Lloyd’s is the world’s leading insurance and reinsurance marketplace. We share the collective intelligence and risk sharing expertise of the market’s brightest minds, working together for a braver world.
Our role is to inspire courage, so tomorrow’s progress isn’t limited by today’s risks.
Our shared values: we are brave; we are stronger together; we do the right thing; guide what we do and how we act. If you share our values and our passion to build a future that’s more sustainable, resilient and inclusive, you’ll find a home at Lloyd’s – build a braver future with us.
Senior Associate – Operational Risk (Advisory & Oversight)
Location: London
Department: Risk Management | Lloyd’s
About Lloyd’s
Lloyd’s is the world’s leading marketplace for insurance and reinsurance, known globally for its expertise, integrity, and innovation. Our Risk Management function plays a critical role in enabling the market to thrive by ensuring risks are effectively identified, assessed, and managed in line with our strategic objectives.
The Role
We are seeking a Senior Associate – Operational Risk to join our Advisory & Oversight team. This role supports the development and execution of Lloyd’s operational risk framework, partnering closely with business functions—particularly Finance—to ensure operational risks are effectively managed.
You will provide both support and constructive challenge to stakeholders, helping ensure risks arising from people, processes, systems, and external events are identified and managed within appetite.
Key Responsibilities
- Partner with business functions to ensure operational risks are clearly identified, assessed, and managed within risk appetite
- Support and challenge stakeholders on their risk management approach and practices
- Drive effective use of risk tools, including:
- Risk & Control Self-Assessments
- Incident and event reporting
- Risk appetite and emerging risk reporting
- Stress and scenario testing
- Lead or contribute to thematic risk reviews, providing independent assurance and actionable recommendations
- Deliver clear and insightful reporting to risk committees and senior stakeholders
- Build effective risk reporting outputs using data and risk systems
- Develop strong relationships across the organisation, including senior stakeholders
- Support ad hoc projects and risk-related initiatives as required
Skills & Experience
Core skills:
- Strong stakeholder management and communication skills
- Ability to challenge constructively and influence at senior levels
- Analytical mindset with the ability to interpret and communicate complex risk topics
- Strong organisational skills with the ability to manage multiple priorities
- Collaborative approach with the ability to work effectively in a team environment
- Project and change management capability
Knowledge & experience:
- Experience in operational risk management or applying risk frameworks, tools, and processes
- Understanding of operational business functions (particularly Finance)
- Knowledge of risk methodologies (e.g. risk assessment, incident management, Solvency II principles)
- Experience working with senior stakeholders and contributing to governance forums or committees
Qualifications
- Professional qualifications such as IRM or CII (desirable or working towards)
Why Join Lloyd’s
- Work at the heart of a globally recognised financial services organisation
- Gain exposure to senior stakeholders and key strategic risk matters
- Play a critical role in shaping and strengthening operational risk practices
- Be part of a collaborative, high-performing and purpose-driven organisation
Diversity and inclusion are a focus for us – Lloyd’s aim is to build a diverse, inclusive environment that reflects the global markets we work in. One where everyone is treated with dignity and respect to achieve their full potential. In practice, this means we are positive and inclusive about making workplace adjustments, we offer regular health and wellbeing programmes, diversity and inclusion training, employee networks, mentoring and volunteering opportunities as well as investment into your professional development. You can read more about diversity and inclusion on our website.
We understand that our work/life balance is important to us all and that a hybrid of working from the office and home can offer a great level of flexibility. Flexible working forms part of a total reward approach which offers a host of other benefits over and above the standard offering (generous pension, healthcare, wellbeing etc). These include financial support for training, education & development, a benefit allowance (to spend on our flexible benefits such as gym membership, dental insurance, extra holiday or to partake in our cycle to work scheme), employee recognition scheme and various employee discount schemes.
By choosing Lloyd's, you'll be part of a team that brings together the best minds in the industry, and together with our underwriters and brokers, we create innovative, responsive solutions allowing us to share risk and solve complex problems.
Should you require any additional support with your application, or any adjustments, please click the following link;
https://cleartalents.com/apply/lloyds-msa1645695881
Please note, clicking on this link does not register your application for the vacancySkills Required
- Experience in operational risk management or applying risk frameworks, tools, and processes
- Understanding of operational business functions (particularly Finance)
- Knowledge of risk methodologies (e.g. risk assessment, incident management, Solvency II principles)
- Professional qualifications such as IRM or CII (desirable or working towards)
What We Do
Lloyd’s is the world’s leading marketplace for insurance and reinsurance. Through the collective intelligence and risk-sharing expertise of the market’s underwriters and brokers, Lloyd’s helps to create a braver world.
