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- Tasks: Join our 24-month programme to assess and manage risk across key departments.
- Company: Chaucer, a leading insurance group at Lloyd's, values diversity and collaboration.
- Benefits: Earn £34,000, enjoy 26 days holiday, and receive a £500 signing bonus.
- Why this job: Dive into complex challenges and make a real impact in the insurance industry.
- Qualifications: Minimum 2.2 degree and strong analytical skills required.
- Other info: Hybrid working options and excellent career growth opportunities await you.
The predicted salary is between 28000 - 40000 £ per year.
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.
Placements with our Risk Management, Exposure Management and Capital Modelling will develop your expertise across our Risk Function:
- 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’s our people who define and drive this success. That’s 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
Contact Detail:
Chaucer 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 at Chaucer on LinkedIn or through mutual connections. Ask them about their experiences and any tips they might have for standing out in the interview process.
✨Tip Number 2
Prepare for those tricky interview questions! Think about how your skills and experiences relate to risk management, capital modelling, and exposure management. Practise explaining complex concepts in simple terms – it’s all about communication!
✨Tip Number 3
Show your passion for continuous learning! During interviews, highlight any relevant courses or projects you've undertaken. This will demonstrate your commitment to growing as a Risk professional and align with Chaucer's values.
✨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, you’ll be one step closer to joining a team that values collaboration and innovation.
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 you can contribute to our team. Keep it engaging and personal – we love to see your personality come through.
Showcase Your Analytical Skills: Since this role involves complex analytical tasks, make 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 for us to receive your application and ensures you’re considered for the role. Plus, it’s super easy – just follow the prompts and you’ll be on your way!
How to prepare for a job interview at Chaucer
✨Know Your Numbers
Since this role is all about risk assessment and management, brush up on your numerical skills. Be prepared to discuss how you would approach analysing complex data sets or modelling risks. Practising with real-world examples can help you articulate your thought process during the interview.
✨Understand the Company’s Risk Framework
Familiarise yourself with Chaucer's risk framework and recent developments in the insurance industry. This will not only show your interest but also allow you to ask insightful questions. Demonstrating knowledge of current geopolitical events or regulations that impact risk can set you apart from other candidates.
✨Showcase Your Collaborative Spirit
Chaucer values teamwork, so be ready to share examples of how you've successfully worked in groups. Highlight experiences where you built strong relationships or tackled challenges collaboratively. This will demonstrate that you can thrive in their supportive environment.
✨Prepare for Technical Questions
Expect technical questions related to risk modelling and exposure management. Brush up on relevant software tools, especially Excel, and be ready to explain your analytical approach. Practising common interview questions in this area can help you feel more confident and articulate during the interview.
