At a Glance
- Tasks: Lead the insurance risk team and provide expert challenge across various risk areas.
- Company: Join a leading Lloyd's/London Market firm with a strong reputation.
- Benefits: Competitive salary, hybrid working, and opportunities for strategic influence.
- Other info: Ideal for self-starters looking to make a difference in a senior role.
- Why this job: Shape risk appetite and drive impactful risk assessments in a dynamic environment.
- Qualifications: Extensive experience in insurance risk management and strong leadership skills.
The predicted salary is between 150000 - 170000 £ per year.
North Co Recruitment are working with a leading Lloyd's/London Market firm to appoint a Head of Insurance Risk to lead insurance risk oversight and Internal Model validation across a geographically diverse, multi-class specialty book. This is a senior, business-facing role for a quantitative risk leader to provide second-line challenge across underwriting, reserving, pricing, exposure management and capital modelling.
What you'll do:
- Lead the insurance risk team, providing independent second-line challenge across underwriting, reserving, pricing, exposure management, capital modelling and reinsurance.
- Own and shape risk appetite for insurance risks, including catastrophe, underwriting and reserve risk.
- Drive quarterly risk reporting cycles, providing expert challenge and insight to senior stakeholders.
- Lead deep-dive risk assessments of underwriting classes and assess key risks to business plan achievability.
- Own Internal Model validation end-to-end, including planning, execution and presentation of findings to senior committees.
- Oversee stress and scenario testing, reverse stress testing and production of quantitative ORSA elements.
- Represent Risk Management at Internal Model Governance Committee and collaborate on ongoing model development.
What we're looking for:
- Extensive insurance risk management, actuarial or capital modelling experience from an insurer or consultancy.
- Qualified actuary with proven Internal Model validation experience.
- Strong leadership presence with the ability to build relationships and credibility with senior management.
- Self-starter with excellent communication skills, able to present complex risk information to senior stakeholders.
- Strong financial analysis and data interpretation capability.
- Deep understanding of Lloyd's and Solvency II Internal Model validation standards and frameworks.
If you're looking for a senior insurance risk role with genuine strategic influence, leadership responsibility and exposure to complex specialty risks in a Lloyd's environment, we'd be keen to speak.
Salary: £150,000 - £170,000 base, plus discretionary bonus
Location: Hybrid, London Based.
Please note, the client is unable to offer sponsorship for this opportunity.
For more information or to discuss other opportunities, reach out to Tom Parker, visit our website or follow our LinkedIn page.
Head of Insurance Risk - Lloyd's/London Market employer: North Co Recruitment
Join a leading Lloyd's/London Market firm that values innovation and strategic influence in the insurance risk sector. With a hybrid working model based in London, you will benefit from a collaborative work culture that fosters professional growth and development, alongside competitive remuneration and a discretionary bonus structure. This role offers the unique opportunity to lead a talented team while engaging with senior stakeholders on complex specialty risks, making it an excellent choice for those seeking meaningful and rewarding employment.
StudySmarter Expert Advice🤫
We think this is how you could land Head of Insurance Risk - Lloyd's/London Market
✨Tip Number 1
Network like a pro! Reach out to your connections in the insurance risk field, especially those who work in Lloyd's or the London Market. A friendly chat can lead to insider info about job openings that aren't even advertised yet.
✨Tip Number 2
Prepare for interviews by brushing up on your knowledge of Internal Model validation and Solvency II standards. We want you to be able to discuss these topics confidently, as they’re crucial for the Head of Insurance Risk role.
✨Tip Number 3
Showcase your leadership skills! Think of examples where you've successfully led teams or projects in risk management. We need to see how you can influence and inspire others in a senior role.
✨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 take the initiative to connect with us directly.
We think you need these skills to ace Head of Insurance Risk - Lloyd's/London Market
Some tips for your application 🫡
Tailor Your CV:Make sure your CV speaks directly to the role of Head of Insurance Risk. Highlight your experience in insurance risk management, actuarial work, and Internal Model validation. We want to see how your background aligns with the specific requirements mentioned in the job description.
Craft a Compelling Cover Letter:Your cover letter is your chance to shine! Use it to explain why you're the perfect fit for this senior role. Share your leadership experience and how you've successfully navigated complex risk environments. Remember, we love a good story that showcases your skills!
Showcase Your Quantitative Skills:Since this role involves a lot of quantitative analysis, make sure to highlight your financial analysis and data interpretation capabilities. We want to see examples of how you've used these skills in previous roles, especially in relation to underwriting and capital modelling.
Apply Through Our Website:We encourage you to apply through our website for a smoother application process. It helps us keep track of your application and ensures you don’t miss out on any important updates. Plus, it shows us you're keen to join our team!
How to prepare for a job interview at North Co Recruitment
✨Know Your Numbers
As a Head of Insurance Risk, you'll need to demonstrate your quantitative skills. Brush up on key metrics related to underwriting, reserving, and capital modelling. Be ready to discuss how you've used data to drive decisions in past roles.
✨Showcase Your Leadership Style
This role requires strong leadership presence. Think about examples where you've successfully led teams or influenced senior stakeholders. Prepare to share how you build relationships and foster collaboration within diverse teams.
✨Understand the Regulatory Landscape
Familiarise yourself with Lloyd's and Solvency II standards. Be prepared to discuss how these frameworks impact risk management and Internal Model validation. Showing that you’re up-to-date will impress your interviewers.
✨Prepare for Scenario Questions
Expect questions that assess your ability to handle complex risk scenarios. Think through potential challenges in underwriting or capital modelling and how you would approach them. This will showcase your problem-solving skills and strategic thinking.
