Senior Risk Analyst

We are delighted to be partnering exclusively with a global insurer who are expanding their Risk function. They require a Senior Risk Analyst based in their Birmingham office, two days a week.

Role Purpose:

• Assisting with development and embedding of a fit for purpose risk management framework to enable the business to manage its financial and operational risks, including conduct risk, and adhering to Consumer Duty requirements.
• Assisting the Risk Manager with ensuring that the business adheres to the organisations Group regulatory standards and risk management framework requirements.
• Being a point of contact for the first line Risk Champions to provide guidance and support on risk management activities.
• Assisting in the setting the standards for risk management and promoting a risk centric culture within the business.
• Demonstrating a high work ethic and possess core knowledge and skills to support strategic objectives.

Duties & Responsibilities:

• Assisting with actions and recommendations from all relevant audit reports, including Internal Audit to ensure timely delivery and closure.
• Assisting in the formation of the Risk Management Framework which includes, Risk Appetites, Emerging Risks, Risk Events.
• Providing support in the gathering of risk data and analysing trends for reporting to Board and Audit, Risk and Compliance Committee.
• Supporting the Risk Manager in administrative duties in keeping the risk registers up to date.
• Assisting with risk requests (including from the Group) in relation to adoption of policies, procedures, and other ad hoc risk queries as and when applicable.
• Liaising with internal and external stakeholders to provide support and guidance on risk management.
• Assisting with annual review of the taxonomy, policies, and procedures to ensure they are up to date from a regulatory perspective.
• Assisting in all other tasks, periodic, ad hoc, or otherwise.

Information Security Responsibilities:

• Ensure all work and activities performed in this role adhere to the organisation's information security policies, standards, and procedures.
• Proactively identify and mitigate information security risks associated with assigned duties and responsibilities.
• Participate in regular security awareness training and apply best practices for securing data, systems, and applications.
• Report any suspected security incidents, vulnerabilities, or policy violations to the information security team immediately.
• Support the Information Security program, understand and manage information security responsibilities delegated to your department, ensure team comply with all Information Security policy and procedure, report on team performance against security training requirements. (Managers only).

Required Skills & Experience:

• Previous experience in developing and embedding risk frameworks within the insurance sector.
• Excellent knowledge of the Risk Management Cycle.
• Experience with risk analysis and reporting.
• Analytical mind with problem-solving aptitude.
• Excellent communication and presentations skills.
• A proactive approach to work, in terms of suggesting changes and improvements to processes and systems.
• Commercial awareness and the ability to understand broad business issues.