Risk Analyst

A highly reputable client of ours specialising in the Insurance industry is seeking a Risk Analyst to join their elite team of professionals. The designated person will be working closely with and supporting the Group CRO, and responsibilities are as follows:

Duties:

• Update and maintain risk and control registers, including reviewing sources of risk, risk response strategies and the effectiveness of the controls used to mitigate the risk(s) to the business
• Provide input and oversee the overall development and enhancement of risk appetite frameworks across the business, including implementation, monitoring and reporting of risk tolerance metrics and thresholds
• Provide risk management support, as well as second line risk oversight, challenging the Group’s portfolio of projects, ensuring that key projects risks are identified, assessed and mitigated appropriately
• Contribute to the development of the Group’s Risk Management Framework and ensure this continues to reflect market best practice, as well as oversee the development and monitoring of stress testing, scenario analysis and reverse stress testing
• Manage the risk incident process, assessing potential impacts to the business following incidents, to consider appropriate actions and to complete root cause analyses, as required, while maintaining and enhancing the emerging risks register and framework accordingly
• Actively support in the delivery of quarterly and annual ORSA processes, including the production of relevant ORSA and other regulatory risk reports
• Applying statistical techniques to support risk analysis and decision-making processes

Requirements

• A minimum of 3 years working in a similar role
• Experience gathering, organising, analysing and visualizing data
• Excellent verbal and written communication skills in English

Education and Experience

• A professional qualification in Risk Management, Banking or Finance is required

Job Reference: WC287