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Our shared values: we are brave; we are stronger together; we do the right thing; guide what we do and how we act. If you share our values and our passion to build a future that’s more sustainable, resilient and inclusive, you’ll find a home at Lloyd’s – build a braver future with us.
This position is a six-month secondment to cover the responsibilities of the Chief Risk Officer (CRO) during her planned leave, commencing around November 2025.
Context:
This role is an ‘independent control function’ under regulatory requirements prescribed by the National Bank of Belgium (‘NBB’) as part of the NBB’s Fit & Proper rules. Consequently, the holder of this role, in interim capacity, is required to meet prescribed NBB fit and proper requirements that will be separately provided to the holder for their participation in the necessary fitness and propriety process. The holder of the role, in interim capacity, is also required to attend the Board meetings in absence of the permanent CRO who serves as an Executive Director on the Board. Formal delegation of the permanent CRO’s responsibilities to the interim role holder will be done to allow the interim role holder to fulfill his/her duties.
This role includes responsibility for the UK branch of LIC and has been designated as a key function under regulatory requirements prescribed by the PRA and FCA as part of the Senior Insurance Managers regime. As a consequence, the holder of this role is a key function performer and is required to meet prescribed FCA and PRA conduct standards.
Role Purpose:
To lead the risk management function within Lloyd’s Europe and its branches. Responsible for ensuring Lloyd’s Europe (including its EU/EEA and UK branches) has effective risk management systems and controls in place.
Responsible for driving improvements in the risk culture and maturity of Lloyd’s Europe across all functions and therefore contributing to the wider achievement of business and strategic objectives. Personne relais for the outsourced second line Actuarial function.
Principal Accountabilities:
Lead the effectiveness of risk management function throughout LIC, through the embedding and continuous improvement of the Company’s Risk Management and Actuarial frameworks.
Be accountable (via the permanent CRO) to the LIC Board for risk issues, including strategic risks and the operation of the LIC risk framework and risk management function according to the Solvency II regime.
Lead the LIC Risk Management Framework and take accountability for the quality and effectiveness of the company’s risk governance controls, including responsibility for the performance of the ‘Own Risk and Solvency Assessment’ process
Develop and operate the LIC Risk Strategy in accordance with the risk mitigation strategies set by the LIC Board; ensure that the assessment and use of risk and capital in strategic decision making are effectively embedded and used by the company
Oversee the design and formulation of risk appetites to manage all significant financial, non-financial and other risks facing the company
Ensure a robust risk management framework is in place to identify, assess and manage all risks facing LIC that also meets the requirements of Solvency II and regulatory expectations
Ensure all material risks facing LIC are identified, assessed and appropriately managed and that actions are taken where necessary
Promote risk management standards through the provision of advice on risk management best practices and their implementation
Act as the personne relais for the Actuarial Function in respect of the second line oversight of the work of the 1st line LIC actuarial and underwriting teams, ensuring that the Actuarial Function operates properly and that review of the reserving, underwriting and reinsurance oversight processes are properly carried out.
Serve as Key Function Holder for the Risk Management function of the LIC UK branch. Support UK branch in ensuring continued compliance with operations and effective risk management, through embedding the risk management framework and appropriate risk support and challenge.
Represent the Risk function and personne relais for second line Actuarial function in all interactions with the home state regulatory (National Bank of Belgium).
Skills
Influencing & negotiating skills across industry and profession
Stakeholder management within Lloyd’s Europe, Lloyd’s and externally, including regulators
Functional strategy development and influencing skills
Complex business/regulatory issue or problem analysis and resolution skills
Thought leadership/public advocacy skills within and across global industry
Multiple internal and external stakeholder management and effective networking skills
Ability to think strategically as well as focus on detail across multiple functional disciplines
Ability to analyse complex data sets and present key information to internal and external stakeholders
Presentation/Public speaking skills
Driving change and innovation skills
Ability to lead projects and initiatives
Ability to work in a multi-cultural environment
Team leadership and people management skills
Knowledge
Expert level knowledge of Solvency II regulatory environment, regimes, and requirements, including the expectations regarding management of risks by 1st line functions
Expert knowledge of risk management within a financial services context
Strong insurance market knowledge including Lloyd’s, London Market & International Markets and other financial services markets
Strong knowledge of financial and business processes in the insurance industry
Expert knowledge of corporate governance principles and structures
Proven ability to challenge/communicate at a Board level
Experience
Experienced in the Financial Services regulatory environment in a role that involved ensuring compliance with Belgian or EU regulatory requirements relevant to the role
Experience of leading strategic initiatives across multiple business areas.
Experience of working in multi jurisdiction, complex and rapidly changing regulatory environments
Experience of working in complex business and financial services environments with a large number of senior stakeholders
Experience in the Lloyd’s/London Market and Global insurance sector with strong market and industry knowledge.
Experience of advising on both financial and non-financial risk
Experience of analysing complex risk, financial, operational and insurance industry information.
Extensive experience of directing large scale risk management systems
Is an analytical, strategic thinker, with good reasoning and problem solving skills
Is a confident and clear communicator
Has well developed management and organisational skills, able to work with teams across multiple business areas and disciplines
Competencies
Working with People
Actively builds and nurtures effective relationships with people across all organisational levels and with external contacts
A leader, strong interest in the performance of the business as a whole, rather than a single focus on their own area of expertise
Proactively consults with a broad cross-section of stakeholders during all aspects of decision making
Maintains and extends a broad and effective network of links with individuals both internally and externally and uses these to benefit the business
Proactive, focused and diligent with outstanding communication skills, able to develop productive relationships at all levels
Creating and Innovating
Produces a range of workable strategies aimed at solving a number of complex, possibly related issues
Contributes radical ideas, approaches and insights that offer up new avenues of exploration
Adapting and Responding to Change
Anticipates changes in the position of their customers, market or organization and adjusts their own and others approach to take account of this
Versatile, adaptable, proactive and comfortable with taking a hands-on approach, capable of delivering change, and transformation
Uses many different approaches to interact successfully with others, adapting interpersonal style to fit the situation and the characteristics of groups and individuals
Promotes large scale change initiatives across teams, creating a managed sense of urgency to bring the changes about
Leading and Supervising
Provides teams and departments with clear directions that are translated from organizational strategy
Guides conversations to desired end points; negotiates effectively by exploring a range of possibilities
A collaborative leader who inspires trust and confidence in others. Pragmatic and operates with pace, energy and drive.
Commercially focused, energetic and positive with a ‘can do’ attitude
Applying expertise and technology
Demonstrates detailed and comprehensive knowledge of own area and is recognized as an expert by people across the organization
Shares knowledge and expertise openly and freely, positioning knowledge sharing as an organizational priority
Strong attention to detail and also sees the bigger picture. Able to move seamlessly from focusing on detail to the broad strategic challenges, and contributing to the development of the business as a whole
Diversity and inclusion are a focus for us – Lloyd’s aim is to build a diverse, inclusive environment that reflects the global markets we work in. One where everyone is treated with dignity and respect to achieve their full potential. In practice, this means we are positive and inclusive about making workplace adjustments, we offer regular health and wellbeing programmes, diversity and inclusion training, employee networks, mentoring and volunteering opportunities as well as investment into your professional development. You can read more about diversity and inclusion on our website.
By choosing Lloyd's, you'll be part of a team that brings together the best minds in the industry, and together with our underwriters and brokers, we create innovative, responsive solutions allowing us to share risk and solve complex problems.
Should you require any additional support with your application, or any adjustments, please click the following link;
https://cleartalents.com/apply/lloyds-msa1645695881
