At a Glance
- Tasks: Identify and assess risks while developing strategies to mitigate them.
- Company: Join a leading bank focused on innovative risk management solutions.
- Benefits: Enjoy competitive pay, flexible working options, and professional development opportunities.
- Why this job: Be part of a dynamic team making impactful decisions in the banking sector.
- Qualifications: Bachelor's degree in relevant fields and 2-6 years of experience required.
- Other info: Ideal for detail-oriented individuals who thrive in fast-paced environments.
The predicted salary is between 28800 - 48000 £ per year.
The Risk Analyst will play a key role in identifying, assessing, and mitigating risks across the bank’s operations. This position requires strong analytical skills, attention to detail, and the ability to interpret complex financial data to support risk management strategies.
Key Responsibilities:
- Conduct risk assessments and analyse financial, operational, and regulatory risks.
- Monitor and report on risk exposure, ensuring compliance with internal policies and regulatory requirements.
- Develop and implement risk mitigation strategies to safeguard the bank’s assets and reputation.
- Collaborate with internal teams to enhance risk management frameworks and processes.
- Prepare risk reports for senior management and regulatory bodies.
- Support stress testing, scenario analysis, and risk sensitivity assessments.
- Assist in the development and review of risk policies, procedures, and governance frameworks.
Required Skills & Qualifications:
- Bachelor's degree in Finance, Economics, Risk Management, or a related field.
- 2-6 years of experience in risk analysis or risk management within the banking sector.
- Strong analytical and problem-solving skills with the ability to interpret complex data.
- Knowledge of operational risk frameworks, regulatory requirements, and risk mitigation techniques.
- Proficiency in risk reporting tools and Microsoft Office suite.
- Excellent communication skills, both written and verbal, with the ability to engage effectively with stakeholders.
- Detail-oriented and highly organised, capable of managing multiple priorities in a fast-paced environment.
If interested, please apply today.
Risk Analyst employer: Eden Recruitment Ltd
Contact Detail:
Eden Recruitment Ltd Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Risk Analyst
✨Tip Number 1
Familiarise yourself with the latest regulatory requirements and operational risk frameworks in the banking sector. This knowledge will not only help you during interviews but also demonstrate your commitment to staying updated in a rapidly changing environment.
✨Tip Number 2
Network with professionals already working in risk management roles within banks. Attend industry events or join relevant online forums to gain insights and potentially get referrals that could boost your application.
✨Tip Number 3
Prepare to discuss specific examples of how you've successfully identified and mitigated risks in previous roles. Use the STAR method (Situation, Task, Action, Result) to structure your responses effectively during interviews.
✨Tip Number 4
Showcase your proficiency in risk reporting tools and Microsoft Office by creating sample reports or analyses that highlight your skills. This practical demonstration can set you apart from other candidates 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 relevant experience in risk analysis or management within the banking sector. Use specific examples that demonstrate your analytical skills and attention to detail.
Craft a Compelling Cover Letter: Write a cover letter that clearly outlines your motivation for applying and how your background aligns with the key responsibilities of the Risk Analyst role. Mention any specific projects or achievements that showcase your expertise in risk assessment and mitigation.
Highlight Relevant Skills: In your application, emphasise your proficiency in risk reporting tools and your knowledge of operational risk frameworks. Be sure to mention your strong communication skills, as these are crucial for engaging with stakeholders.
Proofread Your Application: Before submitting, carefully proofread your CV and cover letter for any spelling or grammatical errors. A polished application reflects your attention to detail, which is essential for a Risk Analyst.
How to prepare for a job interview at Eden Recruitment Ltd
✨Showcase Your Analytical Skills
As a Risk Analyst, your analytical skills are crucial. Be prepared to discuss specific examples of how you've used data analysis to identify risks in previous roles. Highlight any tools or methodologies you employed to support your findings.
✨Understand Regulatory Requirements
Familiarise yourself with the key regulatory frameworks relevant to the banking sector. During the interview, demonstrate your knowledge of these regulations and how they impact risk management strategies within a bank.
✨Prepare for Scenario-Based Questions
Expect scenario-based questions that assess your problem-solving abilities. Practice articulating how you would approach various risk situations, including stress testing and risk sensitivity assessments, to showcase your critical thinking.
✨Communicate Effectively
Strong communication skills are essential for a Risk Analyst. Be ready to explain complex financial data in simple terms. Practise summarising your thoughts clearly and concisely, as you'll need to engage effectively with both technical and non-technical stakeholders.