Davies North America

Global insurance professional services and tech

Quantitative Risk Analyst

Quantitative RiskUpdated on Nov 13

Full-timeLondon, UKNo salary listedHybrid

About the Job

Requirements

Strong analytical and numerical capabilities, including interpreting complex datasets and identifying trends, exposures, and emerging risks.
Ability to support quantitative risk assessments, risk appetite monitoring, and risk reporting.
Experience supporting risk management frameworks within a Lloyd's, syndicate, insurer, managing general agent, or consulting environment.
Understanding of insurance risk categories, including underwriting, reserving, capital, operational, and exposure management risks.
Experience supporting Internal Model, Partial Internal Model, or Standard Formula/Standard Model environments.
Understanding of model governance, model validation, capital requirements, and regulatory expectations.
Experience contributing to Own Risk and Solvency Assessment (ORSA) production and wider risk management reporting.
Knowledge of stress and scenario testing frameworks, including analysing the impact of adverse risk events on capital and solvency positions.
Ability to communicate quantitative findings clearly to stakeholders.
Experience preparing reports, papers, and presentations for governance committees, boards, or senior stakeholders.
Strong written communication skills to document methodologies, validation findings, and risk assessments clearly and accurately.
Understanding of risk governance processes and committee structures.
Proven ability to build effective working relationships across Risk, Actuarial, Exposure Management, Capital Modelling, and wider business functions.
Ability to engage with technical and non-technical stakeholders, including external validators and regulatory-facing teams.
Organisational skills to manage multiple priorities and meet reporting deadlines.

Responsibilities

Support the development and maintenance of quantitative elements of the risk management framework.
Support quarterly monitoring and development of Actuarial and Exposure Management-related risks and risk appetites.
Support production of the Risk Team’s review of Syndicate SBFs.
Support preparation of Syndicate ORSA documentation, including quantitative elements.
Undertake other tasks related to the Risk Framework as directed.
Support the Senior Risk Analytics Manager on SCR Validation processes, including those required for Internal Model Approval Processes, Major Model Change submissions, and summer LCR submissions.
Work with internal Actuaries, external Validators, and Exposure Management on validation, including action closure.
Undertake Operational Risk Validation.
Draft reports to the Internal Model Technical Group, Internal Model Steering Committee, and other forums as required.
Support production of Validation Reports, including drafting sections as directed.
Support the Risk Team’s ownership and oversight of Internal Model, Lloyd’s Standard Model, and Partial Internal Model governance, including maintenance of the IM Policy.
Contribute to the effectiveness of Internal Model Steering Committee and Internal Model Technical Group governance, including ensuring agendas, minutes, and actions are appropriate.
Collaborate with the Central Capital team and Syndicate Actuaries.
Draft reports on Internal Model governance activities.
Complete Stress and Scenario testing as directed by the Senior Risk Analytics Manager.
Support the Senior Risk Analytics Manager in delivering the Stress and Scenario Framework.
Maintain working relationships with Actuarial and Exposure Management colleagues and other relevant Asta teams to support collaboration on quantitative risk elements of client oversight, internal projects, and risk management processes.
Collect and examine data to identify trends, exceptions, and risks, and produce draft reporting.
Contribute to internal model validation and governance processes, ORSAs, and stress testing frameworks.

Desired Qualifications

Experience using statistical, actuarial, or risk modelling techniques.
Exposure to SCR validation, model change processes, or capital adequacy assessments.

The Senior Risk Analyst takes on key quantitative elements of the risk management framework, ensuring strong risk management across multiple syndicates and clients within a Portfolio.

The Analyst is responsible for collecting and examining data to draw out trends, exceptions & risks and produce draft reporting.
If successful, you will contribute to internal model validation and governance processes, ORSAs, stress testing frameworks and foster cross-functional collaboration.

Syndicate Risk Management Processes

Risk management framework: Support the development and maintenance of quantitative elements of the framework.
Risk & Risk Appetite: Support on the quarterly monitoring and development of Actuarial and Exposure Management related Risks and Risk Appetites.
SBF Risk Assessments: Support in the production of the Risk Team’s review of Syndicate SBFs.
ORSA: Support in the preparation of Syndicate ORSA documentation, including specific quantitative elements.
Support in other tasks in regard to the Risk Framework as directed.

Validation

Support the Senior Risk Analytics Manager on SCR Validation processes, including those required for Internal Model Approval Processes, Major Model Change submissions and summer LCR submissions.
Work with internal Actuaries, external Validators and Exposure Management on Validation including in regard to action closure.
Undertake Operational Risk Validation.
Draft reports to the Internal Model Technical Group (IMTG), Internal Model Steering Committee (IMSC) and other forums as required.
Support in the production of Validation Reports including drafting sections as directed.

Internal Model & Lloyd’s Standard Model

Support in the Risk Team’s ownership and oversight of Internal Model, Lloyd’s Standard Model and Partial Internal Model governance including in regard to IM Policy maintenance.
Contribute to the effectiveness of IMSC & IMTG governance including ensuring agendas, minutes and actions are appropriate.
Collaborate with the Central Capital team and (Senior) Syndicate Actuaries.
Draft reports on Internal Model governance activities.

Stress & Scenario Testing

Complete Stress and Scenario testing as directed by the Senior Risk Analytics Manager.
Support the Senior Risk Analytics Manager on the delivery of the Stress and Scenario Framework.

Relationship Management

Maintain strong working relationships with Actuarial and Exposure Management Team colleagues alongside other relevant Teams at Asta, to support collaborative working on quantitative risk elements of client oversight, internal projects and risk management processes.

1. Quantitative Risk Analysis & Data Skills

Strong analytical and numerical capabilities with experience interpreting complex datasets and identifying trends, exposures & emerging risks
Ability to support quantitative risk assessments, risk appetite monitoring, and risk reporting.
Experience using statistical, actuarial, or risk modelling techniques would be advantageous.

2. Internal Model & Capital Modelling Knowledge

Experience supporting risk management frameworks within a Lloyd's, syndicate, insurer, MGA, or consulting environment.
Understanding of insurance risk categories including underwriting, reserving, capital, operational, and exposure management risks.

3. Internal Model & Capital Modelling Knowledge

Experience supporting Internal Model, Partial Internal Model, or Standard Formula/Standard Model environments.
Understanding of model governance, model validation, capital requirements, and regulatory expectations.
Exposure to SCR validation, model change processes, or capital adequacy assessments is desirable.

4. ORSA, Stress Testing & Scenario Analysis

Experience contributing to ORSA production and wider risk management reporting.
Knowledge of stress and scenario testing frameworks, including analysing the impact of adverse risk events on capital and solvency positions.
Ability to communicate quantitative findings clearly to stakeholders.

5. Governance & Technical Reporting

Experience preparing reports, papers, and presentations for governance committees, boards, or senior stakeholders.
Strong written communication skills with the ability to document methodologies, validation findings, and risk assessments clearly and accurately.
Understanding of risk governance processes and committee structures.

6. Stakeholder Management & Collaboration

Proven ability to build effective working relationships across Risk, Actuarial, Exposure Management, Capital Modelling, and wider business functions.
Comfortable engaging with both technical and non-technical stakeholders, including external validators and regulatory-facing teams.
Strong organisational skills with the ability to manage multiple priorities and meet reporting deadlines

About the Company

Davies North America

Global insurance professional services and tech

Davies North America is a global professional services and technology company that began in the UK as an insurance claims manager. It now provides technology, consulting, and legal solutions to clients in regulated industries, including insurance, through managed services, outsourcing, and advisory offerings. The company grows by acquiring other businesses to expand its geographic reach and service capabilities. Its goal is to become a global leader in professional services and technology for regulated industries, particularly in markets like the US, Canada, and Bermuda.

Company size: 5,001-10,000
Company stage: Debt Financing
Total funding: $363M
Headquarters: London, United Kingdom
Founded: 1968

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