Risk Manager

Description:

The Risk Manager will support the Head of Risk in embedding, maintaining and continuously enhancing the Risk Management Framework across AEGIS London. This role is critical in the identification, assessment and reporting of key risks, ensuring regulatory compliance and alignment with Lloyd’s and broader regulatory expectations. The Risk Manager will provide clear, commercial and forward-looking risk oversight to support AEGIS London’s strategic objectives. This role sits with the second line of defence Risk Management function. This is great opportunity for someone with demonstrable experience in the field/sector to further advance their career within a high performing syndicate and growing team.

Duties And Accountabilities

Risk Management Framework:- Support the Head of Risk in maintaining and enhancing the Risk Management Framework, including promoting risk awareness, delivering training and supporting risk ownership across the business.

Risk Management Reporting: Support the preparation, coordination and delivery of high-quality reporting and documentation for internal and external stakeholders, including committees and working groups.

Risk and Control Registers: Ensure that the risks register and associated control documentation remain current, accurate and aligned with the business risk profile, including new and emerging risks; and other stakeholder requirements.

RCSA Process: Facilitate a robust Risk and Control Self-Assessment (RCSA) process across business functions, ensuring risks and key controls are appropriately assessed, documented and tested.

Risk Event Management: Lead the risk event reporting process with the business and work closely with the business to ensure incidents are captured, assessed and monitored.

Risk policies: Support the Head of Risk in maintaining and updating risk policies and procedures.

Risk Appetite and Key Risk Indicators: Support the development, communication, monitoring and ongoing refinement of risk appetite limits, tolerances, and key risk and control indicators.

Emerging Risks and Opportunities: Contribute to the emerging risk identification process, ensuring outputs are integrated into the wider Risk Management Framework (This will include leading deep dive assessments).

Operational Risk Scenario Analysis: Embed and manage the operational risk scenario assessment process, ensuring effective stress testing and scenario analysis to support the internal model.

Stress and Scenario Testing: Support the on-going design, review, reporting of stress and scenario testing across the business.

Own Risk and Solvency Assessment (ORSA): Manage the on-going development and execution of ORSA processes and procedures, ensuring timely and high quality reporting that meets stakeholder expectations.

Internal Model, Validation and Assurance: Support governance of the internal model, ensuring that validation activities are designed, planned and executed in line with Lloyd’s standards and regulatory expectations. Ensure that model changes are managed and validated appropriately.
 

• Conduct aspects of technical validation testing and reporting on validation and assurance of internal and external models used for risk, capital and solvency assessment, ensuring their ongoing appropriateness.
• Complete non-technical validation testing, including the follow up and closure of actions and recommendations from internal and independent validation exercises.