at all levels. A proven experience of working in teams with strong interpersonal skills and the ability to create and develop excellent relationships will be paramount
- Intellectual curiosity, with strong analytical and problem solving skills
- Demonstrable experience of operating within a varied and busy Risk Management environment
- Excellent written and verbal communication skills, focusing on precision and accuracy
- Ability to adapt to changing priorities, and structure work to meet internal requirements
Desired technical skills, knowledge and professional qualifications:
- Experience in the Lloyd’s market is advantageous but not essential
- Self-management identifying specific activities of the role in context of the business\’s goals and what it\’s trying to achieve. Successfully directing work towards these objectives – prioritising duties, working well under pressure, and managing time effectively – demonstrating flexibility and trustworthiness
- Strong communication skills to effectively manage internal stakeholders of all levels
- Experience in managing GRC systems, enhancements or implementations
- Understanding of the risk profiles their products have, incl. how these are monitored and managed
- Possibly around 3+ years relevant industry experience
Compliance Responsibilities:
- Ensure compliance with company and other relevant standards and regulations
- Ensure compliance with relevant PRA and FCA conducts rules
Risk Analyst employer: The Emerald Group Ltd, Search and Selection
Contact Detail:
The Emerald Group Ltd, Search and Selection Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Risk Analyst
✨Tip Number 1
Familiarize yourself with the Lloyd's market and its unique risk management practices. Understanding the intricacies of this environment will give you a competitive edge during interviews.
✨Tip Number 2
Network with professionals in the risk management field, especially those who have experience in (re)insurance. Attend industry events or webinars to make connections that could lead to job opportunities.
✨Tip Number 3
Stay updated on the latest regulatory requirements and best practices in risk management. This knowledge will not only help you in your role but also demonstrate your commitment to the field during discussions with potential employers.
✨Tip Number 4
Prepare to discuss specific examples of how you've contributed to risk assessment and mitigation strategies in previous roles. Being able to articulate your hands-on experience will set you apart from other candidates.
We think you need these skills to ace Risk Analyst
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in risk management, particularly any roles that involved risk assessment, ERM frameworks, or internal model validation. Use specific examples to demonstrate your analytical skills and problem-solving abilities.
Craft a Compelling Cover Letter: In your cover letter, express your passion for risk management and your understanding of the insurance industry. Mention how your skills align with the key tasks outlined in the job description, such as stakeholder collaboration and policy development.
Highlight Communication Skills: Since excellent written and verbal communication skills are crucial for this role, provide examples in your application that showcase your ability to prepare reports and present findings to senior management.
Showcase Adaptability: Demonstrate your ability to adapt to changing priorities by including examples from your previous work experiences where you successfully managed multiple tasks or projects under pressure.
How to prepare for a job interview at The Emerald Group Ltd, Search and Selection
✨Show Your Analytical Skills
As a Risk Analyst, your analytical abilities are crucial. Be prepared to discuss specific examples of how you've identified and assessed risks in previous roles. Highlight your problem-solving skills and how you've contributed to risk mitigation strategies.
✨Understand the ERM Framework
Familiarize yourself with Enterprise Risk Management (ERM) frameworks and be ready to discuss how you can support their implementation. Mention any experience you have with regulatory requirements and industry best practices, as this will demonstrate your knowledge and readiness for the role.
✨Communicate Clearly
Excellent communication skills are essential for this position. Practice articulating complex risk concepts in a clear and concise manner. Be prepared to present risk reports or findings from past experiences, showcasing your ability to convey insights effectively to senior management.
✨Demonstrate Stakeholder Collaboration
This role requires collaboration across various departments. Share examples of how you've successfully worked with different teams or external stakeholders in the past. Emphasize your interpersonal skills and ability to build strong relationships, which are key to effective risk management.
