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

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