Join Starr, a integral leader in commercial insurance with over a century of expertise. We empower our employees to innovate, make impactful decisions, and build lasting client relationships worldwide. At Starr, you'll work in an entrepreneurial culture alongside accessible leaders, leveraging our financial strength and vast industry experience to deliver solutions for our clients, no matter how complex. Grow your career with a rapidly growing company that invests in its people and their ability to drive real progress.

Role Overview

We are seeking a Risk Analyst to support the Company's Enterprise Risk Management (ERM) framework across Europe. The successful candidate will play a key role in the identification, assessment, monitoring and reporting of risks, ensuring alignment with Solvency II requirements, regulatory expectations and the Company's Risk Appetite Framework.

The role will contribute to the preparation of ORSA assessments, risk reporting to Senior Management and Boards, the coordination of risk and control assessments across the business, and the ongoing enhancement of the Company's risk management framework across its European operations. The individual will act as part of the Second Line of Defence, providing independent challenge and support to business functions on risk management matters.

Key Responsibilities

- Support the maintenance and enhancement of the Enterprise Risk Management (ERM) Framework.
- Assist in the preparation and coordination of the Own Risk and Solvency Assessment (ORSA), including risk assessments, stress testing and scenario analysis.
- Monitor Key Risk Indicators (KRIs) and Risk Appetite metrics and escalade material breaches, emerging risks or adverse trends.




- Coordinate periodic risk assessments across business functions and maintain the corporate risk register.
- Support the coordination and facilitation of Risk and Control Self-Assessments (RCSAs), including the review and challenge of risk and control documentation maintained by the business.
- Provide independent challenge to business functions regarding risk identification, risk assessments, control effectiveness and mitigating actions in accordance with the Second Line of Defence model.
- Analyse and report on underwriting, operational, conduct, strategic, regulatory, liquidity and emerging risks
- Support the identification, assessment, reporting and root cause analysis of operational risk events, incidents and near misses.
- Monitor the implementation of agreed risk mitigation actions and provide follow-up reporting on remediation plans and outstanding actions.
- Support the production of risk reports for Senior Management, Boards and Board Committees, ensuring reporting is clear, insightful and focused on key risk exposures.
- Assist in the assessment of outsourced activities and third-party risk management arrangements.
- Assist in the review of new products, business initiatives and strategic projects from a risk perspective.
- Participate in thematic risk reviews and deep-dive assessments of material risks, emerging risks and strategic initiatives.




- Support the monitoring of compliance with Solvency II governance requirements and related regulatory expectations.
- Assist with internal and external audits, regulatory inspections and information requests.
- Monitor relevant developments from EIOPA, national supervisory authorities and other regulatory bodies and assess their impact on the business.
- Support Business Continuity, Operational Resilience and Incident Management processes where applicable.
- Participate in the development and maintenance of risk policies, procedures and governance documentation.
- Promote a strong risk culture across the organisation through awareness initiatives, training, stakeholder engagement and support to risk owners and business functions.
- Contribute to ESG and sustainability risk assessments where required.

Experience & Qualifications

- University degree in Risk Management, Finance, Economics, Mathematics, Actuarial Science, Business Administration or a related discipline.
- 3-5 years' experience in risk management, insurance, internal audit, compliance or another governance, risk or control function
- Experience within the insurance sector and knowledge of Solvency II would be highly desirable.
- Familiarity with ORSA processes, Risk Appetite Frameworks and corporate governance arrangements.
- Understanding of insurance risks, including underwriting, operational, conduct, strategic and regulatory risks.
- Experience preparing management information and Board-level reporting.
- Experience supporting risk assessments, control testing, RCSAs or similar risk management processes would be an advantage.
- Advanced E

📌 Risk Analyst – Europe (Madrid)
🏢 Starr
📍 Madrid