At a Glance
- Tasks: Support strategic projects on non-natural catastrophe risk and enhance market understanding.
- Company: Join Lloyd’s, the leading insurance marketplace, committed to a braver future.
- Benefits: Enjoy flexible working, generous pension, healthcare, and professional development support.
- Other info: Diversity and inclusion are key; we value every voice and offer a supportive environment.
- Why this job: Make a real impact in risk management while collaborating with industry experts.
- Qualifications: Strong project management, analytical skills, and ability to communicate complex information.
The predicted salary is between 60000 - 75000 £ per year.
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.
Role Overview
The purpose of the role is to support the Non-Natural Catastrophe (NNC) Risk Specialist to plan, execute and deliver on NNC projects and initiatives aligned to strategy, and to provide subject-matter expertise regarding non-natural catastrophe risk and its management across the Lloyd’s market, to provide input and informed challenge to the oversight and analytics work done within the wider Exposure Management and Aggregation team.
- Principal Accountabilities
- Management and delivery of defined Exposure Management-run strategic projects, which improve Lloyd’s wider understanding and management of NNC risk.
- Contribute NNC subject matter expertise to wider Lloyd’s (and market) projects and business objectives as and when required.
This will include representing Lloyd’s NNC Exposure Management in both internal and external cross-team working groups and forums.
- Ownership of the operational maintenance and future development of NNC Principle Based Oversight (PBO) materiality and expected maturity calculations.
- Provide wider training to the Exposure Management Oversight team in NNC exposure management best practice, and play a part in implementing a risk-based framework for the review of syndicates’ View of Risk validation and model change submissions.
- Support Lloyd’s Exposure Management team in delivering consistent Principles Based Oversight (PBO) for NNC risk, and contribute to the maintenance of Lloyd’s high-level view of market-wide NNC exposure management capabilities.
- Participate in event response activities for non-natural peril events.
- Contribute to the cross-team review of new entrants to the Lloyd’s market with predominantly non-natural catastrophe risk profiles.
- Support the NNC Risk Specialist in responding to ad hoc enquiries from regulators, rating agencies and other external and internal stakeholders.
- Provide technical input to the enhancement of the data and risk analysis, reporting and evaluation tools used within the EMA team, and the team’s capability to disseminate exposure management information throughout Lloyd’s.
- Deputise for the Non-Natural Catastrophe Risk Specialist as required.
Skills
- Ability to dynamically manage projects, manage stakeholder expectations and deliver agreed outputs on schedule.
- Ability to objectively and critically review syndicate and team outputs from the perspective of considering market-wide capabilities.
- Ability to analyse, structure and distil information concisely and clearly.
- Numeric/mathematical skills and excellent written English.
- Ability to understand and explain complex technical information effectively to a variety of stakeholders.
- Ability to communicate confidently and demonstrate technical credibility.
- Very strong administrative, organisational and prioritisation skills.
- Proven collaboration skills; ability to work across teams and organisations.
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: https://cleartalents. com/apply/lloyds-msa1645695881
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StudySmarter Expert Advice🤫
We think this is how you could land Non-Natural Catastrophe Risk - Strategic Market Projects
✨Dive Into Industry Networking Events
Get your foot in the door by attending insurance industry events and conferences. Not only will you learn about the latest trends, but you'll also meet potential employers and industry peers. Check out local chapters of professional bodies like the Chartered Insurance Institute for valuable meetups.
✨Use LinkedIn to Your Advantage
Don’t underestimate the power of LinkedIn in the insurance world. Engage with industry content, join relevant groups, and connect with professionals at companies you admire (like Lloyd's). A thoughtful message explaining your interest can really make a difference!
✨Look Out for Graduate Schemes
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✨Leverage Your Current Connections
Got friends or family in the industry? Now’s the time to reach out! Personal referrals can give you a head start, so let them know you're on the lookout for full-time opportunities at places like Lloyd's. Don’t shy away from asking for a coffee chat; you never know what doors it might open!
We think you need these skills to ace Non-Natural Catastrophe Risk - Strategic Market Projects
Some tips for your application 🫡
Highlight Your Analytical Skills:In insurance, we love a candidate who can crunch numbers and analyse data effectively. When crafting your CV, make sure to showcase any relevant coursework or experiences that highlight your analytical abilities, especially if you’ve tackled risk assessment or financial modelling.
Showcase Industry Knowledge:Don’t be shy about your knowledge of the insurance sector! We want to see that you've done your homework on current trends, regulations, and challenges in the industry. Mention any relevant projects or studies you’ve completed that demonstrate your understanding of the field in your cover letter.
Craft a Compelling Cover Letter:Your cover letter should tell us why you’re passionate about insurance. Share any personal experiences or what drew you into this profession. We’re looking for enthusiasm and a clear motivation for why you want to be part of our team at Lloyd's.
Tailor Your CV for the Role:Don't just send a generic CV! Focus on tailoring it specifically for the insurance role at Lloyd's. Highlight relevant skills such as risk management, customer service experience, or any certifications you've earned in the industry to make your application stand out.
How to prepare for a job interview at Lloyd's
✨Know Your Numbers: Insurance Fundamentals
Brush up on your understanding of key insurance concepts, like underwriting principles and risk assessment. Expect the interviewer at Lloyd's to throw some technical questions your way, so be ready to demonstrate your grasp of these essentials.
✨Showcase Your Analytical Side
In the insurance world, it's all about data. Prepare to discuss any analytical tools or methodologies you've used in past experiences. If you have a portfolio of projects where you've tackled complex data, bring that along to impress the team!
✨Prepare for Behavioural Questions
As a full-timer at Lloyd's, they'll want to know how you handle real-life scenarios, not just theory. Think about challenges you've faced in teamwork or customer service, and how those experiences can relate to a career in insurance.
✨Know the Company Culture Inside Out
Understanding Lloyd's's values and workplace culture is essential. Don’t just memorise their mission statement; think about how your personal values align with theirs. This will show your genuine interest in being part of their team long-term.