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Jaymin

Jaymin

2008

Jaymin joins the Risk Analysis team within Risk Management. He is essential in helping to maintain and develop the Lloyd's Risk & Control Framework and the monthly Syndicate Risk Matrix.

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Something about the department

The Exposure Management team is responsible for understanding and managing market aggregation risks, and alerting the market to emerging risks. The team defines the realistic disaster scenarios (RDS), which provide the Franchise with an informative view of aggregation risks within both the syndicates and the market.

All work and no play

Posted on Thursday, January 22nd, 2009 at 12:55 pm

My work in the team in Risk Management is mainly project based, and I thrive on juggling several projects at a time. That was another reason to apply to the department.

I’m able to use my knowledge and skills in a variety of different contexts, allowing me to interact with a lot of different people across both the corporation and market.

To give you an idea of the types of projects I am involved in here’s a brief description of each.

—Risk Culture: I’ve been involved in launching risk culture initiatives across the Corporation, including the launch of the Risk Policy, developing the intranet site and helping with the delivery of the risk culture plan.

—Environment Scanning: I’ve set up the environment scanning process and system that allows the Risk Analysis team to review publications and reports, both internal and external, so as to take an even more pro-active approach toward risk, and to verify the way Lloyd’s views emerging risks.

—Business Continuity Planning (BCP) Exercises: I have worked with the BCP team in participating in the Crisis Communications and Management exercises. I was part of the scenario cell that was in charge of testing the capabilities of both the communications and management teams in a crisis situation.

—Syndicate Risk Matrix: I’ve taken ownership of ensuring that the management information syndicate packs are put together for the meetings attended by key senior Lloyd’s managers, and ensure the internal system feeding the information is maintained.

—I’ve also undertaken a retrospective analysis of syndicates and risk categories against Lloyd’s key risks to take a pro-active approach toward potential issues and to help with risk appetite setting.

—Lloyd’s Risk and Control Assessment (LRCA): I will be given responsibility over a portfolio of risk areas that will involve me managing a relationship with risk, control and action owners to ensure the robustness of the LRCA.

—Emerging Risk: I will be involved with the Emerging Risk team in increasing the awareness, attitude and behaviour of the market towards emerging risk, going out to meet with managing agents in the market and producing analysis on the findings.

—Individual Capital Assessment (ICA): I’ll be in charge of completing part of the non-modelled risk elements of the Lloyd’s Society ICA, and improving the robustness of the scenario analysis process and to ensure that it is embedded in the business as opposed to sole use for ICA purposes.

I’ve also been involved in other ad hoc pieces of work, some of which have helped me develop my personal areas of weakness. From my assessment centre feedback I was told my presentation skills could be developed so I put myself forward for a graduate recruitment talk.

The graduate recruitment drive gave undergraduates the opportunity to network with people from Lloyd’s and answer any questions they had. Lloyd’s had hired out a screen at the Barbican to show the new James Bond Quantum of Solace film, but before Daniel Craig took centre stage I’d be talking to them.

It was a daunting task to stand in front of 250 undergraduates and members of Lloyd’s and talk about my experiences so far and how I am enjoying working for Lloyd’s, but I got there in the end.

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I’m trying to get involved in as many things as possible while on my placement so I can draw on a broad experience when I move on in three months, hopefully gaining a clearer picture of the types of things I’d like to be involved in once I finish the scheme.

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