Manager, Enterprise Risk

Lloyd's; London; Hybrid; GBP 60,000 - 80,000

Job description

Lloyd’s is the world’s leading insurance and reinsurance marketplace. We share the collective intelligence and risk sharing expertise of the market’s brightest minds, working together for a braver world.

Our role is to inspire courage, so tomorrow’s progress isn’t limited by today’s risks.

Our shared values: we are brave; we are stronger together; we do the right thing; guide what we do and how we act. If you share our values and our passion to build a future that’s more sustainable, resilient and inclusive, you’ll find a home at Lloyd’s – build a braver future with us.

Lloyd’s is seeking to recruit a Manager, Enterprise Risk. You will contribute to the successful development and executing of the Lloyd’s global risk framework, ensuring the key risks to Lloyd’s are well understood and appropriately managed within risk appetite.

The role will involve a large amount of engagement with stakeholders at various levels across the Corporation, including the production of analysis reports. Risk management skills are required to be able to design and deliver leading risk management tools which are tailored to the unique Lloyd’s business model as well as satisfying regulatory requirements.

Principal Accountabilities

1. Define and regularly monitor the annual risk management and coordinated assurance plans.
2. Contribute to an effective risk culture at Lloyd’s and deliver training to key stakeholders.
3. Work closely with, and respond with agility to requests (i.e. ad hoc projects) from the Head of Risk Management or Chief Risk Officer.
4. Ensure the effective operation of the risk governance structure at Lloyd’s and liaise with Secretariat to ensure the ongoing effectiveness of the risk committees. Lead operation of the Executive Risk Committee and work with the Chief Risk Officer to set the agenda and ensure the Committee is operating in line with its terms of reference.
5. Produce high quality regular and ad hoc reporting to the various Lloyd’s risk committees which enable the committees to effectively discharge their responsibilities.
6. Produce high quality materials for external stakeholders (including rating agencies) and regulators.
7. Build and maintain strong relationships with all relevant Corporation departments, including ‘Heads of’ functions where appropriate.
8. Lead, and contribute to, the development and operation of Lloyd’s global risk framework including Risk and Control Self-Assessment, Risk Incident Reporting (losses, control failures, near misses), Emerging risk reporting, and Risk culture, awareness and engagement.
9. Develop and maintain the risk appetite framework. Regularly report to senior management on the risk appetite position and ensure risk appetites are considered and embedded in decision making.
10. Lead and contribute to the annual and quarterly Lloyd’s ORSA process.
11. Lead and contribute to thematic reviews on key risk topics.
12. Lead development and maintenance of the risk management system and reporting tools.

Skills Knowledge and Experience

1. Experience in working as part of a high performing team to deliver successful risk management outcomes.
2. Experience in managing senior stakeholders including challenging or unsupportive stakeholders.
3. Good experience of risk management frameworks, tools, and processes.
4. Knowledge of risk management frameworks and processes.
5. Understanding of the insurance industry and the Lloyd’s market would be an advantage.
6. Stakeholder management and relationship skills to build relationships with a range of senior stakeholders.
7. Excellent analytical skills and 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.
8. Used to working to deadlines and under a certain amount of pressure and ability to maintain effective personal workload plans that are achievable, prioritized appropriately and meet business objectives.
9. Ability to lead and deliver change within areas of responsibility.
10. 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.
11. Ability to productively challenge technical experts across Lloyd’s and be robust/resilient under scrutiny.

Diversity and inclusion are a focus for us – Lloyd’s aim is to build a diverse, inclusive environment that reflects the global markets we work in. One where everyone is treated with dignity and respect to achieve their full potential.

We understand that our work/life balance is important to us all and that a hybrid of working from the office and home can offer a great level of flexibility. Flexible working forms part of a total reward approach which offers a host of other benefits over and above the standard offering (generous pension, healthcare, wellbeing etc). These include financial support for training, education & development, a benefit allowance (to spend on our flexible benefits such as gym membership, dental insurance, extra holiday or to partake in our cycle to work scheme), employee recognition scheme and various employee discount schemes.

By choosing Lloyd's, you'll be part of a team that brings together the best minds in the industry, and together with our underwriters and brokers, we create innovative, responsive solutions allowing us to share risk and solve complex problems.

Should you require any additional support with your application, or any adjustments, please click the following link: here.