Senior Risk Manager

Job Title:      Senior Risk Manager 

Division:       Risk and Compliance                     

Reports To:   As per Beazley’s organisation chart  

Key Relationships: Internally: Risk Management, Internal Audit, Compliance, Risk Owners, Control Reporters, Underwriters, Claims and managers of support functions.  Externally: Regulators. 

Job Summary:  The role will deliver a broad range of risk management activities on behalf of Beazley’s US and Bermuda entities, across both operational and insurance/financial risks. This will involve producing risk reports and analysis (including Beazley’s US and Bermuda ORSAs), providing review and challenge of first line processes, performing deep-dive reviews on specific risk areas, as well as supporting the risk team with delivering on the wider risk management framework. 

The role is most likely to suit an ERM professional with experience across either operational or insurance/financial risks (or both), who has significant experience in risk management, preferably within specialty insurance. 

Key Responsibilities 

• Provide challenge of the first line processes for Beazley’s US and Bermuda entities across both operational and insurance/financial risks, including regulatory, underwriting, actuarial, market, credit, claims, finance, procurement, and IT risks. 

• Produce risk reporting and opinions, including deep-dive reviews on key risks, hot topics and any risk incidents influencing Beazley’s risk profile, to support reporting to internal and external stakeholders. 

• Support the delivery of the Own Risk and Solvency Assessment for Beazley’s US and Bermuda entities. 

• Support with the development of the wider risk management framework. 

• Maintain strong stakeholder relationships with members of the first line, to help support Beazley’s risk management framework. 

• Collaborate closely with the Global risk team. 

General 

At Beazley we are committed to doing the right thing because it is the right thing to do.  It is important that within all your interactions both internally and externally you adhere to this principle through adoption of Beazley’s core values and behaviours. 

• Adopt the Beazley culture of professionalism, integrity, effectiveness and dynamic attitude that contributes to an internal environment of teamwork and promotes a positive brand image and experience to our external customers. 

• Comply with Beazley procedures, policies and regulations including the code of conduct. Undertake training on Beazley’s policies and procedures as delivered by your line manager, Culture and People or assurance teams (compliance, risk, internal audit) either directly, via e-learning or the learning management system. 

• Display business ethics that uphold the interests of all Beazley’s customers. 

• Ensure all interactions with customers are focused on delivering a fair outcome, including having the right products for their needs. 

• Comply with any specific responsibilities necessary for your role as outlined by your line manager, Culture and People or assurance teams (compliance, risk, internal audit) and ensure you keep up to date with developments in these areas.  This may include, amongst others, Beazley’s underwriting control standards, Beazley’s claims control standards, other Beazley standards and customer relationship management. 

• Carry out additional responsibilities as individually notified, either through your objectives or through the learning management system. 

Personal Specification: 

Education and Qualifications 

• University degree 

• Professional qualification advantageous 

Skills and Abilities 

• Methodical approach to problem solving, with a high attention to detail. 

• Ability to act pragmatically in the face of new challenges and exercise sound judgements based on overall business needs. 

• Excellent interpersonal, communication skills, and ability to tailor communication to both technical and non-technical audiences. 

• Ability to prepare comprehensive well written reports for internal and external stakeholders. 

• Proven project management and organisational skills with track record of delivering projects to strict deadlines. 

• Results oriented, with the energy and determination to succeed in a fast-paced environment 

• Advanced proficiency in using Microsoft Office. 

Knowledge and Experience  

• Experience working as an ERM professional across either operational or insurance/financial risks (or both) within specialty insurance. 

• Experience of providing challenge across any of the following areas would be an advantage: Operational risk within Finance, Insurance, IT, and wider Operations teams. 

• Experience in providing risk challenge to the first line and producing and presenting risk analysis to internal and external stakeholders. 

• Interest in gaining a deeper understanding of insurance and financial risk management in the Lloyd's / London Market. 

Aptitude and Disposition 

• Outcome focussed, self-motivated, agile and flexible 

• Technically innovative, a problem solver and solution builder 

• Professional approach to interact successfully with colleagues 

• Able to work with multi-cultural and multi-location teams 

• Ability to work closely in a team environment and develop productive working relationships 

• Willingness to learn and achievement drive 

Competencies  

• Information seeking 

• Problem solving 

• Technical expert 

• Time management 

• Influencing others 

• Quality focused 

• Initiative 

• Customer focused 

• Analytical thinking 

• Team working