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: Join a vibrant team with opportunities for career advancement and personal growth.
- Why this job: Make a real impact in risk management while growing your skills in a collaborative setting.
- Qualifications: Degree level education and at least one year of experience in risk management.
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 employer: Arch
At Arch Insurance, 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 and development opportunities, ensuring your growth within the dynamic insurance sector in London. Join us in enabling possibility while enjoying a supportive environment that values teamwork and excellence.
StudySmarter Expert Advice🤫
We think this is how you could land Risk Analyst
✨Tip Number 1
Network like a pro! Reach out to folks in the industry, especially those already working in risk management. A friendly chat can open doors and give you insights that job descriptions just can't.
✨Tip Number 2
Prepare for interviews by brushing up on your knowledge of risk management frameworks. Be ready to discuss how you've tackled challenges in past roles, and don’t forget to highlight your teamwork skills!
✨Tip Number 3
Showcase your GRC tool experience! If you've worked with Decision Focus or similar tools, make sure to mention it during conversations. It’s a great way to demonstrate your hands-on expertise.
✨Tip Number 4
Apply through our website! We love seeing candidates who are genuinely interested in joining us. Tailor your application to reflect our values and how you can contribute to enabling possibility.
We think you need these skills to ace Risk Analyst
Some tips for your application 🫡
Tailor Your CV:Make sure your CV reflects the skills and experiences that align with the Risk Analyst role. Highlight any relevant experience in risk management, especially in the insurance sector, to show us you’re a great fit!
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 the perfect candidate for our team. Don’t forget to mention how you can contribute to our culture of collaboration and innovation.
Showcase Your Communication Skills:Since strong written and spoken communication skills are key for this role, make sure your application is clear, concise, and free of jargon. We want to see how well you can convey complex ideas simply and effectively!
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 don’t miss out on any important updates from our team. Plus, it shows us you’re keen to join StudySmarter!
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. 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.
