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- Tasks: Support risk management activities and develop enterprise risk frameworks.
- Company: Join a collaborative company that inspires progress and innovation.
- Benefits: Competitive salary, professional development, and a supportive work environment.
- Why this job: Make a real impact in risk management while growing your career.
- Qualifications: Experience in risk management and strong communication skills required.
- Other info: Opportunity to work with cutting-edge GRC tools and AI functionalities.
The predicted salary is between 36000 - 60000 £ 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 Possibilityâ„ .
Role Summary and Purpose
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 and maintenance of the entity risk registers.
- Assist with the review of risk policies.
- Support the business risk partners in the quarterly risk assessments, controls assessments, KRI updates, and other risk management activities as required.
- Support the business risk partners with risk reviews and create initial draft content.
- 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 and remediation of risk events, control failings or weaknesses, and monitoring risk function actions. Assisting with root cause analysis, lessons learned and loss quantification.
- Perform quarterly control validation with stakeholders, reviewing supporting evidence and suggesting recommendations to control wordings.
- Support the emerging risks process by performing horizon scanning to identify new emerging risks and liaising with underwriters and other stakeholders where necessary, and review quarterly ORIC content for additional emerging risks.
- 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 leading role in the development and maintenance of the Risk Function’s GRC tool (Decision Focus), including training system users and the development of the system’s AI functionality.
Role Requirements & Skills
- Knowledge of the components of a Risk Management Framework would be preferable.
- Preferably GRC tool experience, particularly 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.
- Preferably educated to degree level.
- Studying for relevant professional exams would be preferable.
- Up to 5 years’ experience in the insurance sector, preferably in Lloyd’s or the London Market.
- At least three years of relevant Risk Management experience.
Senior Risk Analyst in London employer: Arch Capital Group
Contact Detail:
Arch Capital Group Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Senior Risk Analyst in London
✨Tip Number 1
Network like a pro! Reach out to professionals in the insurance sector, especially those with experience in Lloyd's or the London Market. Attend industry events or webinars to make connections and learn more about the role of a Senior Risk Analyst.
✨Tip Number 2
Prepare for interviews by brushing up on your knowledge of risk management frameworks and GRC tools like Decision Focus. We recommend practising common interview questions and scenarios related to risk assessments and control validations.
✨Tip Number 3
Showcase your communication skills! During interviews, be ready to discuss how you've effectively communicated risk information to stakeholders in the past. Use examples that highlight your ability to simplify complex concepts.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets noticed. Plus, it shows you’re genuinely interested in joining our team and contributing to our mission of enabling possibility.
We think you need these skills to ace Senior Risk Analyst in London
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 in the insurance sector. We want to see how your skills align with our needs, so don’t hold back on showcasing your relevant achievements!
Showcase Your Communication Skills: Since strong written communication is key for this role, ensure your application is clear, concise, and free of jargon. Use straightforward language to demonstrate your ability to convey complex information effectively – it’s a big plus for us!
Highlight Your Team Spirit: We value collaboration, so don’t forget to mention any experiences where you’ve worked as part of a team. Share examples that illustrate your positive mindset and commitment to supporting others in achieving their goals.
Apply Through Our Website: For the best chance of success, make sure to submit your application through our website. It’s the easiest way for us to keep track of your application and ensures you’re considered for the role. We can’t wait to hear from you!
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. Be ready to discuss how you've applied these principles in your previous roles, especially in the insurance sector. This will show that you understand the core of what the company is looking for.
✨Familiarise Yourself with GRC Tools
If you have experience with GRC tools like Decision Focus, highlight it! If not, do some research and be prepared to discuss how you would approach learning and using such tools. Showing initiative here can really set you apart.
✨Prepare for Scenario-Based Questions
Expect questions that ask you to analyse risk events or control failings. Think of examples from your past experience where you successfully identified risks and implemented solutions. Use the STAR method (Situation, Task, Action, Result) to structure your answers.
✨Showcase Your Communication Skills
Strong written and spoken communication skills are key for this role. Practice explaining complex risk concepts in simple terms, as you may need to present information to various stakeholders. Being clear and concise will demonstrate your ability to engage effectively with others.
