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For Companies At a Glance
- Tasks: Join a dynamic team to manage risk and support strategic decisions.
- Company: Be part of a growing Lloyd’s Managing Agent with a collaborative culture.
- Benefits: Enjoy a permanent role in a high-impact environment with opportunities for growth.
- Why this job: Gain hands-on experience in risk management while building valuable relationships across the business.
- Qualifications: 2-5 years in risk, compliance, or internal audit; strong communication skills required.
- Other info: Ideal for proactive individuals eager to contribute beyond their job title.
The predicted salary is between 36000 - 60000 £ per year.
A growing Lloyd’s Managing Agent is seeking a proactive and analytical Risk Analyst to join its close-knit Risk team. With big plans and a collaborative culture, this is an opportunity to roll up your sleeves and get hands-on with all aspects of risk management while building meaningful relationships across the business.
The Role
Working closely with the Risk Manager and the wider executive team, you’ll support the development and embedding of the enterprise risk management (ERM) framework across the company’s syndicate and corporate platforms. This is a highly visible role, ideal for someone who thrives in a broad, fast-paced environment, with exposure to everything from technical reporting to strategic conversations.
Key responsibilities include:
- Maintaining and updating the Risk Register and supporting the RCSA process
- Producing risk MI and reports for committees, board packs, and regulators
- Supporting the ORSA process, including coordination of risk inputs and documentation
- Facilitating risk workshops and engaging with stakeholders across underwriting, finance, operations, compliance, and more
- Supporting stress and scenario testing, and risk appetite monitoring
- Helping drive awareness of risk throughout the business
What We’re Looking For
- 2–5 years' experience in risk, compliance, actuarial, or internal audit within (re)insurance or financial services
- Exposure to Lloyd’s or PRA regulatory expectations is highly desirable
- Excellent communication and stakeholder skills—you’ll be talking to everyone from junior staff to ExCo
- Strong attention to detail, plus confidence working with data and reporting tools
- A hands-on, team-oriented mindset and the desire to contribute beyond your job title
Risk Analyst employer: IDEX Consulting Ltd
Contact Detail:
IDEX Consulting Ltd Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Risk Analyst
✨Tip Number 1
Familiarise yourself with the Lloyd’s market and its regulatory environment. Understanding the specific challenges and expectations of Lloyd’s will help you demonstrate your knowledge during interviews and discussions.
✨Tip Number 2
Network with professionals in the risk management field, especially those who work within Lloyd’s or similar environments. Attend industry events or join relevant online forums to build connections that could lead to referrals.
✨Tip Number 3
Prepare to discuss your experience with risk registers and reporting tools. Be ready to share specific examples of how you've contributed to risk management processes in previous roles, as this will showcase your hands-on approach.
✨Tip Number 4
Demonstrate your communication skills by preparing to engage with a variety of stakeholders. Think of ways to illustrate your ability to convey complex risk concepts clearly and effectively to both technical and non-technical audiences.
We think you need these skills to ace Risk Analyst
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in risk, compliance, or internal audit. Emphasise any exposure to Lloyd’s or PRA regulatory expectations, as this is highly desirable for the role.
Craft a Compelling Cover Letter: Write a cover letter that showcases your analytical skills and proactive mindset. Mention specific examples of how you've contributed to risk management in previous roles, and express your enthusiasm for working in a collaborative environment.
Highlight Communication Skills: Since the role requires excellent communication and stakeholder skills, provide examples in your application that demonstrate your ability to engage with various levels of staff, from junior employees to executives.
Showcase Attention to Detail: In your application, mention instances where your strong attention to detail has positively impacted your work, especially in data handling or reporting. This will align well with the requirements of the Risk Analyst position.
How to prepare for a job interview at IDEX Consulting Ltd
✨Understand the Role and Responsibilities
Make sure you thoroughly understand the key responsibilities of a Risk Analyst as outlined in the job description. Familiarise yourself with terms like ERM framework, RCSA process, and ORSA. This will help you demonstrate your knowledge and show that you're genuinely interested in the role.
✨Prepare for Technical Questions
Given the analytical nature of the position, be ready to answer technical questions related to risk management, compliance, and reporting tools. Brush up on your knowledge of Lloyd’s and PRA regulatory expectations, as this could come up during the interview.
✨Showcase Your Communication Skills
Since the role involves engaging with various stakeholders, practice articulating your thoughts clearly and confidently. Prepare examples of how you've effectively communicated complex information in previous roles, especially to non-technical audiences.
✨Demonstrate a Team-Oriented Mindset
The company values collaboration, so be prepared to discuss your experiences working in teams. Highlight instances where you've contributed beyond your job title and how you’ve built relationships across different departments.
