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- Tasks: Assess and implement climate risk strategies while collaborating across teams.
- Company: Join a leading firm focused on sustainability and climate risk management.
- Benefits: Gain valuable experience, competitive salary, and opportunities for professional growth.
- Other info: Dynamic team environment with a focus on innovation and collaboration.
- Why this job: Make a real difference in tackling climate challenges and shaping business practices.
- Qualifications: Strong analytical skills and knowledge of climate risk regulations required.
The predicted salary is between 50000 - 60000 £ per year.
Division: Exposure Management & Climate
Reports To: Head of Financial Climate Risk
Key Relationships: Exposure Management Team, Underwriters, Actuaries, Sustainability Team, Sustainability Reporting Team, Risk Management.
Job Summary
Work closely with the Head of Financial Climate Risk and team members to assess and implement actions to achieve compliance with climate risk regulations, and coordinate climate risk initiatives across business functions. The successful candidate will work with a wide range of business functions to integrate climate methods and initiatives into existing and new business processes. The candidate will work with Risk team to integrate climate risk management into the ERM process and framework. The candidate will also work with Sustainability team and Sustainability Reporting Team on climate disclosures and related activities.
Key Responsibilities
- Support the Head of Financial Climate Risk to assess and implement actions to achieve compliance with the updated PRA climate risk supervisory statement (SS5/25) and other climate risk regulations alike.
- Support the Head of Financial Climate Risk to implement Beazley’s climate risk strategy including through liaising with and coordinating the work of relevant colleagues and/or teams across Beazley.
- Responsible for tracking team projects, actions, ad hoc requests and papers to ensure compliance with all deadlines.
- Assist with planning the agenda, upcoming papers and any strategic projects for the Climate Risk Working Group.
- Draft business case papers for various groups and committees.
- Support and lead risk assessments and analytics for modelling a range of climate risks working closely with Exposure Management teams.
- Support research on climate risks and how it might impact the business, including emerging topics.
- Support actuarial functions for considering climate related impacts into pricing, capital and reserving.
- Assist with developing and implementing climate scenario analysis, including physical, litigation and transition risk scenarios.
- Assist with integrating climate into business processes, including and not limited to functions such as Underwriting, Investments, and Operations.
- Engage with Underwriters as required, particularly ESG leads across each underwriting division.
- Work closely with the Risk team to manage and integrate climate risk management into the ERM process and framework.
- Work closely with Sustainability team and Sustainability Reporting team on climate disclosures, e.g. TCFD (Task Force on Climate-Related Financial Disclosures).
- Assist with developing climate risk training and material to key areas of the business as required by the Head of Financial Climate Risk and/or the Head of Catastrophe & Research.
- Assist with establishing and/or strengthening links to external peers and experts such as academic and scientific communities.
- Engage with brokers and reinsurance partners on projects and deliverables as required.
Personal Specification
Skills & Abilities
- Accurate and numerate
- Strong analytical skills with attention to detail
- Ability to communicate effectively with various stakeholders, both verbally and in writing
- Ability to manage time, meet deadlines and prioritise
- Ability to manage workflow of team based on incoming requests.
- Team worker as well as able to work on own initiative
- General commercial and financial knowledge
Knowledge & Experience
- Insurance experience
- Strong understanding of regulatory requirements on climate risk
- Strong understanding of climate risk & related models and concepts
- Knowledge of climate litigation and transition risk desirable
- Experience with climate risk scenario analysis and stress testing desirable
Aptitude & Disposition
- Outcome focused, self-motivated, flexible and enthusiastic
- Sees solutions not problems
- Interested in understanding and helping others
- Professional approach to successfully interact with senior management/colleagues/external suppliers
Competencies
- Accuracy
- Information seeking
- Concern for quality
- Customer focus
- Initiative
- Self-starter
- Analytical thinking
- Speed and accuracy
- Teamwork
- Technical competence
- Time management
- Integrity
Climate Risk Specialist in London employer: Beazley Management Limited
Contact Detail:
Beazley Management Limited Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Climate Risk Specialist in London
✨Tip Number 1
Network like a pro! Reach out to people in the industry, especially those working in climate risk or related fields. A friendly chat can lead to valuable insights and even job leads.
✨Tip Number 2
Prepare for interviews by brushing up on your knowledge of climate risk regulations and models. Be ready to discuss how you can contribute to compliance and strategy implementation.
✨Tip Number 3
Showcase your analytical skills during interviews. Bring examples of past projects where you assessed risks or implemented strategies, especially in climate-related contexts.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets noticed and shows your enthusiasm for joining our team.
We think you need these skills to ace Climate Risk Specialist in London
Some tips for your application 🫡
Tailor Your Application: Make sure to customise your CV and cover letter for the Climate Risk Specialist role. Highlight your relevant experience and skills that align with the job description, especially your understanding of climate risk regulations and analytical abilities.
Showcase Your Skills: Don’t just list your skills; demonstrate them! Use specific examples from your past experiences that showcase your analytical thinking, teamwork, and ability to manage deadlines. This will help us see how you can contribute to our team.
Be Clear and Concise: When writing your application, keep it clear and to the point. Avoid jargon unless it's relevant to the role. We appreciate straightforward communication, so make sure your key points stand out!
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 find all the details you need about the position there!
How to prepare for a job interview at Beazley Management Limited
✨Know Your Climate Risk Stuff
Make sure you brush up on the latest climate risk regulations and frameworks, especially the PRA climate risk supervisory statement. Being able to discuss these in detail will show that you're not just familiar with the concepts but also genuinely interested in the role.
✨Showcase Your Analytical Skills
Prepare to demonstrate your analytical skills by discussing past experiences where you've tackled complex problems. Bring examples of how you've used data to inform decisions, particularly in relation to climate risks or financial implications.
✨Engage with Stakeholders
Think about how you would communicate with various stakeholders, from underwriters to sustainability teams. Be ready to share examples of how you've successfully collaborated across different functions in previous roles.
✨Prepare Questions
Have a few thoughtful questions ready for your interviewers. This could be about their current climate risk initiatives or how they see the role evolving. It shows you're engaged and keen to contribute to their goals.