At a Glance
- Tasks: Analyse data to identify trends and risks, supporting risk management processes.
- Company: Join a leading firm in the Risk and Compliance sector in London.
- Benefits: Gain valuable experience, competitive salary, and opportunities for professional growth.
- Other info: Collaborative environment with opportunities to work across various teams.
- Why this job: Make an impact in risk management while developing your analytical skills.
- Qualifications: Strong analytical skills and experience with quantitative risk analysis.
The predicted salary is between 51750 - 63250 £ per year.
Quantitative Risk Analyst (12 month FTC)
Department
Risk and Compliance
Employment Type
Fixed Term - Full Time
Location
- London UK
- Description
The Senior Risk Analyst takes on key quantitative elements of the risk management framework, ensuring strong risk management across multiple syndicates and clients within a Portfolio.
The Analyst is responsible for collecting and examining data to draw out trends, exceptions & risks and produce draft reporting.
If successful, you will contribute to internal model validation and governance processes, ORSAs, stress testing frameworks and foster cross-functional collaboration.
Key Responsibilities
- Syndicate Risk Management Processes
- Risk management framework: Support the development and maintenance of quantitative elements of the framework.
- Risk & Risk Appetite: Support on the quarterly monitoring and development of Actuarial and Exposure Management related Risks and Risk Appetites.
- SBF Risk Assessments: Support in the production of the Risk Team’s review of Syndicate SBFs.
- ORSA: 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
- 1. Quantitative Risk Analysis & Data Skills
- Strong analytical and numerical capabilities with experience interpreting complex datasets and identifying trends, exposures & emerging risks
- Ability to support quantitative risk assessments, risk appetite monitoring, and risk reporting.
- Experience using statistical, actuarial, or risk modelling techniques would be advantageous.
- 2. Internal Model & Capital Modelling Knowledge
- Experience supporting risk management frameworks within a Lloyd's, syndicate, insurer, MGA, or consulting environment.
- Understanding of insurance risk categories including underwriting, reserving, capital, operational, and exposure management risks.
- 3. Internal Model & Capital Modelling Knowledge
- Experience supporting Internal Model, Partial Internal Model, or Standard Formula/Standard Model environments.
- Understanding of model governance, model validation, capital requirements, and regulatory expectations.
- Exposure to SCR validation, model change processes, or capital adequacy assessments is desirable.
- 4. ORSA, Stress Testing & Scenario Analysis
- Experience contributing to ORSA production and wider risk management reporting.
- Knowledge of stress and scenario testing frameworks, including analysing the impact of adverse risk events on capital and solvency positions.
- Ability to communicate quantitative findings clearly to stakeholders.
- 5. Governance & Technical Reporting
- Experience preparing reports, papers, and presentations for governance committees, boards, or senior stakeholders.
- Strong written communication skills with the ability to document methodologies, validation findings, and risk assessments clearly and accurately.
- Understanding of risk governance processes and committee structures.
- 6. Stakeholder Management & Collaboration
- Proven ability to build effective working relationships across Risk, Actuarial, Exposure Management, Capital Modelling, and wider business functions.
- Comfortable engaging with both technical and non-technical stakeholders, including external validators and regulatory-facing teams.
- Strong organisational skills with the ability to manage multiple priorities and meet reporting deadlines
- #J-18808-Ljbffr
Quantitative Risk Analyst (12 month FTC) employer: Davies
Join a dynamic and supportive team in London, where your career as a Crime & Regulatory Paralegal will flourish. With hands-on exposure to complex cases and the opportunity to learn from leading experts, you'll benefit from a culture that prioritises professional growth and well-being, alongside competitive perks like a generous holiday allowance and health support services. This is not just a job; it's a chance to build a meaningful and rewarding legal career in a highly respected field.
StudySmarter Expert Advice🤫
We think this is how you could land Quantitative Risk Analyst (12 month FTC)
✨Join Financial Networking Events
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We think you need these skills to ace Quantitative Risk Analyst (12 month FTC)
Some tips for your application 🫡
Show Off Your Academic Achievements:In banking and financial services, your academic record can really make you stand out. List relevant grades, certifications, or coursework on your CV, especially if you've taken finance-related modules. This is particularly important for a temporary role where qualifications can help you shine even brighter!
Highlight Relevant Experience:If you’ve done any internships, part-time roles, or even coursework that aligns with banking or finance, make sure you include those! Showcase specific tasks where you used quantitative skills or analytical thinking, as this is what the hiring managers at Davies will be keen to see in your application.
Tailor Your Cover Letter Purposefully:When writing your cover letter, focus on why you’re interested in a temporary position at Davies. Let them know how you can quickly adapt to the team's needs and how eager you are to learn the ropes of the banking sector during this short stint. Your motivation and enthusiasm could really set you apart!
Be Prepared with References:For temporary roles, references can play a crucial role in your application. Make sure you’ve got a couple of references lined up who can vouch for your skills and work ethic. This helps to give Davies confidence in your short-term commitment to the role.
How to prepare for a job interview at Davies
✨Brush Up on Financial Regulations
Since this is a role in banking and financial services, be ready to discuss key regulations like MiFID, Basel III, or GDPR. These are hot topics, and your awareness of how they impact daily operations can give you a significant edge during your interview with Davies.
✨Showcase Your Analytical Skills
Prepare for interview questions that assess your analytical abilities. You might need to tackle hypothetical scenarios involving risk assessment or financial forecasting. Bringing examples of relevant projects or coursework can emphasise your practical understanding of these concepts.
✨Highlight Flexibility and Adaptability
For a temporary role, showing that you can quickly pick up new processes and tools is crucial. Be ready to discuss previous experiences where you had to adapt to changing requirements or tight deadlines, as this will reassure Davies that you’re a reliable team player.
✨Demonstrate a Willingness to Learn
In a temporary position, leaning into your eagerness to learn can really set you apart. Be prepared to share how you’re staying updated on industry trends or any additional training you've pursued. Employers appreciate candidates who are proactive about their development—even for short-term roles.
