Senior Risk Analyst – Enterprise Risk Management (ERM) 12-Month Fixed-Term Contract Role Purpose The Senior Risk Analyst will play a key role in supporting the delivery, maintenance and continuous enhancement of the Enterprise Risk Management (ERM) Framework. Reporting to the Head of Risk, the role will help ensure the syndicate's risk management framework remains effective, proportionate and aligned with Lloyd's, PRA and FCA regulatory requirements, while supporting informed business decision-making. Working closely with stakeholders across the business, the successful candidate will coordinate key ERM activities, provide independent second-line challenge, produce high-quality risk reporting for senior management and Board committees, and contribute to embedding a strong risk culture across the organisation. This role is well suited to an experienced ERM professional with Lloyd's and London Market experience who is looking to broaden their exposure across the full enterprise risk framework. Key Responsibilities Enterprise Risk Management Support the operation and continuous improvement of the Enterprise Risk Management Framework. Coordinate the quarterly enterprise risk management cycle, including risk identification, assessment, monitoring and reporting. Maintain the enterprise risk register, ensuring risks are appropriately assessed, documented and aligned to the approved risk taxonomy. Review and challenge risk and control assessments completed by the first line of defence. Monitor emerging risks and facilitate horizon scanning activities. Support the ongoing review of the Risk Appetite Framework, including monitoring Key Risk Indicators (KRIs), tolerances and appetite metrics. Facilitate risk workshops and provide guidance to business stakeholders on risk management best practice. Support initiatives to strengthen and embed a positive risk culture across the organisation. Risk Reporting Prepare timely, accurate and insightful risk reports for Executive Committee, Risk Committee and the Board. Analyse risk trends, incidents, KRIs and emerging risks, highlighting key themes and areas requiring management attention. Monitor risk mitigation actions and report on progress, escalating overdue or high-priority actions where appropriate. Support the preparation of the annual Risk Management Report and other internal and regulatory reporting. Governance Support the governance framework through the preparation of committee papers, reporting packs and meeting materials. Maintain and periodically review risk policies, standards and supporting documentation. Track actions arising from Risk Committees, Internal Audit reviews and regulatory findings to completion. Support the annual review of the ERM Framework and associated policies and procedures. Regulatory and Risk Framework Support Support compliance with applicable regulatory requirements, including Lloyd's Minimum Standards, PRA, FCA and Solvency UK requirements. Assist with responses to regulatory requests, internal audits and external assurance reviews. Monitor regulatory developments and emerging industry guidance, assessing their impact on the risk framework. Support the ongoing enhancement of ERM policies, methodologies and reporting processes. Stakeholder Management Build and maintain effective working relationships with Underwriting, Claims, Finance, Actuarial, Compliance, Operations, Technology and other business functions. Provide pragmatic advice and constructive second-line challenge to support effective risk management and informed decision-making. Promote awareness and understanding of enterprise risk management responsibilities across the business. Skills
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