Skill Band: Risk Management Location: United Kingdom - London
Type: Permanent Date Posted: 20 Mar 2019 Financial Risk Manager (Assets) One Lime Street, London About Us All roles within Lloyd's have an integral part to play in the achievement of the Strategy and Vision 2025: Lloyd's becoming a brand that is globally admired and recognised and respected for its reputation as the world's specialist centre for (re)insurance. Lloyd's will be known around the world for its integrity and will be a place where talented, diverse and socially responsible employees feel proud to work. This leadership role will practice and promote the principles of inclusive leadership and respect the value of diversity. The Risk Management team is critical to Lloyd's achieving its long term aims by ensuring risks to the strategy are effectively identified, assessed and managed within risk appetites set by the Franchise Board. The Role The role is responsible for ensuring the effective management of the financial risks faced by Lloyd's, with a focus on those arising from the assets held. What Will You Do?
Contribute to the identification and assessment of the financial risks faced by Lloyd's, in particular investment and liquidity risk.
Provide robust risk oversight and challenge to the functions responsible for managing those financial risks, making recommendations for improvements in the control environment where necessary.
Ensure appropriate escalation of material risks through the governance structure where necessary.
Provide robust challenge to the oversight functions at Lloyd's to ensure a risk based approach to Lloyd's supervision is adopted and consistently applied.
Conduct thematic reviews and lessons learned reviews into selected areas of financial risk or Lloyd's oversight and implement any recommendations or findings in conjunction with relevant Corporation teams.
Conduct appropriate validation of the Investment Risk Model and associated output into the capital setting process in line with the Model Validation Policy
To build and maintain good relationships with all relevant Corporation departments, including 'Heads of' functions where appropriate. Most notably, building a strong relationship with the Chief Finance Officer is critical.
Proactively influence the Senior Stakeholders in ensuring the effective management of those financial risks for which they retain accountability.
To respond with agility to requests (i.e. adhoc projects) from the Chief Risk Officer or Head of Risk Management.
What You'll Need
Demonstrable technical risk management skills are essential to be able to define and shape industry leading risk management tools which are tailored to the unique Lloyd's business model as well as satisfying regulatory requirements.
Numerate/enhanced analytical skills ability to apply technical knowledge in a wide variety of situations in both written and oral form, to assess sometimes complex, intricate and lengthy information and reach appropriate conclusions.
High degree of stakeholder management and relationship skills to build relationships with a range of senior stakeholders and in particular with the PRA. This will include an ability to actively influence at Executive and Board levels with a confidence to deliver the right risk outcomes at senior levels of the organisation.
Ability to effectively communicate (in both written and verbal forms) and engage in debate on complex topics. Evidence of influencing outcomes with senior management in both formal (e.g. committee) and informal settings is critical.
Time management skills used to working to deadlines and under a certain amount of pressure. Ability to maintain effective personal workload plans that are achievable, prioritised appropriately and meet business objectives.
Team working should be used to working as part of a team, making effective contributions to team meetings and team initiatives and also be able to take ownership of tasks and projects whilst often working remotely and without supervision
Challenge ability to productively challenge technical experts across Lloyd's and be robust/resilient under scrutiny
Advanced relationship management and communication skills the role will involve a large amount of engagement with stakeholders at various levels across the Corporation, including the production of analysis reports which must be clear, accurate and easily accessible to both technical experts and those with a more general understanding of risk management.
Strong project management skills to lead and deliver change within areas of responsibility (for example following changes in the regulatory environment)
Expert knowledge of Financial Risk inclusive of investment and liquidity risk and risk management
Understanding of the insurance industry beneficial
Knowledge of Solvency II requirements beneficial
Experience in managing investment risk
Experience in managing senior stakeholders including challenging or unsupportive stakeholders
Experience in managing challenging people management issues
Strong experience of risk management frameworks, tools and processes
As the successful candidate, you can expect to be rewarded with a competitive salary, an enviable range of benefits. To apply, please visit www.lloyds.com We are committed to flexible working, therefore if you would like to consider this as a part-time opportunity, please email firstname.lastname@example.org At Lloyd's we believe that innovation comes from having an inclusive culture of equality and diversity. We use ClearTalents to discover how we might help you feel welcomed, supported and able to do as well as you can when applying to work for us, including identifying any reasonable adjustments that we may need to make. Should you feel that you require reasonable adjustments during your application process we request that you please follow this link to create a ClearTalents user profile: https://cleartalents.com/apply/lloyds-frm11553091013
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