General:
Job Title: Senior Risk Manager
Division: Risk and Compliance
Reports To: As per Beazley’s organisation chart
Key Relationships: Internally: Risk Management, Internal Audit, Compliance, Risk Owners, Control Reporters, Underwriters, Claims and managers of support functions. Externally: Regulators.
Job Summary: The role will deliver a broad range of risk management activities on behalf of Beazley’s US and Bermuda entities, across both operational and insurance/financial risks. This will involve producing risk reports and analysis (including Beazley’s US and Bermuda ORSAs), providing review and challenge of first line processes, performing deep-dive reviews on specific risk areas, as well as supporting the risk team with delivering on the wider risk management framework.
The role is most likely to suit an ERM professional with experience across either operational or insurance/financial risks (or both), who has significant experience in risk management, preferably within specialty insurance.
Provide challenge of the first line processes for Beazley’s US and Bermuda entities across both operational and insurance/financial risks, including regulatory, underwriting, actuarial, market, credit, claims, finance, procurement, and IT risks.
Produce risk reporting and opinions, including deep-dive reviews on key risks, hot topics and any risk incidents influencing Beazley’s risk profile, to support reporting to internal and external stakeholders.
At Beazley we are committed to doing the right thing because it is the right thing to do. It is important that within all your interactions both internally and externally you adhere to this principle through adoption of Beazley’s core values and behaviours.
Adopt the Beazley culture of professionalism, integrity, effectiveness and dynamic attitude that contributes to an internal environment of teamwork and promotes a positive brand image and experience to our external customers.
Comply with Beazley procedures, policies and regulations including the code of conduct. Undertake training on Beazley’s policies and procedures as delivered by your line manager, Culture and People or assurance teams (compliance, risk, internal audit) either directly, via e-learning or the learning management system.
Comply with any specific responsibilities necessary for your role as outlined by your line manager, Culture and People or assurance teams (compliance, risk, internal audit) and ensure you keep up to date with developments in these areas. This may include, amongst others, Beazley’s underwriting control standards, Beazley’s claims control standards, other Beazley standards and customer relationship management.
Education and Qualifications
Experience of providing challenge across any of the following areas would be an advantage: Operational risk within Finance, Insurance, IT, and wider Operations teams.
Who We Are:
Beazley is a specialist insurance company with over 30 years’ experience helping people, communities and businesses to manage risk all around the world. Our mission is to inspire our clients and people with the confidence and freedom to explore, create and build – to enable businesses to thrive. Our clients want to live and work freely and fully, knowing they are benefitting from the most advanced thinking in the insurance market. Our goal is to become the highest performing sustainable specialist insurer.
Our products are wide ranging, from cyber & tech insurance to marine, healthcare, financial institutions and contingency; covering risks such as the weather, film production or protection from deadly weapons.
Our Culture
We have a wonderful mix of cultures, experiences, and backgrounds at Beazley with over 2,000 of us working around the world. Employee’s diversity, experience and passion allow us to keep innovating and moving forward, delivering the best. We are proud of our family-feel culture at Beazley that empowers our staff to work from when and where they want, in an adult environment that is big on collaboration, diversity of thought and personal accountability. Our three core values inspire the way we work and how we treat our people and customers.
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Be bold
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Strive for better
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Do the right thing
Upholding these values every day has enabled us to become an innovative and responsive organization in touch with the changing world around us.
We are a flexible and innovative employer offering a friendly, collaborative, and inclusive working environment. We actively encourage and expect applications from all backgrounds. Our commitment to fostering a supportive and dynamic workplace ensures that every employee can thrive and contribute to our collective success.
Explore a variety of networks to assist with professional and/or personal development. Our Employee Networks include:
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Beazley RACE - Including, understanding and celebrating People of Colour
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Beazley SHE - Successful, High potential, Empowered women in insurance
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Beazley Proud - Our global LGBTQ+ community
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Beazley Wellbeing - Supporting employees with their mental wellbeing
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Beazley Families - Supporting families and parents-to-be
We encourage internal career progression at Beazley, giving you all the tools you need to drive your own career here, such as:
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Internal Pathways (helping you grow into an underwriting role)
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iLearn (our own learning & development platform)
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LinkedIn Learning
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Mentorship program
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External qualification sponsorship
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Continuing education and tuition reimbursement
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Secondment assignments
The Rewards
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The opportunity to connect and build long-lasting professional relationships while advancing your career with a growing, dynamic organization
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Attractive base compensation and discretionary performance related bonus
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Competitively priced medical, dental and vision insurance
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Company paid life, and short- and long-term disability insurance
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401(k) plan with 5% company match and immediate vesting
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22 days PTO (prorated for 1st calendar year of employment), 11 paid holidays per year, with the ability to flex the religious bank holidays to suit your religious beliefs
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Up to $700 reimbursement for home office setup
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Free in-office lunch, travel reimbursement for travel to office, and monthly lifestyle allowance
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Up to 26 weeks of fully paid parental leave
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Up to 2.5 days paid annually for volunteering at a charity of your choice
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Flexible working policy, trusting our employees to do what works best for them and their teams
Salary for this role will be tailored to the successful individual’s location and experience. The expected compensation range for this position is $200,000-$215,000 per year plus discretionary annual bonus.
Don’t meet all the requirements? At Beazley we're committed to building a diverse, inclusive, and authentic workplace. If you’re excited about this role but your experience doesn’t perfectly align with every requirement and qualification in the job specification, we encourage you to apply anyway. You might just be the right candidate for this, or one of our other roles.
We are an equal opportunities employer and as such, we will make reasonable adjustments to our selection process for candidates that indicate that, owing to disability, our arrangements might otherwise disadvantage them. If you have a disability, including dyslexia or other non-visible ones, which you believe may affect your performance in selection, please advise us in good time and we’ll make reasonable adjustments to our processes for you.
