Senior Risk Analyst ??? Insurance

60000.00 - 70000.00 GBP Annual + GBP60000 - GBP70000/annum
11 Mar 2017
25 Mar 2017
Contract Type
Full Time
Senior Risk Analyst - Insurance
GBP60k - GBP70k + Benefits

Knole Green are working with a leading national insurance business to find an experienced Senior Risk Analyst. You will report directly into the Chief Risk Officer and deliver key components of the Enterprise Risk Management framework.

Key Responsibilities:

* Ensuring the firm's Risk Register is continuously updated and maintained, thereby representing the firm's comprehensive and accurate up to date risk profile
* Particular focus on Operational Risk Management, work with risk owners to ensure operational risks are identified, understood and managed. Focussing on the delivery of business incident reporting, operational risk deep-dive reviews and maintaining ORIC reporting
* Working with the CRO, Compliance Manager and Internal Auditor to maintain continuous and co-ordinated 2nd and 3rd line oversight of outsourced activity, leveraging work done by their control equivalent functions
* Working with the CRO to form and articulate independent 2nd line of defence views on the management of operational risk, for regular presentation to ExCo Risks and Capital Committee, and others as relevant.
* Understanding of other major Risk areas (Underwriting, Reserving, Credit, Market and Liquidity), any experience of utilising vendor catastrophe models is also beneficial
* Working with the CRO and the chairs of Operations and Re-insurance Sub Committees to ensure that meeting agendas, discussion, outcomes and minutes demonstrate good 1st line risk management of risks relevant to their remit
* In coordination with the Compliance and Internal Audit functions perform initial required periodic reviews of Solvency II and other risk policies and processes, for escalation to policy owners and the CRO
* Working with the CRO to ensure that an effective and efficient ORSA process is established and maintained, that a comprehensive range of inputs is routinely captured to draft the annual ORSA report.
* Deputising or alternating for the CRO when Committee and other meetings clash where Risk representation is expected

Knowledge and Experience:

Enterprise Risk Management:

* Maintained a Risk Register and considerable experience of 1st Line risk and control assessments
* Experience in developing, monitoring and reporting on KRI's and Risk Appetite Metrics
* Experience in embedding an emerging risk identification framework

Strong Operational Risk Experience including:

* Understanding of Operational Risk Drivers, with a particular focus on Op Risk stemming from Outsource providers
* Experience of embedding Business Incident Reporting in 1st Line
* Working with Actuarial Team / 1st line risk owners on delivering operational risk scenarios

Solvency II ERM

* Broad understanding of the SII requirements, particularly ERM and ORSA
* Worked on delivering and embedding the ORSA process and ultimately the report
* Experience of IMAP beneficial but not required
* Experience of working with Internal Model / Standard Formula output and understanding trends / change
* Experience of working on model validation beneficial but not required

Senior Risk Analyst Salary & Benefits:

On offer to the successful Senior Risk Analyst is a highly competitive salary of up to GBP70,000 per annum + Benefits including company car / allowance, pension, healthcare and generous holiday entitlement

With the role covering a wide range of risk management areas there is considerable opportunity for development and direct responsibility for running a successful and embedded risk function