Risk Analyst

Job summary

This is a broad role that will provide you with the opportunity to gain practical experience and knowledge in our Risk team, which is there to support all areas of our business in managing the risks and potential losses of the insurance markets in which we operate.

This role sits within the Risk function with a primary focus on Risk Reporting and Risk Oversight.

The Risk Analyst is responsible for analysing, interpreting, and communicating risk information to provide meaningful insight and independent challenge to the business. The role plays a key part in ensuring that the organisation’s risk profile is clearly understood, appropriately monitored against appetite, and effectively communicated to senior management and committees.

Main duties

The role encompasses a broad range of risk management and reporting activities. As a Risk Analyst your duties will include:

• Analyse and interpret risk data to produce clear, insightful management information (MI)
• Monitor and assess the organisation’s risk profile and adherence to risk appetite
• Identify, investigate and escalate breaches, near misses, and emerging risk issues
• Produce and deliver risk reporting for committees and senior management forums
• Track actions, decisions and follow-ups to support effective governance
• Contribute to independent risk reviews and oversight activities
• Contribute to the delivery of key risk processes and projects, including: ORSA and Validation
• Contribute to and perform risk assessments and deep-dive reviews

Regulatory responsibilities

• Support the production of regulatory reports and submissions
• Ensure outputs meet required standards and reflect an appropriate level of second line review and challenge

Our requirements

Relevant experience

Essential             

• Risk management experience, ideally within insurance or financial services
• Experience in risk reporting, MI production, or risk analysis preferred
• Progress towards a professional qualification (e.g. IRM, ACII) desirable

Technical skills

Essential             

• Proficient knowledge of Excel, Word and PowerPoint
• Good written skills with the ability to translate complex information into clear messages
• Broad understanding of risk management frameworks and concepts

Desirable

• Lloyd’s experience
• Experience producing clear and insightful management reporting

Education & Experience

Desirable         

• 2:1 degree or better
• Previous experience within insurance industry and risk management

Personal skills

• Strong analytical and problem solving capability
• Ability to exercise judgement and provide constructive challenge
• Clear and confident communicator, able to engage stakeholders at different levels
• Well organised, proactive, and accountable for outputs
• Collaborative team player with the ability to build relationships
• Curious mindset with an interest in understanding drivers of risk and business impact

Board & Committee Memberships

None

Other responsibilities

None

ABOUT US

Chaucer is a leading insurance group at Lloyd’s, the world’s specialist insurance market. We help protect industries around the world from the risks they face. Our customers include major airlines, energy companies, shipping groups, global manufacturers and property groups.

Our headquarters are in London, and we have international offices in Bermuda, Copenhagen, Dubai and Singapore to be closer to our clients across the world. To learn more about us please visit our website.

Chaucer is committed to diversity, actively values difference and respects people regardless of the protected characteristics which are outlined in the Equality Act 2010 (UK legislation) as a result of the Equal Treatment Directive 2006 (EU legislation). 

A diverse workforce and an inclusive workplace are core to our success as a business and integral to our winning strategy and culture. We recruit from the widest available pool of talent, and our hiring, assessment and selection process is fair, free from bias and one which ensures we select the right person for the job, based on merit. We are committed to promoting a culture that actively values difference, and recognises that everyone has the right to be treated with dignity and respect throughout their employment.

We are open to considering flexible working arrangements for all roles and encourage you to outline your needs during the interview process.