Risk Modellers

Role Profile: Compliance and Risk Apprentice  

This is an exciting opportunity to join the McGill and Partners Apprenticeship Programme as our first Compliance and Risk Apprentice! Our Programme is designed to help you gain practical work experience and core skills that will enable you to build a long-term career within the firm. Not only that, but you will also have an opportunity to join a dynamic, collaborative team as well as learn from talented colleagues.

We welcome applications from both School Leavers and Graduates on this programme, and we are looking for individuals who have a genuine curiosity in developing their career within the insurance broking market.

Responsibilities:

• Provide day to day administrative support to the Compliance and Risk team across a wide range of areas.  Role to be split c.75% Compliance and 25% Risk.
• Support with responding to colleague queries via the central Compliance mailbox.  This will include KYC/onboarding referrals that come into Compliance for review and approval
• Support in maintaining compliance registers (such as gifts, entertainment and hospitality, conflicts of interest and breaches)
• Support in arranging compliance inductions and training for colleagues, including monitoring
• As required, data gathering, regulatory horizon scanning and report preparation
• Support ongoing risk activities, such as risk registers, controls oversight and data collection for reporting purposes
• Support with Ad-Hoc projects as required.
• Work towards your ICA (International Compliance Association) Professional Qualification (level dependent on whether you are a School Leaver or Graduate level applicant).

What we are looking for:

• Agility and aptitude to work in a fast-moving environment
• Planning and organisational skills – ability to adapt and prioritise own workload
• Strong written and verbal communication skills
• Attention to detail
• Diligence and ability to work to strict deadlines within a pressurised environment
• Technically able to learn new systems quickly and have a good understanding of Microsoft suite: Office, Word, Excel, PowerPoint, etc.
• Good communication skills

Minimum requirements

• GCSEs grade 9-4 or A-C (level 2 and above) in Maths and English
• 3 A-Levels or equivalent qualifications
• A degree in any field (optional)

Programme Start Date:

15th September 2025

Application Closing Date:

14th March 2025

McGill and Partners embrace a culture that celebrates and promotes the many backgrounds, heritages and perspectives of our colleagues and clients. We want to attract, retain and develop diverse talent at all levels. This means recruiting from the widest possible pool of talent, removing barriers that can prevent our people from reaching their full potential, and fostering a fully inclusive environment which maximises collaboration and empowers everyone at McGill and Partners to bring their whole selves to work.

Programme Overview

Starr Companies have a number of internship opportunities available for Summer 2025. One of these being with our Compliance & Risk team. The successful candidate will participate in Starr’s 9-week internship programme, with the objective of the programme being to gain experience and exposure to the London insurance market. This will be achieved through a blended approach of on-the-job learning, self-study and tailored training courses.

The successful candidate will work with both teams on a number of areas including contributing to the capital model validation exercise, updating the risk management system, conducting checks of data quality, sending out requests to the business to respond to open actions, or issues and ensuring other data sources in Excel or other systems is up to date.

What you will need for the programme?

At Starr we look for individuals from all backgrounds who can bring fresh thinking and different perspectives. To qualify for our internship programme we do however specify that candidates demonstrate the following:

Available to work and travel:
– Able to travel to the City of London (although it is likely the internship will be a mixture of both remote and office working), their first day being Monday 23 June;
– Right to Work in the UK (Company sponsorship will not be offered); and
– Available for the entire 9 weeks (Monday 23 June 2025 – Friday 22 August 2025).
Education and Experience:
– Interested in a career in insurance; and
– Ideally studying a numerical degree such as risk, mathematics, finance, accounting, business, or economics.
Skills and Aptitude:
– Strong numeracy skills;
– Strong attention to detail skills;
– Strong verbal, written and interpersonal skills;
– Ability to organise and manage their time;
– A self-starter who takes accountability for their work; and
– IT skills – MS Office – Advanced level Excel, Word and Outlook.

How to apply:

– Submit your CV.

Risk graduate programme

Assessing and managing risk is at the heart of what we do as a leading speciality insurance and reinsurance group.

Our 24 month programme provides a unique opportunity to experience each of our key risk departments. You’ll dive into complex and comprehensive techniques for analysing, modelling, monitoring, reporting, and mitigating risks.  Placements with our Risk Management, Exposure Management and Capital Modelling will develop your expertise across our Risk Function:

Risk Management

Help develop key areas of our risk framework as we look to continuously improve our risk processes, and explore in detail specific topics or business concerns such as geopolitical events or new regulation to understand the risks posed to Chaucer. 

Capital Modelling

Work with our stochastic models to determine funding for our (re)insurance business. Produce model outputs and management information to help teams like Pricing, Investments, Risk Management, and Reinsurance in understanding our business’s risk profile.

Exposure Management team

Through modelling and analytics you will help the business measure and understand the accumulation of exposure, and what losses could occur as a result of catastrophic events like earthquakes or hurricanes

The combination of this experience, along with the training and support we offer, will enable you to accelerate your career and develop into a well-rounded Risk professional.

Why Chaucer

We empower our people to excel. Our people are a team of leaders. Experts in their fields, top performers – who collaborate, without hierarchy. Together we’ve created an exciting and successful business, and we know that it’s our people who define and drive this success. That’s why the growth, development and wellbeing of our employees is so important to us. We work hard to make sure careers at Chaucer are challenging, inspiring and rewarding and that the environment is ambitious and supportive.

Location: London, at our offices in the Scalpel building in the heart of the city.  We offer hybrid working, with a mix of office and home days that works for you and the team.

What we offer:

£33,000 with extra qualification rewards

26 days holiday plus option to buy or sell to meet your needs

2 year fixed term contract with the opportunity to apply for permanent roles at the end

Enjoy excellent benefits such as private medical insurance, pension, season ticket loan, and flexible options with a £175 monthly allowance for tech products, gym membership, cycle-to-work schemes, or charitable donations.

You also get 2 CSR days where you get the opportunity to make a really difference to local communities and charities that matter to you.

Your Development – You’ll get

– Challenging, stretching and rewarding work right from the start in each area of our Risk teams

– Our full support and guidance to achieve your Level 4 Insurance Professional apprenticeship standard which incorporates the DIPCII qualification.

– A personalised development plan to support your professional and soft skills development

– An in-house experienced buddy and mentor, to help show you the ropes and support you on your journey

– lots of opportunities to get involved in groups outside of your day to day work to grow your network, learn from others and give back to the community through our CSR initiatives.

After the programme

At the end of the programme, you will have the opportunity to apply for a permanent role in one of our teams that interests you, as an analyst, modeller or risk manager. We want to continue to grow our talent and will support your development as an expert in your field and your professional qualification in Insurance or Actuarial if you move into the Capital modelling team.

Is it the graduate programme for you?

• Love working with numbers?
• Enjoy working through complex analytical information and problems and getting stuck into a challenge?
• Passionate about technology?
• Are you able to communicate the complicated in a simple way?
• Do you enjoy working collaboratively and building strong relationships?

If this sounds like you, and you want to continuously learn and go the extra mile this is the programme for you.

What you need

– Unrestricted right to work in the UK

– A minimum 2.2 degree in any discipline

– 3 or more A-Levels or equivalent (A-C) (ideally with a STEM subject)

– GCSE in Maths and English – grade 4 (C) or equivalent

– Excellent IT skills, including Microsoft Excel

At Aon, we shape decisions for the better to protect and enrich the lives of people around the world. As an organisation, we are united through trust as one inclusive, diverse team, and we are passionate about helping our colleagues and clients succeed.

Catastrophe Modelling at Aon

Catastrophe analytics allows insurers and reinsurers, financial institutions, corporations, and public agencies to evaluate and manage natural and human-made catastrophe risk from perils ranging from earthquakes and hurricanes to floods, wildfires and cyber.

Catastrophe analysts come from a wide range of backgrounds in science, economics and engineering and perform risk quantification using a wide range of commercial models as well as internal tools developed by Aon.

Our graduate colleagues will learn how to use an Aon’s risk quantification tools, interpret results, and present to internal and external customers. We also offer the opportunity to experience some degree of specialisation by rotating though some of the more focussed teams like cyber, model development or model evaluation where models, methodologies and outputs get tested and peer reviewed.

Your role as a Catastrophe Modelling graduate

Within our Catastrophe Modelling Graduate programme, we recruit graduates into one of the three following specialist teams:

Catastrophe Management

A highly analytical role embedded within a commercially focused team. Working within a large team of Catastrophe Modellers across UK and India who have a wide range of technical skills: Meteorology, Hydrology, Structural Engineers, Statisticians, Programmers. A highly collaborative environment enabling you to engage with commercial aspects of the reinsurance placement.

What your day could look like

• Running catastrophe models to quantify the likelihood and severity of natural catastrophes for current and future climate: including hurricanes, floods, earthquake, tornadoes, terrorist attacks.
• Interpreting client exposure data and processing it into a format suitable for use in catastrophe models.
• Undertaking sensitivity testing to help clients understand impact of data quality, data and modelling assumptions and any planned portfolio change.
• Event-Response – provide up-to-date information to clients helping them quantify the impact of ongoing/recent catastrophes e.g. Hurricane Ian.
• Collaborating with academic and industry partners to validate and create innovative solutions for the (re)insurance market.
• Working closely with the model evaluation team to revise and challenge existing catastrophe models to deliver client views of risk that is more relevant to their business.
• Contribution to the development of new Impact Forecasting models e.g. freeze models.

Catastrophe Cyber

You will be part of the Global Cyber Practice group alongside broking and analytics colleagues, with team members based in the UK and North America. It is a friendly and collaborative team made up of technical specialists with backgrounds in Actuarial Science, Catastrophe Modelling and IT Security. Our job is to support our clients to grow and manage their cyber risk insurance portfolios, with our analytical insights.

What your day could look like

• Work with cyber insurance datasets and cyber catastrophe risk models to generate analytical insights for our clients (cyber insurance companies).
• Support team efforts to develop and maintain our global data sets and suite of analytics offerings.
• Evaluate and validate cyber models, including sensitivity testing, model methodology review.
• Contribute to client relationship management including preparing presentations.
• Carry out research, work with colleagues and research partners to provide clients insights into latest cyber catastrophe risk.
• Responsibility for working in accordance with the Aon UK Limited Risk Management Framework, and compliance with the Aon UK Limited policies, including participation in the management of risks (including completion of required training) that may adversely affect the business, interests or reputation of any Group Company.

Catastrophe Evaluation/Research

You will be part of a global team with team members based in the UK, India, Singapore, Japan and Australia. It is a friendly and collaborative team made up of technical specialists with backgrounds in Natural Catastrophe Modelling and peril specialisms such as Meteorology, Hydrology, Geology and Structural Engineers.

What your day could look like

• Event-Response – Provide up-to-date information to colleagues and clients on Natural Catastrophes around the world.
• Evaluating and validating vendor & internally developed Natural Catastrophe Models.
• Reviewing model methodologies.
• Test model sensitivities to input variables.
• Validate model components using third party data.
• Identify and educate stakeholders on model strengths and weaknesses.
• Evaluate climate change components of Natural Catastrophe Models and other climate analytics providers.
• Analyse claims experience and incorporate into a view of risk.
• Build solutions to quantify the climate change influence on Natural Catastrophes.
• Work with research partners to provide clients insights into latest Natural Catastrophe risk.

We have opportunities available in three different teams within the Catastrophe Modelling Graduate stream. Please review the information on each team and select your first-choice preferred team should you be successful. Please note that where possible, we will try to consider you for your first-choice preference, however we cannot guarantee your first choice due to availability of roles. If your first choice is unavailable at the time of your Assessment Centre, we will also consider you for the other teams.

Your development

As an Aon Graduate, you will be enrolled onto our Launch Programme when you join. This development programme is built around 3 core elements:

• Business learning – on the job learning and experiences giving you the opportunity to develop your knowledge and understanding of the team and solution line you have joined.
• Centralised learning – UK graduates complete in an Aon Induction, monthly webinars, business skills training and workshops; all designed to help you develop your knowledge of Aon, build your confidence and your network across our business.
• Professional Qualifications – we want you to be as successful as possible, so through our Go Further Apprenticeship programmes, we’ll fully support your study towards the level 4 Diploma in Insurance from the CII (Chartered Insurance Institute). To support you as you study for your exams, you’ll receive paid study leave, plus an extensive range of study and tuition materials.

Your career beyond your Graduate programme

Once you’ve completed the formal graduate programme, you’ll continue to receive lots of support at Aon. As well as continued technical and business skills training, you’ll receive support for your professional qualifications. To aid your professional development you’ll receive regular performance feedback, and work with your line manager towards promotions, enabling you to progress.

Next steps

If you are interested in this graduate programme and would like to apply, here are some things to help you:

Entry requirements

• You will need to have or be on track to achieve a 2:1 degree (or equivalent) in mathematics/statistics, finance/economics, sciences/technology, or similar quantitative field
• Programming skills (ideally in Python or R)
• Desirable qualifications include a PHD / master’s degree, or equivalent experience.

Our Graduates are on permanent contracts from day one, so applicants for this programme must be eligible to work in the UK without the need for visa sponsorship now or in the future; or you have pre-settled or settled status from the EU Settlement Scheme – or if you have applied and you’re waiting for a decision.

What are we looking for?

• Logical thinking and problem-solving abilities
• Attention to detail
• Good communication skills, particularly being able to present complex ideas in a simpler, more understandable way
• A self-starter that can take the initiative, work independently when needed but can also work collaboratively in a team environment
• Commercial awareness – this helps us to provide support and advice to our clients with clarity and confidence
• Cyber: Curiosity and enthusiasm about being at the forefront of the emerging area of cyber catastrophe risk quantification

Locations

Here are the locations where we have graduate opportunities this year: London

We recognise the value for our Early Career colleagues of being in the office environment from the beginning of their programme. As a new graduate, you will spend the first 6 months based in the office to support your learning, development, and progression. This will enable you access to support from managers, collaborate with colleagues as well as grow your network across Aon. After completing this initial training period, you will then have the opportunity to work more flexibly, spending at least 3 to 4 days face to face in the Aon office or with clients.

How we support our colleagues

In addition to our comprehensive benefits package, we encourage a diverse workforce. Plus, our agile, inclusive environment allows you to manage your wellbeing and work/life balance, ensuring you can be your best self at Aon. Furthermore, all colleagues enjoy two “Global Wellbeing Days” each year, encouraging you to take time to focus on yourself.

Our continuous learning culture inspires and equips you to learn, share and grow, helping you achieve your fullest potential. As a result, at Aon, you are more connected, more relevant, and more valued.

Aon values an innovative, diverse workplace where all colleagues feel empowered to be their authentic selves. Aon provides equal employment opportunities to all employees and applicants for employment without regard to race, colour, religion, creed, sex, sexual orientation, gender identity, national origin, age, disability, veteran, marital, domestic partner status, or other legally protected status.

We provide individuals with disabilities reasonable accommodations to participate in the job application or interview process, to perform essential job functions, and to receive other benefits and privileges of employment in accordance with applicable law. If you require any reasonable accommodations or adjustments, please contact graduates@aon.co.uk and a member of the UK Early Careers team will contact you.

THE ROLE

Beazley is a specialist insurance company with over 30 years’ experience helping people, communities, and businesses to manage risk all around the world. Our mission is to provide beautifully designed insurance, innovating to give our clients the maximum benefit with minimum hassle. Our products are wide ranging, from cyber & tech insurance to marine, healthcare, financial institutions, and contingency, covering risks such as the weather, film production or protection from deadly weapons.

Our Culture

We employ over 2,000 people globally, hosting a wonderful diversity of cultures, experiences, and backgrounds. We are proud of our family-feel culture at Beazley that empowers our staff to work from when and where they want, in an adult environment that is big on collaboration, diversity of thought & personal accountability.

Our three core values inspire the way we work and how we treat our people & customers – 1) Be bold 2) Strive for better 3) Do the right thing. Upholding these values every day has enabled us to become an innovative and responsive organisation in touch with the changing world around us – our ambitious I&D & Sustainability targets are testament to this.

Early Careers at Beazley

From spaceships to subsea ships and from major sporting events to celebrity concerts, specialist insurance is an exciting place to be. Beazley is the largest Lloyd’s syndicate, and the market leader in products such as Cyber – you can read our full story back on the main Early Careers Academy Page.

There’s no better place to launch your career! All programmes have been designed by respected senior leaders who sponsor the programmes and you – setting you up for continued success. All programmes have personal and professional development built in, and a fantastic support network set-up to help you thrive.

We’ll welcome you to the family and to show our commitment to you, you’ll start as a full-time Beazley employee from day 1. This entitles to you all our renowned benefits, from free lunch and reimbursed office travel to flexible religious holidays and private medical cover.

Our non-hierarchical structure and friendly culture make Beazley a fantastic launchpad for your career – we can’t wait to welcome you!

Want to be part of our Risky Business?

Kick start your career as a Risk & Compliance Graduate, where you’ll support Beazley’s commercial strategies, tackle diverse challenges and protect our business. In a dynamic and supportive environment, you can make a meaningful impact while developing the skills to become a future leader.

The Risk and Compliance team at Beazley is responsible for managing risk and ensuring regulatory compliance across our global organization. We work closely with the business functions as their trusted partners to safeguard our business, develop and embed mature risk & compliance frameworks and culture across the group.

The Risk & Compliance Graduate Programme is a 24-month immersive learning experience designed to provide participants with the knowledge and experience needed for a successful career as a Risk & Compliance Officer at Beazley.

Risk & Compliance impacts every area of Beazley, involving individuals from a wide range of backgrounds, skills and disciplines who are both knowledgeable and passionate about their work. If you excel at building relationships and communicating, are diplomatic and adaptable, inquisitive and eager to embrace challenges and change, then this could be the perfect fit for you.

Members of this graduate programme will participate in three training rotations between Risk Management, Compliance and Second Line Assurance. Following the successful completion of the programme, graduates will move into a full-time role in either in the Risk Management or Compliance team.

If you enjoy a dynamic and challenging environment, and want to make an impact our Risk & Compliance teams want to find out more about you.

Professional Development Information

Alongside the Beazley UK Early Careers Academy Development offering, you will also work on development and progression pathways specific to your chosen programme.

Beazley will support you in achieving an International Compliance Association Qualification.

Upon completion of the 2-year programme, graduates will move to either Risk Officer or Compliance Officer role.

Entry Criteria

2:2 degree or above in any discipline any university.

UK Application Process

Our application process is designed with you in mind, we aim to make the process as interactive and as two-way as possible- we want you to get to know us as much as we get to know you!

All stages are designed to assess your future potential – not any experience you may or may not have. Behind the scenes we also undertake adverse impact testing at each stage to ensure that our processes are fair and equitable. If you have any adjustment requests, you can let us know at any time. Best of luck!

Don’t meet all the requirements? At Beazley we’re committed to building a diverse, inclusive, and authentic workplace. If you’re excited about this role but your experience doesn’t perfectly align with every requirement in the JD, we encourage you to apply anyway. You might just be the right candidate for this, or one of our other roles.