Risk Manager - Fixed Term

BFL ERM Risk Manager

Key Relationships

Internally: Risk Management, Internal Audit, Compliance, Risk Owners, Control Reporters, Underwriters, Claims and managers of support functions. Externally: Regulators.

Job Summary

To facilitate the efficient operation of the risk management framework.

Key Responsibilities

• In line with the three lines of defence principle and the procedures described in the BFL risk management framework document, provide oversight of risk; including:
  • Support BFL’s risk culture by facilitating regular risk assessments and implementing and maintaining a robust control environment that is owned and documented by the business
  • Support the annual review of BFL’s risk appetite levels
  • Provide critical appraisal of the control environment impacting BFL (including risk MI) proposed by the business with reference to the agreed risk appetite and provide recommendations to business units and senior management, ensuring that it is sufficiently granular to allow appropriate risk management reporting
  • Maintain the data integrity of the BFL risk register
  • Work with the business to capture new risks relevant to BFL (including emerging risks)
• Arrange meetings with BFL risk owners and other key individuals with responsibility within the risk management framework and facilitate the quarterly risk and control assessment process.
• Prepare risk management reports and reviews by senior team members for BFL committees and boards.
• Prepare risk management material for internal (e.g., lunch and learns, inductions with new stakeholders, etc.) and external presentations (e.g., Lloyd’s and the PRA).
• Provide risk management induction training to relevant stakeholders.
• Ensure close collaboration with other risk team members, sharing their workload as appropriate.
• Ensure clear and regular communication with internal audit (the third line of defence) related to ongoing audits and results of their work.
• Participate in project work as required.
• Build and maintain a network of external contacts, including at BFL’s regulators.
• Keep abreast of market best practice and regulatory requirements.

Personal Specification

Education and Qualifications

• University degree
• Professional qualification advantageous

Skills and Abilities

• Strong analytical skills with attention to detail
• Stakeholder management and ability to communicate concisely at a number of levels
• Understands basic business principles and strategic drivers
• Strong interpersonal skills
• Able to communicate effectively with various stakeholders, both verbally and in writing
• Negotiation skills
• Confidence to have difficult conversations
• Team worker as well as able to work on own initiative
• General commercial and financial knowledge
• The ability to manage time, meet deadlines and prioritise
• Ability to use broad understanding of regulations to implement risk management strategies that are compliant with relevant legal requirements

Knowledge and Experience

• Comprehensive knowledge of risk management tools and disciplines as well as a firm grasp of the commercial drivers and dynamics affecting risk decisions in the insurance sector.
• Experience working in Risk Management within the Lloyd’s Market
• A good understanding of the processes associated with an international insurance group, both from an operational and risk perspective.

Aptitude and Disposition

• Interested in understanding, learning and helping others
• Outcome and customer focussed, self‑motivated, flexible and enthusiastic
• Professional approach to successfully interact with managers and colleagues
• Biased toward action, achievement driven, proactive
• Consistent, resilient, and entrepreneurial

Competencies

• Information seeking
• Self starter
• Achievement orientation
• Analytical thinking
• Customer focus
• Team working
• Initiative
• Using expertise
• Learning Agility
• Communication – able to tailor at multiple levels
• Integrity
• Impact and influence

  The Rewards

  • The opportunity to connect and build long‑lasting professional relationships while advancing your career with a growing, global organization
  • Attractive base compensation and discretionary performance related annual bonus
  • Private medical insurance coverage for both you and your dependents
  • Company paid life assurance and long term disability insurance
  • Pension with 10% employer contribution, plus a further matched contribution up to 2.5%
  • 25 days of annual leave (prorated for 1st calendar year of employment), plus public holidays, with the ability to flex the religious bank holidays to suit your religious beliefs, subject to approval. Additional annual leave purchase is also available up to a maximum of five additional days per year.
  • Up to 2.5 days matched paid leave for volunteering at a charity of your choice and 5 days paid leave to provide or arrange care for a dependent with a long term care need annually
  • Up to £550 reimbursement towards home office setup
  • Free in‑office lunch and monthly lifestyle allowance
  • Monthly travel allowance or annual season ticket
  • The opportunity to save for, and purchase, shares of Beazley stock
  • Six months fully paid parental leave, regardless of how you come to parenthood
  • Company paid sabbatical up to 12 weeks after 10 years of continued service
  • Support with exam/study leave and fees for relevant qualifications related to furthering education
  • Smart working policy and flexible working culture, trusting our employees to do what works best for them, their role and the needs of the business