At a Glance
- Tasks: Lead insurance risk oversight and Internal Model validation across diverse specialty risks.
- Company: Leading Lloyd's/London Market firm with a focus on strategic influence.
- Benefits: Competitive salary, hybrid working, and opportunities for professional growth.
- Other info: Join a team where your leadership can make a real difference.
- Why this job: Shape risk appetite and drive impactful decision-making in a dynamic environment.
- Qualifications: Extensive insurance risk management experience and qualified actuary status required.
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.
Head of Insurance Risk - Lloyd's/London Market employer: North Co Recruitment
Join a leading Lloyd's/London Market firm that values innovation and expertise in insurance risk management. With a strong emphasis on employee growth, this company offers a collaborative work culture where your strategic influence can shape the future of risk oversight. Enjoy competitive compensation, including a generous salary and discretionary bonuses, while working in a dynamic hybrid environment in London that fosters professional development and meaningful contributions to the industry.
StudySmarter Expert Advice🤫
We think this is how you could land Head of Insurance Risk - Lloyd's/London Market
✨Network Like a Pro
Get out there and connect with people in the industry! Attend events, join LinkedIn groups, and don’t be shy about reaching out to folks already working in the Lloyd's/London Market. Building relationships can open doors that a CV just can't.
✨Showcase Your Expertise
When you get the chance to chat with potential employers, make sure to highlight your experience in insurance risk management and Internal Model validation. Share specific examples of how you've tackled challenges in underwriting or capital modelling – it’ll show you mean business!
✨Prepare for Interviews
Do your homework on the company and the role. Be ready to discuss how you would lead the insurance risk team and provide second-line challenge. Think about questions they might ask regarding risk appetite and stress testing, and prepare your answers to impress!
✨Apply Through Our Website
Don’t forget to apply through our website! It’s the best way to ensure your application gets seen by the right people. Plus, we love seeing candidates who are proactive and engaged in their job search.
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 experiences and how you've successfully navigated complex risk scenarios. 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’s super easy to do!
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 specific examples where you've used data to drive decisions or challenge assumptions.
✨Showcase Your Leadership Style
This role requires strong leadership presence. Think about how you can convey your ability to lead a team effectively. Prepare anecdotes that highlight your experience in building relationships with senior management and how you've influenced strategic decisions in the past.
✨Master the Art of Communication
You’ll be presenting complex risk information to senior stakeholders, so practice simplifying technical jargon. Prepare to explain your thought process clearly and concisely, especially when discussing Internal Model validation and risk appetite.
✨Understand the Regulatory Landscape
Familiarise yourself with Lloyd's and Solvency II standards. Be prepared to discuss how these frameworks impact risk management practices. Showing that you’re up-to-date with regulatory changes will demonstrate your commitment to the role and the industry.
