Risk Officer

Hiscox•New York, NY

2d•Hybrid

About The Position

We’re looking for a tenacious, curious and commercially minded risk professional to join Hiscox’s London Market and Re & ILS (‘Big Ticket’) Risk and Compliance team. Reporting to the Hiscox Syndicates Limited Chief Risk Officer, this role offers an exciting opportunity to manage risk for Hiscox’s London Market and Reinsurance businesses. This includes business written through Hiscox’s Lloyd’s syndicate, Bermuda based Reinsurance entity and Guernsey based commercial insurer. Critical to success will be developing meaningful, collaborative business relationships to influence, challenge and verify risk decision-making in order to proactively manage risk. The role offers the opportunity for close engagement with the wider Group Risk and Compliance function. The ‘Big Ticket’ Risk and Compliance team combines Risk and Compliance professionals who partner Hiscox Big Ticket businesses by delivering advice, insights and effective challenge in pursuit of their strategic ambitions and elevating and embedding Risk and Compliance maturity.

Requirements

Proven experience of Enterprise Risk Management.
Strong preference for Insurance experience but would consider Financial Services.
Strong quantitative and analytical skills experienced preferably in risk management or a related field (e.g. actuarial)
Familiarity with insurance regulatory regimes (e.g. Solvency II).
Preference for experience of General Insurance company operations including business model, profitability drivers, underwriting, business processes and risk management practices.
Strong understanding of control environments and ability to assess and challenge risk and control assessments.
Ability to multi-task, prioritise work, meet deadlines and achieve goals.
Critical thinking to be able to assimilate information, quickly diagnose an issue, consider options and approaches and implement robust and commercial solutions.
A desire to challenge the status quo and look for opportunities to drive efficiency leveraging AI.
Ability to navigate ambiguity, controversy or a lack of familiarity to drive forward solutions.
A great communicator with the ability to combine persuasion and negotiation skills with leadership and influencing qualities to encourage stakeholders to positively respond to questions, inquiries and requests.
Demonstrates a clear and continuous desire to for self- improvement and asks questions of others to gain new knowledge.

Nice To Haves

As a guide only, 3-6 years experience. Those with more, or less experience, but the right level of knowledge will naturally be considered.

Responsibilities

Develop an understanding of Hiscox’s businesses and commercial landscape; staying abreast of risk trends and regulatory requirements to provide second line engagement and challenge.
Lead second line risk reviews providing quantitative and qualitative insights and risk management recommendations.
Support the Own Risk and Solvency Assessment (ORSA) process for Hiscox entities.
Support the Risk & Control Self Assessments (RCSA) process and enhancements to the control landscape.
Support the preparation of Board/Risk Committee packs and key deliverables to regulators.
Foster a strong risk culture and hold first line owners to account for addressing key risk and control issues.