At a Glance
- Tasks: Support risk management activities and collaborate with business partners to enhance enterprise risk frameworks.
- Company: Dynamic 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 35000 - 45000 £ 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
Arch Insurance International is an exceptional employer that fosters a collaborative and innovative work culture, empowering employees to reach their full potential. With a strong focus on professional development and a commitment to excellence, we offer meaningful opportunities for growth within the dynamic Lloyd's and London Market environment. Our supportive team atmosphere and dedication to enabling progress make Arch a rewarding place to build your career as a Risk Analyst.
StudySmarter Expert Advice🤫
We think this is how you could land Risk Analyst in London
✨Join Compliance Communities
Get involved in compliance and risk communities — both online and offline. Look for forums, LinkedIn groups, or even local meetups where compliance pros hang out. You never know who might drop a job opportunity your way!
✨Attend Industry Conferences
Keep an eye out for compliance and risk management conferences and workshops in your area. These events are a goldmine for networking, and they often have job boards or recruiters on-site looking for new talent. Plus, it’s a chance to learn what's trending in the field.
✨Leverage Your University Career Services
If you’ve recently graduated or are still studying, head over to your university's career services. Many companies, including those in compliance, actively recruit fresh talent through these services, so make sure you tap into that resource.
✨Showcase Your Knowledge Online
Start writing articles or blog posts about compliance topics that interest you. Share them on platforms like LinkedIn to demonstrate your knowledge and passion. This not only builds your presence in the field but can also catch the attention of companies like Arch looking for candidates who are engaged and informed.
We think you need these skills to ace Risk Analyst in London
Some tips for your application 🫡
Show Your Understanding of Compliance:In the compliance-risk field, it's super important to showcase your understanding of regulations and risk management frameworks. Highlight any relevant coursework, certifications (like ICA or AML), or even projects that demonstrate your knowledge and commitment to this area. We want to see how you can navigate this complex landscape!
Quantify Your Achievements:When detailing your experience, try to quantify your achievements. For example, if you've previously worked on a project that improved compliance metrics or reduced risk exposure, give us the numbers! This data-driven approach really stands out to hiring managers in compliance-risk roles.
Tailor Your CV to Reflect Relevant Skills:Make sure your CV highlights skills that are particularly relevant to compliance, like attention to detail, analytical thinking, and report writing. Ensure these are easy to spot – consider using bullet points to break down your responsibilities and achievements for maximum impact!
Craft a Motivating Cover Letter:In your cover letter, let us know why you’re excited about the compliance-risk role at Arch. Share what motivates you about compliance, and how you believe you can contribute to our mission. This is your chance to showcase not only your skills but also your passion for this important field!
How to prepare for a job interview at Arch
✨Master the Regulations
Brush up on key compliance regulations relevant to the industry you're applying to. Familiarising yourself with specific laws and frameworks used in your field will give you an edge during technical questions. Show that you’re not just aware of them but can also apply them—think real-life scenarios!
✨Show Your Analytical Skills
Compliance roles really focus on analytical skills, so be prepared for case studies or situational questions during the interview. We've got to demonstrate how we approach risk assessments or compliance audits, possibly drawing on examples from past experiences or university projects. Bring some thoughtful case scenarios to discuss!
✨Know Your Tools
Get comfortable with commonly used compliance software and tools. Familiarity with platforms like RSA or MetricStream can really impress during your interview, as it shows you're ready to hit the ground running. If you’ve had any experience with them, make sure to highlight that!
✨Align with Company Culture
Since it's a full-time position, show your long-term commitment and interest in the company’s mission and values. Dive into how your ethics and professional philosophy align with Arch’s stance on compliance. A shared vision can really resonate with interviewers looking for fit as much as skill!
