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- Tasks: Support risk management by identifying and mitigating operational, regulatory, and financial risks.
- Company: Join LCP, an award-winning consultancy in actuarial and analytics services.
- Benefits: Enjoy hybrid working, professional study support, and a comprehensive wellbeing package.
- Why this job: Be part of a dynamic team, contributing to innovative risk solutions and company growth.
- Qualifications: Bachelor's degree in business or risk management; previous experience in risk or compliance preferred.
- Other info: Flexible hours available; inclusive workplace committed to diversity.
The predicted salary is between 32000 - 40000 £ per year.
Location - London (with occasional travel to other office locations if required)
Salary - 40-50k (DOE) plus benefits
Hybrid working - 40% (2 days a week in office) required with Tuesday & Thursday being the ideal in-office days, and at least one of these is a compulsory team office day.
Full-time hours (35 hours per week) with part-time applications also welcome.
LCP is an award-winning actuarial and analytics consultancy providing market-leading capabilities and advice across pensions and financial services, energy, health, and analytics.
This is an exciting new opening to join LCP at a very exciting stage of our growth! Reporting to the Chief Risk & Compliance Officer (CRCO) you will provide essential support to the Risk Manager and Chief Risk and Compliance Officer (CRCO) in the management and oversight of the firm’s risk framework. You will assist in the identification, assessment, and mitigation of operational, regulatory, financial and reputational risks across the business and promote a culture of robust risk management through training and awareness initiatives. You will collaborate closely with teams across the firm to deliver practical, innovative and effective risk solutions, contributing to the firm’s operational resilience. This is an excellent opportunity for a motivated individual looking to develop their risk management career in a dynamic and growing company. If you are proactive, enjoy supporting critical business functions, and are eager to contribute to our firm’s success, we would love to hear from you!
Your key responsibilities will be to:
- Assist in the implementation, maintenance and continuous improvement of the firm’s Risk Management Framework, including related policies and procedures
- Assist with preparation and analysis of risk management reporting for the Board, Executive Committee and Risk Committee
- Support business areas to conduct and document risk assessments, this includes identifying and evaluating potential risks and proposing and tracking mitigating actions
- Work with the Risk Manager and stakeholders to investigate reported incidents and near misses, ensuring lessons learned are communicated, trends are identified and processes are improved
- Engage with stakeholders to promote an integrated approach to risk management and foster strong relationships
- Provide administrative support for the Risk Manager and CRCO, including maintaining identified key risk mitigation plans and tracking actions
- Monitor regulatory developments and industry trends, integrating relevant changes into the firm’s risk policies and processes
- Contribute to risk-related training and awareness initiatives to enhance the firm’s risk culture
- Assist in delivering key projects and initiatives related to governance, risk, and compliance as directed by the Risk Manager and CRCO
What key skills, experience and qualities are we looking for?
- A bachelor’s degree or equivalent qualification, preferably in business or risk management, or a related field
- Previous experience in a risk, compliance, or audit role, ideally within a professional services, financial services, or another regulated environment
- Working towards or willingness to pursue a professional qualification in risk management, compliance, or audit (eg, IRM, ICA, or equivalent) is advantageous
- Familiarity with the Financial Conduct Authority (FCA) regulatory requirements and economic crime frameworks is a plus
- Experience with governance, risk and compliance (GRC) solutions is desirable
- Excellent communication skills with the ability to build excellent working relationships across a variety of teams
- High levels of attention to details and accuracy
- Proactive and self-motivated, with the ability to manage multiple tasks and priorities in a dynamic environment
- Sound judgement and integrity, with a high commitment to confidentiality and ethical conduct
- Excellent proficiency in Microsoft Office (Teams, Excel, Word, PowerPoint) and familiarity with data analysis or risk modelling tools is advantageous
What’s in it for you?
As well as joining a multi-award winning, fun, collaborative, people first organisation where your personal and professional skills will be developed to make you the best you can be, we offer an attractive benefits package designed to promote your overall wellbeing so that you are able to perform to your full potential both in and out of work. Currently our core benefits package includes:
- Hybrid working
- Professional study support (where applicable)
- Access to our internal Wellbeing, LGBTQ+, Multicultural and Women’s networks
- Life assurance
- Income protection
- Enhanced maternity/paternity/adoption and shared parental leave
- 26 days annual leave (pro-rata for part-time working) plus bank holidays (most of which can be taken flexibly!) with options to buy & sell holiday
- Private medical insurance
- Discounted gym memberships, critical illness and dental insurance through our flexible benefits
- Cycle to work scheme
- Digital GP services
- Discretionary bonus scheme
- Season ticket loans
- Volunteering opportunities
- Electric vehicle salary sacrifice scheme (qualifying period applies)
We continuously strive to build an inclusive workplace where all forms of diversity are valued, including age, background, disability, gender, gender identity, gender expression, race, religion or sexual orientation. LCP is committed to making our opportunities accessible to all and would welcome you getting in touch to let us know if an adjustment can be made to help with your application.
Operational Risk Associate employer: Lane Clark & Peacock LLP.
Contact Detail:
Lane Clark & Peacock LLP. Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Operational Risk Associate
✨Tip Number 1
Familiarise yourself with the Financial Conduct Authority (FCA) regulatory requirements and economic crime frameworks. This knowledge will not only help you understand the role better but also demonstrate your commitment to the field during discussions.
✨Tip Number 2
Network with professionals in risk management, compliance, or audit roles, especially those within financial services. Engaging with industry peers can provide insights into the role and may even lead to referrals.
✨Tip Number 3
Showcase your proactive nature by preparing questions about the company's current risk management practices and challenges. This will highlight your enthusiasm for the role and your readiness to contribute from day one.
✨Tip Number 4
Research LCP's recent projects and initiatives related to governance, risk, and compliance. Being knowledgeable about their work will allow you to tailor your conversations and demonstrate your genuine interest in joining their team.
We think you need these skills to ace Operational Risk Associate
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in risk management, compliance, or audit roles. Use keywords from the job description to demonstrate that you meet the qualifications and skills they are looking for.
Craft a Compelling Cover Letter: Write a cover letter that showcases your motivation for applying to LCP and how your background aligns with their needs. Mention specific experiences that relate to the responsibilities of the Operational Risk Associate role.
Highlight Relevant Qualifications: If you have a degree in business or risk management, or are working towards a professional qualification, make sure to mention this prominently. Discuss any familiarity with FCA regulatory requirements or GRC solutions.
Showcase Soft Skills: In your application, emphasise your communication skills and ability to build relationships across teams. Provide examples of how you've demonstrated attention to detail, proactivity, and sound judgement in previous roles.
How to prepare for a job interview at Lane Clark & Peacock LLP.
✨Understand the Risk Management Framework
Familiarise yourself with the firm's Risk Management Framework and related policies. Be prepared to discuss how you can contribute to its implementation and continuous improvement, showcasing your understanding of risk assessment and mitigation.
✨Showcase Relevant Experience
Highlight any previous experience in risk, compliance, or audit roles, especially within regulated environments. Use specific examples to demonstrate your ability to identify and evaluate risks, as well as your proactive approach to managing them.
✨Communicate Effectively
Excellent communication skills are crucial for this role. Practice articulating your thoughts clearly and confidently, and be ready to discuss how you would build strong relationships with stakeholders across various teams.
✨Demonstrate Proactivity and Attention to Detail
Prepare to discuss instances where you've managed multiple tasks in a dynamic environment. Emphasise your attention to detail and how it has helped you maintain accuracy in your work, particularly in risk assessments and reporting.
