Risk Officer

Job Type:

Build a brilliant future with Hiscox
 

Risk Officer

Reporting to the London Market, Re and ILS CRO

London or York based with Hybrid working

The role

We’re looking for a tenacious, curious and commercially minded risk professional to join Hiscox’s London Market and Re & ILS (‘Big Ticket’) Risk and Compliance team.  

Reporting to the Hiscox Syndicates Limited Chief Risk Officer, this role offers an exciting opportunity to manage risk for Hiscox’s London Market and Reinsurance businesses. This includes business written through Hiscox’s Lloyd’s syndicate, Bermuda based Reinsurance entity and Guernsey based commercial insurer.

Critical to success will be developing meaningful, collaborative business relationships to influence, challenge and verify risk decision-making in order to proactively manage risk. The role offers the opportunity for close engagement with the wider Group Risk and Compliance function.

The team

The ‘Big Ticket’ Risk and Compliance team combines Risk and Compliance professionals who partner Hiscox Big Ticket businesses by delivering advice, insights and effective challenge in pursuit of their strategic ambitions and elevating and embedding Risk and Compliance maturity.

What you’ll be doing as Risk Officer:

Risk Partnering

• Develop an understanding of Hiscox’s businesses and commercial landscape; staying abreast of risk trends and regulatory requirements to provide second line engagement and challenge.
• Lead second line risk reviews providing quantitative and qualitative insights and risk management recommendations.

Risk reporting and governance

• Support the Own Risk and Solvency Assessment (ORSA) process for Hiscox entities.
• Support the Risk & Control Self Assessments (RCSA) process and enhancements to the control landscape.
• Support the preparation of Board/Risk Committee packs and key deliverables to regulators.

Risk Culture

• Foster a strong risk culture and hold first line owners to account for addressing key risk and control issues.

What we are looking for:

Experience

• Proven experience of Enterprise Risk Management. As a guide only, 3-6 years experience. Those with more, or less experience, but the right level of knowledge will naturally be considered.

• Strong preference for Insurance experience but would consider Financial Services.

• Strong quantitative and analytical skills  experienced preferably in risk management or a related field (e.g. actuarial)

• Familiarity with insurance regulatory regimes (e.g. Solvency II).
• Preference for experience of General Insurance company operations including business model, profitability drivers, underwriting, business processes and risk management practices.
• Strong understanding of control environments and ability to assess and challenge risk and control assessments.

Other Skills

• Ability to multi-task, prioritise work, meet deadlines and achieve goals.
• Critical thinking to be able to assimilate information, quickly diagnose an issue, consider options and approaches and implement robust and commercial solutions.
• A desire to challenge the status quo and look for opportunities to drive efficiency leveraging AI.
• Ability to navigate ambiguity, controversy or a lack of familiarity to drive forward solutions.
• A great communicator with the ability to combine persuasion and negotiation skills with leadership and influencing qualities to encourage stakeholders to positively respond to questions, inquiries and requests.
• Demonstrates a clear and continuous desire to for self- improvement and asks questions of others to gain new knowledge.

About Hiscox

As an international specialist insurer we are far removed from the world of mass market insurance products. Instead we are selective and focus on our key areas of expertise and strength - all of which is underpinned by a culture that encourages us to challenge convention and always look for a better way of doing things.

We insure the unique and the interesting. And we search for the same when it comes to talented people. Hiscox is full of smart, reliable human beings that look out for customers and each other. We believe in doing the right thing, making good and rebuilding when things go wrong. Everyone is encouraged to think creatively, challenge the status quo and look for solutions.

Scratch beneath the surface and you will find a business that is solid, but slightly contrary. We like to do things differently and constantly seek to evolve. We might have been around for a long time (our roots go back to 1901), but we are young in many ways, ambitious and going places.

Some people might say insurance is dull, but life at Hiscox is anything but. If that sounds good to you, get in touch.

Diversity and Hybrid working

At Hiscox we care about our people. We hire the best people for the job and we’re committed to diversity and creating a truly inclusive culture, which we believe drives success.

We have also learned over the past few years that working life doesn’t always have to be in the office, and now it is safe to do so we have introduced hybrid working to encourage a healthy work life balance.

This hybrid working model is set by the team rather than the business to enable you to manage your own personal work-life balance. We see it as the best of both worlds; structure and sociability on one hand, and independence and flexibility on the other.

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Work with amazing people and be part of a unique culture