At a Glance
- Tasks: Support risk management processes and analyse data to identify trends and risks.
- Company: Join Asta, a leader in the insurance market with a focus on innovation.
- Benefits: Enjoy flexible working, generous holidays, and comprehensive health coverage.
- Other info: Collaborative environment with excellent career growth opportunities.
- Why this job: Make a real impact in risk management while developing your analytical skills.
- Qualifications: Strong communication skills and a knack for data analysis are essential.
The predicted salary is between 50000 - 65000 £ per year.
Support the Senior Risk Analytics Manager on the key quantitative elements of the Risk Management Framework, ensuring strong risk management across multiple syndicates and clients within a Portfolio. Collect and examine data, drawing out trends, exceptions & risks and produce draft reporting. Contribute to internal model validation, internal model governance processes, ORSAs, stress testing frameworks and foster cross-functional collaboration.
Key Responsibilities
- Syndicate Risk Management Processes: Support the development and maintenance of quantitative elements of the framework. Support on the quarterly monitoring and development of Actuarial and Exposure Management related Risks and Risk Appetites. Support in the production of the Risk Team’s review of Syndicate SBFs. Support in the preparation of Syndicate ORSA documentation, including specific quantitative elements. Support in other tasks in regard to the Risk Framework as directed.
- Validation: Support the Senior Risk Analytics Manager on SCR Validation processes, including those required for Internal Model Approval Processes, Major Model Change submissions and summer LCR submissions. Work with internal Actuaries, external Validators and Exposure Management on Validation including in regard to action closure. Undertake Operational Risk Validation. Draft reports to the Internal Model Technical Group (IMTG), Internal Model Steering Committee (IMSC) and other forums as required. Support in the production of Validation Reports including drafting sections as directed.
- Internal Model & Lloyd’s Standard Model: Support in the Risk Team’s ownership and oversight of Internal Model, Lloyd’s Standard Model and Partial Internal Model governance including in regard to IM Policy maintenance. Contribute to the effectiveness of IMSC & IMTG governance including ensuring agendas, minutes and actions are appropriate. Collaborate with the Central Capital team and (Senior) Syndicate Actuaries. Draft reports on Internal Model governance activities.
- Stress & Scenario Testing: Complete Stress and Scenario testing as directed by the Senior Risk Analytics Manager. Support the Senior Risk Analytics Manager on the delivery of the Stress and Scenario Framework.
- Relationship Management: Maintain strong working relationships with Actuarial and Exposure Management Team colleagues alongside other relevant Teams at Asta, to support collaborative working on quantitative risk elements of client oversight, internal projects and risk management processes.
Skills, Knowledge & Expertise
- Communication: Excellent interpersonal, numerical and written skills that enable the job holder to build trust with senior members of Asta. Expresses ideas effectively and listens actively.
- Analytical: Possesses the ability to understand and solve problems involving data and processes. High level of technical accuracy and attention to detail.
- Flexibility: Readily adapts to changing priorities with good organisational skills.
- Initiative: The ability to contribute to on-going development/improvements through original thinking, persuasive argument, and a considered approach.
- Knowledge of the insurance market and quantitative risk management with understanding of the activities of a Lloyd’s syndicate. Experience of MS Office (Word, Excel, PowerPoint) to an intermediate level.
Job Benefits
At Asta, you’ll enjoy a market-leading benefits package that puts your wellbeing, career development and financial future first. We combine flexible working, strong family-friendly policies and exceptional rewards to create a supportive, inclusive and high-performing workplace. Our benefits include:
- Work-life balance you can rely on: 35-hour working week with hybrid and flexible working.
- Generous holiday allowance that increases with service.
- Your health & wellbeing covered: Private medical insurance with virtual GP access, annual health screening, dental cover and eye care, subsidised gym or sports club membership.
- Support for you and your family: Enhanced maternity, paternity, adoption and shared parental pay.
- Rewarding your contribution: Highly competitive pension with up to 13% employer contribution, life assurance and income protection, discretionary annual bonus scheme, interest-free season ticket loan and salary sacrifice schemes.
Risk Analytics Analyst employer: Davies Group
At Asta, we pride ourselves on being an exceptional employer, offering a supportive and inclusive work culture that prioritises employee wellbeing and career development. Located in the vibrant city of London, our Risk Analytics Analyst role provides opportunities for meaningful contributions to risk management while enjoying a flexible working environment, generous benefits, and a strong focus on work-life balance.
StudySmarter Expert Advice🤫
We think this is how you could land Risk Analytics Analyst
✨Join Compliance Communities
Get involved in compliance and risk communities — both online and offline. Look for forums, LinkedIn groups, or even local meetups where compliance pros hang out. You never know who might drop a job opportunity your way!
✨Attend Industry Conferences
Keep an eye out for compliance and risk management conferences and workshops in your area. These events are a goldmine for networking, and they often have job boards or recruiters on-site looking for new talent. Plus, it’s a chance to learn what's trending in the field.
✨Leverage Your University Career Services
If you’ve recently graduated or are still studying, head over to your university's career services. Many companies, including those in compliance, actively recruit fresh talent through these services, so make sure you tap into that resource.
✨Showcase Your Knowledge Online
Start writing articles or blog posts about compliance topics that interest you. Share them on platforms like LinkedIn to demonstrate your knowledge and passion. This not only builds your presence in the field but can also catch the attention of companies like Davies Group looking for candidates who are engaged and informed.
We think you need these skills to ace Risk Analytics Analyst
Some tips for your application 🫡
Show Your Understanding of Compliance:In the compliance-risk field, it's super important to showcase your understanding of regulations and risk management frameworks. Highlight any relevant coursework, certifications (like ICA or AML), or even projects that demonstrate your knowledge and commitment to this area. We want to see how you can navigate this complex landscape!
Quantify Your Achievements:When detailing your experience, try to quantify your achievements. For example, if you've previously worked on a project that improved compliance metrics or reduced risk exposure, give us the numbers! This data-driven approach really stands out to hiring managers in compliance-risk roles.
Tailor Your CV to Reflect Relevant Skills:Make sure your CV highlights skills that are particularly relevant to compliance, like attention to detail, analytical thinking, and report writing. Ensure these are easy to spot – consider using bullet points to break down your responsibilities and achievements for maximum impact!
Craft a Motivating Cover Letter:In your cover letter, let us know why you’re excited about the compliance-risk role at Davies Group. Share what motivates you about compliance, and how you believe you can contribute to our mission. This is your chance to showcase not only your skills but also your passion for this important field!
How to prepare for a job interview at Davies Group
✨Master the Regulations
Brush up on key compliance regulations relevant to the industry you're applying to. Familiarising yourself with specific laws and frameworks used in your field will give you an edge during technical questions. Show that you’re not just aware of them but can also apply them—think real-life scenarios!
✨Show Your Analytical Skills
Compliance roles really focus on analytical skills, so be prepared for case studies or situational questions during the interview. We've got to demonstrate how we approach risk assessments or compliance audits, possibly drawing on examples from past experiences or university projects. Bring some thoughtful case scenarios to discuss!
✨Know Your Tools
Get comfortable with commonly used compliance software and tools. Familiarity with platforms like RSA or MetricStream can really impress during your interview, as it shows you're ready to hit the ground running. If you’ve had any experience with them, make sure to highlight that!
✨Align with Company Culture
Since it's a full-time position, show your long-term commitment and interest in the company’s mission and values. Dive into how your ethics and professional philosophy align with Davies Group’s stance on compliance. A shared vision can really resonate with interviewers looking for fit as much as skill!
