At a Glance
- Tasks: Support risk management activities and collaborate with business partners to enhance risk frameworks.
- Company: Dynamic company focused on collaboration, innovation, and empowering communities.
- Benefits: Competitive salary, professional development, and a supportive team environment.
- Other info: Join a vibrant team with opportunities for career advancement and personal growth.
- Why this job: Make a real impact in risk management while growing your skills in a collaborative setting.
- Qualifications: Degree level education and at least one year of experience in risk management.
The predicted salary is between 35000 - 45000 £ 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.
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 of the entity risk registers.
- Assist with the review of risk policies.
- Support the business risk partners in the quarterly risk assessments, risk reviews, controls assessments, KRI updates and other risk management activities as required.
- 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 of risk events, control failings or weaknesses, and monitoring risk function actions.
- Support the emerging risks process.
- 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 key role in the development and maintenance of the Risk Function’s GRC tool (Decision Focus), including training system users.
- Knowledge of the components of a Risk Management Framework would be preferable.
- Experience with GRC tools, preferably Decision Focus.
- Strong written and spoken communication skills.
- Ability to prioritise and challenge.
- Alignment with Arch’s values and behaviours, including being a committed team player and having a positive mindset.
- Preferably educated to degree level.
- At least one year of Risk Management experience in the insurance sector, preferably in Lloyd’s or the London Market.
Risk Analyst employer: Mcneil & Co.
At Arch, we pride ourselves on fostering a collaborative and innovative work environment that empowers our employees to thrive. As a Risk Analyst, you will benefit from comprehensive training and development opportunities, ensuring your professional growth while contributing to a robust enterprise risk management framework. Located in the heart of London, our dynamic culture encourages teamwork and creativity, making it an ideal place for those seeking meaningful and rewarding employment.
StudySmarter Expert Advice🤫
We think this is how you could land Risk Analyst
✨Tip Number 1
Network like a pro! Reach out to professionals in the risk management field, especially those who work in Lloyd’s or the London Market. Attend industry events or webinars to make connections and learn more about the role.
✨Tip Number 2
Prepare for interviews by brushing up on your knowledge of risk management frameworks and GRC tools like Decision Focus. We recommend practising common interview questions and scenarios related to risk assessments and control failings.
✨Tip Number 3
Showcase your communication skills! During interviews, be ready to discuss how you’ve effectively communicated risk information to different audiences. Use examples that highlight your ability to train and support stakeholders.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets noticed. Plus, we love seeing candidates who are genuinely interested in joining our collaborative culture.
We think you need these skills to ace Risk Analyst
Some tips for your application 🫡
Show Your Passion for Risk Management:When writing your application, let your enthusiasm for risk management shine through. We want to see how your experience aligns with our mission to support effective risk frameworks. Share specific examples that highlight your skills and knowledge in this area!
Tailor Your Application:Make sure to customise your application to fit the Risk Analyst role. We love seeing candidates who take the time to connect their experiences with the key tasks and responsibilities outlined in the job description. It shows us you’re genuinely interested in joining our team!
Be Clear and Concise:Keep your writing clear and to the point. We appreciate well-structured applications that are easy to read. Avoid jargon unless it’s relevant to the role, and make sure to proofread for any typos or errors before hitting send!
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, you’ll find all the info you need about our company culture and values there!
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. Being able to discuss how these elements work together will show your understanding and readiness for the role.
✨Familiarise Yourself with GRC Tools
Since experience with GRC tools like Decision Focus is preferred, take some time to learn about its functionalities. If you can demonstrate knowledge or even share insights on how you've used similar tools, it’ll definitely impress your interviewers.
✨Prepare for Scenario-Based Questions
Expect questions that ask you to assess risk events or control failings. Think of examples from your past experience where you successfully identified risks and how you managed them. This will showcase your practical skills in risk management.
✨Showcase Your Communication Skills
Strong written and spoken communication skills are key for this role. Practice articulating your thoughts clearly and concisely. You might even want to prepare a brief presentation on a relevant topic to demonstrate your ability to convey complex information effectively.
