Senior Associate, Operational Risk

Lloyd’s is the world’s leading insurance and reinsurance marketplace, bringing together the world’s leading risk takers to advance global progress.

Our strategy is focused on delivering strong underwriting performance, operating an efficient and flexible marketplace, and maximising the capital advantage of the Lloyd’s market — while continuing to build a Lloyd’s we are proud of.

How we deliver this, matters. We take the risk, make things happen, and own the outcome — working together across our global network to turn insight into impact.

Senior Associate – Operational Risk (Advisory & Oversight)

Location: London
Department: Risk Management | Lloyd’s

About Lloyd’s

Lloyd’s is the world’s leading marketplace for insurance and reinsurance, known globally for its expertise, integrity, and innovation. Our Risk Management function plays a critical role in enabling the market to thrive by ensuring risks are effectively identified, assessed, and managed in line with our strategic objectives.

The Role

We are seeking a Senior Associate – Operational Risk to join our Advisory & Oversight team. This role supports the development and execution of Lloyd’s operational risk framework, partnering closely with business functions—particularly Finance—to ensure operational risks are effectively managed.

You will provide both support and constructive challenge to stakeholders, helping ensure risks arising from people, processes, systems, and external events are identified and managed within appetite.

Key Responsibilities

• Partner with business functions to ensure operational risks are clearly identified, assessed, and managed within risk appetite
• Support and challenge stakeholders on their risk management approach and practices
• Drive effective use of risk tools, including:
  • Risk & Control Self-Assessments
  • Incident and event reporting
  • Risk appetite and emerging risk reporting
  • Stress and scenario testing
• Lead or contribute to thematic risk reviews, providing independent assurance and actionable recommendations
• Deliver clear and insightful reporting to risk committees and senior stakeholders
• Build effective risk reporting outputs using data and risk systems
• Develop strong relationships across the organisation, including senior stakeholders
• Support ad hoc projects and risk-related initiatives as required

Skills & Experience

Core skills:

• Strong stakeholder management and communication skills
• Ability to challenge constructively and influence at senior levels
• Analytical mindset with the ability to interpret and communicate complex risk topics
• Strong organisational skills with the ability to manage multiple priorities
• Collaborative approach with the ability to work effectively in a team environment
• Project and change management capability

Knowledge & experience:

• Experience in operational risk management or applying risk frameworks, tools, and processes
• Understanding of operational business functions (particularly Finance)
• Knowledge of risk methodologies (e.g. risk assessment, incident management, Solvency II principles)
• Experience working with senior stakeholders and contributing to governance forums or committees

Qualifications

• Professional qualifications such as IRM or CII (desirable or working towards)

Why Join Lloyd’s

• Work at the heart of a globally recognised financial services organisation
• Gain exposure to senior stakeholders and key strategic risk matters
• Play a critical role in shaping and strengthening operational risk practices
• Be part of a collaborative, high-performing and purpose-driven organisation

Being inclusive at Lloyd’s is integral to how we work — and how we deliver impact.
We aim to build a diverse, inclusive environment that reflects the global markets we serve, where everyone is treated with dignity and respect and supported to reach their full potential.

We take the risk by challenging traditional thinking and being proactive about inclusion. That means being open and positive about workplace adjustments, prioritising health and wellbeing, and investing in diversity and inclusion training so everyone feels able to contribute and succeed.

We make things happen by turning our commitment into action. Through employee networks, mentoring, volunteering opportunities and sustained investment in professional development, we create an environment where inclusion is experienced day‑to‑day — not just talked about.

We own the outcome by focusing on impact. By bringing together diverse perspectives and the best minds in the industry, we work collaboratively with underwriters and brokers to create innovative, responsive solutions that share risk and solve complex problems across global markets.

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

https://urldefense.com/v3/__http:/ctir.cleartalents.com/apply/experiencedhires__;!!BHksnLxjsWnPVFM!Zw-sfFLbBNwtuHUIxAmJhLtq95RHC4LwVQ7lnk_w-3aFwpTfsLqE3qds0B5si5JOpqnfgYCoarWa3kTt1ET-Wfj94vZY_A$