Insurance risk analyst

Risk analyst in growing project based Insurance company.

You will be key in developing, maintaining and embedding the Risk Management Framework within the Group and its subsidiaries. This is a fast moving, growing and ambitious company keen to engage with people who want to grow and develop with them.

KEY RESPONSIBILITIES

• Maintain the Risk Registers and the Issues and Risks Log for various group’s insurance companies and operating divisions, ensuring they remain current.
• Support and manage the quarterly Risk Workshop process for the Group and the various business areas, in order to ensure the ongoing maintenance and continuous review of their risk profiles and associated risk management activities.
• Ongoing maintenance of the Group Risk Framework/ documentation including policies and procedures.
• Liaise closely with internal departments and insurance brokers to complete the proposal forms for the annual renewal of group and local office insurances. This also includes managing any subsequent notifications of circumstances, losses, or business developments and credit control and dealing with ad hoc queries from the business on coverage etc.
• Provide focused and incisive reporting on the status of Risks and Controls for onward reporting to Committee/Board meetings as appropriate, including analysis of breaches of control.
• Provide support and back-up for maintenance and testing of the Group Business Continuity Plan, assist in the annual Business Impact Analysis process.
• Build on existing risk reporting for internal and external clients’ needs, including the on-going co-ordination and production of Key Risk Indicators monitoring the Group’s and legal entity’s adherence to Risk Appetite.
• Actively contribute to the Own Risk and Solvency Assessment/ Internal Model Governance elements and/or Standard Formula elements where appropriate, of the Group/subsidiary company’s Solvency II /NAIC or equivalent framework.
• Co-operate with the other “first, second and third line” functions (Compliance, Actuarial, Internal Audit, Risk and Control Owners within the Functional Areas etc.) to ensure a coordinated approach to managing risks within the organisation. This includes completing audit actions either in line with or ahead of the relevant deadlines.
• Contribute to the relevant Risk Management training and skills development efforts for all staff involved in Risk Management through the production of training documents and provision of awareness briefings/training sessions.
• To maintain compliance with any applicable UK or International statutory or regulatory obligation as required by the role. This includes but not limited to obligations arising from:

Experience

• 3+ years’ experience of working in the London Insurance Market,
• An understanding of the practical application of Risk Management.
• Effective communication and analytical skills – verbal and written – and the ability to apply these to the workplace.
• A general understanding of Solvency II and its impact on the Insurance Industry.
• Exposure to risk management information systems (e.g., Magique) is desirable.

SKILLS / KNOWLEDGE

• Numerate, literate and analytical with incisive presentation skills (written and oral).
• Good planning and coordination skills.
• Ability to work under pressure and to tight deadlines.
• Excellent use of Microsoft Office tools.
• A graduate in an appropriate discipline (Science, Maths, Risk Management, Economics/Business related).
• Working towards/willingness to work towards an appropriate/relevant professional qualification (ACA/ACCA/ACII/MIRM or equivalent) – full support will be given to the right candidate.

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