At a Glance
- Tasks: Manage financial risk and influence key decisions at Lloyd's insurance marketplace.
- Company: Join Lloyd's, the world's leading insurance and reinsurance marketplace.
- Benefits: Inclusive culture, professional development, and a chance to make an impact.
- Other info: Opportunity for career growth in a dynamic global environment.
- Why this job: Shape financial strategies and work with top industry experts.
- Qualifications: Strong financial risk knowledge and analytical skills required.
The predicted salary is between 63000 - 77000 £ per year.
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.
Make the market better. It starts with you.
Lloyd’s is the world’s leading insurance and reinsurance marketplace. We bring together leading risk specialists to advance global progress.
We’re looking for a Senior Associate to help us understand and manage financial risk across Lloyd’s.
You’ll focus on the capital, investment and liquidity risks affecting both the Corporation and the wider Lloyd’s market.
This is an opportunity to influence important decisions, challenge established thinking and strengthen how financial risk is managed.
You’ll work with specialists and senior stakeholders across Lloyd’s, turning complex analysis into clear insight and action.
What you’ll be doing
You’ll provide independent oversight and constructive challenge across our financial risk landscape. Your responsibilities will include:
- Identifying and assessing capital, investment and liquidity risks.
- Challenging how financial risks are managed and recommending improvements.
- Providing risk insight and formal opinions on strategic finance initiatives.
- Supporting a risk-based approach to syndicate oversight.
- Monitoring emerging risks and leading focused thematic reviews.
- Supporting the validation of Lloyd’s Internal Model, including its Investment Risk Model and Economic Scenario Generator.
- Improving the processes, systems and data analytics used by the Risk Management team.
- Contributing to the ORSA, stress and scenario testing, regulatory submissions and risk reporting.
- Presenting clear analysis to senior management and the Risk Committee.
- Building trusted relationships across Treasury, Investment Management and Central Finance.
- Leading and supporting projects in response to changing business priorities.
You’ll also manage one direct report, helping them contribute, develop and deliver high‑quality work.
What you’ll bring
You’ll have strong financial risk expertise and the confidence to ask thoughtful questions.
You can work through complex information, form a balanced view and explain your conclusions clearly.
We’re looking for
- Strong knowledge of financial risk, particularly capital, investment and liquidity risk.
- Experience applying risk management frameworks and methodologies.
- A good understanding of financial markets and the role of different asset classes in insurers’ portfolios.
- Experience providing oversight, challenge and advice to technical specialists.
- Strong analytical skills, with the ability to turn detailed information into practical recommendations.
- The confidence to influence senior stakeholders in formal and informal settings.
- Clear written and verbal communication skills.
- Experience leading initiatives or projects across different teams.
- The ability to prioritise effectively and adapt as risks and business needs evolve.
Knowledge of Solvency II or Solvency UK, insurance liabilities and the Lloyd’s market would be valuable.
Experience in risk or capital modelling, including Economic Scenario Generators, would also be beneficial.
A relevant professional qualification, such as actuarial qualification or the CFA Charter, would be advantageous.
But we’re equally interested in the expertise, judgement and perspective you can bring.
Why join us?
At Lloyd’s, you’ll help protect the marketplace while enabling it to grow and evolve.
You’ll work with talented people across our global network, sharing insight and challenging assumptions to deliver better outcomes.
How we work matters. We take the risk, make things happen and own the outcome. You’ll have a voice here, along with the support and opportunity to use it.
We’re committed to building an inclusive environment that reflects the global markets we serve.
We want everyone to be treated with dignity and respect, supported in their wellbeing and able to reach their full potential.
We welcome conversations about workplace adjustments throughout the recruitment process. If you meet many, but not every, requirement, we still encourage you to apply.
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 – Financial Risk – 12 Month FTC employer: Lloyd's
Lloyd’s is an exceptional employer that prioritises integrity and excellence in the financial services sector. With a strong commitment to employee development, you will find ample opportunities for growth and advancement within a collaborative and supportive work culture. Located in the heart of London, our dynamic environment fosters innovation and offers unique benefits, including access to industry-leading training programmes and a diverse network of professionals.
StudySmarter Expert Advice🤫
We think this is how you could land Senior Associate – Financial Risk – 12 Month FTC
✨Join Financial Networking Events
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✨Connect with Alumni from Your Uni
Don't underestimate the power of your university’s alumni network. Many former students are working in banking and can help you find temporary roles or even offer mentorship. Reach out directly or attend alumni events to broaden your circle.
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We think you need these skills to ace Senior Associate – Financial Risk – 12 Month FTC
Some tips for your application 🫡
Show Off Your Academic Achievements:In banking and financial services, your academic record can really make you stand out. List relevant grades, certifications, or coursework on your CV, especially if you've taken finance-related modules. This is particularly important for a temporary role where qualifications can help you shine even brighter!
Highlight Relevant Experience:If you’ve done any internships, part-time roles, or even coursework that aligns with banking or finance, make sure you include those! Showcase specific tasks where you used quantitative skills or analytical thinking, as this is what the hiring managers at Lloyd's will be keen to see in your application.
Tailor Your Cover Letter Purposefully:When writing your cover letter, focus on why you’re interested in a temporary position at Lloyd's. Let them know how you can quickly adapt to the team's needs and how eager you are to learn the ropes of the banking sector during this short stint. Your motivation and enthusiasm could really set you apart!
Be Prepared with References:For temporary roles, references can play a crucial role in your application. Make sure you’ve got a couple of references lined up who can vouch for your skills and work ethic. This helps to give Lloyd's confidence in your short-term commitment to the role.
How to prepare for a job interview at Lloyd's
✨Brush Up on Financial Regulations
Since this is a role in banking and financial services, be ready to discuss key regulations like MiFID, Basel III, or GDPR. These are hot topics, and your awareness of how they impact daily operations can give you a significant edge during your interview with Lloyd's.
✨Showcase Your Analytical Skills
Prepare for interview questions that assess your analytical abilities. You might need to tackle hypothetical scenarios involving risk assessment or financial forecasting. Bringing examples of relevant projects or coursework can emphasise your practical understanding of these concepts.
✨Highlight Flexibility and Adaptability
For a temporary role, showing that you can quickly pick up new processes and tools is crucial. Be ready to discuss previous experiences where you had to adapt to changing requirements or tight deadlines, as this will reassure Lloyd's that you’re a reliable team player.
✨Demonstrate a Willingness to Learn
In a temporary position, leaning into your eagerness to learn can really set you apart. Be prepared to share how you’re staying updated on industry trends or any additional training you've pursued. Employers appreciate candidates who are proactive about their development—even for short-term roles.