- London Jobs
- £80k - 90k per year
- Full Time
- Risk & Compliance
Ref:43137
Job Title: Digital Risk Specialist
Location : London
Job Title : Permanent, full-time
Salary : £90,000
Purpose of the Job
This role reports to Enterprise Risk Actuary. The Digital Risk Specialist will support the Enterprise Risk Management team in the maintenance and development of the Group’s enterprise risk management capabilities, including:
- Identifying, measuring and managing exposure to risk, and communicating this to management and the Board in line with the Risk Management Framework.
- Supporting the Internal Model validation, Own Risk & Solvency Assessment, and other relevant requirements under Solvency II.
- Providing analytics to support the development and execution of strategy, with a focus on risk and quantitative analysis.
Principal Accountabilities
- Support the annual review of the algorithm and reviews of data, systems, and processes.
- Assist with and undertake development of existing and new models using tools and techniques to quantify and evaluate risk across the business.
- Assist in the ongoing development and embedding of a fit for purpose enterprise-wide risk management (ERM) within the organisation in line with the requirements of the Risk Management Framework.
- Support delivery of the Own Risk and Solvency Assessment (ORSA) including risk appetite setting, annual ORSA report, business plan reviews, stress and scenario testing (including reverse stress testing) and analysis of emerging risks.
- Support the Internal Model validation process and production of validation reports.
- Calculate risk metrics and support the reporting of breaches to the Boards, Risk Committees and Executive management.
- Provide analytics to support the development and execution of strategy, with a focus on risk and quantitative analysis.
- Undertake various enterprise risk projects, such as reinsurance reviews.
- Assist in the delivery of reports to the Risk Committees, Executive Management, Boards and regulators as and when required and to a sufficient quality standard.
- Establish and maintain effective working relationships across the risk management team and across other business departments (e.g. actuarial, finance, underwriting).
- To undertake any ad hoc duties as necessary.
Education, Qualifications, Knowledge, Skills and Experience
- Strong background in risk advisory, data science or actuarial fields (or equivalent experience / qualification), with experience in a relevant role.
- Track record of success in an insurance or consultancy organisation, working on analytics and data science projects.
- Understanding of the risks posed to software and data driven organisations.
- High level of numeracy demonstrated via an appropriate professional qualification or degree.
- Proven ability to build relationships with the various stakeholders across the organisation and strong influencing and project management skills.
- Business awareness and a high level of commercial understanding.
- High quality written and verbal communication skills.
- Excellent digital skills in standard desktop tools (e.g., MS Excel) are required. Knowledge of SQL, Python or other similar language would be a major plus.
- Able to deliver to high standards in a timely, cost effective way.
If you have the relevant experience please do not hesitate to contact us now on 0203 411 8430 or email us at admin@lawesgroup.co.uk
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