Risk Analyst – Europe (ERM & ORSA)

About the role

Starr, a global commercial insurer with over a century of experience, is looking for a Risk Analyst to support its Enterprise Risk Management (ERM) framework across Europe. The role sits in the Second Line of Defence, identifying, assessing, monitoring and reporting risks in line with Solvency II, regulatory expectations and the company's Risk Appetite Framework. It also contributes to ORSA preparation, risk reporting to Senior Management and Boards, and the coordination of risk and control assessments.

Key responsibilities

• Maintain and enhance the ERM framework and coordinate periodic risk assessments and the corporate risk register
• Assist with the Own Risk and Solvency Assessment (ORSA), including stress testing and scenario analysis
• Monitor KRIs and risk appetite metrics, escalate material breaches and emerging risks
• Coordinate Risk and Control Self-Assessments (RCSAs) and provide independent challenge to business functions
• Analyse and report on underwriting, operational, conduct, strategic, regulatory, liquidity and emerging risks, and operational risk events and near misses
• Follow up on risk mitigation actions and remediation plans
• Produce risk reports for Senior Management, Boards and Board Committees
• Assess outsourced activities, third-party risk, new products and strategic projects from a risk perspective
• Take part in thematic risk reviews, support compliance with Solvency II governance, assist audits and regulatory inspections, and monitor EIOPA and national supervisors' developments
• Support Business Continuity, Operational Resilience and Incident Management, and promote a risk culture through training and awareness

Required profile

• University degree in Risk Management, Finance, Economics, Mathematics, Actuarial Science, Business Administration or a related field
• 3-5 years of experience in risk management, insurance, internal audit, compliance or a governance, risk and control function
• Insurance experience and knowledge of Solvency II highly desirable
• Desirable: professional qualification in Risk Management or Internal Audit, knowledge of multinational insurance structures, and experience with multiple European jurisdictions and regulators

Required skills

• Good understanding of Solvency II governance, the Three Lines of Defence model and RCSAs
• Familiarity with ORSA, stress testing and scenario analysis, and operational resilience and third-party risk
• Advanced Excel; Power BI and data analytics tools are an advantage
• Experience preparing management information and Board-level reporting, and supporting risk assessments and control testing is an advantage