Risk Analyst

TN United Kingdom; London; On-site; GBP 100,000 - 125,000

Job description

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This position is within Chubb’s Risk Management Function. Risk Management at Chubb is viewed as critical to the success of the organisation by supporting and challenging the first line risk management activities.

The role holder will support the Risk Management Function to promote and embed the Chubb Risk Management Framework (RMF) across all the business segments and functional units within Chubb EMEA by enhancing risk management activities in support of Chubb Limited’s corporate objectives.

The business segments include Property & Casualty, Accident & Health (Corporate), EMEA Consumer Lines (Accident & Health Partnerships and Specialty Personal Lines), Chubb Global Markets, Chubb Tempest Re and Chubb Bermuda International.

The Risk Analyst will report into the Head of Risk, UKISA, CGM & Life works within a pool of resources, supported by Chubb Business Services India (CBSI) based in Bangalore, India.

The role is based in London and will cover all branches within the EMEA region and so may require some travel.

Key Responsibilities:

1. Support the coordination of business units and functional engagement – engaging with the business and functions in supporting the strategies employed to embed a culture of strong risk management, risk identification, assessment, evaluation and reporting, loss event reporting and promoting best practices.
2. Support strategic & annual business plan analysis – work with relevant managers to perform strategic and annual business plan analysis including the development of relevant scenario analysis to identify key risks to the plan, its impact on the risk profile and Chubb’s overall corporate objectives.
3. Support the performance of risk analysis, independent risk assessments – support the performance of specific risk assessments as identified within the plan or via the risk management process. This also includes the scenario analysis within the scope of risk analysis, as applicable.
4. Support the maintenance of the Risk Management Framework and other relevant risk management documentation, (risk policies and preparation of ad-hoc risk reports), across all legal entities, as required.
5. Support the enhancement of second line of defence risk oversight and challenge with a sufficiently granular understanding of the material risks posed in the various business and functional units and any key projects risks in support of effectively identifying threats and opportunities.
6. Assist in overseeing relevant risk management activities performed by Chubb Business Services and assist with other risk management projects as they arise.
7. Contribute to the Own Risk and Solvency Assessment (ORSA) processes and provide the delivery of quarterly reporting.

Qualifications:

1. An understanding of insurance products, services and associated regulatory regimes.
2. Ability to collate/review quantitative data and carry out quantitative analysis including the interpretation/impact assessments of key risk indicators and/or metrics.
3. Organisational and analytical skills with demonstrable evidence of effective communication skills.
4. Ability to understand risks, issues and impacts and manage these across a diverse series of products and locations concurrently.
5. Ability to work collaboratively and flexibility within a team environment.
6. Degree level or equivalent.
7. Relevant actuarial, finance or risk management professional qualification is desirable.
8. Basic knowledge of French and/or any other European language is desirable.