Manager, Financial Risk (Liabilities) | London, UK

Lloyd\'s is the world\'s leading insurance and reinsurance marketplace. We share the collective intelligence and risk sharing expertise of the market\'s brightest minds, working together for a braver world.
Our role is to inspire courage, so tomorrow\'s progress isn\'t limited by today\'s risks.
Our shared values: we are brave; we are stronger together; we do the right thing; guide what we do and how we act. If you share our values and our passion to build a future that\'s more sustainable, resilient and inclusive, you\'ll find a home at Lloyd\'s - build a braver future with us.
Lloyd\'s are recruiting for Manager, Financial Risk (Liabilities) on an FTC basis until the end of 2025. The role is responsible for ensuring the effective management of the financial risks faced by Lloyd\'s, with a focus on those impacting the capital or assets of both the Corporation and the wider
Lloyd\'s market.
Principal Accountabilities
Contribute to the identification and assessment of the financial risks faced by Lloyd\'s, in
particular underwriting, reserving, catastrophe exposure (natural and non-natural) and outwards
reinsurance risks
Provide robust risk oversight and challenge to the functions responsible for managing those
financial risks, making recommendations for improvements in the control environment where
necessary
Provide assurance over the Lloyd\'s Principles Based Oversight framework which is a key control
in managing syndicate capability risks
Provide risk input into key Lloyd\'s strategic initiatives, including providing formal risk opinions as
required to outline potential impacts on the risk profile and control environment
Assess forward looking risk landscape and conduct thematic reviews and implement any
recommendations or findings in conjunction with relevant Corporation teams
Supporting the production of regulatory submissions and requests, the ORSA and regular risk
monitoring and reporting to management, including reporting to the Risk Committee, escalating
heightened risks as required
Build and maintain excellent relationships with all relevant Corporation departments, including
Market Reserving & Capital, Exposure Management, Underwriting, Outwards Reinsurance and
Market Oversight teams.
Respond with agility to requests (i.e. adhoc projects) from the Chief Risk Officer or Head of Risk
Management.
Skills, Knowledge and Experience
Knowledge of The nature of insurance liabilities
Risk Management and Financial Risk Management
An understanding of the insurance industry and the Lloyd\'s market.
Breadth of experience of risk management frameworks and methodology with knowledge of
Solvency II
Evidence of influencing outcomes with senior management in both formal (e.g.
committee) and informal settings.
Experience of one or more of the risks in the scope of the role (underwriting, reserving,
catastrophe, reinsurance)
Experience in managing senior stakeholders including challenging or unsupportive stakeholders
Qualified actuary or CFA Charterholder
Diversity and inclusion are a focus for us - Lloyd\'s aim is to build a diverse, inclusive environment that reflects the global markets we work in. One where everyone is treated with dignity and respect to achieve their full potential. In practice, this means we are positive and inclusive about making workplace adjustments, we offer regular health and wellbeing programmes, diversity and inclusion training, employee networks, mentoring and volunteering opportunities as well as investment into your professional development. You can read more about diversity and inclusion on our website.
We understand that our work/life balance is important to us all and that a hybrid of working from the office and home can offer a great level of flexibility. Flexible working forms part of a total reward approach which offers a host of other benefits over and above the standard offering (generous pension, healthcare, wellbeing etc). These include financial support for training, education & development, a benefit allowance (to spend on our flexible benefits such as gym membership, dental insurance, extra holiday or to partake in our cycle to work scheme), employee recognition scheme and various employee discount schemes.
By choosing Lloyd\'s, you\'ll be part of a team that brings together the best minds in the industry, and together with our underwriters and brokers, we create innovative, responsive solutions allowing us to share risk and solve complex problems.
Should you require any additional support with your application, or any adjustments, please click the following link;
note, clicking on this link does not register your application for the vacancy

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