Quantitative Risk Analyst; FTC)

The Senior Risk Analyst takes on key

Department:
Risk and Compliance

Location:

London UK

The Senior Risk Analyst takes on key quantitative elements of the risk management framework, ensuring strong risk management across multiple syndicates and clients within a Portfolio.

The Analyst is responsible for collecting and examining data to draw out trends, exceptions & risks and produce draft reporting. If successful, you will contribute to internal model validation and governance processes, ORSAs, stress testing frameworks and foster cross-functional collaboration.

• Risk management framework:
  Support the development and maintenance of quantitative elements of the framework.
• Risk & Risk Appetite:
  Support on the quarterly monitoring and development of Actuarial and Exposure Management related Risks and Risk Appetites.
• SBF Risk Assessments:
  Support in the production of the Risk Team’s review of Syndicate SBFs.
• ORSA:
  Support in the preparation of Syndicate ORSA documentation, including specific quantitative elements.
• Support in other tasks in regard to the Risk Framework as directed.

• Support the Senior Risk Analytics Manager on SCR Validation processes, including those required for Internal Model Approval Processes, Major Model Change submissions and summer LCR submissions.
• Work with internal Actuaries, external Validators and Exposure Management on Validation including in regard to action closure.
• Undertake Operational Risk Validation.
• Draft reports to the Internal Model Technical Group (IMTG), Internal Model Steering Committee (IMSC) and other forums as required.
• Support in the production of Validation Reports including drafting sections as directed.

• Support in the Risk Team’s ownership and oversight of Internal Model, Lloyd’s Standard Model and Partial Internal Model governance including in regard to IM Policy maintenance.
• Contribute to the effectiveness of IMSC & IMTG governance including ensuring agendas, minutes and actions are appropriate.
• Collaborate with the Central Capital team and (Senior) Syndicate Actuaries.
• Draft reports on Internal Model governance activities.

• Complete Stress and Scenario testing as directed by the Senior Risk Analytics Manager.
• Support the Senior Risk Analytics Manager on the delivery of the Stress and Scenario Framework.

• Maintain strong working relationships with Actuarial and Exposure Management Team colleagues alongside other relevant Teams at Asta, to support collaborative working on quantitative risk elements of client oversight, internal projects and risk management processes.

• Strong analytical and numerical capabilities with experience interpreting complex datasets and identifying trends, exposures & emerging risks
• Ability to support quantitative risk assessments, risk appetite monitoring, and risk reporting.
• Experience using statistical, actuarial, or risk modelling techniques would be advantageous.

• Experience supporting risk management frameworks within a Lloyd's, syndicate, insurer, MGA, or consulting environment.
• Understanding of insurance risk categories including underwriting, reserving, capital, operational, and exposure management risks.

• Experience supporting Internal Model, Partial Internal Model, or Standard Formula/Standard Model environments.
• Understanding of model governance, model validation, capital requirements, and regulatory expectations.
• Exposure to SCR validation, model change processes, or capital adequacy assessments is…