Skill Band: Risk Management Location: United Kingdom - London
Type: Permanent Date Posted: 20 Mar 2019 Senior Associate, Financial Risk 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 To contribute to the management of Financial Risk at Lloyd's and aid in ensuring the Lloyd's Internal Model (LIM) is effectively integrated into the risk management framework. What Will You Do?
To lead, or contribute to as part of the team, a range of key capital management processes,incl.
Capital and solvency sections of the ORSA (annually and quarterly)
Stress and scenario testing (including validation of LIM output)
Reverse Stress Testing
Recovery and Resolution Planning
Use test training and engagement
To lead, or contribute to as part of the team, the governance and oversight of the LIM, incl.
Model change processes
Governance processes and forums (incl. the Internal Model Oversight Committee)
Input to Major Model Change applications
To ensure Lloyd's continues to meet relevant regulatory requirements around the LIM.
On behalf of the Risk Management team, support all interactions and initiatives between the LIM, risk management and LIM governance frameworks
To ensure Lloyd's remains compliant with the Use Test under Solvency II, including the development and delivery of training and engagement programmes for senior management up to and including the Franchise Board
To support other areas of the financial risk team, particularly on the management of investment and liquidity risk
To ensure the Risk Management team responds effectively to required or recommended improvements to the LIM interaction areas, including from Internal Audit, LIM Validator, Lloyd's regulators, independent reviews or internal self-assessments
To build and maintain good relationships with all relevant Corporation departments, including 'Heads of' functions where appropriate. Most notably, building strong relationships with the Chief Finance Officer, Lloyd's Actuary and the wider actuarial team is critical
To respond with agility to requests (i.e. adhoc projects) from the Chief Risk Officer or Head of Risk Management
What You'll Need
Strong actuarial and technical risk management skills are required 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/strong analytical skills this role is focussed on the Lloyd's Internal Model therefore the ability to apply technical knowledge in a wide variety of situation in both written and oral form, to assess sometimes complex, intricate and lengthy information and reach appropriate conclusions.
Strong stakeholder management and relationship skills to build relationships with a range of senior stakeholders. This will include an ability to actively influence at Executive levels with a confidence to deliver the right risk outcomes at senior levels of the organisation.
Excellent analytical skills and be able 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
Strong 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)
Strong knowledge of risk management and Solvency II requirements
Strong knowledge of capital modelling / management
Good understanding of the insurance industry and the Lloyd's market
Strong understanding and confidence in utilising leadership and management skills
Experience in managing senior stakeholders including challenging or unsupportive stakeholders
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 email@example.com 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-safr-11553090413
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