Risk Analyst in London

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:

• Support in enhancing, implementing and embedding core components of the enterprise risk management framework.
• Support the team in its core risk assurance processes, which will include activities such as leading the preparation of materials for the risk and control self-attestation.
• Support the risk managers in providing challenge of Beazley’s first line processes around key risks to the business, including operational risk, group risk, strategic risk and legal and regulatory risk.
• Play a key role in maintaining the risk management system and data to ensure it is complete and up to date.
• Manage the ongoing development of the risk management system functionality and supporting processes.
• Aid in maintaining Beazley’s risk management framework documentation, ensuring they are reviewed and updated regularly.
• Help prepare risk management reports for appropriate committees.
• Ensure close collaboration with other risk managers, sharing their workload as appropriate.
• Participate in project work as required.
• Build and maintain a network of internal and external contacts.
• Keep abreast of market best practice and regulatory requirements.

Specific:

• Maintain Beazley’s risk management system data and ensure it is complete and up to date.
• Support the ongoing development of risk management system functionality and supporting processes.
• Act as the system point person for the business and interact with the vendor and IT department as required.
• Support Beazley’s risk and control self-assessment (RCSA) and reporting cycle.
• Maintain operational risk management reporting across different platforms (i.e. PowerBI, Excel).
• Provide risk management focused technical and analytical support to the Risk team and wider business.

General: It is important that within all your interactions both internally and externally you adhere to Beazley’s core values - Being Bold, Striving for Better, and Doing the Right Thing as they contribute to an internal environment of teamwork and promote a positive brand image and experience to our external customers.

We also expect Beazley employees to:

• Comply with Beazley procedures, policies and regulations, including the code of conduct.
• Undertake training on Beazley policies and procedures as delivered by your line manager, the Culture & People or assurance teams (compliance, risk, internal audit) either directly, via e-learning or via the learning management system.
• Display business ethics that uphold the interests of all our customers.
• Ensure all interactions with customers are focused on delivering a fair outcome, including having the right products for their needs.
• Comply with any specific responsibilities necessary for your role as outlined by your line manager, the Culture & People or assurance teams (compliance, risk, internal audit) and ensure you keep up to date with developments in these areas.
• This may include, amongst others, Beazley’s underwriting control standards, Beazley’s claims control standards, other Beazley standards and customer relationship management.
• Carry out additional responsibilities as individually notified, either through your objectives or through the learning management system.
• These may include membership of any Beazley committees or working groups.

Personal Specification:

Essential Criteria:

• One to three years of experience in insurance and risk management advantageous.
• Knowledge and experience of risk management framework and tools.
• Understanding of commercial drivers and dynamics affecting risk decisions in the insurance sector.
• Understanding of the processes associated with an international insurance group, both from an operational and risk perspective.

Education and Qualifications:

• University degree advantageous.
• Professional qualification advantageous.

Skills and Abilities:

• Self-starter and problem solver.
• Able to work independently and as a team.
• Analytical skills and attention to detail.
• Workplace technology skills.
• Process and task minded.
• Enjoy process improvement.
• General commercial and financial knowledge.
• The ability to manage time, meet deadlines and prioritise.

Aptitude and 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.
• Diplomatic.

Competencies:

• Proficient in data analysis (inc. use of MS Excel).
• Information seeking.
• Self-starter.
• Achievement orientation.
• Analytical thinking.
• Customer focus.
• Team working.
• Initiative.
• Using expertise.
• Integrity.
• Impact and influence.