GRS Strategic Stress & Scenario Manager

Country: United Kingdom of Great Britain and Northern Ireland

Creation Date: 18-Aug-2025

Employment Type: Permanent

Employment Type: Full time

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Description & Requirements

Team: GRS Strategic Risk Management

Location: London

Type: Permanent

About the Role:

As the Global Risk Solutions (GRS) Strategic Stress & Scenario Manager, you will be responsible for the development, implementation, and continuous enhancement of the GRS Stress & Scenario Testing (SST) Framework across Global Risk Solutions. This role is critical in strengthening GRS's resilience to adverse events by delivering systematic, forward-looking risk insights that inform purposeful risk-reward decision-making and support capital and liquidity management strategies.

As a senior leader within the Strategic Risk Team, you will champion the integration of stress testing and scenario analysis across all GRS segments, regions, and legal entities globally by ensuring a consistent and scalable approach to scenario development, execution, and reporting that aligns with LMG Group guidance and supports proactive risk mitigation and business resilience.

Key Responsibilities:

o Lead on management and delivery of the GRS SST Framework, ensuring alignment with GRS strategic risk management objectives.

o Collaborate with GRS Risk (including Product, Segment and Legal Entity leads) and cross-functional partners to coordinate scenario design, stress testing activities, and results analysis across diverse risk categories.

o Develop and maintain a core inventory of scenarios that reflect a comprehensive range of severe but plausible events relevant to GRS's risk profile, including:

? Systemic Scenarios: broad events that have the chance to impact the entire GRS portfolio. E.g., geopolitical, macroeconomic, climate, etc.

? Targeted Risk Scenarios: insurance risk accumulation, cyber, casualty, credit, and terrorism risks. Collaborate with GRS Product leads on their delivery of the Product Scenarios.

o Ensure scenarios cover both sudden onset shock events and slow-onset phenomena, incorporating qualitative and quantitative assessments of likelihood, impact, duration, and interconnectedness.

o Design scalable scenario analysis approaches, balancing top-down and bottom-up methodologies, leveraging models and data to assess impacts on P&L, balance sheet, and work with partners to consider the impact to capital adequacy, and liquidity positions.

o As part of the Strategic Risk Team, contribute to the assessment of new emerging or systemic risks, across relevant industry, economic, and academic resources, which supports GRS analysis.

o Responsible for leading the design and delivery of systemic scenarios across GRS including Climate, Geopolitical and Macroeconomic and any that are prioritised from the Emerging Risk Framework.

o Engage with subject matter experts across Risk Management and within business functions during scenario analysis, to validate reasonableness of results and define appropriate risk response strategies, where needed.

o Deliver insightful reporting on stress and scenarios undertaken to all stakeholders, tailoring analysis towards specific requirements of deliverables.

o Serve as the subject matter expert and key point of contact for SST-related activities within GRS, facilitating communication and collaboration with business units, regional teams, and LMG Group risk functions.

o Monitor evolving risk landscapes and regulatory developments to refine and enhance the SST Framework.

o Integrate lessons learned from stress event responses, internal reviews, and external best practices to advance framework robustness and effectiveness.

• Adherence to all relevant regulatory requirements forms part of your role, and the demonstration of behaviours as set out in the Conduct Risk Policy, as they relate to your role, is core to LSM's commitment to our Liberty Values, placing customers at the centre of our business and behaving with integrity. LSM expects you to understand your responsibilities relating to all regulatory and internal requirements, and to proactively demonstrate compliance with these requirements and behaviours at all times. These requirements include the Senior Managers and Certification Regime Conduct Rules ,Solvency II, fair treatment of customers, Financial Crime, Data Protection, Conflicts of Interest, and Whistleblowing

Skills and Experience:

• Proven leadership experience in enterprise risk management, stress testing, scenario analysis, and/or related risk functions within the insurance industry.

• Deep understanding of global insurance risk profiles, including market, credit, underwriting, and emerging risks.

• Expertise in designing and implementing scalable scenario analysis frameworks aligned with regulatory and industry standards.

• Strong analytical skills with the ability to interpret complex risk data and translate into actionable insights.

• Excellent stakeholder management and communication skills, capable of influencing senior executives and cross-functional teams.

• Familiarity with sustainability and climate-related risk assessments is highly desirable.

• Relevant professional qualifications (e.g., FRM, CFA, Actuarial credentials) and/or advanced degree in finance, risk management, economics, or related disciplines.

About Liberty Specialty Markets (LSM)

Liberty Specialty Markets is part of Global Risk Solutions and the broader Liberty Mutual Insurance Group, which is a leading global insurer. We offer a breadth of world-class insurance and reinsurance services to brokers and insureds in all major markets.

Our people are key to our success. That is why "Put People First" is one of the five Liberty values which unite us as a global organisation. We bring this to life for our colleagues through:

• Offering a vibrant and inclusive environment and committing to their career development.

• Promoting diversity, equity and inclusion (DEI). Our Inclusion Matters framework and employee-led networks strengthen the diversity of our workforce and our inclusive environment.

• Reinforcing that collaborating together to share our unique perspectives help us make better decisions, deliver innovative solutions and pursue our ambitious goals.

• A supportive culture, which includes promoting a healthy work-life balance and working flexibly.

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