Arthur Recruitment
Senior Risk Analyst (12 Month FTC)
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Senior Risk Analyst – Enterprise Risk Management (ERM)
12-Month Fixed-Term Contract
Role Purpose
The Senior Risk Analyst will play a key role in supporting the delivery, maintenance, and continuous enhancement of the Enterprise Risk Management (ERM) Framework. Reporting to the Head of Risk, the role will help ensure the syndicate's risk management framework remains effective, proportionate, and aligned with Lloyd's, PRA, and FCA regulatory requirements, while supporting informed business decision-making.
Working closely with stakeholders across the business, the successful candidate will coordinate key ERM activities, provide independent second-line challenge, produce high-quality risk reporting for senior management and Board committees, and contribute to embedding a strong risk culture across the organisation.
This role is well suited to an experienced ERM professional with Lloyd's and London Market experience who is looking to broaden their exposure across the full enterprise risk framework.
Key Responsibilities
Enterprise Risk Management
- Support the operation and continuous improvement of the Enterprise Risk Management Framework.
- Coordinate the quarterly enterprise risk management cycle, including risk identification, assessment, monitoring, and reporting.
- Maintain the enterprise risk register, ensuring risks are appropriately assessed, documented, and aligned to the approved risk taxonomy.
- Review and challenge risk and control assessments completed by the first line of defence.
- Monitor emerging risks and facilitate horizon scanning activities.
- Support the ongoing review of the Risk Appetite Framework, including monitoring Key Risk Indicators (KRIs), tolerances, and appetite metrics.
- Facilitate risk workshops and provide guidance to business stakeholders on risk management best practice.
- Support initiatives to strengthen and embed a positive risk culture across the organisation.
Risk Reporting
- Prepare timely, accurate, and insightful risk reports for Executive Committee, Risk Committee, and the Board.
- Analyse risk trends, incidents, KRIs, and emerging risks, highlighting key themes and areas requiring management attention.
- Monitor risk mitigation actions and report on progress, escalating overdue or high-priority actions where appropriate.
- Support the preparation of the annual Risk Management Report and other internal and regulatory reporting.
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Governance
- Support the governance framework through the preparation of committee papers, reporting packs, and meeting materials.
- Maintain and periodically review risk policies, standards, and supporting documentation.
- Track actions arising from Risk Committees, Internal Audit reviews, and regulatory findings to completion.
- Support the annual review of the ERM Framework and associated policies and procedures.
Regulatory and Risk Framework Support
- Support compliance with applicable regulatory requirements, including Lloyd's Minimum Standards, PRA, FCA, and Solvency UK requirements.
- Assist with responses to regulatory requests, internal audits, and external assurance reviews.
- Monitor regulatory developments and emerging industry guidance, assessing their impact on the risk framework.
- Support the ongoing enhancement of ERM policies, methodologies, and reporting processes.
Stakeholder Management
- Build and maintain effective working relationships with Underwriting, Claims, Finance, Actuarial, Compliance, Operations, Technology, and other business functions.
- Provide pragmatic advice and constructive second-line challenge to support effective risk management and informed decision-making.
- Promote awareness and understanding of enterprise risk management responsibilities across the business.
Skills & Experience
Essential
- Experience in an Enterprise Risk Management role within the insurance industry.
- Experience working within a Lloyd's managing agent, syndicate, or London Market insurer.
- Good understanding of enterprise risk management frameworks and governance.
- Knowledge of Lloyd's, PRA, and FCA regulatory requirements.
- Experience preparing Board, Executive Committee, and Risk Committee reporting.
- Experience maintaining enterprise risk registers and monitoring management actions.
- Strong analytical and problem-solving skills with excellent attention to detail.
- Excellent written and verbal communication skills.
- Ability to build effective relationships and influence stakeholders at all levels.
- Strong organisational skills with the ability to manage multiple priorities and deadlines.
- Proficient in Microsoft Office applications, particularly Excel and PowerPoint.
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Desirable
- Experience supporting the ORSA process.
- Knowledge of operational resilience, outsourcing, and third-party risk management.
- Experience using enterprise risk management systems such as Protecht, Active Risk Manager, Riskonnect, or similar.
- Experience developing management information dashboards using Power BI or similar tools.
- Understanding of climate risk, ESG, and emerging regulatory developments affecting the insurance sector.
Qualifications
Essential
- Degree or equivalent professional experience.
Desirable
- Institute of Risk Management (IRM) Certificate or Diploma.
- Chartered Insurance Institute (CII) qualification.
- International Compliance Association (ICA) qualification.
- ACA, ACCA, or another relevant professional qualification.
Competencies
The successful candidate will demonstrate:
- Strong analytical thinking and sound judgement.
- High attention to detail and commitment to quality.
- Excellent written, verbal, and presentation skills.
- The ability to build collaborative relationships across the business.
- Confidence to provide constructive and independent challenge.
- Commercial awareness and an understanding of the Lloyd's and London Market insurance environment.
- A proactive, organised, and solutions-focused approach.
- The ability to work independently while contributing effectively within a team.
- Strong planning and prioritisation skills.
- Professional integrity, discretion, and a commitment to maintaining high ethical standards.
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