Analyst, Operational Risk & Resilience

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 are recruiting for an Analyst, Operational Risk & Resilience as a member of the Risk Management team. The risk analyst will ensure operational and resilience risks  at  Lloyd’s  Corporation  are  identified,  assessed,  and  managed  within  the  risk  acceptance authorities.

• This  includes  working  closely  with  a  wide  range  of  business  functions  (primarily
• Operations areas) to support and challenge their management of operational risk (risks arising from
• people, processes, systems, and external events).  Reporting to the Manager of Operational Risk
• and Resilience.

Principal Accountabilities:

• To work with key Operations functions to ensure the operational risks arising in those functions
• are being adequately identified, assessed, and managed. To support functions in performing
• their risk management duties and to challenge the functions where appropriate to ensure risks
• are within appetite.

To support and ensure the effective use of a range of risk tools by the functions, including Risk and Control Self-Assessment, Risk Incident Reporting (losses, control failures, near misses). Risk appetite reporting, Emerging risks reporting . Stress and scenario testing (incl. the capital setting process) and Risk culture, awareness and engagement

• Support the team by monitoring and analysing KRIs and incidents, acting as a key contact for
• risk  queries,  contributing  to  discussions  and  research,  assisting  with  cyclical  reporting,  and
• coordinating meeting logistics including agendas and minutes.
• To  contribute  to  thematic  reviews  on  key  risk  topics,  testing  how  effectively  risks  are  being
• managed by functions. To make recommendations to improve the management of risks and to
• present findings to stakeholders in Risk and the functions.
• To support production of high quality regular and ad hoc reporting to the various Lloyd’s risk
• committees which enable the committees to effectively discharge their responsibilities.
• To build and maintain timely and effective risk management reports, including from risk systems
• (either in-house or vendor)
• To build and maintain good relationships with all relevant Corporation departments, including
• ‘Senior Associate/Managers of’ functions where appropriate.

Support  risk  oversight  across  operational  transformation,  corporate  policies,  resilience,  data
strategy, and technology—including AI—ensuring risk perspectives are embedded in decision-
making.

Skills Knowledge and Experience

Experience of working with or in a Risk Function or in a front-line operational role.

• Experience in managing risks in operational processes or applying risk management
• frameworks, tools, and processes.
• Knowledge of operational functions (particularly. IT, Operations, Resilience, Third party, Data and
• Cyber) to enable credible support and challenge to the risk management of those functions.

Ability to solve problems and develop solutions to business problems.

The  role  will  involve  a  large  amount  of engagement with stakeholders at various levels across the Corporation, including the production of analysis reports which must be clear, accurate and easily accessible to both technical experts and those with a more general understanding of risk management.

• Ability to productively challenge technical experts across Lloyd’s and be robust/resilient
• under scrutiny.

Analytical  skills  and  be  able  to  communicate  (in  both  written  and  verbal  forms)  and  engage  in debate  on  complex  topics.  Evidence  of  influencing  outcomes  with  senior  management  in  both formal (e.g. committee) and informal settings is critical.

Candidates should be used to working as part of a team, making effective contributions to team
meetings  and  team  initiatives  and  be  able  to  take  ownership  of  tasks  and  projects  whilst  often working remotely and without supervision

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