At a Glance
- Tasks: Support risk management by maintaining registers and producing reports for senior management.
- Company: Join a leading third-party managing agent team at Lloyd's.
- Benefits: Competitive salary and a 9-month contract with potential for growth.
- Other info: Work closely with in-house teams and engage with senior stakeholders.
- Why this job: Make a real impact in risk management within the dynamic insurance market.
- Qualifications: Experience in risk management and familiarity with Lloyd's standards required.
The predicted salary is between 45000 - 55000 £ per year.
This role sits within a specialist third-party managing agent team embedded directly into client operations at Lloyd's. The Risk Analyst supports the client's risk management function, working alongside in-house teams to maintain frameworks, contribute to process improvement, and provide day-to-day analytical support across the risk lifecycle.
Key Responsibilities:
- Maintain and update the risk register, ensuring entries are accurate, current, and appropriately evidenced.
- Support the production of risk reporting for board, committee, and senior management audiences.
- Assist in the identification, assessment, and monitoring of operational, underwriting, and market risks.
- Contribute to Own Risk and Solvency Assessment (ORSA) processes and supporting documentation.
- Liaise with business areas to embed risk appetite frameworks and escalation procedures.
- Identify opportunities to improve risk processes, controls, and reporting workflows.
- Support stress and scenario testing exercises, documenting assumptions and outputs.
- Maintain awareness of Lloyd's risk management requirements, including those set out in the Minimum Standards.
This role is placed and managed by a specialist third-party managing agent. Candidates will be embedded directly into the client's team.
Requirements:
- Background in risk management within the Lloyd's or London insurance market.
- Familiarity with Lloyd's Minimum Standards and the Solvency II risk framework.
- Experience producing risk registers, appetite statements, and board-level risk reports.
- Competent with Excel and data tools; exposure to GRC platforms or risk systems an advantage.
- Able to engage credibly with senior stakeholders while working independently day‑to‑day.
- Process-oriented with an eye for control gaps and reporting improvements.
Benefits:
- Competitive Salary.
- Initial 9-month contract.
Risk Analyst - Insurance in Gloucester employer: G MASS
As a Risk Analyst within a specialist third-party managing agent team at Lloyd's, you will thrive in a dynamic work culture that prioritises collaboration and innovation. The company offers competitive salaries and fosters employee growth through exposure to high-level risk management processes and direct engagement with senior stakeholders, making it an excellent employer for those seeking meaningful and rewarding careers in the insurance sector.
StudySmarter Expert Advice🤫
We think this is how you could land Risk Analyst - Insurance in Gloucester
✨Dive into Industry Groups
Join compliance and risk management groups on platforms like LinkedIn and Facebook. These communities often share temp job postings and insights. You’d be surprised at how many temporary gigs float around through word of mouth!
✨Showcase Your Expertise
Consider creating content on compliance topics that get you noticed—think LinkedIn articles or even a blog. This not only shows off your knowledge but can grab the attention of companies like G MASS when they’re searching for someone to fill a temporary position.
✨Tap into Recruitment Agencies
Reach out to recruitment agencies that specialise in compliance and risk roles. They’re usually in touch with companies looking to fill temporary roles, which can save us a lot of time in our job search.
✨Go Local with Networking
Attend local compliance and risk seminars or workshops. Meeting professionals in our area can open up temp opportunities, and it’s a great way to make your face known in the industry—plus, you might even meet someone from G MASS!
We think you need these skills to ace Risk Analyst - Insurance in Gloucester
Some tips for your application 🫡
Show Your Compliance Know-How:When you’re applying for a compliance-risk role like Risk Analyst - Insurance, make sure to highlight your understanding of industry regulations and risk management principles. Mention any relevant coursework, certifications, or projects that showcase your expertise in these areas—it's what sets you apart!
Highlight Your Analytical Skills:In the compliance-risk field, strong analytical skills are essential. Talk about your experiences that required critical thinking and data analysis, whether in past roles, internships, or academic projects. Show us how you've identified risks and implemented solutions in the past.
Tailor Your CV for the Temporary Role:Since this is a temporary role, focus on your availability and flexibility in your CV. Highlight any previous short-term roles or projects that demonstrate your ability to adapt quickly and deliver results in a fast-paced environment. This helps employers see you as an easy fit in their team!
A Concise Cover Letter is Key:Keep your cover letter short and focused! Explain why you're interested in the compliance-risk area specifically for this temporary position at G MASS. Mention what you hope to learn and achieve, showing your enthusiasm and motivation to contribute positively during your time there.
How to prepare for a job interview at G MASS
✨Know Your Compliance Basics
Make sure you're clued up on the key compliance and risk regulations pertinent to the industry you're applying to. Understanding frameworks like GDPR or AML will not only impress but also show that you’re ready to hit the ground running in your temporary role at G MASS.
✨Prepare for Scenarios
Expect scenario-based questions that test your problem-solving skills. They might ask how you'd handle a specific compliance issue. Think through real situations you’ve encountered in past roles or study hypothetical cases to showcase your analytical skills and practical judgement during the interview.
✨Highlight Your Adaptability
Since this is a temporary position, emphasise your ability to adapt quickly to new environments and team dynamics. Share examples of how you’ve successfully adjusted to changes in past roles and how this flexibility can benefit G MASS in the short term.
✨Gather Your Technical Tools
Familiarise yourself with commonly used compliance tools or software, as they might come up in the interview. If you've used tools for risk assessments or compliance tracking, mention those and be ready to discuss how they can streamline processes at G MASS.
