Senior Risk Manager

Who are we?👋

Look at the latest headlines and you will see something Ki insures. Think space shuttles, world tours, wind farms, and even footballers’ legs.

Ki’s mission is simple. Digitally disrupt and revolutionise a 335-year-old market. Working with Google and UCL, Ki has created a platform that uses algorithms, machine learning and large language models to give insurance brokers quotes in seconds, rather than days.

Ki is proudly the biggest global algorithmic insurance carrier. It is the fastest growing syndicate in the Lloyd's of London market, and the first ever to make $100m in profit in 3 years.

Ki’s teams have varied backgrounds and work together in an agile, cross-functional way to build the very best experience for its customers. Ki has big ambitions but needs more excellent minds to challenge the status quo and help it reach new horizons.

Where you come in?

In this role, you will work closely with all divisions of Ki to identify, measure, and manage the organization’s exposure to risk, ensuring effective communication of this information to management and the Board in line with the Risk Management Framework. You will deliver the validation of the Internal Model, conduct the Own Risk and Solvency Assessment, and meet other relevant requirements under Solvency II, Solvency UK, and Lloyd’s regulations. Additionally, you will provide analytical support to aid in the development and execution of Ki’s strategy, with a strong focus on risk assessment and quantitative analysis.

What you will be doing: 🖋️

• Work with the Head of Risk to develop and embed fit-for-purpose enterprise-wide risk management (ERM) capabilities within the organisation in line with the requirements of the Risk Management Framework approved by the Board.
• Calculate risk metrics and support the reporting of breaches to the Boards, Risk Committees and Executive Management Team.
• Manage the delivery of reports to the Risk Committees, Executive Management Team, Boards and regulators as and when required and to a sufficient quality standard.
• Work with the Head of Risk to manage the delivery of the Own Risk and Solvency Assessment (ORSA) including risk appetite setting, annual ORSA report, business plan reviews, stress and scenario testing (including reverse stress testing) and analysis of emerging risks.
• Work with the Head of Risk to manage the Internal Model validation process and production of validation report
• Carry out analysis of the Group’s underwriting portfolio and outwards reinsurance programme in order to support the development of the Group’s underwriting strategy
• Carry out thematic reviews across the business including use of technology and underwriting algorithm
• Provide quantitative analysis in support of other strategic projects
• Establish & maintain effective working relationships with other business departments (e.g. underwriting, operations, technology, actuarial, finance).
• Management of ERM Analysts, including recruitment, performance reviews and employee relations

Requirements:
• Qualified actuary or equivalent experience / qualificationUnderstanding of Solvency II / Solvency UK regulations and Lloyd’s expectations

• Track record of success in an insurance or consultancy organisation, applying rigorous risk disciplines with high standards of delivery in a timely, cost-effective way. Ideally, demonstrating ability to manage risk in a dynamic, technologically focussed organisation
• Knowledge of actuarial techniques and disciplines as well as a grasp of the commercial drivers and dynamics affecting the insurance sector
• Understanding of Solvency II / Solvency UK regulations and Lloyd’s expectations
• Proven ability to build relationships with the various stakeholders across the organisation and strong influencing and project management skills
• Business awareness and a high level of commercial understanding
• Experience of managing more junior members of staff

Benefits:
You’ll get a highly competitive remuneration and benefits package. This is kept under constant review to make sure it stays relevant. We understand the power of saying thank you and take time to acknowledge and reward extraordinary effort by teams or individuals.

What to expect during the recruitment process:

1) Initial recruiter screening call

2) Interview with hiring manager

3) Technical Interview (this may vary depending on the role)

4) Values Interview