Senior Associate for Market Governance and Risk Management

3 weeks ago


London, Greater London, United Kingdom Lloyd's Full time

Lloyd's stands as the premier marketplace for insurance and reinsurance globally. We harness the collective intelligence and risk-sharing expertise of the industry's most talented professionals, collaborating to create a more courageous world.

Our mission is to foster bravery, ensuring that the advancements of tomorrow are not hindered by the risks of today.

Our core values include: we are courageous; we thrive together; we uphold integrity; these principles guide our actions and decisions. If you resonate with our values and share our commitment to cultivating a future that is more sustainable, resilient, and inclusive, you will find a welcoming environment at Lloyd's – join us in building a braver future.

Lloyd's is on the lookout for a Senior Associate for Market Governance and Risk Management. In this role, you will provide essential support to the Senior Manager of Market Governance, Risk, and Resilience, as well as the Head of Market Governance, by conducting in-depth analyses of various submissions and documents from the market to evaluate the maturity level and the extent to which managing agents adhere to best practices and meet the expectations of Principles Based Oversight.

Key Responsibilities
  1. Review and analyze a variety of managing agent documents, including ORSAs, Board Effectiveness Reviews, and Board Packs, to offer recommendations to the Senior Manager regarding the necessity for additional oversight activities.
  2. Manage the Governance Indicators Framework, which involves collaboration with internal teams, delivering reports to the Senior Manager on any changes and developments that may require the involvement of Account Managers or Oversight Teams, and preparing reports for the Market Oversight Group.
  3. Assist the Senior Manager and Head of Function in conducting oversight activities, including meetings with Board Directors and Senior Executives of managing agents to discuss Risk Management and Governance.
  4. Oversee the change of control process for managing agents, which includes reviewing applications and summarizing transactions for senior stakeholders.
Required Skills, Knowledge, and Experience
  1. Proven experience in governance and risk management.
  2. Extensive experience in managing activities, priorities, and personnel at a senior level.
  3. Expertise in advising on risk management, performance, and regulatory matters.
  4. Experience in engaging with regulators and presenting relevant information.
  5. Understanding of regulatory expectations concerning governance and risk management.
  6. Knowledge of the elements that contribute to robust governance, effective Boards, successful strategy execution, and common pitfalls to avoid.
  7. Familiarity with business process and systems change methodologies and best practices.
  8. Ability to build and maintain professional relationships with key decision-makers, ensuring timely, transparent, and well-articulated communication of decisions.
  9. Capability to influence and negotiate effectively, collaborating and building consensus as needed.
  10. Demonstrated empathy and insight-gathering skills that enhance the Corporation's understanding of issues and opportunities.

Diversity and inclusion are central to our mission – Lloyd's is dedicated to creating a diverse and inclusive environment that mirrors the global markets we serve. We are committed to treating everyone with dignity and respect, enabling them to reach their full potential. This commitment translates into positive and inclusive workplace adjustments, regular health and wellbeing initiatives, diversity and inclusion training, employee networks, mentoring, volunteering opportunities, and investment in your professional growth.

We recognize the importance of work/life balance and offer a hybrid working model that provides flexibility. Our flexible working arrangements are part of a comprehensive rewards package that includes numerous benefits beyond the standard offerings (generous pension, healthcare, wellbeing, etc.). These benefits encompass financial support for training, education, and development, a benefit allowance for flexible perks (such as gym memberships, dental insurance, additional holidays, or participation in our cycle-to-work scheme), an employee recognition program, and various employee discount opportunities.

By choosing Lloyd's, you will join a team that unites the brightest minds in the industry. Together with our underwriters and brokers, we develop innovative and responsive solutions that enable us to share risk and address complex challenges.



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