Job Description

Manager Financial Risk (Capital & Assets)

Lloyd\xe2\x80\x99s is the world\xe2\x80\x99s leading insurance and reinsurance marketplace. We share the collective intelligence and risk sharing expertise of the market\xe2\x80\x99s brightest minds, working together for a braver world.

Our role is to inspire courage, so tomorrow\xe2\x80\x99s progress isn\xe2\x80\x99t limited by today\xe2\x80\x99s 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\xe2\x80\x99s more sustainable, resilient and inclusive, you\xe2\x80\x99ll find a home at Lloyd\xe2\x80\x99s \xe2\x80\x93 build a braver future with us.

Lloyd\xe2\x80\x99s is the world\xe2\x80\x99s leading insurance and reinsurance marketplace. We share the collective intelligence and risk sharing expertise of the market\xe2\x80\x99s brightest minds, working together for a braver world.

Our role is to inspire courage, so tomorrow\xe2\x80\x99s progress isn\xe2\x80\x99t limited by today\xe2\x80\x99s 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\xe2\x80\x99s more sustainable, resilient and inclusive, you\xe2\x80\x99ll find a home at Lloyd\xe2\x80\x99s \xe2\x80\x93 build a braver future with us

Lloyd\xe2\x80\x99s 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\xe2\x80\x99s, with a focus on those impacting the capital or assets of both the Corporation and the wider Lloyd\xe2\x80\x99s 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 \xe2\x80\x93 Financial Risk Manager

• Contribute to the identification and assessment of the financial risks faced by Lloyd\xe2\x80\x99s, 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\xe2\x80\x99s 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\xe2\x80\x99s to ensure a risk-based approach to Lloyd\xe2\x80\x99s supervision is adopted and applied in line with Lloyd\xe2\x80\x99s 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\xe2\x80\x99s Internal Model by leading the validation of the Lloyd\xe2\x80\x99s 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\xe2\x80\x99s 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 \xe2\x80\x98Heads of\xe2\x80\x99 roles where appropriate within Market Reserving & Capital, Lloyd\xe2\x80\x99s 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 \xe2\x80\x93 Financial Risk Manager

• Expert knowledge of Risk management

• Financial markets and the role of different asset classes and derivatives in insurers\xe2\x80\x99 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\xe2\x80\x99s 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 \xe2\x80\xa2Experience 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

Join us at Lloyd\'s and be part of our journey towards innovative (re)insurance technology. Apply now and let\'s shape the future together! #LI-GB1

Diversity and inclusion are a focus for us \xe2\x80\x93 Lloyd\xe2\x80\x99s 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.

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.

NO AGENCIES PLEASE

JOB REF: AWDO-P11188

This job is being advertised by AWD online on behalf of Lloyd\xe2\x80\x99s

Manager Financial Risk (Capital & Assets) | Financial Risk Manager | Risk Management Jobs | Risk Modelling | Capital Modelling | Insurance | Reinsurance | Risk Management Tools | Solvency II

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