Risk Analyst

Main purpose of job:
Working closely with all areas of the business to manage and report upon the entirety of the risk profile and involves working in conjunction with the entire business to assist with the design of the risk management framework, the risk appetite framework, and the risk register
Assisting with the development of innovative methodologies to further understand the key (and emerging) risks as they relate to the business and wider business environment
Key tasks:
Assists with the management of the risk register including reviewing sources of risk and the effectiveness of the controls used to mitigate the risk(s)
Assists with the management of the key risk indicator framework
Assists with the Own Risk and Solvency Assessment (ORSA) process and reporting requirements including the annual ORSA report to Lloyd’s
Managing the risk event register including recording new events and assessing potential impacts to the business and any remedial action to be taken following an incidence of a risk event
Managing the emerging risk register and assisting with the assessment of potential impacts to the risk profile
Managing and reporting upon the status of the risk action register
Prepares data and drafting reports for the Risk Committee, Audit and Risk Oversight Committee, Reinsurance and Broker Security and Underwriting Committees
Prepares data for and assists with the annual risk review process with core risk group owners
Manages the control review process
Assists with key internal model requirements including model validation and model change requirements
Assists with the development of an appropriate stress and scenario testing framework and operational risk scenario parameterisation
Assists with reviewing and updating key documentation and policy reviews
Assists with the development of the internal risk management system and enhancing the reporting and analytical capabilities
Assists with internal and external reporting requirements as required
Compliance Responsibilities:
Ensure compliance with company and other relevant standards and regulations
Ensure compliance with relevant PRA and FCA conducts rules
Responsibility for the proper performance of all regulatory roles held by you in the course of your employment
Responsibility for the proper performance of any FCA/PRA Prescribed Responsibilities assigned to you from time to time and contained within a Statement of Responsibilities
Key personal skills required:
In-depth understanding of the London Insurance Market from both a Lloyd’s and Company Market perspective
Holds, or has progression towards, a relevant Risk Management qualification ( The IRM etc.)
Demonstrable experience of operating within a varied and busy Risk Management environment
Technically strong with good IT ability – including a minimum of a working knowledge of Microsoft Office products
Excellent relationship management skills – proven experience of building internal & external relationships, through strong interpersonal and team working skills
Excellent written and verbal communication with an ability to create and develop excellent relationships at all levels
The ability to adapt to changing priorities, deal with multiple tasks and work under pressure to strict deadlines
Ensure compliance with company and other relevant standards and regulations
Key technical skills, knowledge and professional qualifications required:
An understanding of the Lloyd’s insurance market and the regulatory framework in which it operates
Self-Management identifying specific activities of the role in context of the business's goals and what it's trying to achieve. Successfully directing work towards these objectives – prioritising duties, working well under pressure, and managing time effectively – demonstrating flexibility and trustworthiness
Strong communication skills to effectively manage internal stakeholders of all levels
Existing knowledge of property, specialty, accident and health and contingency classes of business would be advantageous