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- 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: Competitive salary, professional development, and a supportive team environment.
- Why this job: Make a real impact by solving complex business problems in the insurance sector.
- Qualifications: Degree level education and experience in risk management preferred.
- Other info: Dynamic role with opportunities for growth and learning in a leading insurance firm.
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 PossibilitySM.
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.
Qualifications
- Preferably educated to degree level.
- Studying for relevant professional exams would be preferable.
Experience
- 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.
Do you like solving complex business problems, working with talented colleagues and have an innovative mindset? Arch may be a great fit for you.
Senior Risk Analyst in London employer: Arch
Contact Detail:
Arch 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 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 Senior Risk Analyst in London
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the Senior 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 your skills align with what we're looking for!
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 that showcases your expertise.
Showcase Your Communication Skills: Strong written communication is key for this role. Make sure your application is clear, well-structured, and free of jargon. We appreciate straightforward language that gets to the point while still sounding professional.
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, you’ll get to explore more about our company culture and values!
How to prepare for a job interview at Arch
✨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 role entails.
✨Showcase Your Communication Skills
Since strong written and spoken communication skills are key for this position, prepare examples of how you've effectively communicated complex risk information to various stakeholders. Practise articulating your thoughts clearly and confidently during the interview.
✨Demonstrate Your Problem-Solving Abilities
Be prepared to discuss specific instances where you've solved complex business problems. Highlight your innovative mindset and how it has led to successful outcomes in your previous roles. This will resonate well with the company's focus on enabling progress.
✨Familiarise Yourself with GRC Tools
If you have experience with GRC tools like Decision Focus, make sure to mention it. If not, do some research on how these tools function and their importance in risk management. Showing that you're proactive about learning can set you apart from other candidates.
