Derived from job-description analysis by Serendipath's career intelligence engine.
Original posting from Enstar Group
About you and the role:
The Risk Function operates under the Enstar ERM Framework, which identifies and assesses the key risks facing the business. The role is responsible for helping the framework in practice, ensuring accurate, timely and high-quality risk reporting to committees and boards, and supporting the EMAL Chief Risk Officer and wider EU Risk team in meeting regulatory responsibilities. We seek a motivated and ambitious person, eager to apply their knowledge and experience into practical application with visible results.
As the Risk team is an integral component of decision-making processes - from regulatory deliverables such as Own Risk & Solvency Assessments and internal model validation, to business-driven initiatives such as M&A transactions – we are looking to strengthen our team with someone who demonstrates a strong analytical thought process, combined with an aptitude for mathematical and statistical problem solving. The candidate will play a pivotal role in addressing the growing scope and depth of our work, providing essential support to our team as we adapt to an increasingly complex risk environment. This role offers significant opportunities for both formal and informal learning and growth.
The new hire's contribution will directly impact our effectiveness in managing risks and upholding our reputation for excellence in the industry.
What you will be doing:
Contribute to the Risk function across a broad scope of work by understanding, analysing (with the use of statistical modelling), synthesising and clearly communicating key risks to senior stakeholders across the business. The successful candidate will work as part of a collaborative team, work with minimal guidance across core responsibilities, contributing to major deliverables, and taking ownership of smaller projects end-to-end at a high standard. The following are key areas of responsibility:
Enterprise Risk Management
- Partner with Enstar’s regional risk teams to identify, assess and report on key risks.
- Draft and refine technical sections of board- and regulatory-facing materials (e.g. quarterly CRO updates, ORSAs), ensuring clarity, accuracy and consistency of messaging.
- Prepare and present risk insights to committees, boards and senior stakeholders, tailoring technical detail to the audience.
- Contribute technical risk expertise across a broad scope of work, applying in-depth knowledge in quantitative risk management and a sound working knowledge of related disciplines such as capital modelling, actuarial techniques and financial risk.
- Maintain and report on the risk appetite framework, ensuring appropriate information is presented to senior management.
- Ensure that risk management policies are in place, maintained and subject to regular review.
- Design and deliver stress and scenario testing across the business to inform regulatory submissions (e.g. ORSA, GSSA, CISSA) and independent risk reviews of strategic initiatives).
- Support entity CROs/KFHs with ensuring compliance with risk management regulatory requirements and other risk management matters.
New and pending transactions
- Contribute to the independent due diligence process for M&A and other transactions, with a focus on assessing financial risks and providing robust, evidence-based challenge.
- Analyse new and complex transaction types, using existing knowledge and established processes to identify key risks while bringing fresh perspectives to the traditional approaches and solutions.
Model risk management
- Contribute to the independent validation of financial models reviewed by the Risk function, including Internal Model Validation exercises (particularly those linked to capital returns for Enstar’s Lloyd’s Managing Agency).
- Perform financial and statistical analysis of insurance exposures, including sensitivity testing and interpretation of model outputs.
- Maintain, document and enhance technical models used within the Risk team, improving usability, controls and governance where appropriate.
Ad-hoc support to the business
- Lead or contribute to deep dive reviews into specific financial risk topics, emerging issues and one-off requests, proposing practical recommendations and improvements where appropriate.
- Act as a pragmatic second line advisor, offering timely second opinions and clear recommendations across a wide range of stakeholder queries.
- Take a continuous improvement approach, helping evolve processes, outputs and responsibilities over time in line with business needs and professional development.
- The responsibilities described above are not exhaustive. Enstar is committed to ensuring our people develop and harness the right skills consistent with their wan
Source: Enstar Group careers