Senior Risk Analyst/ Actuary
London
Permanent role (Hybrid)
About QBE
At QBE, we get to the heart of what matters for our customers – and we do it all with a human touch.
We’re an international insurer and reinsurer with more than 13,000 people working across 26 countries, which means we’re big enough for your ambitions, yet small enough for you to make a real impact. It’s an exciting time at QBE as we continue to build momentum towards our vision of becoming the most consistent and innovative risk partner.
What if you could have a positive impact – at work and in the world? As part of the QBE team, you’ll work alongside people who are passionate, talented and kind.
The opportunity
We’re looking for a Senior Risk Analyst/ Actuary to join our Risk Challenge team in London on a permanent basis.
This is a fantastic opportunity for someone with a strong quantitative background who is curious, keen to learn and motivated by adding real value to the business. The role offers exposure across a broad range of risk management activities, providing second line challenge to the business and partnering closely with stakeholders across QBE.
The role would suit a professional with a strong analytical background and appetite to broaden their exposure within a risk function. For example, a nearly/newly‑qualified actuary with experience in risk, reserving and/or capital modelling, or an individual with an accountancy finance background.
Your new role
In this role, you’ll deliver a wide range of risk management initiatives, reporting and challenge activities, acting as a key member of the Risk Challenge team. You’ll apply your technical and analytical skills to provide robust insight and effective second‑line challenge, supporting better decision‑making across the business.
You’ll work closely with stakeholders across multiple functions, building strong relationships and becoming a recognised point of contact within Risk. Alongside this, you’ll support, and in some cases lead, the delivery of key risk reporting and represent Risk at relevant forums as required.
Main responsibilities
Deliver insightful risk management activity, being curious and tenacious in identifying insights that support sound business and risk decisions
Provide effective second‑line challenge to a range of business functions, engaging constructively with stakeholders across QBE
Apply actuarial or quantitative expertise to deliver agreed risk management activities, aligned to priorities set with your line manager
Support, and where appropriate lead, the delivery of key risk reporting to agreed quality and governance standards
Analyse quantitative risk areas including, but not limited to, Insurance Risk, Credit Risk and Market Risk
Represent Risk at relevant forums, providing appropriate, proportionate and value‑adding challenge
Contribute to independent validation activities, such as capital model validation under Solvency II, and risk reviews of the business plan
Collaborate closely with colleagues across the Risk function and other assurance teams to ensure a joined‑up approach
Actively role‑model strong risk behaviours and promote effective risk management discipline across the business
Support people development within the team, including training junior analysts and sharing knowledge across the Risk function
About you
You’ll have a strong quantitative background and experience working within an insurance environment, ideally within a risk, actuarial, finance or analytical function. You’ll be naturally curious, comfortable challenging constructively and motivated by learning and development.
You’re someone who enjoys engaging with stakeholders, asking thoughtful questions and translating data into meaningful insight. You’ll be keen to broaden your exposure across risk disciplines and make a tangible impact on how the business understands and manages risk.
Skills and experience you’ll need:
A quantitative background, such as an actuary or accountant (nearly or newly qualified), or similar, with at least 3 years’ experience in insurance
Experience working within general insurer writing business through Lloyds is preferred.
Background in risk, actuarial, finance, reserving or capital modelling is desirable
Ability to analyse data and provide clear, actionable insights
Stakeholder engagement and relationship‑management skills, with the ability to influence and challenge constructively
Excellent communication and presentation skills, with the ability to articulate key messages clearly
Good organisational skills and the ability to operate at pace
Knowledge of risk management processes, language, tools and systems
Understanding of internal models and related processes is advantageous
Report‑writing skills and attention to detail
Good IT skills, including Microsoft Excel capability
Benefits
We offer a range of benefits to help provide holistic support for your work life, whatever your circumstances. As a QBE employee you will have access to and benefit from:
30 days holiday a year with the option to buy up to 2 additional days.
Flexible working - balancing work and life is important so our flexible working opportunities are open to all, this can include part-time, job share and compressed hours.
Pension – you are automatically enrolled into the QBE pension plan, which entitles you to receive employer contributions of 10% of your basic salary.
Private medical insurance – we fund fully comprehensive private medical cover for you and all the family.
Family friendly policies – we offer 26 weeks leave at full pay regardless of gender identity, sexual orientation or how you become a parent.
Short term remote work abroad - you can request up to 20 days per year to work remotely from certain locations abroad.
Sustainable investing - we believe sustainable integration is important for long term financial, environmental, and social outcomes. Our pension strategy supports our net-zero goal to achieve year-on-year reductions in carbon footprint, by investing more in green businesses than the broader market, so your savings are looking after the planet's future, as well as your own.
Cycle-to-Work – benefit from regular exercise whilst making your commute greener and cheaper, select and bike and/or accessories up to the value of £5,000.
To find out more visit our Rewarding our people - QBE European Operations
#LI-Hybrid
Awards & Recognition
We value our employee’s experience with us and are proud to have been recognised for the following awards:
Winner of Excellence in Diversity, Equity & Inclusion Award 2025 at the Insurance Business Australia Awards for our Respect@QBE program
Insurance Post British Insurance Awards 2025: Winner: Commercial Lines Insurer of the Year,
Winner: Reinsurer of the Year - QBE Re, Winner: ESG, Diversity, Equity and Inclusion Initiative of the Year, Winner: Insurance Personality of the Year - Chris Wallace, Executive Director UK insurance
AXCO Global Insurance Awards 2024 Winner: Network Management of the Year
Insurance Business UK 5-Star Cyber Awards 2024: QBE rated as a 5-Star Cyber Insurer
UK IT Industry Awards 2023 Winner: Green Technology Innovation of the Year
Working Dads Employer Awards 2023 Winner: Parental Policies Award
Insurance Post British Insurance Awards 2023: QBE rated as a 5-Star Employee
You can view all our awards here
Apply now and let’s make it happen!
If you’re looking for a career that combines your expertise and your empathy, click Apply today.
Your career. At the heart of it.
Skills:
Analytical Thinking, Commercial Acumen, Critical Thinking, Customer Service, Detail-Oriented, Enterprise Risk Management (ERM), Financial Markets, Financial Modeling, Intentional collaboration, Managing performance, Process Improvements, Risk Management, Risk Mitigation Strategies, Stakeholder Management, Strategic ManagementHow to Apply:
To submit your application, click "Apply" and follow the step by step process.
Equal Employment Opportunity:
QBE is an equal opportunity employer and is required to comply with equal employment opportunity legislation in each jurisdiction it operates.