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MS Amlin
,
London, Greater London
Risk Analyst
Overview
Job Description
The role provides support to the MS AUL Head of Risk and MS AUL Chief Risk Officer ("CRO") for the soundness of the Risk Management Framework ("RMF") and the analysis, monitoring and reporting processes supporting the framework. The responsibilities extend across all categories and dimensions of risk. The role holder will help establish a clear view of the changing nature of risks MS AUL faces and will work with the AUL risk team, Chief Executive and the Executive team to manage risk profile within the acceptable appetites and tolerances set down by the Board. The role holder requires the individual to work collaboratively with the relevant specialists within the MS Amlin Business Services ("ABS") risk team. The role holder will also be required to maintain relationships with other functions across both MS AUL and ABS. The role will be expected to maximise the benefits of the risk framework. Risk Management * Supporting the delivery of the MS AUL Risk Function plan and wider Risk Mandate; * Support the ongoing development of the Risk Management Framework to assist MS AUL in managing and mitigating risks effectively whilst ensuring consistency across the MS Amlin Group; * Support the periodic review of the Risk policies and procedures; * Monitor MS AUL's risk appetites, tolerances and Key performance Indicators (KPIs) reporting these to the MS AUL Risk & Solvency Committee and Board; * Schedule and participate in the risk discussion meetings with the business; * Collect, analyse and report on risk and control information to ensure the business is appropriately managing risks, remediation of ineffective controls is being carried out and actions are defined and appropriate; * Keeping up to date with emerging risks and industry trends and the potential impact on MS AUL and the wider Lloyd's market; * Provide risk management support and challenge to a portfolio of change programmes; * Conduct Risk 'deep-dive' reviews over a schedule of business areas on a cyclical basis; * Ensure risk events are captured and documented within the risk and control system (Xactium), and where actions are agreed these are recorded and progress is reported against on an ongoing basis to management. ORSA * To work with a range of risk, actuarial and finance professionals across MS AUL to bring together key data, metrics and dashboards to ensure the efficient and timely production of an ORSA report; * To review and monitor the effectiveness of the ORSA reporting process and bring forward enhancements to drive improvement in the reporting process; * To provide practical advice and coaching to risk, actuarial and finance professionals on the requirements of the ORSA process to ensure they are able to deliver their elements of the overall process. Management Information & Reporting * Support the CRO in preparation for the Risk & Solvency Committee * To produce consistent and high quality risk management reports for MS AUL, Service Company Boards and underwriting department management to meet a range of reporting and governance requirements; * To produce reports for management on the outcomes and validation status of operational risk modelling.