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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 Financial Risk Manager (Assets and Capital) on a FTC (Fixed Term Contract end the end of the year due to a number of internal promotions within the Team. The role is responsible for ensuring the effective management of the financial risks faced by Lloyd’s, with a focus on those impacting the capital or assets of both the Corporation and the wider Lloyd’s market.
Principal Accountabilities:
Contribute to the identification and assessment of the financial risks faced by Lloyd’s, in
particular capital, investment and liquidity risks
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
Provide risk input into key Lloyd’s strategic finance-led initiatives, including providing formal risk
opinions as required to outline potential impacts on the risk profile and control environment
Provide robust challenge to the capital, investment and liquidity syndicate oversight functions
at Lloyd’s to ensure a risk-based approach to Lloyd’s supervision is adopted and applied in line
with Lloyd’s overarching oversight framework.
Assess forward looking risk landscape and conduct thematic reviews and implement any
recommendations or findings in conjunction with relevant Corporation teams
Assist in the validation of Lloyd’s Internal Model with particular focus on the Lloyd’s Investment
Risk Model and the appropriateness of financial market assumptions derived from the Economic
Scenario Generator
Develop the processes, systems and data analytics that the risk team use to engage with and
oversee functions. Help to design frameworks for risk engagement in key strategic decision
making (including but not limited to the New Entrant framework, Syndicate Capital Oversight)
Supporting the production of regulatory submissions and requests, the ORSA (including the co-
ordination of Stress & Scenario testing) and regular risk monitoring and reporting to
management, including reporting to the Risk Committee, escalating heightened risks as required
Build and maintain excellent relationships with all relevant Corporation departments, including
Market Reserving & Capital, Lloyd’s Treasury & Investment Management and Central Finance.
Respond with agility to requests (i.e. adhoc projects) from the Chief Risk Officer or Head of Risk
Management
Skills, Knowledge and Experience
Breadth of experience of risk management frameworks and methodology with detailed
knowledge and experience of Solvency II and current trends in UK regulation
Track record of delivery of strategic risk lead initiatives and subject matter authority
Evidence of influencing outcomes with senior management in both formal (e.g.
committee) and informal settings
Experience of investment risks and financial markets
Experience in risk and capital modelling including Economic Scenario Generators
Experience in managing senior stakeholders including challenging or unsupportive stakeholders
Risk management
Financial markets and the role of different asset classes and derivatives in insurers ’ investment portfolios
Nature of key Financial Risk including capital, investment and liquidity risk
Risk modelling
Solvency II requirements
The nature of insurance liabilities
Good understanding of the Lloyd’s market would be an advantage
Qualified actuary or CFA Charterholder
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. In practice, this means we are positive and inclusive about making workplace adjustments, we offer regular health and wellbeing programmes, diversity and inclusion training, employee networks, mentoring and volunteering opportunities as well as investment into your professional development. You can read more about diversity and inclusion on our website.
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;
https://cleartalents.com/apply/lloyds-msa1645695881
Please note, clicking on this link does not register your application for the vacancy
Lloyd's London, England Office
One Lime Street, London, United Kingdom, EC3M 7HA
