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For Companies At a Glance
- Tasks: Join our risk team to support assessments, reporting, and analysis of business risks.
- Company: Westfield is a leading global insurance provider with over 175 years of experience.
- Benefits: Enjoy a collaborative culture, training opportunities, and the chance to make an impact.
- Why this job: Gain hands-on experience in risk management while working with industry experts.
- Qualifications: Ideal for students pursuing risk management qualifications or related fields.
- Other info: Flexible work environment with opportunities for growth and development.
The predicted salary is between 28800 - 48000 £ per year.
Risk Assessment & Framework
Work with the other members of the risk team to support specific risk processes and regulatory submissions. Processes including but not limited to - risk assessments, control self-assessments, loss events, risk appetite, emerging risks, analysis and reporting, etc. Assist in the analysis and evaluation of key business risk exposures. Provide support on the response to risk management related thematic reviews.
Risk Management Information collation, analysis and reporting
Develop skills using the Risk Management System assisting the Senior Risk Analyst when needed. Track the timetable of risk management reporting (quarterly, and Annual). Assist in the preparation of quarterly internal risk reporting materials including for the Board Risk Committees and other related risk groups. Assist in the facilitation of the Emerging Risk Working Group and related processes.
Stress & Scenario Testing & Validation
Complete validation work as allocated by the Senior Risk Manager. Complete stress and scenario testing as directed by the Senior Risk Manager.
Other
Drive a positive risk and control culture throughout the business. Assist with the development of the sustainability framework as required. Support the development and provision of training for staff on the ERM framework.
Skills/Competencies
- Enthusiastic and pro-active attitude
- Ability to build and maintain relationships with a wide range of stakeholders
- Ability to work under strict timelines and prioritise own workload
- Excellent writing ability and strong analytical skills
- Experience of MS Office (Word, Excel, PowerPoint) to an intermediate level desirable
Qualifications
Studying for / willing to study CII, Professional risk management qualification (CIRM or equivalent), or other relevant insurance qualification
Experience
Basic knowledge of the Lloyd's market and the activities of a Lloyd's syndicate; Basic understanding of risk management. Ability to use systems and software to perform role and aptitude to learn to use risk management system.
About Us
Founded in 1848, Westfield is a global leader in property and casualty insurance, delivering superior risk insights and innovative solutions to customers through a diverse portfolio of insurance products. Westfield underwrites commercial, personal, surety, and specialty lines of coverage through a network of leading independent agents and brokers in the United States and specialty products through Lloyd's of London Syndicate 1200. As a mutual insurance company with more than 3,000 employees, Westfield has revenues in excess of $4 billion and more than $10 billion in assets.
Risk Analyst employer: Westfield
Contact Detail:
Westfield Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Risk Analyst
✨Tip Number 1
Familiarise yourself with the Lloyd's market and its operations. Understanding how a Lloyd's syndicate functions will give you an edge in discussions and demonstrate your commitment to the role.
✨Tip Number 2
Network with professionals in the risk management field, especially those who work within the Lloyd's market. Attend industry events or webinars to build connections that could lead to valuable insights and potential referrals.
✨Tip Number 3
Brush up on your analytical skills by practising with real-world risk assessment scenarios. This will not only prepare you for the tasks at hand but also showcase your proactive approach during interviews.
✨Tip Number 4
Demonstrate your enthusiasm for risk management by staying updated on current trends and challenges in the industry. Being able to discuss recent developments will show your passion and knowledge during conversations with our team.
We think you need these skills to ace Risk Analyst
Some tips for your application 🫡
Understand the Role: Before applying, make sure to thoroughly read the job description for the Risk Analyst position. Understand the key responsibilities and required skills, such as risk assessments and analytical abilities, to tailor your application accordingly.
Highlight Relevant Experience: In your CV and cover letter, emphasise any previous experience related to risk management or analysis. Mention specific projects or tasks that demonstrate your ability to handle risk assessments, reporting, and stakeholder engagement.
Showcase Your Skills: Make sure to highlight your writing and analytical skills in your application. Provide examples of how you've used these skills in past roles, especially in relation to risk management or similar fields.
Tailor Your Cover Letter: Craft a personalised cover letter that addresses the specific requirements of the Risk Analyst role. Discuss your enthusiasm for the position and how your background aligns with Westfield's goals, particularly in fostering a positive risk culture.
How to prepare for a job interview at Westfield
✨Understand Risk Management Fundamentals
Make sure you have a solid grasp of risk management principles, especially those relevant to the Lloyd's market. Brush up on key concepts like risk appetite, control self-assessments, and emerging risks, as these will likely come up during your interview.
✨Showcase Your Analytical Skills
Prepare to discuss your analytical abilities and how you've applied them in previous roles or studies. Be ready to provide examples of how you've evaluated business risks or contributed to risk assessments, as this is crucial for the role.
✨Demonstrate Your Communication Skills
Since the role involves preparing reports and facilitating discussions, practice articulating your thoughts clearly. You might be asked to explain complex risk concepts, so being able to communicate effectively with various stakeholders is key.
✨Familiarise Yourself with Relevant Tools
If you have experience with MS Office, particularly Excel, be prepared to discuss it. Familiarity with risk management systems is also a plus, so if you’ve used any software in your studies or previous jobs, make sure to highlight that experience.
