What are the responsibilities and job description for the Senior Risk Analyst position at Hiscox?
Job Type
Permanent
Build a brilliant future with Hiscox
This role offers an exciting opportunity for a risk and compliance professional with 3 years of experience. Working as part of the US Business Unit Chief Risk Office, you will support the embedding and maturing of the Hiscox Group’s Risk Management Framework, working closely with the US Hiscox business unit and legal entities. You will assist in managing key risks and associated processes and support the compliance function with critical activities. This is a unique opportunity to grow your professional experience in both the risk and compliance disciplines.
As a member of the Hiscox US Risk & Compliance function, you will assess existing and emerging risks, exposures, threats, and opportunities, and consult with business unit management and Group Risk teams on the related impact to operations and the business risk profile and execute key compliance activities. Develop collaborative business working relationships to influence, challenge, and verify risk decision-making, supporting the Risk team’s remit. You will balance input from different stakeholders to facilitate innovative risk outcomes that meet a range of requirements.
Risk Management
What you’ll be doing:
About Hiscox
As an international specialist insurer we are far removed from the world of mass market insurance products. Instead we are selective and focus on our key areas of expertise and strength - all of which is underpinned by a culture that encourages us to challenge convention and always look for a better way of doing things.
We insure the unique and the interesting. And we search for the same when it comes to talented people. Hiscox is full of smart, reliable human beings that look out for customers and each other. We believe in doing the right thing, making good and rebuilding when things go wrong. Everyone is encouraged to think creatively, challenge the status quo and look for solutions.
Scratch beneath the surface and you will find a business that is solid, but slightly contrary. We like to do things differently and constantly seek to evolve. We might have been around for a long time (our roots go back to 1901), but we are young in many ways, ambitious and going places.
Some people might say insurance is dull, but life at Hiscox is anything but. If that sounds good to you, get in touch.
About Hiscox US
Hiscox USA was established in 2006 to focus primarily on the needs of small and middle market commercial clients, via both the broker and direct distribution channels and is today the fastest-growing business unit within the Hiscox Group.
Today, Hiscox USA has a talent force of about 420 employees operating out of several major cities - Atlanta, Chicago, Manhattan, Scottsdale, West Hartford, and White Plains. Hiscox USA offers a broad portfolio of commercial products, including technology, cyber & data risk, multiple professional liability lines, media, entertainment, management liability, crime, kidnap & ransom, commercial property and terrorism.
You can follow Hiscox on LinkedIn, Glassdoor and Instagram (@HiscoxInsurance)
Work with amazing people and be part of a unique culture
Permanent
Build a brilliant future with Hiscox
This role offers an exciting opportunity for a risk and compliance professional with 3 years of experience. Working as part of the US Business Unit Chief Risk Office, you will support the embedding and maturing of the Hiscox Group’s Risk Management Framework, working closely with the US Hiscox business unit and legal entities. You will assist in managing key risks and associated processes and support the compliance function with critical activities. This is a unique opportunity to grow your professional experience in both the risk and compliance disciplines.
As a member of the Hiscox US Risk & Compliance function, you will assess existing and emerging risks, exposures, threats, and opportunities, and consult with business unit management and Group Risk teams on the related impact to operations and the business risk profile and execute key compliance activities. Develop collaborative business working relationships to influence, challenge, and verify risk decision-making, supporting the Risk team’s remit. You will balance input from different stakeholders to facilitate innovative risk outcomes that meet a range of requirements.
Risk Management
What you’ll be doing:
- Provide support to the US Risk and Function in delivering its objectives.
- Conduct analysis of reported risk events and consider how external datasets can be used to help inform internal analysis.
- Develop an understanding of the impacts of risk on our business; stay abreast of key market risk issues and regulatory requirements, trends, and implications.
- Develop relationships and engage risk and control owners to build knowledge of their business/functions, understand current and developing areas of risk, identify gaps and exposure areas, and provide advice and opinions.
- Assist in the creation and coordination of risk reporting and documentation including Board/Risk Committee packs, ORSA reports, Risk & Control Registers, risk policies, risk dashboards, regulatory assessments, presentations to meet internal and external deliverables.
- Assist in managing and embedding the Risk and Control Self-Assessment (RCSA) process, Group risk policies, the Risk and Control Register (RCR), Internal Controls Framework (ICF), and Critical Risk Tracker.
- Contribute to business second line challenge through involvement in programs, stakeholder meetings, and specific risk reviews.
- Take a role in the delivery of regulatory requirements including submissions to a range of regulators of the Hiscox group.
- Develop subject matter expertise, including through attending industry/market meetings.
- Administration and renewing entity regulatory licenses and permits.
- Conducting OFAC reviews.
- Assist with Regulatory Data Calls.
- 3 years in underwriting, risk management, compliance and / or internal audit.
- Foundational knowledge of regulatory principles and risk management concepts.
- Ability to prioritize work, meet deadlines, achieve goals, and work in a dynamic and complex environment.
- Demonstration of critical thinking with curiosity beyond one's own area of focus.
- Advanced knowledge of Microsoft Excel, PowerPoint, and Word. Experience with data analysis is preferred.
- 401(k) with competitive company matching
- Comprehensive health insurance, vision, dental and FSA plans (medical, limited purpose, and dependent care)
- Company paid group term life, short- term disability and long-term disability coverage
- 24 Paid time off days plus 2 Hiscox days,10 paid holidays plus 1 paid floating holiday, and ability to purchase up to 5 PTO days
- Paid parental leave
- 4-week paid sabbatical after every 5 years of service
- Financial Adoption Assistance and Medical Travel Reimbursement Programs
- Annual reimbursement up to $600 for health club membership or fees associated with any fitness program
- Company paid subscription to Headspace to support employees’ mental health and wellbeing
- 2023 Gold level recipient of Cigna’s Healthy Workforce Designation for having a best-in-class health and wellness program
- Dynamic, creative and values-driven culture
- Modern and open office spaces, complimentary drinks
- Spirit of volunteerism, social responsibility and community involvement, including matching charitable donations for qualifying non-profits via our sister non-profit company, the Hiscox USA Foundation
About Hiscox
As an international specialist insurer we are far removed from the world of mass market insurance products. Instead we are selective and focus on our key areas of expertise and strength - all of which is underpinned by a culture that encourages us to challenge convention and always look for a better way of doing things.
We insure the unique and the interesting. And we search for the same when it comes to talented people. Hiscox is full of smart, reliable human beings that look out for customers and each other. We believe in doing the right thing, making good and rebuilding when things go wrong. Everyone is encouraged to think creatively, challenge the status quo and look for solutions.
Scratch beneath the surface and you will find a business that is solid, but slightly contrary. We like to do things differently and constantly seek to evolve. We might have been around for a long time (our roots go back to 1901), but we are young in many ways, ambitious and going places.
Some people might say insurance is dull, but life at Hiscox is anything but. If that sounds good to you, get in touch.
About Hiscox US
Hiscox USA was established in 2006 to focus primarily on the needs of small and middle market commercial clients, via both the broker and direct distribution channels and is today the fastest-growing business unit within the Hiscox Group.
Today, Hiscox USA has a talent force of about 420 employees operating out of several major cities - Atlanta, Chicago, Manhattan, Scottsdale, West Hartford, and White Plains. Hiscox USA offers a broad portfolio of commercial products, including technology, cyber & data risk, multiple professional liability lines, media, entertainment, management liability, crime, kidnap & ransom, commercial property and terrorism.
You can follow Hiscox on LinkedIn, Glassdoor and Instagram (@HiscoxInsurance)
Work with amazing people and be part of a unique culture
Salary : $90,000
