Job Description
Risk and Governance Review Senior Associate page is loaded
Risk and Governance Review Senior Associate
Apply locations Lloyd's UK: London time type Full time posted on Posted 5 Days Ago job requisition id R3638Lloyd’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 Risk and Governance Review Senior Associate you will be required to support the Market Governance, Risk and Resilience Senior Manager and the Head of Markets Governance by undertaking expert analysis of a range of submissions and documents from the market to assess the level of maturity and the degree to which managing agents are undertaking good practice and are in line with the requirements of Principles Based Oversight .
Principal Accountabilities
The role holder will need to review and analyse a range of documents such as: ORSAs, Risk Management Audits, PRA Pre Periodic Supervisory Meeting Letters, Board Effectiveness Reviews and Board Packs in order to make recommendations to the Senior Manager on whether additional oversight activity is required.
Operation of the Governance Indicators Framework including engaging with internal teams to ensure information is up to date, providing reports to the Senior Manager on any changes and developments which may need to involve Account Managers or Oversight Teams.
Preparing reporting on the Governance Indicators Framework to internal governance meetings.
Providing support to the Senior Appointments process to analyse proposed appointments and participate in interviews.
Manage the change of control review and approval process including reviewing applications and providing summaries of transactions to senior stakeholders.
Providing support to the Senior Manager in additional oversight meetings with managing agents to discuss Risk Management and Governance
Skills Knowledge and Experience
Relevant governance and risk management experience
Significant experience managing activities, priorities and people up to a senior level.
Experience of relationship and stakeholder management experience at a senior management level.
Experience advising on risk management, performance and regulation.
Exposure to presenting to and/or communicating with regulators
The commercial drivers of profit and loss for insurance/reinsurance businesses
The factors that materially affect risk and may ultimately cause the failure of an insurance/reinsurance businesses
Regulatory expectations in regard to governance and risk management
The factors that drive strong governance, an effective Board, developing and executing a successful strategy and pitfalls to avoid
Knowledge of business process and systems change tools and best practice principles
Lead constructive conversations with senior stakeholders at Managing Agents, giving difficult messages when required
Build and maintain professional and productive relationships internally and externally with key decision-makers, ensuring decisions are made and communicated in a timely, transparent and well-articulated manner.
Influence and negotiate using an appropriate style for the situation, collaborate effectively and build consensus
Make strategic, commercial and customer focused decisions
Demonstrate empathy and gather insights that help to drive the Corporation’s understanding of and response to issues and opportunities.
Provide pragmatic, risk-based solutions, taking the needs of a variety of stakeholders into account
Apply understanding of Managing Agent strategic business drivers and internal working structure of Lloyd’s to deliver a good result for both parties.
Effectively operate within a matrix structure drawing together the services and activities of multiple functions
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