Risk Manager

Risk Manager Department: Managing Agency Employment Type: Permanent Location: Cheltenham

Description Polo Managing Agency (PMA) is seeking a talented Risk Manager to play a key role in shaping and embedding our risk management framework across the agency and the syndicates under our management. This is a high‑visibility role offering broad exposure across the business, significant interaction with senior leaders, and the opportunity to directly influence how risk supports strategic decision‑making.

If you are passionate about elevating risk management, thrive in a collaborative environment, and want to contribute to a forward‑thinking Lloyd’s market organisation, we would love to hear from you.

Key Responsibilities As Risk Manager, you will work closely with the Director of Risk & Governance to continually enhance PMA’s risk management framework, ensuring it reflects market best practice and adds real value to the business. You will partner with teams across the agency to support effective risk identification, assessment, mitigation, and reporting.

Enhance PMA’s Risk Management Framework, ensuring alignment with evolving regulatory expectations and industry best practice. Develop and refine syndicate risk appetite frameworks, including risk tolerance metrics, thresholds, and reporting. Maintain and improve risk and control registers, ensuring risks, controls, and mitigation strategies remain accurate and effective. Facilitate risk and control assessments, ensuring key controls are identified, documented, and assessed for design and operational effectiveness. Conduct bespoke risk analysis, including independent assessments and scenario analysis in line with the annual risk plan. Provide second‑line oversight for PMA’s project portfolio, ensuring project risks are identified, challenged, and appropriately mitigated. Support onboarding of new syndicates, including risk assessments and Lloyd’s Making It Happen requirements. Manage the risk incident process, including impact assessment, recommended actions, and root cause analysis. Contribute to stress and scenario testing, including operational risk inputs for syndicate Internal Models. Maintain and enhance the emerging risks framework and register. Support quarterly and annual ORSA processes, including production of regulatory risk reports (ORSA/OSCA). Assist with validation of internal models for managed syndicates. Deliver risk services to outsourced serviced syndicates. Review and update risk management policies in line with governance requirements.