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- Tasks: Join our Risk team to assess and manage various risks while collaborating with business units.
- Company: Berkshire Hathaway Specialty Insurance is a trusted global insurance partner known for excellence and integrity.
- Benefits: Enjoy a competitive salary, growth opportunities, and a dynamic, non-bureaucratic work environment.
- Why this job: Be part of a values-driven team that fosters diversity and encourages individual contributions.
- Qualifications: 4+ years in risk management; strong analytical skills and exceptional interpersonal abilities required.
- Other info: This role offers the chance to influence risk management strategies in a leading insurance company.
The predicted salary is between 43200 - 72000 £ per year.
Who are we? A strategic and trusted insurance partner, Berkshire Hathaway Specialty Insurance (BHSI), provides a broad range of commercial property, casualty and specialty insurance coverages and outstanding service to customers and brokers around the world. Part of Berkshire Hathaway’s insurance operations, we bring our solutions to market with our stellar brand name, top-rated balance sheet, and the expertise of our global team of professionals, who exude excellent capabilities and strong character. We are a values-based organization where respect, integrity, excellence, collaboration, and passion define who we are and how we do business. We value diversity of backgrounds, experience, and perspectives and strive to foster an inclusive environment that enables all our team members to bring their best selves to work. We are one team committed to building a culture where every teammate has the opportunity to contribute and be recognized.
Berkshire Hathaway Specialty Insurance (BHSI) has an exciting opportunity for a Senior Risk Analyst to join the Risk team in London. This is a diverse and dynamic role. As part of the Risk team you will work with the Chief Risk Officer to monitor and maintain oversight of the risk management framework. The Risk team works closely with all business units, operates as a second line of defense and is responsible for ensuring that the company’s risks and controls are properly managed by the first line. The Risk team supports the achievement of business plan objectives through supporting the management of all risks and the provision of robust and independent challenge of underwriting activities.
Duties & Responsibilities:
- Perform quarterly risk and control assessment for all risks, including underwriting, market, credit, operational, conduct and strategic risks.
- Actively engage with risk owners to ensure effective management of the company’s risks.
- Regularly monitor the company’s performance against the risk appetite statements.
- Perform 2nd Line assurance testing on the control environment.
- Perform risk assessments and due diligence of third-party service providers for the approval of the Risk Committee and Board.
- Participate in thematic reviews outlined in the annual Risk plan.
- Collaborate with Management and stakeholders in the production and documentation of the Own Risk and Solvency Assessment (ORSA).
- Work closely with all business units, including the operations team on operational resilience.
- Identify and monitor risk incidents and near misses.
- Prepare quality management information reports for both internal Committees and regulators.
- Assist in the continuous enhancement and development of the Risk Management Framework.
Qualifications, Skills, and Experience:
- 4+ years of risk management experience in financial services.
- Qualified Accountant or similar experience preferable.
- Experience in preparing and presenting high quality reports for internal and external stakeholders demonstrating a strong attention to detail.
- Exceptional interpersonal skills. This is a people facing role requiring a friendly and approachable professional.
- Ability to manage and prioritise competing demands.
- Ability to work efficiently in a diverse and dynamic environment.
- Excellent planning and organisational skills.
- Strong quantitative and analytical skills.
BHSI Offers:
- A competitive package and exciting growth opportunities for career-oriented teammates.
- A dynamic, action oriented, and thoughtful environment centered on always doing the right thing for our customers, teammates, and our other stakeholders.
- A purposely non-bureaucratic organization that embraces simplicity over complexity and emphasizes individual excellence in a team framework.
To apply, please submit your CV with a cover letter outlining why this would be the perfect role for you to hr.europe@bhspecialty.com.
NOTE: Compensation will be commensurate with experience. This job description is not intended to be all-inclusive. Team Member may perform other related duties as negotiated to meet the ongoing needs of the organization.
Senior Risk Analyst London, United Kingdom employer: BERKSHIRE HATHAWAY SPEC INS
Contact Detail:
BERKSHIRE HATHAWAY SPEC INS Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Senior Risk Analyst London, United Kingdom
✨Tip Number 1
Familiarise yourself with the specific risk management frameworks and regulations relevant to the insurance industry. Understanding these will not only help you in interviews but also demonstrate your commitment to the role.
✨Tip Number 2
Network with professionals in the insurance and risk management sectors. Attend industry events or webinars to connect with potential colleagues and learn more about the company culture at BHSI.
✨Tip Number 3
Prepare to discuss your experience with risk assessments and control environments in detail. Be ready to provide examples of how you've successfully managed risks in previous roles, as this will be crucial for the interview.
✨Tip Number 4
Showcase your interpersonal skills during the application process. Since this is a people-facing role, emphasising your ability to collaborate and communicate effectively with diverse teams will set you apart from other candidates.
We think you need these skills to ace Senior Risk Analyst London, United Kingdom
Some tips for your application 🫡
Understand the Role: Before applying, make sure you fully understand the responsibilities and qualifications required for the Senior Risk Analyst position. Tailor your application to highlight relevant experience in risk management and financial services.
Craft a Compelling Cover Letter: Your cover letter should clearly outline why you are the perfect fit for this role. Mention specific experiences that align with the duties listed in the job description, such as your ability to perform risk assessments and prepare high-quality reports.
Highlight Relevant Skills: In your CV, emphasise your quantitative and analytical skills, as well as your exceptional interpersonal abilities. Provide examples of how you've successfully managed competing demands in previous roles.
Proofread Your Application: Before submitting, carefully proofread your CV and cover letter for any errors or inconsistencies. A polished application reflects your attention to detail, which is crucial for a role in risk management.
How to prepare for a job interview at BERKSHIRE HATHAWAY SPEC INS
✨Understand the Company Values
Before your interview, take some time to familiarise yourself with Berkshire Hathaway Specialty Insurance's core values: respect, integrity, excellence, collaboration, and passion. Be prepared to discuss how your personal values align with theirs and provide examples from your past experiences that demonstrate these qualities.
✨Showcase Your Risk Management Experience
As a Senior Risk Analyst, your experience in risk management is crucial. Be ready to discuss specific projects or assessments you've conducted in the past, particularly those related to underwriting, market, credit, operational, conduct, and strategic risks. Highlight your analytical skills and how they contributed to effective risk management.
✨Prepare for Behavioural Questions
Expect behavioural questions that assess your interpersonal skills and ability to work in a team. Prepare examples that showcase your friendly and approachable nature, as well as your ability to manage competing demands in a dynamic environment. Use the STAR method (Situation, Task, Action, Result) to structure your responses.
✨Demonstrate Your Reporting Skills
Since the role involves preparing high-quality reports for internal and external stakeholders, be ready to discuss your experience in this area. Bring examples of reports you've created, focusing on your attention to detail and how you ensure clarity and accuracy in your documentation.
