At a Glance
- Tasks: Support risk management activities and collaborate with business partners to enhance enterprise risk frameworks.
- Company: Dynamic insurance company focused on collaboration, innovation, and enabling potential.
- Benefits: Competitive salary, professional development, and a supportive team environment.
- Other info: Opportunity for growth in a vibrant and collaborative workplace.
- Why this job: Join a team that empowers others and drives meaningful change in the insurance sector.
- 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 employer: Arch Insurance (UK) Limited
At Arch Europe Insurance Services Ltd, we pride ourselves on fostering a collaborative and innovative work culture that empowers our employees to reach their full potential. As a Risk Analyst, you will benefit from comprehensive training, opportunities for professional growth, and the chance to contribute to a robust enterprise risk management framework in the dynamic London Market. Join us to be part of a team that not only values your expertise but also inspires progress within the insurance sector.
Contact Details:
Arch Insurance (UK) Limited Recruitment Team
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 risk management field, especially those who work 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 can support the development of risk registers and assist with quarterly assessments. Show us you know your stuff!
✨Tip Number 3
Don’t underestimate the power of follow-ups! After an interview, send a quick thank-you email to express your appreciation and reiterate your interest in the role. It keeps you fresh in their minds.
✨Tip Number 4
Apply through our website! We love seeing candidates who are genuinely interested in joining our team. Make sure your application reflects your passion for risk management and how you align with our values.
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 relevant experience in risk management, especially in the insurance sector. We want to see how your skills align with our needs!
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 you can contribute to our team. Keep it concise but impactful – we love a good story!
Showcase Your Communication Skills:Since strong written communication is key for this role, make sure your application is clear and well-structured. We appreciate attention to detail, so proofread for any typos or errors before hitting send!
Apply Through Our Website:We encourage you to apply directly through our website. It’s the best way for us to receive your application and ensures you’re considered for the role. Plus, it’s super easy – just a few clicks and you’re done!
How to prepare for a job interview at Arch Insurance (UK) Limited
✨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 Decision Focus or similar GRC tools, be prepared to talk about it. Share specific examples of how you've used these tools in past roles to support risk management activities.
✨Communicate Clearly and Confidently
Strong communication skills are key for this role. Practice articulating your thoughts clearly, especially when discussing complex risk concepts. This will help you stand out as a strong candidate.
✨Show Your Team Spirit
Since collaboration is a big part of the company culture, be ready to share examples of how you've worked effectively in teams. Highlight your positive mindset and commitment to supporting others in achieving their goals.
