Asta Vacancies

Vacancy: Head of Risk

Date: 14th May 2019

Job Profile

Main purpose of job

To support the CRO in all aspects of risk management and to ensure that Asta and managed syndicates have an appropriate and robust risk management framework.

Responsible for the development and training of other members of the risk team.

Key tasks

  1. Deliver to deadline monthly/quarterly Management Accounts for appropriate Asta companies, subsidiaries and associates, including journals and balance sheet control accounts.
  2. In conjunction with the CRO, maintain, implement and monitor enterprise-wide risk management systems and processes within the Asta Group of companies, its managed syndicates and MGAs. This includes maintaining appropriate and proportionate risk related tools, policies and procedures used to identify, assess, manage, monitor and report risks.
  3. Maintain and enhance the risk framework to ensure Asta’s on-going compliance with regulatory requirements and market best practice. This includes ensuring risk management adds value to the business and considers strategic opportunities as well as providing risk analyses.
  4. Conduct deep dives and investigative risk analyses where required and produce high quality risk assessments to assist the business in decision making.
  5. Produce and present regular and ad-hoc reports for various boards and committees, including Syndicate Boards and the Asta Risk and Solvency Committee.
  6. Provide input to Internal Model and regulatory requirements, including validation, emerging risk analysis, stress and scenario testing, reverse stress testing, the ORSA process and the ORSA report.
  7. Own and maintain the risk documentation framework, ensuring all policies and procedures are kept up to date and in line with relevant regulatory requirements.
  8. Support the CRO in leading and managing the Risk Management team to ensure that it is adequately resourced and that staff members are given the support and development opportunities they require.

Key personal skills required

  1. Excellent communication skills, both oral and written. Ability to communicate complex regulatory issues and their implications succinctly for colleagues.
  2. Self-assured with the confidence to participate and contribute to discussions with syndicates and senior management.
  3. Able to develop and maintain effective working relationships.
  4. Self-motivated, proactive and decisive.
  5. Close attention to detail with the ability to complete projects and keep to deadlines.
  6. Proven ability to lead and develop a team.

Key technical skills, knowledge and professional qualifications required

  1. Risk management or similar professional qualification. Up to date with current risk management methodologies, including a good understanding of performance measurement (KRIs / KPIs), risk appetite frameworks and general risk management processes.
  2. Experience in a risk management role, ideally in the Lloyd’s market. Should have enough knowledge of all functions and activities of a Lloyd's Managing Agency to effectively identify and manage corporate risks.
  3. Up to date with regulatory, legal and compliance developments including:
    • Knowledge of regulatory framework and in particular Solvency II
    • Knowledge of Lloyd’s minimum standards
    • Knowledge of the PRA and FCA regulatory framework.
  4. Good commercial awareness with a proven record of acting as an adviser on a range of corporate/commercial issues contributing to the financial success of businesses.
  5. Highly PC literate, ideally with working knowledge of Magique or similar risk management software

To apply for this position please email Ann Bearwish, HR Director,

The deadline for applications is 20th May 2019.

Strictly no agency calls or emails please

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