Quantitative Risk Analyst New London, Agile
Posted 3 days 23 hours ago by Enstar Group
Permanent
Not Specified
Academic Jobs
London, United Kingdom
Job Description
The Risk Function operates under the Enstar ERM Framework, which identifies key risks to the business; the key risks are managed under the following 'risk towers': Insurance Risk, Investment Risk, and Operational Risk. The purpose of this role is to support the execution of activities relating to the Insurance Risk tower across the group.
We seek a motivated and ambitious person, eager to transition their academic knowledge into practical application. As the Risk team is an integral component of decision-making processes - from regulatory deliverables such as Self Solvency Assessments, to business-driven initiatives such as M&A transactions - we are looking to expand 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 growth in the 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:
Supporting the Risk team in a broad scope of work through the understanding, analysing (with the use of statistical modelling), synthetisation and presenting financial risks to key stakeholders in the business.
The successful candidate will work as part of the team and contribute to larger deliverables, and where appropriate, also take responsibility from an early stage to deliver on smaller projects autonomously.
The following are key areas of responsibility:
Enstar group insurance risk
Enstar Group Limited ("Enstar" or "EGL") is a leading global insurance group and the world's largest standalone consolidator of legacy reinsurance business.
Through our network of group companies, we help others - principally other insurance companies - release capital by taking over liability portfolios which no longer make strategic sense for them to hold. We create value by better managing these legacy insurance portfolios and strive to generate attractive risk-adjusted returns from our investment portfolio.
Enstar's innovative re/insurance solutions help our partners to reduce risk, release capital, dispose of non-core businesses and portfolios, achieve finality and manage claims volatility. In return, Enstar drives earnings through savings arising from our technical excellence and from investment earnings on the reserves we hold.
With around 800 global employees, our network of group companies is positioned across the world's major insurance hubs and has significant presence in Bermuda, where our headquarters are located, the United States, the United Kingdom, continental Europe, and Australia.
Enstar's balance sheet strength is supported through flagship carrier, Cavello Bay, who benefits from strong financial strength ratings of "A" by Standard and Poor's and "A" Excellent with stable outlook by AM Best. Enstar held Shareholder's Equity of $6.1 billion as of 31 December 2024.
Acharacteristic that is core to our culture: we encourage an entrepreneurial spirit, our colleagues have autonomy to shape strategy, innovate new revenue streams and we reward those who are commercially focused.
NIMBLE
We are quick to respond to change. We embrace new technology and new lines of business according to market demands. We grasp new concepts quickly, are able to deliver in a timely manner and can improvise when needed.
SOLUTIONS FOCUSED
We are resilient, successful, have a winning mentality, possess a strong work ethic. We believe in getting it done.
TEAMWORK
Our strength is working together as a Group, across regions, companies and disciplines. We firmly believe the sum of our collective effort, knowledge and ambition will always outweigh our individual contributions. We work as a trusted partner to our clients.
AWARE
We use our knowledge and experience to stay aware of market trends, acquisition opportunities and other influencers that could impact us and our competitors. Our constant awareness means that we are vigilant, innovative and responsive.
RELEVANT
At all times we strive to undertake actions that are relevant to help us achieve our vision, and to ensure we remain a provider of relevant insurance solutions to the market. We have shown a capacity to evolve and will continue to do so in order to ensure our ongoing relevance to the market.
Equal Opportunities at Enstar:
Our annual Inclusivity Index puts Enstar ahead of the industry in terms of diversity and inclusivity. At Enstar, we value all types of diversity. We're an equal opportunity employer and believe that our diversity creates an authentic working culture. We don't discriminate on the basis of age, physical or mental disability, gender reassignment, marriage and civil partnership, pregnancy and carer status, race (including colour, nationality, and ethnic or national origin), religion or belief, sex and sexual orientation.Enstar is committed in providing an accessible recruitment experience for all those interested in working with us. Please let your Enstar Recruitment Partner know if you require any reasonable accommodation during the application process due to a disability to enable you to fully participate in our recruitment process.
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We seek a motivated and ambitious person, eager to transition their academic knowledge into practical application. As the Risk team is an integral component of decision-making processes - from regulatory deliverables such as Self Solvency Assessments, to business-driven initiatives such as M&A transactions - we are looking to expand 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 growth in the 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:
Supporting the Risk team in a broad scope of work through the understanding, analysing (with the use of statistical modelling), synthetisation and presenting financial risks to key stakeholders in the business.
The successful candidate will work as part of the team and contribute to larger deliverables, and where appropriate, also take responsibility from an early stage to deliver on smaller projects autonomously.
The following are key areas of responsibility:
Enstar group insurance risk
- Supporting all of Enstar's entities globally.
- Engaging in financial and statistical modelling of insurance exposures.
- Supporting the maintenance of technical financial models built in the Risk team
- Supporting and contributing to the independent validation of all financial models reviewed by the Risk function. A key aspect of this relates to the Internal Model Validation exercises undertaken, including supporting the Enstar's Lloyd's Managing Agency on an annual basis at least.
- Supporting the regular stress and scenario testing exercises undertaken across the business.
- Writing technical sections of reports (ORSAs / GISSAs / CISSAs) for the board, committees and regulatory bodies.
- Present information to key stakeholders.
- Independent due diligence review support in the M&A transactional process, particularly in respect of financial risk associated with the transactions.
- Deep dive reviews of potential financial risks to the business.
- Acting as a consultant to the business and supporting them on broad and varied requests to provide knowledgeable 2nd opinions on a variety of topics.
- The responsibilities described above are not exhaustive. Enstar is committed to ensuring our people develop and harness the right skills consistent with their wants and business needs. Therefore, it is expected that this will change over time.
- Minimum 1-3 years of experience working within the insurance industry.
- A minimum 2:1 University degree or equivelant in Mathematics, Actuarial Science, Statistics, Computer Science, Physics, Economics, Risk or Insurance-related degrees (preferred)
- Some understanding of Risk Management, Insurance balance sheets, Reserving, Capital preferred but not essential.
- Knowledge of statistical methods.
- Some knowledge of the legacy insurance industry will be helpful.
- Problem solving skills with the ability to start an analysis at a granular level and develop the big picture.
- Strong analytical skills and detail oriented.
- Flexibility to adapt to changing work priorities and assignments.
- Ability to present and communicate complex financial data concisely.
- Strong computational skills.
- Ability to meet strict deadlines.
- Strong written and verbal communication skills.
- Ability to read, understand and become knowledgeable on topics previously not encountered in a short time frame.
- Computer Programming: e.g. Python / R / SQL.
- Entry level knowledge of economics, insurance and financial services.
- Pension (Enrolment is automatic on joining with a 10% employer contribution)
- Dental Insurance (This is an optional taxable benefit available to employee, spouse, and dependents)
- Medical Insurance (This is an optional taxable benefit available to employee, spouse, and dependents through a private health network)
- Travel Insurance (As an employee you are automatically enrolled with business and leisure travel insurance with single, couple, family, or single parent family coverage options.)
- Eligible company funded annual 360 Health Assessment.
- Voucher for free annual eye examination.
- Option to loan a bicycle and safety equipment tax free.
- Wellness Reimbursement program (up to 700 pounds annual reimbursement for wellness related expenses, i.e, gym memberships, massage, etc.).
- Tusker - Electric Vehicle (A fixed monthly amount is taken directly from your gross salary and, in return, you get the use of a brand-new electric car.).
- Optional Critical Illness coverage
- Automatic coverage provided by income protection programme
- Access to Employee Assistance Programs (EAP) for health and wellbeing
Enstar Group Limited ("Enstar" or "EGL") is a leading global insurance group and the world's largest standalone consolidator of legacy reinsurance business.
Through our network of group companies, we help others - principally other insurance companies - release capital by taking over liability portfolios which no longer make strategic sense for them to hold. We create value by better managing these legacy insurance portfolios and strive to generate attractive risk-adjusted returns from our investment portfolio.
Enstar's innovative re/insurance solutions help our partners to reduce risk, release capital, dispose of non-core businesses and portfolios, achieve finality and manage claims volatility. In return, Enstar drives earnings through savings arising from our technical excellence and from investment earnings on the reserves we hold.
With around 800 global employees, our network of group companies is positioned across the world's major insurance hubs and has significant presence in Bermuda, where our headquarters are located, the United States, the United Kingdom, continental Europe, and Australia.
Enstar's balance sheet strength is supported through flagship carrier, Cavello Bay, who benefits from strong financial strength ratings of "A" by Standard and Poor's and "A" Excellent with stable outlook by AM Best. Enstar held Shareholder's Equity of $6.1 billion as of 31 December 2024.
Acharacteristic that is core to our culture: we encourage an entrepreneurial spirit, our colleagues have autonomy to shape strategy, innovate new revenue streams and we reward those who are commercially focused.
NIMBLE
We are quick to respond to change. We embrace new technology and new lines of business according to market demands. We grasp new concepts quickly, are able to deliver in a timely manner and can improvise when needed.
SOLUTIONS FOCUSED
We are resilient, successful, have a winning mentality, possess a strong work ethic. We believe in getting it done.
TEAMWORK
Our strength is working together as a Group, across regions, companies and disciplines. We firmly believe the sum of our collective effort, knowledge and ambition will always outweigh our individual contributions. We work as a trusted partner to our clients.
AWARE
We use our knowledge and experience to stay aware of market trends, acquisition opportunities and other influencers that could impact us and our competitors. Our constant awareness means that we are vigilant, innovative and responsive.
RELEVANT
At all times we strive to undertake actions that are relevant to help us achieve our vision, and to ensure we remain a provider of relevant insurance solutions to the market. We have shown a capacity to evolve and will continue to do so in order to ensure our ongoing relevance to the market.
Equal Opportunities at Enstar:
Our annual Inclusivity Index puts Enstar ahead of the industry in terms of diversity and inclusivity. At Enstar, we value all types of diversity. We're an equal opportunity employer and believe that our diversity creates an authentic working culture. We don't discriminate on the basis of age, physical or mental disability, gender reassignment, marriage and civil partnership, pregnancy and carer status, race (including colour, nationality, and ethnic or national origin), religion or belief, sex and sexual orientation.Enstar is committed in providing an accessible recruitment experience for all those interested in working with us. Please let your Enstar Recruitment Partner know if you require any reasonable accommodation during the application process due to a disability to enable you to fully participate in our recruitment process.
Apply for this job
indicates a required field
First Name
Last Name
Phone
Resume/CV
Enter manually
Accepted file types: pdf, doc, docx, txt, rtf
LinkedIn Profile
. click apply for full job details