Risk Assistant
Department: Risk and Compliance
Employment Type: Permanent - Full Time
Location: London UK
Reporting To: Jane Stoate
Description
Ready to launch your career in Risk within the Lloyd’s Insurance Market?If the answer is yes, we’d love to hear from you!
We’re looking for an enthusiastic individual to join our Risk team, working under the guidance of experienced professionals to support in the following areas:
- Support the risk framework for SIABs
- Focused on managed clients and AstaPoint risk system maintenance
- Collect and examine data, drawing out trends, exceptions and risks
- Produce draft reporting
- Develop understanding in allocated specific risks
Key Responsibilities
Risk management frameworkSupport the Senior Risk Manager and the Risk Analyst in maintaining any allocated sections of the risk framework and suggest improvements, particularly in relation to SIABs. Development, maintenance and enhancement of the risk framework for all clients.
Risk identification
Assist the identification of risks for clients allocated to them. Documents the risks in the AstaPoint software. Assists in running risk workshops to identify risks. Prepare emerging risk analysis for allocated risks as required, drawing on external sources as appropriate.
Risk reporting
Preparing elements of client reporting as requested by the Risk Analyst or Senior Risk Manager. Preparing risk reports based on AstaPoint data.
Risk monitoring
Maintain risk register records in AstaPoint and provide for specific allocated risks. Conduct ad-hoc reviews as required for clients and risks.
Risk appetite & KRIs
Update and maintain KRI and appetite reporting as required. Contribute to risk appetite development and KRI measurement.
ORSA
Draft ORSA sections as required, including forward looking assessments, stress tests, reverse stress tests and risk analysis.
Validation
Complete validation work as allocated by the Risk Analyst or the Senior Risk Manager.
Stress & scenario testing
Complete stress and scenario testing as directed by the Risk Analyst or the Senior Risk Manager. Document stress and scenario testing workshops.
Skills, Knowledge & Expertise
Communication: Excellent interpersonal and written skills that enable the job holder to build trust with senior members of Asta and the managed syndicates, and persuade them of the business benefits of an embedded enterprise-wide risk management cultureCredibility: Possess an enthusiasm for risk management that persuades others of its value. Potential to become confident and able to deal at senior levels within Asta and the managed syndicates to influence business leaders.
Integrity: The ability to take a coherent, clear approach where required.
Flexibility: The ability to retain a sense of perspective and recognise the occasional collision between “real world” situations and reality.
Personality: The ability to work both independently and within a wider team.
Accuracy: High level of accuracy and attention to detail
Job Benefits
A basic understanding of the insurance market and risk, with a basic understanding of the activities of a Lloyd’s syndicateA keen interest in the understanding of risk management and control concepts.
A basic understanding of Solvency II and other regulatory requirements; an understanding of how they impact on the business desirable.
Ability to use systems and software programs needed to perform responsibilities of the role.
Experience of MS Office (Word Excel, PowerPoint) to an intermediate level desirable. Experience of the AstaPoint (Decision Focus) risk management system is desirable.
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