AEGIS London
Risk Manager
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Purpose of the Role
The Risk Manager will support the Head of Risk in embedding, maintaining, and continuously enhancing the Risk Management Framework across AEGIS London. This role is critical in the identification, assessment, and reporting of key risks, ensuring regulatory compliance and alignment with Lloyd’s and broader regulatory expectations.
The Risk Manager will provide clear, commercial, and forward-looking risk oversight to support AEGIS London’s strategic objectives. This role sits with the second line of defence Risk Management function. This is a great opportunity for someone with demonstrable experience in the field/sector to further advance their career within a high-performing syndicate.
Duties And Accountabilities
Risk Management Framework
- Support the Head of Risk in maintaining and enhancing the Risk Management Framework, including promoting risk awareness, delivering training, and supporting risk ownership across the business.
Risk Management Reporting
- Support the preparation, coordination, and delivery of high-quality reporting and documentation for internal and external stakeholders, including committees and working groups.
Risk and Control Registers
- Ensure that the risks register and associated control documentation remain current, accurate, and aligned with the business risk profile, including new and emerging risks; and other stakeholder requirements.
RCSA Process
- Facilitate a robust Risk and Control Self-Assessment (RCSA) process across business functions, ensuring risks and key controls are appropriately assessed, documented, and tested.
Risk Event Management
- Lead the risk event reporting process with the business and work closely with the business to ensure incidents are captured, assessed, and monitored.
Risk Policies
- Support the Head of Risk in maintaining and updating risk policies and procedures.
Risk Appetite and Key Risk Indicators
- Support the development, communication, monitoring, and ongoing refinement of risk appetite limits, tolerances, and key risk and control indicators.
Emerging Risks and Opportunities
- Contribute to the emerging risk identification process, ensuring outputs are integrated into the wider Risk Management Framework. This will include leading deep dive assessments.
Operational Risk Scenario Analysis
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- Embed and manage the operational risk scenario assessment process, ensuring effective stress testing and scenario analysis to support the internal model.
Stress and Scenario Testing
- Support the ongoing design, review, reporting of stress and scenario testing across the business.
Own Risk and Solvency Assessment (ORSA)
- Manage the ongoing development and execution of ORSA processes and procedures, ensuring timely and high-quality reporting that meets stakeholder expectations.
- Support the Head of Risk in leading the risk input to the Business Planning process, including preparation of the Risk Opinion.
Internal Model, Validation, and Assurance
- Support governance of the internal model, ensuring that validation activities are designed, planned, and executed in line with Lloyd’s standards and regulatory expectations. Ensure that model changes are managed and validated appropriately.
- Conduct aspects of technical validation testing and reporting on validation and assurance of internal and external models used for risk, capital, and solvency assessment, ensuring their ongoing appropriateness.
- Complete non-technical validation testing, including the follow-up and closure of actions and recommendations from internal and independent validation exercises.
Regulatory Oversight
- Ensure compliance with UK (Lloyd’s, PRA, FCA) risk management requirements.
- Support delivery of the Lloyd’s Principles Assessment process across AEGIS London.
- Support the Chief Risk and Compliance Officer and Head of Risk in managing effective engagement with regulators, ensuring clear and accurate communication on risk-related matters.
Skills, Knowledge, and Experience
The successful candidate will be/have:
- Demonstrable years’ worth of Risk Management experience covering key risk types in Lloyd's/London Market.
- Be a strong team player with excellent interpersonal and communication (written, verbal, and presentational) skills.
- Demonstrate proven experience of working effectively with senior management, underwriting teams, and business functions across insurance company operations.
- Proactive, highly organized, and efficient, with strong analytical skills and exceptional attention to detail.
- Results-focused, able to structure work effectively, set priorities, and deliver to tight deadlines.
- Well-versed knowledge of prudential regulatory requirements (Lloyd’s, PRA, Solvency UK/ SII) and associated good practice.
- Proficient in Microsoft Office, and comfortable working with a range of systems, data sources, and reporting tools.
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AEGIS Values
Fairness and Respect
We make decisions considering the best interests of key stakeholders. We are direct and straightforward in our actions, working collaboratively to create a culture of fairness and respect.
Open and Inclusive
We act with integrity, valuing diversity of thought and background. We take time to listen to the needs of our customers, stakeholders, and colleagues working together to seek and share information.
Ambitious
We have a passion for success, aspiring to be recognized as best in class. We embrace new opportunities, encouraging innovation in pursuit of our goals.
Striving to be Better
We strive to improve at all times, challenging complacency, being agile, and adapting to change. We always seek to improve our customers’ experience with us.
Investing in People’s Potential
We provide an environment where each employee can reach their personal potential. We encourage personal accountability for performance and individual ownership for growth and success.
Diversity and Inclusion
AEGIS London is an equal opportunities employer and recognizes the value of a diverse workforce in facilitating better decision-making and business growth. We encourage a variety of differing views, perspectives, and insights to create a collaborative working environment. Diversity and Inclusion are fundamental to our business, and we encourage applications from all backgrounds recognizing the diversity of society and our customers.
It’s important to us that you are able to perform at your best when applying for a role with AEGIS London. If there are any adjustments we can reasonably make to ensure that the process is accessible for you, please telephone us on +44(0)20 7856 7856 or email recruitment@aegislondon.co.uk.
As a business, we understand individual circumstances may differ and aim to be adaptable and to support flexible working practices. Talk to our recruitment team to understand how AEGIS London can help support you in reaching your full potential.
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