At a Glance
- Tasks: Support risk management activities and develop risk registers for a leading insurance company.
- Company: Join Arch, a dynamic player in the Lloyd's and London Market insurance sector.
- Benefits: Competitive salary, professional development, and a supportive team environment.
- Other info: Collaborative culture with opportunities for training and development.
- Why this job: Make a real impact in risk management while growing your career in insurance.
- Qualifications: Degree level education and at least one year of risk management experience.
The predicted salary is between 35000 - 45000 £ per year.
Key responsibilities:
- 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.
- 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 and 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 employer: Arch Capital Group
Arch is an exceptional employer that fosters a collaborative and inclusive work culture, making it an ideal place for Risk Analysts to thrive. With a strong commitment to employee development, we offer comprehensive training and growth opportunities within the dynamic Lloyd's and London Market environment. Our focus on innovation and risk management ensures that you will be part of a forward-thinking team dedicated to excellence and integrity.
StudySmarter Expert Advice🤫
We think this is how you could land Risk Analyst
✨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.
✨Tip Number 2
Prepare for interviews by brushing up on your knowledge of risk management frameworks. Be ready to discuss how you've applied these concepts in your previous roles, and don’t forget to highlight your communication skills!
✨Tip Number 3
Showcase your GRC tool experience, especially if you’ve worked with Decision Focus. Be prepared to explain how you’ve used it to support risk assessments or improve processes in your past jobs.
✨Tip Number 4
Don’t just apply through job boards; head over to our website and submit your application directly! This way, you’ll stand out and show that you’re genuinely interested in joining our team.
We think you need these skills to ace Risk Analyst
Some tips for your application 🫡
Tailor Your CV:Make sure your CV is tailored to the Risk Analyst role. Highlight your experience in risk management, especially in the insurance sector, and showcase any relevant skills that align with our job description.
Craft a Compelling Cover Letter:Your cover letter is your chance to shine! Use it to explain why you're passionate about risk management and how your background makes you a perfect fit for our team at Arch. Don’t forget to mention your familiarity with GRC tools like Decision Focus!
Showcase Your Communication Skills:Since strong written and spoken communication skills are key for this role, make sure your application reflects that. Use clear, concise language and structure your documents well to demonstrate your ability to communicate effectively.
Apply Through Our Website:We encourage you to apply through our website for the best chance of getting noticed. It’s super easy, and you’ll be able to keep track of your application status directly!
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 that you understand the core of the role and can contribute effectively.
✨Familiarise Yourself with GRC Tools
If you have experience with Decision Focus or similar GRC tools, be ready to talk about it! Share specific examples of how you've used these tools in your previous roles to support risk management activities.
✨Prepare for Scenario-Based Questions
Expect questions that ask you to assess risk events or control failings. Think of past experiences where you identified risks and how you addressed them. This will demonstrate your analytical skills and proactive approach.
✨Showcase Your Communication Skills
Since strong written and spoken communication is key, practice articulating your thoughts clearly. You might be asked to explain complex risk concepts, so being concise and clear will set you apart from other candidates.
