At a Glance
- Tasks: Support risk management activities and collaborate with business partners to enhance enterprise risk frameworks.
- Company: Join a collaborative and innovative company that empowers progress and inspires potential.
- Benefits: Gain valuable experience in risk management within a supportive team environment.
- Other info: Opportunities for professional growth and development in the insurance sector.
- Why this job: Be part of a dynamic team solving complex problems and making a real impact.
- Qualifications: Degree level education and at least one year of risk management experience preferred.
The predicted salary is between 30000 - 40000 £ per year.
With a company culture rooted in collaboration, expertise and innovation, we aim to promote progress and inspire our clients, employees, investors and communities to achieve their greatest potential. Our work is the catalyst that helps others achieve their goals. In short, We Enable Possibility℠.
The main purpose of the role is to support the Risk Function’s business risk partners to ensure the operation of an effective and robust enterprise risk management framework across Arch’s Lloyd’s, London Market and UK P&C businesses.
Key tasks and responsibilities:
- Support in the ongoing development of the entity risk registers.
- Assist with the review of risk policies.
- Support the business risk partners in the quarterly risk assessments, risk reviews, controls assessments, KRI updates, and other risk management activities as required.
- Provide support to ensure that the ORSA process is undertaken in accordance with the ORSA Policy, including collation of information and preparation of the ORSA reports.
- Assist in the investigation of risk events, control failings or weaknesses, and monitoring risk function actions.
- Support the emerging risks process.
- Assist in preparing risk and control information for internal and external audiences including relevant Committees and the Board.
- Provide risk management training, and ongoing support, to stakeholders.
- Play a key role in the development and maintenance of the Risk Function’s GRC tool (Decision Focus), including training system users.
Skills / Competencies:
- Knowledge of the components of a Risk Management Framework would be preferable.
- GRC tool experience, preferably Decision Focus.
- Strong written and spoken communication skills.
- Ability to prioritise and challenge.
- Must be aligned with Arch’s values and behaviours, including being a committed team player and having a positive mindset.
Qualifications:
- Preferably educated to degree level.
Experience:
- At least one year of Risk Management experience in the insurance sector, preferably in Lloyd’s or the London Market.
Risk Analyst in London employer: Arch Capital Group
At Arch, we pride ourselves on fostering a collaborative and innovative work culture that empowers our employees to reach their full potential. As a Risk Analyst in the heart of London, you will benefit from extensive professional development opportunities, a supportive team environment, and the chance to contribute to meaningful projects that drive progress in the insurance sector. Join us to be part of a company that truly values your expertise and encourages growth while enabling possibility for our clients and communities.
StudySmarter Expert Advice🤫
We think this is how you could land Risk Analyst in London
✨Tip Number 1
Network like a pro! Reach out to current employees at Arch or in the insurance sector. A friendly chat can give you insider info and might just land you a referral.
✨Tip Number 2
Prepare for interviews by practising common risk management scenarios. Think about how you'd handle specific challenges and be ready to share your thought process.
✨Tip Number 3
Show off your skills! If you have experience with GRC tools like Decision Focus, make sure to highlight that in conversations. It’s a great way to stand out!
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets noticed and shows you’re serious about joining the team.
We think you need these skills to ace Risk Analyst in London
Some tips for your application 🫡
Tailor Your Application:Make sure to customise your CV and cover letter for the Risk Analyst role. Highlight your relevant experience in risk management and any specific tools you've used, like Decision Focus. We want to see how you can contribute to our team!
Showcase Your Communication Skills:Since strong written and spoken communication skills are key for this role, don’t shy away from demonstrating these in your application. Use clear, concise language and make sure your documents are well-structured. We love a good communicator!
Highlight Your Team Spirit:We’re all about collaboration here at Arch, so be sure to mention any experiences where you’ve worked effectively in a team. Share examples that show your positive mindset and commitment to teamwork. It’s what we value most!
Apply Through Our Website:To make sure your application gets the attention it deserves, apply directly through our website. It’s the best way for us to receive your details and keep track of your application. Plus, it shows you’re keen on joining our team!
How to prepare for a job interview at Arch Capital Group
✨Know Your Risk Management Framework
Make sure you brush up on the components of a Risk Management Framework. Being able to discuss how these elements work together will show your understanding and readiness for the role.
✨Familiarise Yourself with GRC Tools
If you have experience with GRC tools, especially Decision Focus, be prepared to talk about it. Share specific examples of how you've used such tools in past roles to enhance risk management processes.
✨Prepare for Scenario-Based Questions
Expect questions that ask you to solve complex business problems or assess risk scenarios. Practise articulating your thought process clearly, as this will demonstrate your analytical skills and innovative mindset.
✨Showcase Your Communication Skills
Since strong written and spoken communication is key, think of examples where you've effectively communicated risk information to different audiences. This will highlight your ability to engage stakeholders and support the risk function.
