Trainee Risk Analyst - Insurance

Wise May are looking for a Trainee Risk Analyst to join A growing Lloyd’s Syndicate to grow and support this growing team. This is a great opportunity for someone interested in risk management within the (re)insurance industry, we would recommend considering if you are looking for a challenging and rewarding career opportunity. The opportunity to work closely with all areas of the group to manage and report upon the entirety of the risk profile is a valuable experience for any aspiring risk manager. This will enable the successful candidate to develop a deep knowledge and understanding of the entire business and to apply this knowledge in order to help manage risk more effectively. The role includes study support via apprenticeship training towards CII qualifications. This will enable the successful candidate to gain the knowledge and skills needed to succeed in the role, as well as to progress their career in the future. Duties include:
Assisting with the quarterly control and indicator (risk appetite and key risk indicator) review process

Assisting with the management of the risk and control register including reviewing sources of risk, risk response strategies and the effectiveness of the controls used to mitigate the risk(s) to the business

Assisting with market initiatives and group policy for Sustainability/ESG and assessing the financial impacts from climate change

Assisting with the management of the risk event reporting register and maintaining the risk event register including recording new events (and near-misses), assessing potential impacts to the business and following up on actions assigned to the event

Assisting with the management the risk radar process and maintaining the risk radar register, assisting with the assessment of potential impacts to the risk profile and following up on actions assigned to the register entry

Assisting with the management reporting of the status of the risk action register

Preparing data for and assisting with the drafting of reports for entity Boards, Risk Management Working Group, Risk Committee, Audit Committee, Reinsurance and Broker Security and Underwriting Committee(s) as required

Assisting with reviewing and updating key documentation and policy reviews

Assisting with the continued development of the internal risk management system and enhancing the reporting and analytical capabilities

Assisting with the delivery of risk management training across the group including new joiner risk inductions.