Senior Associate (Insurance Risk)

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.

You will support the effective operation and continuous enhancement of Lloyd’s financial risk framework through robust oversight, challenge, analysis and reporting, ensuring that material financial risks - particularly in relation to underwriting, reserving, capital and assets of both the Corporation and the wider Lloyd’s market - are appropriately identified, assessed and managed in line with Lloyd’s risk appetite.

• Contribute to the identification, assessment and monitoring of key financial risks faced by Lloyd’s, with a focus on underwriting, reserve, capital, investment and liquidity risks.
• Deliver strong and independent risk oversight, challenging first-line functions on methodologies, assumptions, controls and governance, and recommending improvements where necessary.
• Support the development and operation of systemic risk frameworks, including the design, execution and analysis of stress & scenario testing across financial risks.
• Escalate material risks appropriately through the governance framework, ensuring timely and accurate communication of emerging or heightened risk exposures.
• Lead or contribute to thematic reviews, lessons-learned exercises and validation activities, ensuring findings are robust, evidence-based and implemented in conjunction with relevant Corporation teams.
• Contribute to regular and ad hoc financial risk reporting, including ORSA submissions, Committee papers and market-wide insights.
• Respond flexibly and effectively to ad hoc analysis requests and projects, ensuring high-quality, timely outputs for senior stakeholders and leadership.

• Actuarial, technical risk management or similar background desirable (qualification beneficial but not essential).
• Understanding of the Lloyd’s and wider insurance market, including underwriting, reserve capital, investment and liquidity risks (Would be beneficial).
• Experience engaging with and constructively challenging senior stakeholders.
• Proven experience operating within or alongside risk management frameworks, processes, or oversight functions.
• Experience contributing to risk reporting, stress & scenario testing, or financial risk analysis is advantageous.
• Technical financial risk expertise with demonstrable skills in pricing, reserving, capital or broader actuarial/risk analysis.
• Analytical capability, able to interrogate complex data, challenge assumptions and reach sound, evidence-based conclusions.
• Stakeholder management, capable of building strong relationships and influencing senior stakeholders to achieve effective risk outcomes.
• Strong risk identification and prioritisation skills, able to justify decisions using a risk-based lens.
• Confident in applying constructive challenge, demonstrating resilience and professionalism under scrutiny.
• Project management capability, ensuring timely delivery of BAU and change projects (e.g., implementation of new processes or frameworks).

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.

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 will 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.