Senior Risk Analyst
Senior Risk Analyst
Employer Active
Job Alert
You will be updated with latest job alerts via email
Share
Job Alert
You will be updated with latest job alerts via email
Job Description
Starr Insurance Companies is a leading insurance and investment organization providing commercial property and casualty insurance including travel and accident coverage to almost every imaginable business and industry in virtually every part of the world.
Cornelius Vander Starr established his first insurance company in Shanghai China in 1919. Today we are one of the worlds fastest growing insurance organizations capable of writing in 128 countries on 6 continents.
Roles and Responsibilities
Risk & Control SelfAssessment
- Assist the business with developing their risk and control registers providing support to identify and analyse key risks and controls.
- Critically assess and challenge the risk and control registers of each function to ensure they continue to provide value and assurance to senior management.
- Embed the quarterly RCSA attestation programme.
- Working with the business Compliance and Audit to develop and maintain a testing programme to validate the attestations provided by risk and controls owners.
Risk Framework
- Develop and maintain appropriate Board risk appetite statements with key metrics aligned to the risk profile of the Starr legal entities.
- Develop and embed risk appetite breach monitoring and ensure appropriate resultant actions are taken following a breach of agreed alert limits or thresholds.
- To coordinate and report details of top risks and emerging risks to the Starr legal entities and ensuring there is appropriate challenge to the management response to those top and emerging risks.
- Coordinate and critically assess the annual Lloyds Principles business attestation.
- Draft and maintain risk policies and procedures relating to the risk function and key elements of the ERM framework.
- To ensure that risk events raised by the business are promptly analysed reported and managed in accordance with the risk event management process and that immediate issues and root causes are identified and addressed in a costeffective manner.
- To maintain the integrity of the data held in the risk database system and to encourage business ownership and use of the tool providing training and support as required to embed that usage.
- To conduct thematic reviews of business activity that presents both a threat or opportunity to business strategy or risk appetites or otherwise is considered to present a material risk to the business that requires an appropriate business response.
- To support the delivery of the stress and scenario testing framework and to generate supporting analysis for the ORSA process and quarterly/ annual reporting.
Reporting
- To provide risk reporting that is insightful clear and relevant to both the governance Committees and business functions and in accordance with the relevant committee TORs.
- Coordinate the ORSA process and draft the annual ORSA reports for the relevant Starr legal entities.
Experience
- 5 years relevant experience;
- Understanding of regulatory expectations;
- Understanding of London market and Lloyds practices preferable not essential.
Qualifications
- Numeracy degree and or professional numeracy or risk management qualification preferred
Starr is an equal opportunity employer which means well consider all suitably qualified applicants regardless of gender identity or expression ethnic origin nationality religion or beliefs age sexual orientation disability status or any other protected characteristic. We recruit and develop our people based on merit and were committed to creating an inclusive environment for all employees. We offer first class training and development opportunities to all employees. Our aim is to grow our own talent and bring out the best in people.
Required Experience:
Senior IC
Employment Type
Full-Time
