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- Tasks: Support risk management activities and develop enterprise risk frameworks.
- Company: Dynamic insurance company focused on collaboration and innovation.
- Benefits: Hybrid working, competitive salary, and opportunities for professional growth.
- Why this job: Join a team that empowers others and drives meaningful change in the insurance sector.
- Qualifications: Degree level education and experience in risk management preferred.
- Other info: Exciting career development opportunities in a supportive environment.
The predicted salary is between 36000 - 60000 £ per year.
With a company culture rooted in collaboration, expertise and innovation, we aim to promote progress and inspire our clients, employees, investors and communities to achieve their greatest potential. Our work is the catalyst that helps others achieve their goals. In short, We Enable Possibilityâ„ .
Role Summary and Purpose
The main purpose of the role is to support the Risk Function’s business risk partners to ensure the operation of an effective and robust enterprise risk management framework across Arch’s Lloyd’s, London Market and UK P&C businesses.
Key Tasks and Responsibilities
- Support in the ongoing development and maintenance of the entity risk registers.
- Assist with the review of risk policies.
- Support the business risk partners in the quarterly risk assessments, controls assessments, KRI updates, and other risk management activities as required.
- Support the business risk partners with risk reviews and create initial draft content.
- Provide support to ensure that the ORSA process is undertaken in accordance with the ORSA Policy, including collation of information and preparation of the ORSA reports.
- Assist in the investigation and remediation of risk events, control failings or weaknesses, and monitoring risk function actions. Assisting with root cause analysis, lessons learned and loss quantification.
- Perform quarterly control validation with stakeholders, reviewing supporting evidence and suggesting recommendations to control wordings.
- Support the emerging risks process by performing horizon scanning to identify new emerging risks and liaising with underwriters and other stakeholders where necessary, and review quarterly ORIC content for additional emerging risks.
- Assist in preparing risk and control information for internal and external audiences including relevant Committees and the Board.
- Provide risk management training, and ongoing support, to stakeholders.
- Play a leading role in the development and maintenance of the Risk Function’s GRC tool (Decision Focus), including training system users and the development of the system’s AI functionality.
Role Requirements & Skills
Skills / Competencies
- Knowledge of the components of a Risk Management Framework would be preferable.
- Preferably GRC tool experience, particularly Decision Focus.
- Strong written and spoken communication skills.
- Ability to prioritise and challenge.
- Must be aligned with Arch’s values and behaviours, including being a committed team player and having a positive mindset.
Qualifications
- Preferably educated to degree level.
- Studying for relevant professional exams would be preferable.
Experience
- Up to 5 years’ experience in the insurance sector, preferably in Lloyd’s or the London Market.
- At least three years of relevant Risk Management experience.
Senior Risk Analyst in City of London employer: McNeil & Co.
Contact Detail:
McNeil & Co. Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Senior Risk Analyst in City of London
✨Tip Number 1
Network like a pro! Reach out to people in the industry, especially those already working at Arch. A friendly chat can open doors and give you insider info about the company culture and the role.
✨Tip Number 2
Prepare for the interview by researching common risk management scenarios. Think about how you'd handle them and be ready to share your insights. We want to see your problem-solving skills in action!
✨Tip Number 3
Show off your passion for risk management! During interviews, share examples of how you've tackled challenges in the past. This will help us see your commitment and expertise in the field.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets noticed. Plus, you can set up job alerts to stay updated on new opportunities that match your skills.
We think you need these skills to ace Senior Risk Analyst in City of London
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the Senior Risk Analyst role. Highlight your relevant experience in risk management and any specific tools you've used, like Decision Focus. We want to see how your skills align with what we're looking for!
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you're passionate about risk management and how you can contribute to our team. Keep it concise but impactful – we love a good story!
Showcase Your Communication Skills: Since strong written communication is key for this role, make sure your application is clear and well-structured. We appreciate a good flow, so proofread your documents to avoid any typos or awkward phrasing.
Apply Through Our Website: We encourage you to apply directly through our website. It’s the best way for us to receive your application and ensures you’re considered for the role. Plus, it’s super easy – just follow the prompts!
How to prepare for a job interview at McNeil & Co.
✨Know Your Risk Management Framework
Make sure you brush up on the components of a Risk Management Framework. Be ready to discuss how you've applied these in your previous roles, especially in the insurance sector. This will show that you understand the core of what the company is looking for.
✨Showcase Your GRC Tool Experience
If you have experience with GRC tools like Decision Focus, highlight it! Prepare examples of how you've used such tools to enhance risk management processes. This will demonstrate your technical skills and your ability to contribute from day one.
✨Prepare for Scenario-Based Questions
Expect questions that ask you to analyse risk events or control failings. Think of specific instances where you identified risks and how you addressed them. This will help you illustrate your problem-solving skills and your proactive approach to risk management.
✨Emphasise Team Collaboration
Since the role requires working closely with business risk partners, be prepared to discuss your teamwork experiences. Share examples of how you've collaborated with others to achieve common goals, showcasing your alignment with the company's values of collaboration and innovation.
