At a Glance
- Tasks: Support and challenge stakeholders in managing operational risks effectively.
- Company: Join Lloyd's, the world's leading insurance and reinsurance marketplace.
- Benefits: Competitive salary, professional development, and a diverse, inclusive work environment.
- Other info: Collaborative culture with excellent career growth opportunities.
- Why this job: Play a critical role in shaping operational risk practices at a globally recognised organisation.
- Qualifications: Experience in operational risk management and strong stakeholder communication skills.
The predicted salary is between 60750 - 74250 £ per year.
We are seeking a Senior Associate - Operational Risk to join our Advisory & Oversight team.
This role supports the development and execution of Lloyd's operational risk framework, partnering closely with business functions-particularly Finance-to ensure operational risks are effectively managed.
You will provide both support and constructive challenge to stakeholders, helping ensure risks arising from people, processes, systems, and external events are identified and managed within appetite.
- Partner with business functions to ensure operational risks are clearly identified, assessed, and managed within risk appetite
- Support and challenge stakeholders on their risk management approach and practices
- Drive effective use of risk tools, including: Risk & Control Self-Assessments, Incident and event reporting, Risk appetite and emerging risk reporting, Stress and scenario testing
- Lead or contribute to thematic risk reviews, providing independent assurance and actionable recommendations
- Deliver clear and insightful reporting to risk committees and senior stakeholders
- Build effective risk reporting outputs using data and risk systems
- Develop strong relationships across the organisation, including senior stakeholders
- Support ad hoc projects and risk-related initiatives as required
Core skills
- Strong stakeholder management and communication skills
- Ability to challenge constructively and influence at senior levels
- Analytical mindset with the ability to interpret and communicate complex risk topics
- Strong organisational skills with the ability to manage multiple priorities
- Collaborative approach with the ability to work effectively in a team environment
- Project and change management capability
Knowledge & experience
- Experience in operational risk management or applying risk frameworks, tools, and processes
- Understanding of operational business functions (particularly Finance)
- Knowledge of risk methodologies (e. g. risk assessment, incident management, Solvency II principles)
- Experience working with senior stakeholders and contributing to governance forums or committees, Professional qualifications such as IRM or CII (desirable or working towards)
Lloyd's is the world's leading insurance and reinsurance marketplace, bringing together the world's leading risk takers to advance global progress.
Our strategy is focused on delivering strong underwriting performance, operating an efficient and flexible marketplace, and maximising the capital advantage of the Lloyd's market - while continuing to build a Lloyd's we are proud of.
How we deliver this, matters.
We take the risk, make things happen, and own the outcome - working together across our global network to turn insight into impact.
Lloyd's is the world's leading marketplace for insurance and reinsurance, known globally for its expertise, integrity, and innovation.
Our Risk Management function plays a critical role in enabling the market to thrive by ensuring risks are effectively identified, assessed, and managed in line with our strategic objectives.
- Work at the heart of a globally recognised financial services organisation
- Gain exposure to senior stakeholders and key strategic risk matters
- Play a critical role in shaping and strengthening operational risk practices
- Be part of a collaborative, high-performing and purpose-driven organisation
Being inclusive at Lloyd's is integral to how we work - and how we deliver impact.
We aim to build a diverse, inclusive environment that reflects the global markets we serve, where everyone is treated with dignity and respect and supported to reach their full potential.
We take the risk by challenging traditional thinking and being proactive about inclusion.
That means being open and positive about workplace adjustments, prioritising health and wellbeing, and investing in diversity and inclusion training so everyone feels able to contribute and succeed.
We make things happen by turning our commitment into action.
Through employee networks, mentoring, volunteering opportunities and sustained investment in professional development, we create an environment where inclusion is experienced day-to-day - not just talked about.
We own the outcome by focusing on impact.
By bringing together diverse perspectives and the best minds in the industry, we work collaboratively with underwriters and brokers to create innovative, responsive solutions that share risk and solve complex problems across global markets.
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Senior Associate, Operational Risk in City of Westminster employer: Lloyd’s
Lloyd's is an exceptional employer that fosters a collaborative work culture, allowing you to lead complex programmes in a dynamic environment. With a strong focus on employee well-being and professional growth, we offer comprehensive benefits including healthcare, a generous pension, and opportunities for continuous development, all within the vibrant setting of Greater London.
StudySmarter Expert Advice🤫
We think this is how you could land Senior Associate, Operational Risk in City of Westminster
✨Tap into Campus Networks
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Join finance-focused groups on platforms like LinkedIn and engage in discussions. This can really help you stand out from the crowd, allowing potential employers to see your knowledge and interest in industry trends. Plus, you might stumble upon job postings shared exclusively within the group.
✨Apply Directly and Be Proactive
Don’t shy away from reaching out directly to firms like Lloyd’s. Use their websites and apply through them, but also consider following up with a polite email to express your enthusiasm. Being proactive can make a huge difference in getting noticed in the competitive financial services sector.
We think you need these skills to ace Senior Associate, Operational Risk in City of Westminster
Some tips for your application 🫡
Show Off Your Numbers!:In the banking and financial services world, quantifiable achievements are key. Make sure your CV highlights your grades in relevant subjects, any financial certifications you hold, and specific projects where you've delivered measurable results. Employers love to see how your skills translate into real-world success.
Tailor Your Cover Letter to the Role:When applying for a full-time position, your cover letter should make a direct connection between your experience and the job description. Don't just state your enthusiasm for finance—dive into how your background in banking or financial analysis sets you apart. Let your passion shine through while being specific about what you can bring to Lloyd’s.
Include Relevant Financial Software Experience:If you've worked with financial modelling tools or software like Excel, SAP, or specific analytical tools during your studies or internships, bring that up! Highlighting your proficiency can really make your application pop and show you're ready to hit the ground running in a full-time role.
Research and Reflect:Before hitting that 'apply' button on Lloyd’s's website, do a little digging. Look up their recent projects, values, and culture. Reflecting their ethos in your application can make a huge difference and show you’re genuinely interested in being part of the team!
How to prepare for a job interview at Lloyd’s
✨Brush Up on Financial Analysis Skills
Make sure you're well-versed in financial concepts and analytical techniques relevant to banking and financial services. Get comfortable with tools like Excel for modelling or financial forecasting, as technical questions in this area are common during interviews with Lloyd’s.
✨Prepare for Case Studies
Expect to tackle case studies that demonstrate your problem-solving skills in real-world banking scenarios. Familiarise yourself with the types of problems you might face—think risk assessments or investment evaluations—and be ready to articulate your thought process clearly.
✨Show Your Passion for Finance
Since this is a full-time position, employers at Lloyd’s will be keen to see your genuine interest in finance. Be prepared to discuss recent industry trends or news articles that excite you, showcasing your enthusiasm and engagement with the field.
✨Network with Industry Professionals
Before your interview, reach out to current or former Lloyd’s employees on platforms like LinkedIn. They'll offer unique insights into the company's culture and the interview process, which can give us a delightful edge in showcasing a good fit for the team.
