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Financial Risk - Capital and Assets

  • Location: United Kingdom
  • Salary: 110000 per year
  • Job Type:Permanent

Posted 3 months ago

  • Sector: Actuarial
  • Contact: Adam Jones
  • Contact Email:
  • Contact Phone: 0161 883 2756
  • Expiry Date: 18 October 2023
  • Job Ref: AJ/10513

All roles within Lloyd's have an integral part to play in the achievement of the Strategy and Vision 2025:

Lloyd's becoming a brand that is globally admired and recognised and respected for its reputation as the world's specialist centre for (re)insurance.  Lloyd's will be known around the world for its integrity and will be a place where talented, diverse and socially responsible employees feel proud to work.  This leadership role will practice and promote the principles of inclusive leadership and respect the value of diversity.


The Risk Management team is critical to Lloyd's achieving its long term aims by ensuring risks to the strategy are effectively identified, assessed and managed within risk appetites set by Lloyd's Council.

The role is responsible for ensuring the effective management of the financial risks faced by

Lloyd's, with a focus on those impacting the capital or assets of both the Corporation and the wider Lloyd's market


      Contribute to the identification and assessment of the financial risks faced by Lloyd's, 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


Provide risk input into key Lloyd's 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's to ensure a risk-based approach to Lloyd's supervision is adopted and applied in line with Lloyd's 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's Internal Model by leading the validation of the Lloyd's 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's 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 'Heads of' roles where appropriate within Market Reserving & Capital, Lloyd's 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

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.

The role holder is also 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; and

deliver responsibilities in line with all relevant risk appetites, policies, reporting and when applicable, membership on or input to Lloyd's risk committees.

To build and maintain good relationships with all relevant Corporation departments, including 'Heads of' functions where appropriate.