At a Glance
- Tasks: Lead the insurance risk team and enhance risk management across Talbot.
- Company: Join Talbot, a global leader in insurance and reinsurance.
- Benefits: Competitive salary, career growth, and a dynamic work environment.
- Other info: Collaborate with experts and develop innovative risk solutions.
- Why this job: Make a real impact in a pivotal role within a top-tier insurance firm.
- Qualifications: Extensive experience in insurance risk management and strong leadership skills.
The predicted salary is between 80000 - 100000 € per year.
Join us as Head of Insurance Risk to take your career to the next level with a global market leader.
With offices in the U.S., London and Asia Pacific, Talbot is the managing agent of Syndicates 1183, 2019, 2478 and 2479 at Lloyd’s. Syndicate 1183 underwrites a number of classes of business including war and terrorism, energy, marine, financial lines, cyber, political risk, crisis management and property. Through its expert team of underwriters and a balanced, geographically-diverse portfolio of business, Talbot has earned a reputation as an industry-leading insurance and reinsurance specialist.
How you will create an impact:
- This is a fantastic business facing role for a senior leader with a quantitative risk background to join our risk team.
- This pivotal role will provide oversight and challenge over all insurance risks, as well as leading on Internal Model validation activities.
Some of the key responsibilities include:
- Lead the insurance risk sub-team;
- Continue the enhancement of Risk Management across Talbot, ensuring consistency with the Group’s ERM framework, with specific focus on insurance risk;
- Provide second line challenge of underwriting, reserving, pricing, exposure management, capital modelling and reinsurance;
- Lead the quarterly reporting cycle for insurance risks, providing risk expertise and challenge;
- Oversight and enhancement of risk appetite for insurance risks, including catastrophe, underwriting and reserve risk;
- Identify and assess the key risks to the achievability of Talbot’s business plans;
- Carry out risk assessments and deep dives of underwriting classes and other insurance risks;
- Oversight of stress and scenario testing and reverse stress testing;
- Lead the production of the quantitative elements of the Own Risk and Solvency Assessment Reports;
- Accountable for the validation of Talbot’s Internal Models, including planning the validation cycle, execution and review of validation testing and findings and presentation of findings to the relevant committees;
- Oversight of annual Board and Regulatory Internal Model validation reports;
- Oversight of material expert judgements and associated documentation;
- Remaining up-to-date with industry and Lloyd’s Internal Model validation standards;
- Represent the Risk Management team at Internal Model Governance Committee;
- In collaboration with the Capital Modelling team, to support the on-going development and use of the Internal Model.
What you’ll need to succeed:
- Extensive insurance risk management, actuarial or capital modelling experience from an insurer or a consultancy;
- Qualified actuary with internal model validation experience;
- Self-starter with strong communication skills;
- Strong financial analysis and data interpretation skills;
- Skilled at presenting complex risk information to senior stakeholders;
- Strong leadership presence, with ability to build relationships with senior Management.
Talbot Head of Insurance Risk employer: Talbot Underwriting
Talbot is an exceptional employer, offering a dynamic work environment where innovation and expertise thrive. With a strong focus on employee development and a commitment to fostering a collaborative culture, Talbot provides ample opportunities for growth within the insurance sector. Located in key global markets, employees benefit from a diverse portfolio and the chance to make a significant impact in a leading insurance and reinsurance firm.
StudySmarter Expert Advice🤫
We think this is how you could land Talbot Head of Insurance Risk
✨Tip Number 1
Network like a pro! Reach out to industry contacts on LinkedIn or at events. A friendly chat can open doors that a CV just can't.
✨Tip Number 2
Prepare for interviews by researching Talbot and its risk management strategies. Show us you know your stuff and how you can contribute to our team!
✨Tip Number 3
Practice your pitch! Be ready to explain your experience in insurance risk management clearly and confidently. We want to hear how you can lead our risk sub-team.
✨Tip Number 4
Apply through our website! It’s the best way to ensure your application gets noticed. Plus, we love seeing candidates who take that extra step.
We think you need these skills to ace Talbot Head of Insurance Risk
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 what we're looking for!
Craft a Compelling Cover Letter:Your cover letter is your chance to shine! Use it to explain why you're the perfect fit for Talbot. Mention specific experiences that demonstrate your leadership skills and ability to manage complex risks. We love a good story that showcases your journey!
Showcase Your Quantitative Skills:Since this role involves a lot of quantitative risk analysis, make sure to highlight your financial analysis and data interpretation skills in your application. We want to see how you can bring those skills to the table and enhance our risk management processes.
Apply Through Our Website:Don't forget to apply through our website! It’s the best way for us to receive your application and ensures you’re considered for the role. Plus, it shows you’re keen on joining our team at Talbot!
How to prepare for a job interview at Talbot Underwriting
✨Know Your Numbers
As a candidate for the Head of Insurance Risk, you’ll want to brush up on your quantitative risk background. Be prepared to discuss specific metrics and data interpretations relevant to insurance risks, as well as how they impact business decisions.
✨Showcase Your Leadership Skills
This role requires strong leadership presence. Think of examples from your past where you led a team or project successfully. Be ready to explain how you built relationships with senior management and how you can enhance the risk management framework at Talbot.
✨Understand the Business
Familiarise yourself with Talbot’s portfolio and the classes of business they underwrite. Knowing the ins and outs of war and terrorism, cyber risks, and other areas will help you demonstrate your fit for the role and your proactive approach to risk management.
✨Prepare for Technical Questions
Expect questions about internal model validation and capital modelling. Brush up on the latest industry standards and be ready to discuss how you would approach stress testing and scenario analysis. This will show your depth of knowledge and readiness for the challenges ahead.
