Senior Associate, Operational Risk

About 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.

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

Requirements

• 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
• 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
• 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 solution

Benefits

Additional Information

Lloyd's is the world's leading insurance and reinsurance marketplace. We share the collective intelligence and risk sharing expertise of the market's brightest minds , working together for a braver world. Our role is to inspire courage, so tomorrow's progress isn't limited by today's risks. 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. 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.

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