Risk Analyst

Recruiter
Emerald Group
Location
Surrey
Salary
Up to £45,000 + Benefits
Posted
11 Apr 2019
Closes
11 May 2019
Ref
48838
Contract Type
Full time, Permanent

Consultant Name: Jade Parsons

Telephone Number: +44 (0) 203 867 9842

Email Address: jade.parsons@emerald-group.com

Key Responsibilities: ​

Group responsibilities:

  • Assist with coordinating the processes to track and monitor identified risks against agreed appetite
  • Assist with projects from time to time on the provision of risk assurance services and reporting for the firm (and its subsidiaries worldwide)
  • Work closely and support other members of the Risk Function (as well as liaising with other functions as needed) on risk management related projects

Specific regional responsibilities:

  • Assist with risk management processes for managing and monitoring risk across EEUL including all regulated Non-Life Run-Off (‘EU NLRO’) insurance subsidiaries and Lloyd’s Syndicate
  • Assist with preparation of subsidiary reports on the risk profile, risk metrics, key risks, emerging risks and internal control environment for the relevant governing body and including the preparation of ORSA reports
  • Assist with the preparation of summary risk reports for upstream reporting to Group
  • Assist with the preparation of information for regular and ad hoc regulatory and third party requests with respect to risk management
  • Assist with the effective integration of newly acquired companies into the Risk Management Framework in accordance with the M&A Playbook (attending integration calls as appropriate)
  • Assist with the maintenance of the risk management software system, risk register(s) and any internal control updates
  • Take a lead role in coordinating and investigating root cause analysis over reported incidents
  • Assist with ensuring compliance with risk management regulatory requirements and Solvency II requirements – including the key area of Own Risk and Solvency Assessment
  • Assist with the establishment and of coordination of the UK/EU Management Risk Committee to discuss, challenge and oversee risk matters pertinent to the EU subsidiaries (and ensuring appropriate upstream reporting to Group)
  • Assist with cascading policies, procedures and other approved risk initiatives/activities to the local subsidiaries
  • In addition to the above responsibilities, may be required to undertake other duties from time to time as the Company may reasonably require

Fitness & Propriety:

  • Carry out duties in accordance with internal policies and procedures and applicable law, rules, regulation, good governance and the firm’s shared values, including putting clients at the heart of their business
  • Act with integrity
  • Act with due skill, care and diligence
  • Be open and co-operative with all regulators
  • Take reasonable steps to ensure that the business of the firm for which you are responsible is controlled effectively
  • Take reasonable steps to ensure that the business of the firm for which you are responsible complies with the relevant requirements and standards of the regulatory system
  • Take reasonable steps to ensure that any delegation of your responsibilities is to an appropriate person and that you oversee the discharge of the delegated responsibility effectively
  • Disclose appropriately any information of which regulators would reasonably expect to have notice
  • When exercising your responsibilities, you must pay due regard to the interests of current and potential future policyholders in ensuring the provision by the firm of an appropriate degree of protection for their insured benefits

Conduct:

  • To ensure that implications for stakeholders, particularly policyholders, are given appropriate consideration in their approach to business and that conduct is given appropriate consideration throughout the role to deliver fair customer outcomes

Qualifications/ Experience:

  • BA/BS degree, graduate degree preferred but not required
  • Experience in risk management and risk mitigation
  • Experience in interacting with various levels of management
  • Experience in the preparation of materials for reporting to management, committees/Boards
  • Experience of working in a large, complex organisation
  • Foundational understanding of risk management / ERM within the Insurance Industry
  • An understanding of issues affecting the legacy insurance market and managing legacy business would be advantageous
  • Awareness of risk management regulatory requirements in EU/Solvency II jurisdictions and of risk management related legislation/policies/procedures/key standards of compliance and governance
  • Broad understanding of any technology / systems specific to the role

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