Chaucer Group
Risk Analyst - Insurance / Financial Services
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Risk Analyst - Insurance / Financial Services
Risk Analyst – Risk Reporting & Oversight
About Chaucer
Chaucer is a leading insurance group at Lloyd’s, the world’s specialist insurance market. We protect global industries—such as major airlines, energy companies, shipping groups, global manufacturers, and property firms—from the risks they face.
Headquartered in London, with international hubs in Copenhagen, Dubai, Miami, Dublin, Singapore, Sydney, and Bermuda, we operate close to our clients worldwide. 🔗 Learn more at www.chaucergroup.com
Job Summary
This role provides hands-on experience in our Risk team, which supports the entire organisation with managing risks and potential losses across our global insurance markets. Your focus will be on Risk Reporting and Risk Oversight, ensuring the organisation’s risk profile is understood, monitored against appetite, and communicated effectively at all levels.
The Risk Analyst will:
- Analyse and challenge risk data to inform key decisions.
- Play a critical role in governance, reporting to senior management and risk committees.
- Contribute to independent risk reviews, compliance, and strategic risk initiatives.
Main Duties
Your responsibilities will include:
Core Risk Management & Reporting
- Analyse and interpret risk data to produce clear, insightful management information (MI).
- Monitor the organisation’s risk profile and ensure alignment with risk appetite.
- Identify, assess, and escalate breaches, near misses, and emerging risks to stakeholders.
- Prepare and present risk reports for committees and senior management forums.
- Track and follow up on actions, decisions, and governance safeguards:
- Actions required from risk assessments
- Risk mitigation plans
- Regulatory compliance deliverables
Independent Oversight & Process Support
- Contribute to independent risk reviews, deep-dive analyses, and process validation.
- Assist in delivering key risk projects, including:
- ORSA (Own Risk and Solvency Assessment)
- Validation exercises
- Risk strategy reviews
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Regulatory & Compliance Support
- Support regulatory reporting (e.g., submissions to FCA, Lloyd’s, or local markets).
- Ensure findings meet second-line review standards and reflect robust challenge.
Relevant Experience
Essential
- Experience in risk management (preferably within insurance, finance, or energy sectors).
- Familiarity with risk reporting, MI production, or risk data analysis is preferred.
- Progress towards a professional qualification (e.g., IRM, ACII, CERA) highly desirable.
Desirable
- Experience in Lloyd’s market or working within a specialist insurance or reinsurance firm.
- Proficiency in crafting clear, insightful risk and operational reports.
Technical Skills
Essential
✔ Proficient in Excel (advanced formulas, data modelling, dashboards) ✔ Strong written communication, able to simplify complex information for stakeholders ✔ Basic understanding of risk management frameworks (COSO, ISO 31000, IFRS17 compliance where applicable)
Desirable
✔ Experience with risk management software (e.g., risk databases, analytics tools, Power BI). ✔ Exposure to actuarial or financial risk analysis techniques.
Education & Professional Development
Desirable
- A UK 2:1 (or equivalent) degree in Finance, Risk Management, Economics, Business, Mathematics, or a related field.
- Industry experience in insurance, corporate risk, or compliance functions.
Personal Skills
A successful candidate will demonstrate:
- Analytical mindset and strong problem-solving skills.
- Ability to exercise circumspect judgement with constructive challenge when risk appetite may be exceeded.
- Clear communicator—effective in discussions with senior executives, regulators, and cross-functional teams.
- Customisable collaboration, balancing independent thought with teamwork and relationship-building.
- Curiosity about risk dynamics—innate interest in understanding root causes of risks and business impact.
- Proactive attitude with ownership of output and attention to detail.
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Why Join Chaucer?
Our Impact
As a global insurer operating across Lloyd’s and independent markets, we protect industries critical to our economy—from nuclear, shipping, infrastructure, aviation to commercial real estate. Our scale and expertise enable us to support complex risks that others cannot.
Growth & Recognition
- Our Gross Written Premiums grew from $1.4bn (2019) to $3.5bn (2024).
- Backed by strong platforms, client relationships, and UK HQ advantage, we are investing in increasing our trading capacity and geographic footprint.
Culture & Benefits
Flexible hybrid model – coming into the office to foster collaboration while balancing flexibility. Diverse & inclusive workplace that values individual talents and perspectives.
Holistic Benefits
- Extensive benefits (non-contributory), including:
- Comprehensive medical/life insurance and pension scheme.
- Flexible holiday entitlement (30+ days + public holidays).
- Wellbeing support: counselling, resilience training, fitness programmes.
- Professional development: mentorship, upskilling opportunities, succession planning.
- Equity reticules awarded on performance (applicable for certain roles).
Exercise careful judgement—the role merges strong commercial insight with a regulatory lens, ensuring decisions balance risk, appetite, and compliance.
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