JOB TITLE: Risk Analyst - Insurance DEPARTMENT: Risk Management, Risk Assurance MAIN DUTIES: • To assist the Risk Management department in enhancing the centralised risk appetite monitoring capability, at a risk category level and at an aggregated risk level, which ensures that exposures against defined risk appetite(s) / tolerance(s) across syndicates and for our client are known, understood and reported; • To support the Risk Management department in developing and embedding the link between risk management systems / processes and the risk based capital calculation process; • To assist Risk Management in challenging the business on the suitability of its selection of stress / sensitivity tests of key risk and modelling areas; • To assist Risk Management in challenging the business on the suitability its selection of scenario analyses of key risk and modelling areas; • To contribute to the development and implementation of the annual risk management strategy, plan and objectives; • To support the Risk Management department in raising risk awareness; and • To contribute to the ongoing development of the roles, responsibilities and activities of the Risk Management department to ensure Solvency II requirements are met. TECHNICAL SKILLS Essential: Good risk management experience and risk awareness Good knowledge of Solvency II requirements Strong analytical and problem solving skills Strong risk awareness and understanding of risk management Strong business influencing and stakeholder management skills Strong interpersonal, written and verbal presentation skills Sound commercial judgement Insurance industry experience Desirable: Awareness of Lloyd's and FSA regulatory regime EDUCATION AND QUALIFICATIONS Essential: 2.1 degree or better Desirable: Achievement of/studying towards a risk management qualification or ACII, finance, accountancy, actuarial, audit or business studies RELEVANT EXPERIENCE • Essential: 2 years risk experience in the financial services sector • Desirable: Experience of risk management frameworks, including risk quantification Insurance industry experience / Lloyd's Managing Agency experience Member of AIRMIC and / or IRM High level of computer literacy Experience of insurance, credit, market and liquidity risk frameworks SPECIALIST TRAINING Attendance at relevant professional forums eg AIRMIC, IRM PERSONAL SKILLS Competent within the specific job role, aware of all technical requirements and able to apply these in a logical manner in performance of all duties. Able to understand the key business issues that affect the profitability and growth of the business and takes appropriate action to maximise success. Capacity to perceive the impact and implications of decisions and activities on other parts of the organisation Ability to think strategically within area of responsibility, whilst taking into account the 'bigger picture' and consequences to the wider business context. Ability to develop high standards of team spirit through effective management techniques. Leads by example and communicates with all team members on areas of role responsibilities. Readiness to make decisions, state opinions, take action or commit oneself, based on factual information and sound judgment.