Underwriting Manager: Financial Risk Solutions

Country: United Kingdom of Great Britain and Northern Ireland

Creation Date: 12-Jan-2026

Employment Type: Permanent

Employment Type: Full time

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Department:
Financial Risk Solutions

Team:
Financial Risk Solutions

Location:
London

Type:
Permanent

About the Role:

FRS are looking for a highly motivated candidate to join our market-leading credit & political risk franchise. The successful candidate will take a leadership role within the London business, spanning the Short-Term Trade Solutions, Credit Solutions and Political Risk Solutions pillars.

We offer a wide product set to a diverse range of financial institution and corporate clients and are looking for a new senior team member to help grow these products and relationships. Alongside underwriting the role will encompass acting as a referral point for more junior team members, managing, training and developing people, strengthening client and broker relationships and supporting the Head of London Markets on the overall management of the regional FRS business.

We recruit from a wide range of backgrounds and offer a dynamic, challenging and innovative environment as part of an industry-leading team.

About the Department & Team:

Financial Risk Solutions (FRS) underwrite credit and political risks on Company insurance paper and through Lloyd’s of London. These risks relate to non-payment and non-performance of private and public sector counter parties, and political perils such as expropriation or confiscation of assets by foreign governments, export embargo, forced abandonment, war etc. Cover is offered in both a single-risk and portfolio structure. FRS clients are banks, corporates, trading companies, export credit agencies and multilaterals.

FRS is a global business; we have regional underwriting hubs in the US, London, Paris and Singapore supported by three global product pillars - Short Term Trade Solutions, Credit Solutions and Political Risk Solutions.

Key Responsibilities:

• Managing a team of high performing underwriters with a key focus on training and development.
• Rigorously underwrite a wide range of complex insurance risks in accordance with the business plan and personal authority, including negotiating rates, terms and conditions for existing and new business
• Act as a referral point for the London team on deal escalations, wording negotiations and challenging client/broker conversations.
• Take responsibility for specific client and broker engagement strategies. Establish and strengthen relationships with clients, brokers, industry bodies and internal colleagues to support continued business development.
• Assist in positioning the FRS portfolio to reflect emerging risks, market dynamics, market cycles and trends in wordings and terms & condition to drive and enhance business performance.
• Participate in the review and analysis of the portfolio to identify areas of risk concern and new business opportunities together with Country, Credit & Portfolio Risk Management.
• Motivate the London team by demonstrating good leadership behaviours and strong work ethic. Contribute to and participate in team meetings in order to share and develop knowledge, risk awareness and best practice.
• Maintain expertise and knowledge through appropriate development opportunities.
• Interact with other functions in our Integrated Business Unit, e.g. Actuarial, Reserving, Claims, Finance, Operations, Compliance etc
• Ensure entries are properly recorded in relevant systems in a timely manner whilst ensuring accuracy of data in relation to both underwriting and aggregate exposures. Apply reinsurance requirements in accordance with business plan and reinsurance treaty.
• Adhere to all applicable internal and external laws, regulations, policies, procedures, guidance and best practice methodology in order to minimise risk.
• Adhere to all relevant regulatory requirements forms part of your role, and the demonstration of behaviours as set out in the Conduct Risk Policy, as they relate to your role, is core to LSM's commitment to our Liberty Values, placing customers at the centre of our business and behaving with integrity.
  
  LSM expects you to understand your responsibilities relating to all regulatory and internal requirements, and to proactively demonstrate compliance with these requirements and behaviours at all times. These requirements include the Senior Managers and Certification Regime Conduct Rules ,Solvency II, fair treatment of customers, Financial Crime, Data Protection, Conflicts of Interest, and Whistleblowing

Skills and Experience:

• Experience working in the Financial Services sector, preferably in a leading credit risk underwriting or broking franchise, front office/credit/loan syndication function at a commercial or investment bank, or in a Public Agency engaged in credit risk insurance or direct lending function.
• Demonstrable expertise in the assessment and pricing of credit risk and political risk with proven abilities in credit analysis.
• Understand the drivers of Financial…