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.
Lloyd’s are seeking to recruit a Senior Associate (Syndicate Capability Risk). You will contribute to the delivery of independent second‑line assurance over Lloyd’s Principles‑Based Oversight (PBO) framework by supporting reviews, analysis and insight into how oversight activities manage risk and achieve regulatory objectives. The Senior Associate provides analytical depth, supports assurance delivery, contributes to governance outputs, and strengthens risk insights for management and committees.
Principal Accountabilities
Assurance Delivery
Support delivery of assurance reviews over PBO principles, controls and oversight practices.
Contribute to thematic reviews and assessments within the multi‑year assurance plan.
Assist in evaluating the design and effectiveness of oversight processes and controls, preparing clear, concise analysis and early-stage findings.
Support development and maintenance of oversight documentation, working papers and evidence logs.
Track remediation actions arising from reviews, ensuring updates are accurate and timely.
Risk Analysis & Insight
Conduct analysis to identify patterns, weaknesses and emerging risks in first‑line oversight. Contribute inputs to risk assessments for the annual Market Oversight Plan.
Draft sections of assurance reports, governance papers and committee materials.
Assist in synthesising review outcomes into forward‑looking observations and insights that support oversight effectiveness.
Stakeholder Engagement
Engage professionally with first‑line oversight functions and colleagues across the Corporation.
Support the Senior Manager in coordinating review scoping sessions, walkthroughs and clarification meetings.
Act as a constructive and credible challenger, raising issues with clarity and fairness.
Build effective working relationships across first‑ and second‑line teams to support collaborative oversight.
Continuous Improvement
Contribute to the development of assurance methodologies, tools and templates.
Support enhancements to oversight processes by identifying opportunities for improved consistency, transparency or efficiency.
Maintain strong documentation, reporting and quality‑assurance discipline in all work.
Skills Knowledge and Experience
Experience in insurance, reinsurance or the London Market desirable (not essential)
Exposure to regulatory, supervisory, enterprise risk or control environments
Understanding of risk management principles and framework
Familiarity with principles‑based regulation and supervision models.
Experience in risk management, internal audit, assurance, or regulatory oversight. [
Analytical skills with the ability to assess governance, control environments and oversight practices.
Ability to produce high‑quality written output, presenting complex judgement clearly and concisely.
Stakeholder engagement capabilities; able to challenge constructively and build effective working relationships.
Ability to prioritise effectively, work independently and operate in ambiguity.
Good organisational discipline, including documentation, evidence management and quality assurance.
Professional qualification (or progress towards one) in risk, audit, actuarial, accounting, or legal is desirable but not required
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 vacancy
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.
