Stress Testing Risk Manager

Job Description

Job Title: Stress Testing Risk ManagerLocation: London (Hybrid)Role Objective:This role uses data and exposure analysis, scenario quantification, and cooperation with wider teams to develop clear reporting and new insights into Aspens risk environment. This will cover systemic risks across established risk categories (i.e., underwriting,reserving, market, credit, and operational risks; and the dependencies between them) as well as the specifics of new emerging risksKey Responsibilities:Strategy and Planning:

• Lead the work to develop the Group Emerging Risk, Stress Testing, Reverse Stress Testing and Recovery and Resolution Planning activity across the business, including supporting the quantification of operational risk capital requirements.
• Provide leadership on the risk oversight and challenge to key business areas.
• Contribute to development of annual Assurance plan, by defining points of focus for assessments, and participating in insightful risk management conversations.
• Prioritises deliverables and activities to support delivery of overall business targets.
• Build strong relationships with Group, to ensure strong information gathering, and ability to influence and be seen as credible.

Policy, Process and Procedures:

• Collaborate with the business and Legal Entity Risk Management teams to maintain Risk and Control registers covering the financial risks as defined in the Operational Risk Management framework.
• Support the Group-wide Risk and Control Self-Assessment process, including evaluating results to form an assessment on the overall effectiveness of Aspen control environment with respect to Market, Credit and Liquidity risk.

Environmental Awareness/Customer Focus:

• Engage with subject matter experts across Risk Management and within business functions in the delivery of responsibilities including risk assessments and reporting.
• Bring together external market knowledge, peer group knowledge and regulatory understanding with comprehensive and regular business interaction to ensure that the full suite of potential emerging risks affecting the business are identified and understood.
• Coordinate with the Legal Entity risk teams to deliver Aspens risk management strategy and capabilities.
• Provide Risk support and advice to first line teams and business partners, including participating in risk reviews and assessments of new business activities and change initiatives to ensure material risks are identified and appropriate controls are implemented.

Technical Performance:

• Proactively conduct research, across relevant industry, economic, and academic resources, to support the assessment of new or emerging risks.
• Supporting the team in identifying, understanding, and escalating heightened risks together with a clear set of recommendations to address these.
• Aggregate risk data and synthesize key risk themes for reporting to senior management, risk governance forums and Board level Committees.
• Assist Risk Management leadership with preparation of materials for Group and Legal Entity risk reporting process to executive committees, and Audit / Risk Committee(s) of the Board of Directors

Requirements & Skills:

• Minimum of 5 years Market, Credit and / or Liquidity risk experience, preferably within the insurance industry.
• Bachelors Degree, with recognised professional qualifications preferred.
• Industry acumen, including knowledge of business operations, finance, risk, as well as a working understanding of the actuarial aspects.
• Experience working as part of a team within a multi-national insurance environment.
• Working with senior stakeholders and other assurance functions.
• Excellent interpersonal and communication skills.
• Ability to develop and sustain relationships at all levels, devote time to develop self and others.
• Delivery focused, with high energy and drive, and ability to deliver through others.
• Sound commercial judgment, able to understand complex processes and structural issues with capacity to go into detail, draw connections, explain succinctly and act decisively and quickly.
• Innovative and able to drive change in order to simplify and strengthen policies, processes and procedures.
• High level of personal confidence; able to lead and manage projects and change through influence and persuasion.
• Leadership courage with the ability to challenge key business decision-makers.
• Must be able to build strong relationships within the business and the wider risk team and community.

About us:Since Aspen was founded in 2002, we have become a leading, diversified specialty insurance and reinsurance company. We respond thoughtfully and creatively to find the best outcomes for our clients and business partners through carefully-tailored solutions.We believe the way we work is just as important as the work we do, and we are guided by our core values of respect, honesty, trust and professionalism.Aspen is a great place to develop your career offering an exciting and challenging environment where achievement is rewarded.Our Recruitment Delivery Team are committed to offering an inclusive recruitment experience to all candidates. If you require any accommodations or adjustments as a result of disability, impairment, or health condition, please do not hesitate to let us know.