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 risk requests (including from the Group) in relation to adoption of policies, procedures, and other ad hoc risk queries as and when applicable.
* 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.
* 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.
Required Skills & Experience:
* Previous experience in developing and embedding risk frameworks within the insurance sector or fiancial services/banking sectors.
* Experienced in writing policies, procedures, and other ad hoc risk queries as and when applicable.
* Excellent knowledge of the Risk Management Cycle.
* Experience with risk analysis and reporting.
* Analytical mind with problem-solving aptitude.
* Excellent communication and presentations skills.
Benefits include:
* Pension - Employee 5%/Employer 10%
* 25 days holiday plus bank holidays (additional holiday after 3 years service)
* Leisure Allowance - £1000 (post probation)
* Medical Cover - Benefit in Kind (post probation)
* Group Income Protection/EAP (post probation)
* Group Life Insurance (post probation)