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 those seeking a senior role with genuine influence in the Lloyd's market.
- 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 in Slough employer: North Co Recruitment
Join a leading Lloyd's/London Market firm that values innovation and expertise in the insurance risk sector. With a strong emphasis on employee growth, this company offers a collaborative work culture where your strategic insights will directly influence business outcomes. Enjoy the benefits of a competitive salary, hybrid working arrangements, and the opportunity to lead a talented team in a dynamic environment that champions professional development.
StudySmarter Expert Advice🤫
We think this is how you could land Head of Insurance Risk - Lloyd's/London Market in Slough
✨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 challenge senior stakeholders effectively.
✨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 in Slough
Some tips for your application 🫡
Tailor Your CV:Make sure your CV is tailored to the Head of Insurance Risk role. Highlight your extensive insurance risk management experience and any relevant qualifications, like being a qualified actuary. We want to see how your background aligns with 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. Mention your leadership skills and how you can provide that second-line challenge across various areas like underwriting and capital modelling. We love a good story!
Showcase Your Communication Skills:Since this role involves presenting complex risk information to senior stakeholders, make sure to demonstrate your communication skills in your application. Use clear and concise language, and don’t shy away from showcasing any past experiences where you’ve successfully communicated complex ideas.
Apply Through Our Website:We encourage you to apply through our website for a smoother process. It’s the best way for us to receive your application and ensures you’re considered for this exciting opportunity. Plus, you’ll find more details about the role there!
How to prepare for a job interview at North Co Recruitment
✨Know Your Numbers
As a candidate for the Head of Insurance Risk, you’ll want to brush up on your quantitative skills. Be prepared to discuss specific metrics and data points related to risk management, underwriting, and capital modelling. This will show that you not only understand the theory but can also apply it practically.
✨Showcase Your Leadership Style
This role requires strong leadership presence, so think about how you can demonstrate your ability to lead a team effectively. Prepare examples of past experiences where you’ve successfully managed teams or projects, especially in challenging situations. Highlight your communication skills and how you build relationships with senior stakeholders.
✨Understand the Regulatory Landscape
Familiarise yourself with Lloyd's and Solvency II Internal Model validation standards. Be ready to discuss how these regulations impact risk management strategies. Showing that you’re well-versed in the regulatory environment will set you apart as a knowledgeable candidate.
✨Prepare for Scenario Questions
Expect to face scenario-based questions during your interview. Think about potential risks in underwriting classes and how you would assess them. Practising your responses to these types of questions will help you articulate your thought process clearly and confidently.
