At a Glance
- Tasks: Support risk management framework and ensure compliance with regulatory standards.
- Company: Join AEGIS London, a dynamic and inclusive workplace.
- Benefits: Hybrid working, competitive salary, and opportunities for career advancement.
- Other info: Diverse and collaborative environment that values different perspectives.
- Why this job: Make a real impact in risk management while growing your career in a high-performing team.
- Qualifications: Experience in risk management and strong communication skills required.
The predicted salary is between 60000 - 80000 £ per year.
Time Type: Full time
Working Pattern: Hybrid
Purpose of the Role
The Risk Manager will support the Head of Risk in embedding, maintaining and continuously enhancing the Risk Management Framework across AEGIS London. This role is critical in the identification, assessment and reporting of key risks, ensuring regulatory compliance and alignment with Lloyd’s and broader regulatory expectations. The Risk Manager will provide clear, commercial and forward-looking risk oversight to support AEGIS London’s strategic objectives. This role sits with the second line of defence Risk Management function. This is a great opportunity for someone with demonstrable experience in the field/sector to further advance their career within a high performing syndicate and growing team.
Risk Management Framework
- Support the Head of Risk in maintaining and enhancing the Risk Management Framework, including promoting risk awareness, delivering training and supporting risk ownership across the business.
Risk Management Reporting
- Support the preparation, coordination and delivery of high-quality reporting and documentation for internal and external stakeholders, including committees and working groups.
Risk and Control Registers
- Ensure that the risks register and associated control documentation remain current, accurate and aligned with the business risk profile, including new and emerging risks; and other stakeholder requirements.
RCSA Process
- Facilitate a robust Risk and Control Self-Assessment (RCSA) process across business functions, ensuring risks and key controls are appropriately assessed, documented and tested.
Risk Event Management
- Lead the risk event reporting process with the business and work closely with the business to ensure incidents are captured, assessed and monitored.
Risk policies
- Support the Head of Risk in maintaining and updating risk policies and procedures.
Risk Appetite and Key Risk Indicators
- Support the development, communication, monitoring and ongoing refinement of risk appetite limits, tolerances, and key risk and control indicators.
Emerging Risks and Opportunities
- Contribute to the emerging risk identification process, ensuring outputs are integrated into the wider Risk Management Framework (This will include leading deep dive assessments).
Operational Risk Scenario Analysis
- Embed and manage the operational risk scenario assessment process, ensuring effective stress testing and scenario analysis to support the internal model.
Stress and Scenario Testing
- Support the on‑going design, review, reporting of stress and scenario testing across the business.
Own Risk and Solvency Assessment (ORSA)
- Manage the on‑going development and execution of ORSA processes and procedures, ensuring timely and high‑quality reporting that meets stakeholder expectations.
Internal Model, Validation and Assurance
- Support governance of the internal model, ensuring that validation activities are designed, planned and executed in line with Lloyd’s standards and regulatory expectations. Ensure that model changes are managed and validated appropriately. Conduct aspects of technical validation testing and reporting on validation and assurance of internal and external models used for risk, capital and solvency assessment, ensuring their ongoing appropriateness. Complete non‑technical validation testing, including the follow‑up and closure of actions and recommendations from internal and independent validation exercises.
Regulatory Oversight
- Ensure compliance with UK (Lloyd’s, PRA, FCA) risk management requirements. Support delivery of the Lloyd’s Principles Assessment process across AEGIS London. Support the Chief Risk and Compliance Officer and Head of Risk in managing effective engagement with regulators, ensuring clear and accurate communication on risk related matters.
Skills, Knowledge and Experience
The successful candidate will have/be:
- Demonstrable Risk Management experience covering key risk types in Lloyd's/London Market.
- A strong team player with excellent interpersonal and communication (written, verbal, and presentational).
- Demonstrate proven experience of working effectively with senior management, underwriting teams and business functions across insurance company operations.
- Proactive, highly organised and efficient, with strong analytical skills and exceptional attention to detail.
- Results‑focused, able to structure work effectively, set priorities and deliver to tight deadlines.
- Solid working knowledge of prudential regulatory requirements (Lloyd’s, PRA, Solvency UK/ SII) and associated good practice.
- Proficiency in Microsoft Office, and comfortable working with a range of systems, data sources and reporting tools.
Equal Opportunities
AEGIS London is an equal opportunities employer and recognises the value of a diverse workforce in facilitating better decision making and business growth. We encourage a variety of differing views, perspectives and insights to create a collaborative working environment. Diversity and Inclusion are fundamental to our business and we encourage applications from all backgrounds recognising the diversity of society and our customers.
Risk Manager employer: AEGIS Managing Agency Limited
AEGIS London is an exceptional employer that fosters a collaborative and inclusive work culture, making it an ideal place for a Risk Manager to thrive. With a strong commitment to employee growth, AEGIS offers opportunities for professional development within a high-performing team, while also ensuring a healthy work-life balance through its hybrid working pattern. The company values diversity and encourages innovative thinking, providing a supportive environment where employees can contribute meaningfully to the organisation's strategic objectives.
Contact Details:
AEGIS Managing Agency Limited Recruitment Team
StudySmarter Expert Advice🤫
We think this is how you could land Risk Manager
✨Tip Number 1
Network like a pro! Reach out to your connections in the industry, attend events, and engage on platforms like LinkedIn. We all know that sometimes it’s not just what you know, but who you know that can help you land that Risk Manager role.
✨Tip Number 2
Prepare for interviews by researching AEGIS London and understanding their Risk Management Framework. We suggest practising common interview questions and tailoring your answers to highlight your experience in risk management and regulatory compliance.
✨Tip Number 3
Showcase your skills! Bring along examples of your previous work in risk assessment and reporting. We recommend creating a portfolio or presentation that demonstrates your analytical skills and attention to detail, which are crucial for this role.
✨Tip Number 4
Don’t forget to follow up after your interview! A quick thank-you email can go a long way in showing your enthusiasm for the position. We believe that keeping the lines of communication open can help you stand out from other candidates.
We think you need these skills to ace Risk Manager
Some tips for your application 🫡
Tailor Your Application:Make sure to customise your CV and cover letter to highlight your experience in risk management, especially within the Lloyd's/London Market. We want to see how your skills align with the role of Risk Manager at AEGIS London.
Showcase Your Communication Skills:Since this role involves a lot of reporting and collaboration, emphasise your written and verbal communication skills. Share examples of how you've effectively communicated complex risk information to stakeholders in the past.
Highlight Your Analytical Abilities:We’re looking for someone with strong analytical skills. Include specific instances where you’ve used data to assess risks or improve processes. This will show us that you can handle the analytical demands of the role.
Apply Through Our Website:Don’t forget to submit your application through our website! It’s the best way for us to receive your details and ensure you’re considered for the position. Plus, it makes the whole process smoother for everyone involved.
How to prepare for a job interview at AEGIS Managing Agency Limited
✨Know Your Risk Management Framework
Before the interview, make sure you thoroughly understand the Risk Management Framework relevant to AEGIS London. Familiarise yourself with key concepts and recent developments in risk management, especially those related to Lloyd's and regulatory compliance. This will help you demonstrate your expertise and show that you're proactive about staying informed.
✨Prepare for Scenario-Based Questions
Expect to face scenario-based questions that assess your problem-solving skills in risk management. Think of specific examples from your past experience where you've identified, assessed, or mitigated risks. Be ready to discuss how you would handle emerging risks and operational scenarios, as this will showcase your analytical skills and strategic thinking.
✨Showcase Your Communication Skills
As a Risk Manager, you'll need to communicate complex information clearly to various stakeholders. Practice articulating your thoughts on risk oversight and reporting in a concise manner. Consider preparing a brief presentation or summary of a past project that highlights your ability to convey important information effectively.
✨Demonstrate Team Collaboration
Highlight your experience working with senior management and cross-functional teams. Be prepared to discuss how you've fostered collaboration in previous roles, particularly in relation to risk ownership and training. This will show that you’re not just a lone wolf but a team player who can drive risk awareness across the business.
