Manager, Financial Risk (Assets & Market Entry) at Lloyd's of London

London, England, United Kingdom -

Full Time

Start Date

Immediate

Expiry Date

16 May, 26

Salary

0.0

Posted On

15 Feb, 26

Experience

5 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

Risk Management, Financial Markets, Capital Risk, Investment Risk, Liquidity Risk, Risk Modelling, Solvency II, Risk Opinions, Stakeholder Management, Data Analytics, Stress Testing, Scenario Testing, Regulatory Submissions, Change Management, Strategic Initiatives, Communication

Industry

Insurance

Description

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 are seeking to recruit x2 Managers within Financial Risk (Assets & Market Entry). Within these roles you will be 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 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. Identify and evaluate the material financial and non-financial risks associated with New Entrant applications to the Lloyd’s market, including capitalisation, underwriting and investment strategy, liquidity, governance, operational capability and execution risk. Translate this analysis into robust Risk Opinions for senior governance committees, clearly articulating key risk drivers, mitigants and areas of residual uncertainty to inform approval decisions and ongoing oversight. 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 Assess forward looking risk landscape and conduct thematic reviews and implement any recommendations or findings in conjunction with relevant Corporation teams Support the validation of Lloyd’s Internal Model as required, with particular focus on providing second line challenge and opinion on the Lloyd’s Investment Risk Model and 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 Lloyd’s Treasury & Investment Management and Central Finance. Skills, Knowledge and Experience Knowledge of, Risk management, Financial markets and the role of different asset classes in insurers’ investment portfolios, Nature of key Financial Risk including capital, investment and liquidity risk, Risk modelling, Solvency II / Solvency UK requirements beneficial and the nature of insurance liabilities Good understanding of the Lloyd’s market (beneficial) Build and maintain excellent relationships with all relevant Corporation departments, including Lloyd’s Treasury & Investment Management and Central Finance. Breadth of experience of risk management frameworks and methodology with detailed knowledge and experience of Solvency II/UK 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 beneficial Experience in managing senior stakeholders including challenging or unsupportive stakeholders Communicate (in both written and verbal forms) and engage in debate on complex topics. The role will involve the production of analysis reports which must be clear, accurate and easily accessible to both technical experts and those with a more general understanding of risk management. Should be used to working as part of a team, making effective contributions to team meetings and team initiatives and also be able to take ownership of tasks and projects whilst often working remotely and without supervision. Lead and deliver change within areas of responsibility. Role will involve input into strategic initiatives which have long time horizons so the ability to break-down long term projects into shorter term deliverables is critical. 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 aim is to build a diverse, inclusive environment that reflects the global markets we work in and in which everyone is treated with dignity and respect. We will invest in attracting the best talent to Lloyd’s, making sure recruitment is targeted at bringing in the skills we need to evolve. We will develop a talent pipeline that provides us with the key capabilities we will need for the future. To also create a culture in which every employee fulfils their full potential, ensuring that leaders role-model the behaviours we expect in ourselves and others.

Responsibilities

The role involves contributing to the identification and assessment of financial risks impacting Lloyd's capital and assets, while providing robust challenge to oversight functions regarding capital, investment, and liquidity.