Job Description

RiverStone International is an established global non-life run-off insurance business specialist with more than 25 years of experience. Operating in the UK company and Lloyd's of London markets, Bermuda, U.S., and Europe, RiverStone International has transacted a wide variety of deals - from insurance and reinsurance portfolio transfers to company purchases, acquiring over $17.7 billion of gross liabilities since 2010 and with around $6.4 billion of liabilities currently under management.

We are seeking a proactive and detail-oriented Senior Risk Associate on a fixed term contract for 15 months to support the UK Risk team in maintaining and enhancing an effective Risk Management Framework across all UK entities. The role ensures compliance with regulatory requirements, continuous improvement of processes and delivery of high-quality reporting to senior stakeholders.

Job requirements

Experience

Relevant Risk Management Experience Relevant experience working in a regulated entity Insurance / legacy insurance experience would be ideal but not required Some quantitative risk management experience would be ideal but not essential

Knowledge

Familiar with Lloyd's rules and principles Knowledge of PRA/FCA regulations applicable to our business Good knowledge of Governance and risk management theory

Skills

Clear, concise and accurate work Ability to work under own direction to agreed plan Self-motivated with the ability to multi-task deliverables Eager to learn Good administrative and IT skills Team player, good interpersonal skills Application of internal control principles and risk management

Job Responsibilities

Risk Management

To support the Risk team in ensuring an effective Risk Management Framework is in place at all times, across the UK entities, is operating as intended, and which complies with all regulatory requirements. To assist in applying ongoing enhancements to the Risk Management Framework, identifying and implementing process improvements.

Risk Committee / Board Reporting

Support the production of high quality risk reports to the Executive Committee (ExCo), UK Risk Committee and UK Boards through collation, assessment and reporting of risk information received from the business.

Thematic and Deep dive reviews

Support the performance of deep dives or thematic reviews across a particular risk area or topic and produce risk memorandums that are reported to senior stakeholders.

Risk Management Processes

Assist with the maintenance and enhancement of the risk and control registers and the Emerging Risks Framework. Actively contribute to the Risk Event (incident) process.

Risk and Control Self-Assessments (RCSAs)

Participate and assist in the co-ordination / facilitation of RCSA including Quarterly Risk Reviews (QRRs) across various business areas and ensuring key risks, controls, Key Risk Indicators (KRIs) and risk events are effectively evaluated, challenged and documented in the Governance, Risk and Compliance (GRC) software.

Own Risk and Solvency Assessments

To support the Risk team in the production of annual and ad-hoc ORSAs as required.

Job benefits

We believe in taking care of our team and helping our employees thrive both professionally and personally.
Our benefits include:

Private Medical and Dental cover - Comprehensive Private Medical and Dental Insurance schemes with Bupa Health and Wellness -including access to our Employee Assistance Programme, Headspace subscription, Mental Health First aiders at each site, up to five funded counselling sessions per year, annual health check-up and eye test voucher Wellbeing Allowance - Can be used towards either physical or mental health wellbeing activities 25 days' holiday per year - plus bank holidays and office closure on Christmas Eve. Holiday entitlement increases with length of service Bonus scheme - dependent on achieving individual, department and company goals Pension - a non-contributory defined contribution pension scheme Life Assurance - provides a lump sum 10 x your salary Permanent Health Insurance Scheme - scheme pays benefits during a prolonged period of illness or disability lasting more than 26 weeks Parental Leave - Enhanced Maternity, Paternity and Shared Parental Leave policy Training and development - Company funding for professional qualifications that would be beneficial for your role Volunteering and charity - triple matching donations made independently or via our Give As You Earn scheme, and two paid volunteering days per year to help give back to our local communities Cycle To Work Scheme - a tax efficient way to purchase a bicycle Interest Free Travel Loan - to assist with commuting costs Travel Insurance - business and personal travel Sports and Social - active sports and social committee that organizes subsidised events
Our standard working hours are from 09.30 a.m. to 5.30 p.m. Full time employees are to be in the office for 3 days per week, with 2 days working from home.

Job Types: Full-time, Fixed term contract
Contract length: 15 months

Pay: Up to 70,000.00 per year

Work Location: In person