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For Companies At a Glance
- Tasks: Analyse risks and support the Enterprise Risk Management team in a dynamic environment.
- Company: Join a leading commercial insurer based in London, known for its innovative approach.
- Benefits: Enjoy a competitive salary up to £70k, bonuses, and flexible hybrid working options.
- Why this job: Be part of a culture that values strong internal controls and teamwork while making an impact.
- Qualifications: Experience as a Risk Analyst in insurance, with skills in risk assessment and data management.
- Other info: This is a full-time associate role with opportunities for growth in the insurance industry.
The predicted salary is between 42000 - 84000 £ per year.
This range is provided by RED10. Your actual pay will be based on your skills and experience — talk with your recruiter to learn more. Base pay range Hybrid working perm role based in London, commercial insurer, salary up to £70k + bonus & benefits.
KEY SKILLS
- Background within risk gained in the insurance industry
- Strong exposure of Operational Risk / Enterprise Risk Management (ERM)
- Ability to implement and maintain risk identification and monitoring processes
THE ROLE:
The role will cover a wide range of analysis duties within the Enterprise Risk Management (“ERM”) Team to support the effective management of risk and control. You will work alongside the business to promote a strong and efficient internal control environment within the business.
THE CANDIDATE:
The successful candidate will have a solid background working as a Risk Analyst within the insurance sector focusing on operational risk and/or ERM. You will bring expertise in risk assessment and reporting skills managing data using tools including Excel. You will build strong relationships with business stakeholders, be self-driven willing to work independently and within a team environment.
INDUSTRY: Insurance
Seniority level: Associate
Employment type: Full-time
Job function: Information Technology and Analyst
Industries: Insurance
Risk Analyst employer: RED10
Contact Detail:
RED10 Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Risk Analyst
✨Tip Number 1
Familiarise yourself with the latest trends and regulations in operational risk and Enterprise Risk Management (ERM) within the insurance sector. This knowledge will not only help you during interviews but also demonstrate your commitment to staying updated in a rapidly evolving field.
✨Tip Number 2
Network with professionals already working in risk analysis roles, especially within the insurance industry. Attend industry events or join relevant online forums to connect with potential colleagues and learn about their experiences, which can provide valuable insights for your application.
✨Tip Number 3
Prepare to discuss specific examples of how you've implemented risk identification and monitoring processes in previous roles. Being able to articulate your hands-on experience will set you apart from other candidates and show that you can contribute effectively to our ERM team.
✨Tip Number 4
Brush up on your data management skills, particularly with Excel, as this is crucial for the role. Consider taking an advanced Excel course or working on projects that require data analysis to showcase your proficiency during the interview process.
We think you need these skills to ace Risk Analyst
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights your experience in risk analysis, particularly within the insurance sector. Emphasise your skills in operational risk and Enterprise Risk Management (ERM) to align with the job requirements.
Craft a Compelling Cover Letter: Write a cover letter that showcases your understanding of risk management processes. Mention specific examples of how you've implemented risk identification and monitoring in previous roles to demonstrate your expertise.
Highlight Relevant Skills: In your application, clearly outline your proficiency with data management tools like Excel. Discuss your ability to analyse data and report findings effectively, as these are crucial for the role.
Showcase Relationship-Building Abilities: Mention any experiences where you successfully built relationships with stakeholders. This is important for the role, so provide examples that illustrate your teamwork and communication skills.
How to prepare for a job interview at RED10
✨Showcase Your Industry Knowledge
Make sure to demonstrate your understanding of the insurance industry, particularly in relation to operational risk and Enterprise Risk Management (ERM). Be prepared to discuss recent trends or challenges in the sector and how they might impact the role.
✨Highlight Analytical Skills
Since the role involves a lot of analysis, be ready to provide examples of how you've successfully used data analysis tools, especially Excel. Discuss specific projects where your analytical skills made a difference in risk assessment or reporting.
✨Emphasise Relationship Building
The ability to build strong relationships with stakeholders is crucial. Prepare examples of how you've effectively collaborated with different teams or departments in previous roles, showcasing your interpersonal skills and teamwork.
✨Prepare for Scenario-Based Questions
Expect scenario-based questions that assess your problem-solving abilities in risk management. Think about past experiences where you identified risks and implemented solutions, and be ready to explain your thought process during those situations.
