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Operational Risk Associate
Lloyd's is the world's leading insurance and reinsurance marketplace. We share the collective intelligence and risk sharing expertise of the market's brightest minds, working together for a braver world.
Our role is to inspire courage, so tomorrow's progress isn't limited by today's risks.
Our shared values: we are brave; we are stronger together; we do the right thing; guide what we do and how we act. If you share our values and our passion to build a future that's more sustainable, resilient and inclusive, you'll find a home at Lloyd's - build a braver future with us.
Lloyd's Europe (also known as Lloyd's Insurance Company) is currently seeking to recruit a Operational Risk Associate. You will execute LIC's second-line risk management framework, responsible for ensuring LIC (including its branch offices in EEA countries) operates according to its risk management systems and in line with risk appetite by monitoring risk exposures and by assessing adherence to LIC's policies.
Principal Accountabilities
Support the development, delivery and implementation of the Company's risk management framework to monitor and measure risks of the Company, and to ensure risk appetite and policies are appropriate.
Support Business stakeholders in assessing their risks and risk incidents to ensure they are managed in a prompt and appropriate manner in line with risk appetite levels and use experience and expertise to challenge business.
Support Business stakeholders in ensuring Company policies/processes have been appropriately implemented in the EEA countries where LIC does business.
Be responsible for risk oversight of your specific risk domains, leading associated risk monitoring activities.
Support the compilation, assessment and reporting of risk information to the CRO, identifying significant risk management issues.
Contribute to the composition of the annual risk plan.
Support the embedding of the risk management system throughout the organisation and promote good risk culture through training, communication and promotion of good practices.
Respond with agility to ad hoc requests from the Chief Risk Officer or Operational Risk Manager, including supporting other members of the team.
Skills Knowledge and Experience
Experience in designing, analysing and presenting information to all levels of the company.
Working in the Financial Services regulatory environment in a role that involved ensuring compliance with Belgian or EU regulatory requirements relevant to the role, is preferable.
Has well developed management and organisational skills, able to work with teams across multiple business areas.
Professional experience in Risk Management or Audit; experience in managing risks within an operational business unit can be considered as alternative.
Experience in interaction and challenge of senior stakeholders is an asset.
Knowledge of non-financial/operational risk management, including knowledge of Enterprise Risk Management (ERM) framework, and internal controls framework.
Understanding of risks related to operational resilience, information security, third party management and change management is a significant advantage.
Knowledge of corporate governance principles and structures.
Knowledge of insurance business and its key processes is an asset, together with general understanding of key risks and exposures of financial services industry.
Fluency in both written and spoken English required. Any other European language is considered as an asset.
Ability to work as part of a team, making effective contributions to team meetings and initiatives and be able to take proactive and independent ownership of tasks and projects.
Diversity and inclusion are a focus for us - Lloyd's aim is to build a diverse, inclusive environment that reflects the global markets we work in. One where everyone is treated with dignity and respect to achieve their full potential. In practice, this means we are positive and inclusive about making workplace adjustments,we offer regular health and wellbeing programmes, diversity and inclusion training, employee networks, mentoring and volunteering opportunities as well as investment into your professional development. You can read more about diversity and inclusion on our website.
By choosing Lloyd's, you'll be part of a team that brings together the best minds in the industry, and together with our underwriters and brokers, we create innovative, responsive solutions allowing us to share risk and solve complex problems.
Should you require any additional support with your application, or any adjustments, please click the following link;
Please note, clicking on this link does not register your application for the vacancy
