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- Tasks: Join a dynamic team to analyse insurance risks and support strategic initiatives.
- Company: Miryco Consultants partners with a leading firm in the insurance legacy market.
- Benefits: Competitive salary up to £45,000 and opportunities for professional development.
- Why this job: Perfect for those seeking a blend of technical and commercial experience in a high-visibility role.
- Qualifications: 1–3 years in insurance or financial analysis; strong quantitative degree required.
- Other info: Located in London; no sponsorship available.
The predicted salary is between 27000 - 63000 £ per year.
Miryco Consultants are working on behalf of a leading firm in the insurance legacy market to hire a Quantitative Risk Analyst into a high-performing ERM framework. The incoming individual will work across insurance risk initiatives, with their role designed to support complex statistical processes and key business decisions. The risk team is centrally positioned and involved with a range of core business functions, including regulatory deliverables and M&A transactions. The opportunity will appeal to those who want a role that is both technical and commercial, with the associated visibility and scope for development.
Responsibilities:
- You’ll work closely with the Risk team on a wide variety of projects, supporting both day-to-day analysis and longer-term strategic initiatives.
- Contribute to the modelling and analysis of insurance exposures across multiple international entities.
- Assist in the development, maintenance, and validation of complex financial and statistical models.
- Contribute to internal model validation exercises, including regulatory-focused projects.
- Help design and deliver regular stress and scenario testing activities across the business.
- Support the drafting of risk-related content for board-level and regulatory reporting.
- Present technical insights to stakeholders in a clear, business-focused manner.
You’ll also be involved in ad hoc project work such as:
- Supporting due diligence processes during acquisitions, with a focus on financial and risk assessments.
- Conducting deep dive reviews into emerging or material risks.
- Acting as a subject matter resource, providing second-line perspectives on a variety of business queries.
Skills & Experience:
- 1–3 years of relevant experience in insurance, risk, or a financial analysis setting.
- A strong academic background (2:1 or equivalent) in a quantitative or analytical discipline such as Mathematics, Statistics, Actuarial Science, Physics, Economics, Risk or Computer Science.
- Basic understanding of insurance balance sheets, reserving, and capital will be advantageous, though not essential.
- Comfort working with statistical methods and financial models.
- Solid programming or data handling skills – experience with Python, R, or SQL is beneficial.
- Excellent communication abilities – especially the skill to present technical content concisely.
- A detail-oriented mindset with a natural curiosity and problem-solving approach.
- Adaptability and a willingness to get involved in varied and evolving projects.
Location: London
Salary: Up to £45,000
Please note our client is unable to offer sponsorship for this opportunity. Finally, should you not be contacted within five working days of submitting your application, then unfortunately you have not been shortlisted for the opportunity. We will however be in touch should there be any other opportunities of potential interest that are suiting to your skills.
Quantitative Risk Analyst employer: Miryco Consultants Ltd
Contact Detail:
Miryco Consultants Ltd Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Quantitative Risk Analyst
✨Tip Number 1
Familiarise yourself with the insurance legacy market and current trends. Understanding the specific challenges and opportunities in this sector will help you engage more effectively during interviews and demonstrate your genuine interest in the role.
✨Tip Number 2
Brush up on your statistical modelling skills, particularly in Python, R, or SQL. Being able to discuss your experience with these tools confidently can set you apart from other candidates and show that you're ready to contribute from day one.
✨Tip Number 3
Prepare to present complex technical concepts in a clear and concise manner. Practising how to explain your past projects or analyses to non-technical stakeholders will showcase your communication skills, which are crucial for this role.
✨Tip Number 4
Network with professionals in the risk management and insurance sectors. Engaging with industry experts can provide valuable insights and potentially lead to referrals, increasing your chances of landing an interview.
We think you need these skills to ace Quantitative Risk Analyst
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in insurance, risk analysis, or financial analysis. Emphasise your academic background in quantitative disciplines and any programming skills you possess, such as Python, R, or SQL.
Craft a Strong Cover Letter: In your cover letter, express your enthusiasm for the role and the company. Discuss how your skills align with the responsibilities mentioned in the job description, particularly your experience with statistical models and risk assessments.
Showcase Communication Skills: Since excellent communication is key for this role, provide examples in your application of how you've effectively presented technical information to stakeholders. This could be through previous projects or presentations.
Highlight Problem-Solving Abilities: Demonstrate your detail-oriented mindset and problem-solving approach by including specific instances where you've tackled complex issues or contributed to strategic initiatives in past roles.
How to prepare for a job interview at Miryco Consultants Ltd
✨Showcase Your Technical Skills
Make sure to highlight your experience with statistical methods and financial models during the interview. Be prepared to discuss specific projects where you used programming languages like Python, R, or SQL, as these skills are crucial for the role.
✨Understand the Insurance Landscape
Familiarise yourself with basic concepts related to insurance balance sheets, reserving, and capital. Even if it's not essential, demonstrating a solid understanding of these topics can set you apart from other candidates.
✨Communicate Clearly and Concisely
Practice presenting complex technical insights in a straightforward manner. The ability to communicate effectively with stakeholders is key, so consider preparing examples of how you've done this in past roles.
✨Demonstrate Adaptability
Be ready to discuss your experiences with varied projects and how you've adapted to changing circumstances. This role involves working on diverse initiatives, so showcasing your flexibility and problem-solving skills will be beneficial.
