FAQs
What are the primary responsibilities of the Risk Management Advisor?
The primary responsibilities of the Risk Management Advisor include collaborating with the Global Head of Risk Management to enhance the firm's central risk management framework, conducting risk assessments, keeping analyses of principal risks updated, drafting periodic risk reports for management, horizon scanning for emerging risks, tracking key risk indicators, producing training materials, leading lessons-learned exercises, supporting global Risk Partners, assisting with insurance program placements and renewals, and managing inquiries related to professional indemnity and general insurance issues.
What qualifications or experience are required for this role?
The ideal candidate should have relevant experience in the professional services sector, as a risk professional or a qualified lawyer with in-house experience in risk, regulatory, or insurance fields. Strong analytical, organizational, and communication skills are essential, along with the ability to liaise effectively across various levels of staff and inspire confidence in senior management.
What skills are essential for succeeding in the Risk Management Advisor position?
Essential skills for the Risk Management Advisor include strong analytical and organizational abilities, attention to detail, effective written and oral communication, the ability to draft complex information succinctly, teamwork, resourcefulness, initiative, and the ability to work autonomously. The candidate should also be able to think quickly, learn swiftly, prioritize tasks, and remain calm under pressure.
Will the Risk Management Advisor be required to travel?
The job description does not explicitly mention travel requirements; however, the Risk Management Advisor may need to liaise with international offices, which could imply occasional travel may be necessary.
What strategic support will the Risk Management Advisor provide to the global network of Risk Partners?
The Risk Management Advisor will support the global network of Risk Partners by answering specific risk-related questions and providing general risk-related materials that they can share with their respective offices and teams.
How will the Risk Management Advisor contribute to the firm's professional risk insurance program?
The Risk Management Advisor will assist with the placement and renewal of the firm's global professional risk insurance program, including preparing necessary documentation for renewals, responding to underwriters' queries, and liaising with international offices regarding local policies.
What type of training and communication responsibilities does this role entail?
The Risk Management Advisor will contribute to the production and roll-out of compelling risk-related training and communications materials, ensuring that all stakeholders are well-informed about risk management practices and developments.
How does this role involve the management of claims and complaints?
The Risk Management Advisor will be responsible for maintaining claims and complaints records for reporting to insurers and regulatory bodies, as well as identifying trends related to claims and complaints.
What internal issues will the Risk Management Advisor handle?
The Risk Management Advisor will handle internal inquiries relating to general insurance and professional indemnity matters, assisting in the resolution of these issues and providing advice on client terms and other insurance-related queries.
What attributes are crucial for building effective relationships at all levels within the firm?
Attributes such as confidence, presence, diplomacy, reliability, flexibility, and the ability to inspire confidence in senior management are crucial for building effective relationships within the firm.