Risk Placement (Sandwich Year)
work experience

Risk Placement (Sandwich Year)

Employer
Starr Underwriting Agents Limited
Salary
£19,000 per annum
Location
City of London
Time left to apply
24 days to apply on Prospects

Job description

Support the Chief Risk Officer and ERM Actuary, primarily in risk management and implementing the wider Starr Solvency II program.

Risk Management and Solvency II

  • Supporting the risk management capabilities for the Lloyd’s syndicate, our entity SIEL and the UK branch of SIRL (Starr Insurance and Reinsurance Ltd).
  • Involves support in maintenance of the risk register, risk scoring exercises, documenting control register updates and maintenance and further development of the Key Control Indicator (KCI) dashboard to monitor risk.
  • Assist in maintaining adequate levels of documentation in relation to model governance.
  • Assist in maintaining adequate levels of documentation in relation to the internal model and risk management, in-line with Solvency II requirements.
  • Support the production of the quarterly Own Risk Self-Assessment (ORSA) dashboard and annual ORSA reports for each entity.
  • Assist and provide validation support during the annual review of the syndicate capital model

Regulatory and Compliance

  • Report any suspicion of financial crime to the Money Laundering Reporting Officer immediately
  • Operate within the company’s standards for treating customers fairly
  • Manage any potential conflicts of interest to avoid disrepute to the company’s integrity
  • Advise compliance of any complaints immediately

Performance measures

  • Assist in the delivery of Solvency II deadlines to Lloyd’s and the PRA
  • Assist in the delivery of relevant submissions, documentation and risk management reports
  • Accuracy of data - results of the risk process including Key Risk Indicators (KRIs), KCIs
  • Timely and accurate completion of tasks 
  • Feedback from internal and external stakeholders on delivery and knowledge of their specific business needs
  • Commitment to furthering technical knowledge and understanding
  • Complete, timely and effective Workday self-assessment records

Person requirements

Technical Knowledge

  • PRA regulatory framework
  • Solvency II principles, EU directives in relation to Solvency II and capital adequacy
  • IRM Risk management principles and practice

Business Skills

  • Analytical and problem solving skills
  • Negotiation, judgment and decision making ability
  • Advanced numeracy
  • Professional business writing and presentation skills

Systems and IT:

  • Modelling software knowledge useful but not required

Compliance policies and procedures

  • Anti-Money Laundering
  • Insider Trading
  • Treating Customers Fairly
  • Conflicts of Interest
  • Code of Ethics
  • Risk Management

Systems

  • MS Office – Excel, Word, PowerPoint and Outlook

Accepted degree subjects

Any

Salary

£19,000 per annum

Location

City of London

How to apply

Closing date: Continuous recruitment

This job listing will no longer be available on Prospects from 17/05/2018

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