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.
Are you a data enthusiast with Advanced Excel skills? This is a unique opportunity for a data / risk analyst to support the Oversight Framework team to analyse and improve the effectiveness of the Framework implementation, as well as evaluate and report on the risk appetite across the market.
You will be able to utilise data to highlight key trends, insights and effectiveness of the Principles Based Oversight framework across the market. Your reports will be utilised in senior committees (including C-Suite) across Lloyd’s.
The ability to engage and work in partnership with all Oversight teams across Lloyd’s will be instrumental in being able to communicate effectively with the market and fully analyse and assess the implementation of the principles.
Key Accountabilities:
- Analysis and reporting
- At Board / Executive Risk Committee level: responsible for risk appetite reporting which highlights key areas of concern, material findings and progress. Responsible for monthly and quarterly reporting of trends and findings regarding the Market Oversight Framework (‘oversight framework’) at Lloyd’s.
- At Market Oversight Group level: Design and produce regular and ad hoc reporting which interprets data from Microsoft Dynamics (our Customer Relationship Management tool), PowerBI and engagement with oversight teams. Translate information into clear and concise reporting and visualisations that focus on continuous improvement, to ensure the oversight framework is being applied consistently and is actively directing Lloyd’s oversight of the market.
- At Oversight Framework team level: support Oversight Framework Managers in assessment of the application of the Oversight Framework. Perform root cause analysis on identified issues and discrepancies, developing actionable recommendations to address underlying causes. This will include in-depth data analysis of materiality metrics and / or performance indicators which underpins the Oversight Framework. In addition, assist in the continual review of the effectiveness of the Oversight Framework, providing analysis on areas of improvement and best practice.
- At Oversight division level: support Oversight teams in analysing gaps in their application of the Market Oversight Framework, utilising PowerBI and Dynamics reports. Design and maintain interactive dashboards on Dynamics that provide real-time visibility into oversight, allowing stakeholders to monitor progress and make informed decisions.
- Insightful tools and training
- Alongside Oversight Framework Managers take a key role in the design, development, training, championing and ownership of tools created on Dynamics and PowerBI to facilitate the oversight framework.
- Collaborate with IT, oversight teams and end users to deliver intuitive, user-friendly products which support the delivery of the oversight framework.
- Manage the PowerBI and Dynamics requirements list to ensure enhancements requested by the Oversight Framework team are prioritised and efficiently delivered.
- Market Oversight Letters creation and continued analysis
- Support Account Managers and Oversight Framework Managers in the creation of Market Oversight Letters through collating inputs from oversight teams, providing challenge and ensuring that oversight is risk-based.
- Once issued to the market, track the management of the interventions communicated through the Market Oversight Letters, using Dynamics and PowerBI. With support from Oversight Framework Managers reflect on the consistency of Dynamics entries with Market Oversight Letters issued and against managing agents’ evolving risk profiles (as identified through Syndicate Categorisation). Ensure differences are highlighted to Lloyd’s oversight teams and Account Managers. This involves extensive interaction across multiple Lloyd’s teams and producing reports for a range of stakeholders including the PRA, Executive Risk Committee and Market Oversight Group.
- Driving a continually effective and challenged Market Oversight Framework
- Support Oversight Framework Managers with the design, documentation and operation of processes and systems to enable a coherent and risk-based Market Oversight Framework.
- Work closely with Oversight Framework Managers to complete and document an annual review of the Market Oversight Framework and Lloyd’s Principles for Doing Business. This entails working closely with Oversight Framework Managers and Oversight teams.
- In addition, support the design and management of the annual review of the Principles for Doing Business and the Principles Board Attestation process (which takes into consideration managing agents’ view of their own compliance against Lloyd’s position), ensuring the content and guidance remains appropriate and sufficient to manage key risks.
- Primary Operational Risk Management Point of Contact
- Responsible for the key stakeholder relationship with Operational Risk Management. Cultivate a collaborative relationship and ensure accurate and timely risk appetite reporting as above). Support the Risk and Control Self-Assessment (‘RCSA’) process, act as Oversight Framework Risk Representative and incorporate feedback from various stakeholders, including the Executive Risk Committee.
Apply now to make a significant impact in the heart of the insurance industry!
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
Top Skills
Lloyd's London, England Office
One Lime Street, London, United Kingdom, EC3M 7HA
