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- Tasks: Join our 24-month graduate programme to assess and manage risk across key departments.
- Company: Chaucer, a leading specialty insurance and reinsurance group.
- Benefits: £34,000 salary, £500 signing bonus, 26 days holiday, and flexible benefits.
- Why this job: Gain hands-on experience in risk management while making a real impact.
- Qualifications: Minimum 2.2 degree and strong analytical skills required.
- Other info: Hybrid working, mentorship, and excellent career growth opportunities await you.
The predicted salary is between 28000 - 40000 £ per year.
Risk graduate programme
Assessing and managing risk is at the heart of what we do as a leading speciality insurance and reinsurance group. Our 24 month programme provides a unique opportunity to experience each of our key risk departments. You will dive into complex and comprehensive techniques for analysing, modelling, monitoring, reporting, and mitigating risks.
- Risk Management: Help develop key areas of our risk framework as we look to continuously improve our risk processes, and explore in detail specific topics or business concerns such as geopolitical events or new regulation to understand the risks posed to Chaucer.
- Capital Modelling: Work with our stochastic models to determine funding for our (re)insurance business. Produce model outputs and management information to help teams like Pricing, Investments, Risk Management, and Reinsurance in understanding our business's risk profile.
- Exposure Management team: Through modelling and analytics you will help the business measure and understand the accumulation of exposure, and what losses could occur as a result of catastrophic events like earthquakes or hurricanes.
The combination of this experience, along with the training and support we offer, will enable you to accelerate your career and develop into a well-rounded Risk professional.
Why Chaucer: We empower our people to excel. Our people are a team of leaders. Experts in their fields, top performers – who collaborate, without hierarchy. Together we have created an exciting and successful business, and we know that it is our people who define and drive this success. That is why the growth, development and wellbeing of our employees is so important to us. We work hard to make sure careers at Chaucer are challenging, inspiring and rewarding and that the environment is ambitious and supportive.
What we offer:
- £34,000 with extra qualification rewards
- £500 signing on bonus
- 26 days holiday plus option to buy or sell to meet your needs
- 2 year fixed term contract with the opportunity to apply for permanent roles at the end
- Enjoy excellent benefits such as private medical insurance, pension, season ticket loan, and flexible options with a £175 monthly allowance for tech products, gym membership, cycle-to-work schemes, or charitable donations.
- You also get 2 CSR days where you get the opportunity to make a real difference to local communities and charities that matter to you.
Location: London, at our offices in the Scalpel building in the heart of the city. We offer hybrid working, with a mix of office and home days that works for you and the team.
Your Development: You will get challenging, stretching and rewarding work right from the start in each area of our Risk teams. Our full support and guidance to achieve your Level 4 Insurance Professional apprenticeship standard which incorporates the DIPCII qualification. A development plan to support your professional and soft skills development. An in-house experienced buddy and mentor, to help show you the ropes and support you on your journey. Lots of opportunities to get involved in groups outside of your day to day work to grow your network, learn from others and give back to the community through our CSR initiatives.
After the programme: At the end of the programme, you will have the opportunity to apply for a permanent role in one of our teams that interests you, as an analyst, modeller or risk manager. We want to continue to grow our talent and will support your development as an expert in your field and your professional qualification in Insurance or Actuarial if you move into the Capital modelling team.
Is it the graduate programme for you? Love working with numbers? Enjoy working through complex analytical information and problems and getting stuck into a challenge? Are you able to communicate the complicated in a simple way? Do you enjoy working collaboratively and building strong relationships? If this sounds like you, and you want to continuously learn and go the extra mile this is the programme for you.
What you need:
- Unrestricted right to work in the UK
- A minimum 2.2 degree in any discipline
- 3 or more A-Levels or equivalent (A-C) (ideally with a STEM subject)
- GCSE in Maths and English - grade 4 (C) or equivalent
- Excellent IT skills, including Microsoft Excel
About Us: Chaucer is a leading insurance group at Lloyd's, the world's specialist insurance market. We help protect industries around the world from the risks they face. Our customers include major airlines, energy companies, shipping groups, global manufacturers and property groups. Our headquarters are in London, and we have international offices in Bermuda, Copenhagen, Dubai and Singapore to be closer to our clients across the world. Chaucer is committed to diversity, actively values difference and respects people regardless of the protected characteristics which are outlined in the Equality Act 2010 (UK legislation) as a result of the Equal Treatment Directive 2006 (EU legislation). A diverse workforce and an inclusive workplace are core to our success as a business and integral to our winning strategy and culture. We recruit from the widest available pool of talent, and our hiring, assessment and selection process is fair, free from bias and one which ensures we select the right person for the job, based on merit. We are committed to promoting a culture that actively values difference, and recognises that everyone has the right to be treated with dignity and respect throughout their employment. We are open to considering flexible working arrangements for all roles and encourage you to outline your needs during the interview process.
Graduate - Risk in London employer: Chaucer Group
Contact Detail:
Chaucer Group Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Graduate - Risk in London
✨Tip Number 1
Network like a pro! Reach out to current employees on LinkedIn or at networking events. Ask them about their experiences and any tips they might have for landing a role in the Risk graduate programme.
✨Tip Number 2
Prepare for your interviews by brushing up on your knowledge of risk management concepts. Be ready to discuss how you can contribute to areas like Capital Modelling or Exposure Management, showing that you understand the business's needs.
✨Tip Number 3
Practice your problem-solving skills! You might be faced with analytical challenges during assessments, so work through some case studies or practice questions related to risk analysis to get yourself in the zone.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets seen by the right people. Plus, it shows you’re genuinely interested in joining Chaucer and being part of our team.
We think you need these skills to ace Graduate - Risk in London
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the Risk Graduate Programme. Highlight any relevant experience, skills, or coursework that aligns with risk assessment and management. We want to see how you fit into our world!
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 a great fit for our team. Keep it engaging and personal – we love a good story!
Showcase Your Analytical Skills: Since this role involves complex analytical work, be sure to showcase your analytical skills in your application. Mention any projects or experiences where you've tackled data or problem-solving challenges. We’re all about those numbers!
Apply Through Our Website: Don’t forget to apply through our website! It’s the best way to ensure your application gets to us directly. Plus, you’ll find all the info you need about the programme right there. We can’t wait to hear from you!
How to prepare for a job interview at Chaucer Group
✨Know Your Numbers
Since this role is all about assessing and managing risk, brush up on your numerical skills. Be prepared to discuss how you would approach complex analytical problems and demonstrate your understanding of key concepts in risk management and capital modelling.
✨Research the Company
Dive deep into Chaucer's values, mission, and recent news. Understanding their approach to risk and their unique position in the insurance market will help you tailor your answers and show that you're genuinely interested in being part of their team.
✨Prepare for Scenario Questions
Expect to face scenario-based questions that assess your problem-solving abilities. Think of examples where you've had to analyse data or manage risks in previous experiences, whether academic or professional, and be ready to explain your thought process.
✨Show Your Collaborative Spirit
Chaucer values teamwork and collaboration. Be ready to share examples of how you've worked effectively in teams, built strong relationships, and communicated complex information simply. Highlighting your interpersonal skills will set you apart as a candidate who fits their culture.
