Manager, Financial Risk (Capital & Assets)

Lloyd’s is the world’s leading insurance and reinsurance marketplace. We share the collective intelligence and risk sharing expertise of the market’s brightest minds, working together for a braver world. 

Our role is to inspire courage, so tomorrow’s progress isn’t limited by today’s risks.  

Our shared values: we are brave; we are stronger together; we do the right thing; guide what we do and how we act. If you share our values and our passion to build a future that’s more sustainable, resilient and inclusive, you’ll find a home at Lloyd’s – build a braver future with us. 

Lloyd’s is the world’s leading insurance and reinsurance marketplace. We share the collective intelligence and risk sharing expertise of the market’s brightest minds, working together for a braver world. 

Our role is to inspire courage, so tomorrow’s progress isn’t limited by today’s risks.  

Our shared values: we are brave; we are stronger together; we do the right thing; guide what we do and how we act. If you share our values and our passion to build a future that’s more sustainable, resilient and inclusive, you’ll find a home at Lloyd’s – build a braver future with us

Lloyd’s is seeking to recruit a Manager, Financial Risk (Capital & Assets). The  role  is  responsible  for  ensuring  the  effective  management  of  the  financial  risks  faced  by Lloyd’s, with a focus on those impacting the capital or assets of both the Corporation and the wider Lloyd’s market. As a senior member of the Risk Management team, the role holder is expected to demonstrate inclusive and inspirational leadership that supports the attraction, progression and retention of a high performing, diverse and market focused employee population. You will be expected to contribute to  an open and transparent culture of risk management and demonstrate a  strong awareness of the risks that should be managed within the responsibilities of the role

Principal Accountabilities

Contribute  to  the  identification  and  assessment  of  the  financial  risks  faced  by  Lloyd’s,  in particular capital, investment and liquidity risks

Provide  robust  risk  oversight  and  challenge  to  the  functions  responsible  for  managing  those financial  risks,  making  recommendations  for  improvements  in  the  control  environment  where necessary

Provide risk input into key Lloyd’s strategic finance-led initiatives and including identification of risks  and  ensuring  risks  are  adequately  addressed  and  mitigated  where  possible  throughout design phase

Provide robust challenge to the capital, investment and liquidity syndicate oversight functions at Lloyd’s to ensure a risk-based approach to Lloyd’s supervision is adopted and applied in line with Lloyd’s overarching oversight framework.

Assess forward looking risk landscape and conduct thematic reviews and implement any recommendations or findings in conjunction with relevant Corporation teams

Assist  in  the  validation  of  Lloyd’s  Internal  Model  by  leading  the  validation  of  the  Lloyd’s Investment Risk Model and the appropriateness of financial market assumptions derived from the Economic Scenario Generator

Develop the processes, systems and data analytics that the risk team use to engage with and oversee  functions.  Help  to  design  frameworks  for  risk  engagement  in  key  strategic  decision making

To  lead,  or  contribute  to  as  part  of  the  team,  a  range  of  key  capital  management  processes, including supporting Change, Use and Governance of the Lloyd’s Internal Model, production of relevant  sections  of  the  ORSA,  development  and  co-ordination  of  Stress  &  Scenario  testing, Recovery and Resolution Planning

Build and maintain excellent relationships with all relevant Corporation departments, including ‘Heads  of’  roles  where  appropriate  within  Market  Reserving  &  Capital,  Lloyd’s  Treasury  & Investment Management and Central Finance.

Respond with agility to requests (i.e. ad-hoc projects) from the Chief Risk Officer or Head of Risk Management

Skills and Knowledge

• Expert knowledge of Risk management
• Financial markets and the role of different asset classes and derivatives in insurers’ investment portfolios  
• Nature of key Financial Risk including capital, investment and liquidity risk  
• Risk modelling
• Solvency II requirements
• The nature of P&C insurance liabilities and classes of business
• Good understanding of the Lloyd’s market beneficial
• Breadth of experience of risk management frameworks and methodology with detailed knowledge and experience of Solvency II and current trends in UK regulation
• Track record of delivery of strategic risk lead initiatives and subject matter authority
• Track Record of influencing outcomes with senior management in both formal (e.g. Committee) and informal settings •Experience of investment risks and financial markets
• Experience in risk and capital modelling including Economic Scenario Generators
• Experience in managing senior stakeholders including challenging or unsupportive stakeholders

Diversity and inclusion are a focus for us – Lloyd’s aim is to build a diverse, inclusive environment that reflects the global markets we work in.  One where everyone is treated with dignity and respect to achieve their full potential. In practice, this means we are positive and inclusive about making workplace adjustments,?we offer regular health and wellbeing programmes, diversity and inclusion training, employee networks, mentoring and volunteering opportunities as well as investment into your professional development. You can read more about diversity and inclusion on our website. 

We understand that our work/life balance is important to us all and that a hybrid of working from the office and home can offer a great level of flexibility.? Flexible working forms part of a total reward approach which offers a host of other benefits over and above the standard offering (generous pension, healthcare, wellbeing etc).? These include financial support for training, education & development, a benefit allowance (to spend on our flexible benefits such as gym membership, dental insurance, extra holiday or to partake in our cycle to work scheme), employee recognition scheme and various employee discount schemes.  

By choosing Lloyd's, you'll be part of a team that brings together the best minds in the industry, and together with our underwriters and brokers, we create innovative, responsive solutions allowing us to share risk and solve complex problems. 

Should you require any additional support with your application, or any adjustments, please click the following link;

https://cleartalents.com/apply/lloyds-msa1645695881

Please note, clicking on this link does not register your application for the vacancy