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
- 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
- PRA regulatory framework
- Solvency II principles, EU directives in relation to Solvency II and capital adequacy
- IRM Risk management principles and practice
- 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
- MS Office – Excel, Word, PowerPoint and Outlook
Accepted degree subjects
£19,000 per annum
City of London
How to apply
Closing date: Continuous recruitment
This job listing will no longer be available on Prospects from 17/05/2018