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- Tasks: Analyse financial data and assess political risks for global clients.
- Company: Join Chaucer, a leading insurance group at Lloyd’s, protecting industries worldwide.
- Benefits: Enjoy flexible working arrangements and a diverse, inclusive workplace culture.
- Why this job: Make an impact in global finance while collaborating with expert teams.
- Qualifications: University degree with a minimum 2:1; interest in global economics is essential.
- Other info: Opportunity to work in a dynamic environment with international exposure.
The predicted salary is between 36000 - 60000 £ per year.
Political And Credit Risk Associate page is loaded
Political And Credit Risk Associate
Apply locations London time type Full time posted on Posted 30+ Days Ago job requisition id JR100793
Job Profile Summary
We are currently looking for a Political & Credit Risk Associate to be based in London on a full-time basis, reporting into the Senior Analyst & Underwriter.
We offer political and credit insurance across a very broad range of counterparties, sectors and deal structures. We are looking for a Political & Credit Risk Associate with proven experience in sovereign and corporate credit risk, project finance, financial institutions and trade structures.
Job Description
- Undertake detailed financial analysis and forward-looking projections/stress testing and scenario analysis of transactions for sovereigns, corporates and financial Institutions
- Proactively monitor the Political Risk & Credit portfolio to ensure ongoing robust assessment of existing exposure
- Monitor political, legal, socio-economic and regulatory developments in countries where the team has underwritten risk and identify issues that may require further analysis or action
- Review and summarise political, macroeconomic and country-specific conditions to support the underwriting of political risk transactions
- Help to build, enhance and maintain pricing, aggregation and analytical models, working alongside pricing actuaries and underwriters.
- Actively participate in transaction related meetings, both internal and with clients and brokers
- Ensure deteriorating obligor trends are timely identified and work jointly with underwriters and where appropriate Claims to manage problem credits and/or workout situations
- Support the underwriting teams in London and Singapore in the development of new products, helping with presentations and papers to senior management and reinsurers as required
Regulatory Responsibilities
Comply with all policies and procedures and ensure that due regard is paid to providing good customer outcomes and the fair treatment of customers.
Support the Chaucer Board in maintaining a corporate culture, policies and procedures that pay due regard to the interests of Chaucer CSL customers and treats them fairly at all times
Compliance with all regulatory requirements including Lloyd’s minimum standards and byelaws
Manage the relationships with Customers, Agents and Service Providers:
- Advise, assist and service customers on insurance and risk matters to promote customers’ satisfaction
- Foster positive relationships with customers and attain an understanding of their needs
- Ensure that customer complaints are promptly identified, recorded and referred as appropriate
- Ensure all required annual product review assessments are completed for department in a timely manner
- Ensure all Chaucer Group Product Governance processes in the UCM are followed
- Ensure that the principles of providing good customer outcomes and the fair treatment of customers are upheld by Agents and Service Providers.
Skills and Competencies
- Analytical skills, including credit, financial institution and sovereign risk analysis (portfolio risk analysis desirable but not required)
- Knowledge of and keen interest in global economic and political affairs
- Ability to work independently, dealing with large volumes of data, and often to tight deadlines
- Able to work in and proactively contribute to a team environment
Education
University educated with a minimum of a 2:1 or equivalent title (CFA, FIA, ACII, etc.)
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. To learn more about us please visit our website.
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.
About Chaucer
Chaucer are a leading specialty (re)insurance group working with brokers, coverholders and clients to protect and support business activities around the world. Our services are accessed both through Lloyd’s of London and the company markets.
We are defined by an enterprising, bespoke approach to (re)insurance, enabled by the individual character, experience and imagination of our expert teams.
Chaucer is a member of the China Re Group and backed by their financial and operational resources. China Re is one of the world’s largest reinsurance companies whose outstanding and comprehensive strength is rated A (excellent) by AM Best and A (strong) by S&P Global Rating.
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Political And Credit Risk Associate employer: Chaucer Underwriting Services Limited
Contact Detail:
Chaucer Underwriting Services Limited Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Political And Credit Risk Associate
✨Tip Number 1
Familiarise yourself with the latest trends in political and credit risk analysis. Stay updated on global economic and political affairs, as this knowledge will be crucial during interviews and discussions with the team.
✨Tip Number 2
Network with professionals in the insurance and risk management sectors. Attend relevant industry events or webinars to connect with potential colleagues and gain insights into the role and company culture.
✨Tip Number 3
Prepare to discuss your analytical skills and experience with financial institutions and sovereign risk. Be ready to provide examples of how you've successfully managed large volumes of data and met tight deadlines in previous roles.
✨Tip Number 4
Demonstrate your ability to work collaboratively by sharing experiences where you contributed to a team environment. Highlight any instances where you supported product development or client interactions, as these are key aspects of the role.
We think you need these skills to ace Political And Credit Risk Associate
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in political and credit risk analysis, project finance, and financial institutions. Use specific examples that demonstrate your analytical skills and understanding of global economic and political affairs.
Craft a Compelling Cover Letter: In your cover letter, express your enthusiasm for the role and the company. Discuss how your background aligns with the responsibilities outlined in the job description, particularly your experience with sovereign and corporate credit risk.
Showcase Analytical Skills: Emphasise your analytical skills in both your CV and cover letter. Provide examples of how you've successfully conducted financial analysis, stress testing, or scenario analysis in previous roles.
Highlight Team Collaboration: Since the role involves working closely with underwriters and other teams, mention any past experiences where you contributed to team projects or collaborated effectively with colleagues to achieve common goals.
How to prepare for a job interview at Chaucer Underwriting Services Limited
✨Showcase Your Analytical Skills
As a Political & Credit Risk Associate, you'll need strong analytical skills. Be prepared to discuss your experience with financial analysis, credit risk assessment, and any relevant projects you've worked on. Use specific examples to demonstrate how you've successfully navigated complex data.
✨Stay Informed on Global Affairs
Given the nature of the role, it's crucial to have a keen interest in global economic and political affairs. Research current events and trends that may impact the insurance industry, and be ready to share your insights during the interview.
✨Demonstrate Team Collaboration
This position requires working closely with underwriters and other teams. Highlight your ability to work in a team environment by sharing examples of past collaborations, especially those that involved problem-solving or managing challenging situations.
✨Prepare for Scenario Analysis Questions
Expect questions related to scenario analysis and stress testing. Brush up on your knowledge of these concepts and be ready to explain how you would approach assessing risks in various scenarios, particularly in relation to sovereigns and corporates.
