Job Description And Person Specification

Job Title: Risk Analyst

Division: Risk Management

Reports To: As per Beazley’s organisation chart

Key Relationships: Internally: Risk Management, Internal Audit, Compliance, Risk Owners, Control Reporters, Underwriters, Claims and managers of support functions. Externally: Regulators.

Job Summary: To facilitate the efficient operation of the risk management framework.

Key Responsibilities

Support in enhancing, implementing and embedding core components of the enterprise risk management framework.
Support the team in its core risk assurance processes, which will include activities such as leading the preparation of materials for the risk and control self-attestation.
Support the risk managers in providing challenge of Beazley’s first line processes around key risks to the business, including operational risk, group risk, strategic risk and legal and regulatory risk.
Play a key role in maintaining the risk management system and data to ensure it is complete and up to date.
Manage the ongoing development of the risk management system functionality and supporting processes.
Aid in maintaining Beazley’s risk management framework documentation, ensuring they are reviewed and updated regularly.
Help prepare risk management reports for appropriate committees.
Ensure close collaboration with other risk managers, sharing their workload as appropriate.
Participate in project work as required.
Build and maintain a network of internal and external contacts.
Keep abreast of market best practice and regulatory requirements.

Specific

Maintain Beazley’s risk management system data and ensure it is complete and up to date
Support the ongoing development of risk management system functionality and supporting processes. Act as the system point person for the business and interact with the vendor and IT department as required.
Manage Beazley’s risk and control self assessment (RCSA) and reporting cycle.
Maintain operational risk management reporting across different platforms (i.e. PowerBI, Excel)
Provide risk management focused technical and analytical support to the Risk team and wider business

General

It Is Important That Within All Your Interactions Both Internally And Externally You Adhere Beazley’s Core Values - Being Bold, Striving For Better, And Doing The Right Thing As They Contribute To An Internal Environment Of Teamwork And Promote a Positive Brand Image And Experience To Our External Customers. We Also Expect Beazley Employees To

Comply with Beazley procedures, policies and regulations, including the code of conduct.
Undertake training on Beazley policies and procedures as delivered by your line manager, the Culture & People or assurance teams (compliance, risk, internal audit) either directly, via e-learning or via the learning management system.
Display business ethics that uphold the interests of all our customers.
Ensure all interactions with customers are focused on delivering a fair outcome, including having the right products for their needs.
Comply with any specific responsibilities necessary for your role as outlined by your line manager, the Culture & People or assurance teams (compliance, risk, internal audit) and ensure you keep up to date with developments in these areas. This may include, amongst others, Beazley’s underwriting control standards, Beazley’s claims control standards, other Beazley standards and customer relationship management.
Carry out additional responsibilities as individually notified, either through your objectives or through the learning management system. These may include membership of any Beazley committees or working groups.

Personal Specification

Education and Qualifications

University degree advantageous
Professional qualification advantageous

Skills And Abilities

Self starter and problem solver
Able to work independently and as a team
Analytical skills and attention to detail
Workplace technology skills
Process and task minded
Enjoy process improvement
General commercial and financial knowledge
The ability to manage time, meet deadlines and prioritise

Knowledge and Experience

One to three years of experience in insurance and risk management advantageous.
Knowledge and experience of risk management framework and tools
Understanding of commercial drivers and dynamics affecting risk decisions in the insurance sector.
Understanding of the processes associated with an international insurance group, both from an operational and risk perspective.

Aptitude and Disposition

Outcome focussed, self-motivated, flexible and enthusiastic
Sees solutions not problems
Interested in understanding and helping others
Professional approach to successfully interact with senior management/colleagues/external suppliers
Diplomatic

Competencies

Information seeking
Self starter
Achievement orientation
Analytical thinking
Customer focus
Team working
Initiative
Using expertise
Integrity
Impact and influence

Beazley

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