Senior Risk Analyst

About us

Avencia Consulting are currently partnered with a leading Specialty & Bespoke Insurer who are looking to expand their Risk function for a Senior Risk Analyst to join.

The Company currently writes lines of business including; specialty insurance: aviation & aerospace, energy, marine, property, terror & political violence, contingency and other specialty lines; reinsurance: property reinsurance, property retrocession, specialty reinsurance, whole account/multi-class and bespoke.

The role

Fidelis is searching for a talented, experienced Senior Risk Analyst to join its expanding Risk Management team. The Senior Risk Analyst will have the opportunity to work closely with senior business leaders through the enhancement and execution of the company's global risk framework. This person will also have regular and direct access to the Global Chief Risk Officer.

The role will offer significant growth potential as part of a team that covers the entirety of the Group. The individual will be able to expand their end-to-end knowledge of the Risk Management process and use their skills to help influence our nimble and innovative business. This role will provide unique insight and access into the world-class underwriting process along with all other key functions for the business.

The Senior Risk Analyst will have to be highly organised, detail orientated and a strong communicator. We are looking for someone with experience in both Insurance and Risk Management but are open to candidates with the requisite skills and comparable experience in other functions or sectors.

The Risk Management team covers a comprehensive view of organisational risks including strategic, operational, service, regulatory and financial risks.

Key accountabilities

• The Senior Risk Analyst will take primary responsibility for the following:
  • Leading the quarterly risk review and top risk review with key function leaders and control owners
  • Coordinating impacts of activity to the risk register as well as related stakeholders including Compliance, Internal Audit and SOX
  • Taking the lead on certain Risk Incident responses
  • Developing a working understanding of new risks or controls
  • Leading the implementation of a new GRC system to streamline the use of the Group risk register

• The Senior Risk Analyst will support the Risk team in the following activities:
  • Developing regular reporting to Boards and business partners
  • Demonstrating adherence to market expectations around ESG and Climate Change Risk
  • Working with functional leaders and business partners to identify, categorise and develop an effective strategy to manage Emerging Risks
  • Maintaining Risk Governance Framework (e.g., policies, procedures and frameworks)
  • Develop and delivery risk training
  • Develop strong oversight controls over the Exposure Management, Capital and Pricing functions
  • Maintain strong working relationship with risk functions in partner organisations
  • Supporting the business to keep wind-down (resolution) plans current and relevant

Skills & experience

• University degree, preferably in Mathematics, Science or Economics
• Strong preference for candidates with advanced degree or relevant industry qualifications
• Strong academic background and mathematical acumen
• Experience with managing risks around outsourcing of key business services
• 4-7 years' experience in the Insurance Risk sector (Risk Management, External Audit, Internal Audit)
• Additional experience in the wider Insurance industry is a plus
• Excellent Microsoft Office skills, in particular Microsoft Excel, PowerPoint and PowerBI
• Experience working with Financial Regulators across multiple jurisdictions (e.g., PRA/FCA, CBI, BMA, FSRM)
• Must be a strong critical thinker who can interrogate the data to ensure it makes sense and provide challenge when required
• Must be able to balance working on detailed projects and maintaining the ability to step back to understand enterprise risks
• Must be able to respond positively during busy periods through multi-tasking and effective prioritization against needs of business