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- Tasks: Join our Risk team to support risk management and reporting tasks.
- Company: Davies Consulting is a leading firm in the Lloyd's Insurance Market.
- Benefits: Gain valuable experience in risk management with potential for career growth.
- Why this job: Launch your career in a dynamic environment with experienced professionals guiding you.
- Qualifications: Basic understanding of insurance, risk management, and proficiency in MS Office required.
- Other info: This is a permanent, full-time role based in London.
The predicted salary is between 28800 - 43200 £ per year.
Risk Assistant
Department: Risk and Compliance
Employment Type: Permanent - Full Time
Location: London UK
Reporting To: Jane Stoate
Ready to launch your career in Risk within the Lloyd's Insurance Market? If the answer is yes, we'd love to hear from you! We're looking for an enthusiastic individual to join our Risk team, working under the guidance of experienced professionals to support in the following areas:
- Support the risk framework for SIABs
- Focused on managed clients and AstaPoint risk system maintenance
- Collect and examine data, drawing out trends, exceptions and risks
- Produce draft reporting
- Develop understanding in allocated specific risks
Key Responsibilities
- Risk management framework: Support the Senior Risk Manager and the Risk Analyst in maintaining any allocated sections of the risk framework and suggest improvements, particularly in relation to SIABs. Development, maintenance and enhancement of the risk framework for all clients.
- Risk identification: Assist the identification of risks for clients allocated to them. Document the risks in the AstaPoint software. Assist in running risk workshops to identify risks. Prepare emerging risk analysis for allocated risks as required, drawing on external sources as appropriate.
- Risk reporting: Preparing elements of client reporting as requested by the Risk Analyst or Senior Risk Manager. Preparing risk reports based on AstaPoint data.
- Risk monitoring: Maintain risk register records in AstaPoint and provide for specific allocated risks. Conduct ad-hoc reviews as required for clients and risks.
- Risk appetite & KRIs: Update and maintain KRI and appetite reporting as required. Contribute to risk appetite development and KRI measurement.
- ORSA: Draft ORSA sections as required, including forward looking assessments, stress tests, reverse stress tests and risk analysis.
- Validation: Complete validation work as allocated by the Risk Analyst or the Senior Risk Manager.
- Stress & scenario testing: Complete stress and scenario testing as directed by the Risk Analyst or the Senior Risk Manager. Document stress and scenario testing workshops.
Skills, Knowledge & Expertise
- Communication: Excellent interpersonal and written skills that enable the job holder to build trust with senior members of Asta and the managed syndicates, and persuade them of the business benefits of an embedded enterprise-wide risk management culture.
- Credibility: Possess an enthusiasm for risk management that persuades others of its value. Potential to become confident and able to deal at senior levels within Asta and the managed syndicates to influence business leaders.
- Integrity: The ability to take a coherent, clear approach where required.
- Flexibility: The ability to retain a sense of perspective and recognise the occasional collision between real world situations and reality.
- Personality: The ability to work both independently and within a wider team.
- Accuracy: High level of accuracy and attention to detail.
Job Benefits
- A basic understanding of the insurance market and risk, with a basic understanding of the activities of a Lloyd's syndicate.
- A keen interest in the understanding of risk management and control concepts.
- A basic understanding of Solvency II and other regulatory requirements; an understanding of how they impact on the business desirable.
- Ability to use systems and software programs needed to perform responsibilities of the role.
- Experience of MS Office (Word, Excel, PowerPoint) to an intermediate level desirable.
- Experience of the AstaPoint (Decision Focus) risk management system is desirable.
Assistant Risk Manager - Davies Consulting employer: Davies Consulting
Contact Detail:
Davies Consulting Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Assistant Risk Manager - Davies Consulting
✨Tip Number 1
Familiarise yourself with the Lloyd's Insurance Market and its specific risk management practices. Understanding the nuances of this sector will not only help you in interviews but also demonstrate your genuine interest in the role.
✨Tip Number 2
Network with professionals already working in risk management, especially within the Lloyd's market. Attend industry events or webinars to connect with potential colleagues and learn more about the challenges they face.
✨Tip Number 3
Brush up on your data analysis skills, particularly with tools like AstaPoint. Being able to showcase your ability to collect and interpret data effectively will set you apart from other candidates.
✨Tip Number 4
Prepare to discuss your understanding of risk appetite and key risk indicators (KRIs) during the interview. Having a solid grasp of these concepts will show that you're ready to contribute meaningfully to the team.
We think you need these skills to ace Assistant Risk Manager - Davies Consulting
Some tips for your application 🫡
Understand the Role: Before applying, make sure you fully understand the responsibilities and requirements of the Assistant Risk Manager position. Familiarise yourself with risk management concepts and the specific tasks mentioned in the job description.
Tailor Your CV: Customise your CV to highlight relevant experience and skills that align with the job description. Emphasise your communication skills, attention to detail, and any experience with risk management or insurance markets.
Craft a Compelling Cover Letter: Write a cover letter that showcases your enthusiasm for risk management and explains why you're a great fit for the role. Mention specific aspects of the job that excite you and how your background prepares you for these challenges.
Proofread Your Application: Before submitting, carefully proofread your CV and cover letter for any spelling or grammatical errors. 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 Davies Consulting
✨Understand the Risk Framework
Familiarise yourself with the risk management framework, especially in relation to SIABs. Be prepared to discuss how you can contribute to maintaining and improving this framework during the interview.
✨Showcase Your Analytical Skills
Highlight your ability to collect and examine data effectively. Prepare examples of how you've identified trends or risks in previous roles or projects, as this will demonstrate your analytical capabilities.
✨Communicate Clearly
Since excellent communication skills are crucial for this role, practice articulating your thoughts clearly and confidently. Be ready to explain complex concepts in a straightforward manner, as you may need to persuade others of the value of risk management.
✨Demonstrate Enthusiasm for Risk Management
Express your genuine interest in risk management and the insurance market. Share any relevant experiences or knowledge you have about Solvency II and regulatory requirements, as this will show your commitment to the field.
