×

Job Details

Junior Risk Analyst

London, Greater London, United Kingdom, Permanent

Posted: 18days ago

Description:

Lockton is the world's largest privately held independent insurance broker. Their focus is to provide their clients with the best in risk management, insurance and employee benefits consulting.

The entrepreneurial culture of the Lockton business is reflected in empowering their associates to act quickly, learn fast and provide the right solutions for their clients.

This is a new opportunity to join the Lockton Risk and Compliance division as a Junior Risk Analyst. The purpose of the role is assisting the UK business to implement the ERM policy and support the Risk and Control Committee and appropriate Boards to evidence oversight of, and compliance with, Lockton's ERM.

The role will cover a broad spectrum of activities in the business, therefore some existing experience working in insurance will be required, or alternatively, experience working in risk in a non-insurance business.

Key tasks and responsibilities will include:

Work with each Division to:

  • Set up and maintain their risk register through monthly & quarterly meetings, ensuring that it reflects the true state of risk;
  • Develop their risk registers to include risks that are specific to their units and project risk registers for any projects they undertake;
  • Provide MI to help Divisional leaders to evidence effective risk management in compliance with the ERM;
  • Review the controls associated with their risks and capture actions that will encourage an effective control environment;
  • Ensure adverse events and ineffective controls are captured and responded to appropriately;
  • Train the Divisional risk champion to use the Risk Manager system to its fullest potential.

Work with the Business and the International Risk Manager to:

  • Produce the management information required to build reports for committee and Board meetings;
  • Monitor the use of the system and risk registers to ensure they reflect the stated Divisional strategy;
  • Monitor key risk indicators and understand reasons for failure;
  • Ensure that actions are captured in the system accordingly and monitor and follow up on overdue actions;
  • Capture significant incidents and emerging risks and ascertain if new risks or controls need to be implemented across the business, or to specific units in response to an emerging risk, or significant incident.
  • Upload internal audit recommendations;
  • Upload appropriate actions from relevant committee and Board meetings; and
  • Monitor and allocate any actions associated with a significant incident review.
  • Monitor risks in excess of appetite and identify actions required to reduce the risk to within appetite;
  • Capture significant incidents and emerging risks and ascertain if new risks or controls need to be implemented across the business, or to specific units in response to an emerging risk, or significant incident.
  • Upload internal audit recommendations;
  • Upload appropriate actions from relevant committee and Board meetings;
  • Monitor and allocate any actions associated with a significant incident review.

Competencies required in the role:

  • Experience of the insurance industry/London Market/insurance broking is preferred
  • Alternatively, experience working Risk, in a non-insurance business
  • Awareness of what Risk Management/ Compliance is and how it works within a firm
  • An insurance or risk management qualification would be advantageous
  • Being a self-starter and use own initiative
  • Able to analyse complex situations and identify appropriate actions in response
  • Good presentation and communication skills, able to influence peers and drive change
  • Able to work within a team
  • Ability to balance competing objectives, prioritise and ensure that deadlines are met.
  • Thorough working knowledge of Microsoft products (Word, Excel, Outlook).
  • Conscientious and self-motivated, with a good eye for detail.

Lockton attract the best professionals to come and work with them who are excited by their unique culture that values respect, ethical, moral and caring approach, in fact their associates are their greatest asset.

Job Details

1138425679
London, Greater London, United Kingdom
Permanent