At a Glance
- Tasks: Lead insurance risk management and enhance risk strategies at a global market leader.
- Company: Join Talbot, a top player in the insurance industry with a focus on innovation.
- Benefits: Comprehensive benefits package for health, wellbeing, and professional growth.
- Other info: Equal opportunity employer committed to inclusivity and support for all applicants.
- Why this job: Make a significant impact in risk management while advancing your career.
- Qualifications: Extensive experience in insurance risk management and strong leadership skills required.
The predicted salary is between 80000 - 100000 € per year.
Join us as Head of Insurance Risk to take your career to the next level with a global market leader.
About Talbot
Talbot is the managing agent of Syndicates 1183, 2019, 2478 and 2479 at Lloyd’s, underwriting a range of business lines including war, terrorism, energy, marine, cyber, political risk, crisis management and property.
What You’ll Do
This is a senior leader role with a quantitative risk background that provides oversight and challenge across all insurance risks and leads internal model validation activities.
Key Responsibilities
- Lead the insurance risk sub-team;
- Continue the enhancement of Risk Management across Talbot, ensuring consistency with the Group’s ERM framework, with specific focus on insurance risk;
- Provide second line challenge of underwriting, reserving, pricing, exposure management, capital modelling and reinsurance;
- Lead the quarterly reporting cycle for insurance risks, providing risk expertise and challenge;
- Oversight and enhancement of risk appetite for insurance risks, including catastrophe, underwriting and reserve risk;
- Identify and assess the key risks to the achievability of Talbot’s business plans;
- Carry out risk assessments and deep dives of underwriting classes and other insurance risks;
- Oversight of stress and scenario testing and reverse stress testing;
- Lead the production of the quantitative elements of the Own Risk and Solvency Assessment Reports;
- Accountable for the validation of Talbot’s Internal Models, including planning the validation cycle, execution and review of validation testing and findings and presentation of findings to the relevant committees;
- Oversight of annual Board and Regulatory Internal Model validation reports;
- Oversight of material expert judgements and associated documentation;
- Remain up-to-date with industry and Lloyd’s Internal Model validation standards;
- Represent the Risk Management team at Internal Model Governance Committee;
- In collaboration with the Capital Modelling team, support the ongoing development and use of the Internal Model.
Qualifications
- Extensive insurance risk management, actuarial or capital modelling experience from an insurer or a consultancy;
- Qualified actuary with internal model validation experience;
- Self-starter with strong communication skills;
- Strong financial analysis and data interpretation skills;
- Skilled at presenting complex risk information to senior stakeholders;
- Strong leadership presence, with ability to build relationships with senior management.
Benefits
Our Total Rewards Program offers a comprehensive benefits package focused on health, wellbeing, financial security and professional development, designed to bring peace of mind to you and your family.
Equal Opportunity & Accommodations
AIG provides equal opportunity to all qualified individuals regardless of race, color, religion, age, gender, gender expression, national origin, veteran status, disability or any other legally protected category. AIG is committed to working with and providing reasonable accommodations to job applicants and employees with disabilities.
Talbot Head of Insurance Risk in London employer: AIG
At Talbot, we pride ourselves on being a global market leader in insurance risk management, offering a dynamic work environment that fosters professional growth and development. Our comprehensive benefits package prioritises your health, wellbeing, and financial security, while our inclusive culture encourages collaboration and innovation. Join us in London, where you will have the opportunity to lead a talented team and make a significant impact within the insurance industry.
StudySmarter Expert Advice🤫
We think this is how you could land Talbot Head of Insurance Risk in London
✨Network Like a Pro
Get out there and connect with people in the insurance risk field. Attend industry events, join relevant online forums, and don’t be shy about reaching out on LinkedIn. We all know that sometimes it’s not just what you know, but who you know!
✨Showcase Your Expertise
When you get the chance to chat with potential employers, make sure to highlight your quantitative risk background and any relevant experience. We want to see how you can lead and enhance risk management at Talbot, so don’t hold back on sharing your achievements!
✨Prepare for the Interview
Do your homework on Talbot and the specific challenges they face in insurance risk. We recommend preparing some insightful questions that show you’re genuinely interested in the role and ready to contribute to their goals. It’ll set you apart from the crowd!
✨Apply Through Our Website
Don’t forget to apply directly through our website! It’s the best way to ensure your application gets seen by the right people. Plus, we love seeing candidates who take the initiative to engage with us directly.
We think you need these skills to ace Talbot Head of Insurance Risk in London
Some tips for your application 🫡
Tailor Your CV:Make sure your CV is tailored to the Head of Insurance Risk role. Highlight your quantitative risk background and any relevant experience in insurance risk management, as this will show us you’re a perfect fit for the position.
Craft a Compelling Cover Letter:Your cover letter should tell us why you’re passionate about this role at Talbot. Share specific examples of your leadership experience and how you've enhanced risk management in previous roles to grab our attention.
Showcase Your Communication Skills:Since strong communication skills are key for this role, make sure your application reflects your ability to present complex information clearly. Use straightforward language and structure your thoughts logically to impress us.
Apply Through Our Website:We encourage you to apply through our website for a smoother application process. This way, you’ll ensure your application reaches the right hands and you won’t miss out on any important updates from us!
How to prepare for a job interview at AIG
✨Know Your Numbers
As a candidate for the Head of Insurance Risk, you’ll need to demonstrate your quantitative skills. Brush up on key metrics related to risk management, capital modelling, and underwriting. Be ready to discuss how you've used data to drive decisions in your previous roles.
✨Showcase Your Leadership Skills
This role requires strong leadership presence. Prepare examples of how you've led teams or projects in the past, particularly in challenging situations. Highlight your ability to build relationships with senior management and how you’ve influenced decision-making.
✨Understand Talbot's Risk Framework
Familiarise yourself with Talbot’s ERM framework and their approach to insurance risk. Being able to discuss how your experience aligns with their practices will show that you’re not just a fit for the role, but also for the company culture.
✨Prepare for Technical Questions
Expect technical questions around internal model validation and risk assessments. Review the latest industry standards and be prepared to discuss how you would approach stress testing and scenario analysis. This will demonstrate your expertise and readiness for the role.
