At a Glance
- Tasks: Join our team to enhance risk frameworks and support strategic delivery across the UK and Europe.
- Company: Be part of a leading general insurance provider in London, known for its dynamic culture.
- Benefits: Enjoy competitive pay, professional development opportunities, and a collaborative work environment.
- Why this job: This role offers a chance to make a real impact in risk management while growing your career.
- Qualifications: Ideal candidates have experience in the London Insurance Market and a proactive approach to risk analysis.
- Other info: This is a key second-line role with direct reporting to senior management.
The predicted salary is between 43200 - 72000 £ per year.
We are currently supporting the search for a Senior Risk Analyst to join a dynamic and growing Governance, Risk & Compliance team within a leading general insurance provider in London. This is a key second-line role, reporting to both the Head of Enterprise Risk Management and Head of Financial Risk Management, and will play a vital part in developing the firm's risk framework and supporting strategic delivery across the UK and Europe.
Key Responsibilities Include but are not limited to:
- Supporting the design, facilitation, and ongoing improvement of the quarterly Risk and Control Self-Assessment (RCSA) programme across the business.
- Providing independent challenge of departmental risk registers and control frameworks, ensuring completeness, consistency, and value to senior stakeholders.
- Drafting and maintaining key components of the Enterprise Risk Management (ERM) Framework, including policies, procedures, and risk appetite statements.
- Monitoring and reporting risk appetite breaches, emerging risks, and top risks to the Board and relevant risk committees.
- Coordinating and drafting ORSA reports and supporting delivery of the stress and scenario testing framework.
This is a fantastic opportunity for a motivated and proactive risk professional with London Insurance Market experience seeking to expand their experience within a high-performing risk function. Please apply below for further details.
Senior Risk Analyst employer: High Finance (UK) Limited T/A HFG
Contact Detail:
High Finance (UK) Limited T/A HFG Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Senior Risk Analyst
✨Tip Number 1
Familiarise yourself with the latest trends and regulations in risk management, especially 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 in the Governance, Risk & Compliance space. Attend industry events or webinars where you can meet people who work in similar roles. Building these connections can provide valuable insights and potentially lead to referrals.
✨Tip Number 3
Prepare to discuss specific examples of how you've contributed to risk frameworks or assessments in your previous roles. Being able to articulate your hands-on experience will set you apart from other candidates.
✨Tip Number 4
Research the company’s current risk management strategies and challenges. Tailoring your conversation to show how your skills can address their specific needs will make a strong impression during interviews.
We think you need these skills to ace Senior Risk Analyst
Some tips for your application 🫡
Understand the Role: Before applying, make sure you fully understand the responsibilities of a Senior Risk Analyst. Familiarise yourself with the key tasks mentioned in the job description, such as the Risk and Control Self-Assessment programme and the Enterprise Risk Management Framework.
Tailor Your CV: Customise your CV to highlight relevant experience in risk management, particularly within the London Insurance Market. Emphasise your skills in drafting policies, monitoring risks, and any previous roles that involved independent challenge of risk frameworks.
Craft a Compelling Cover Letter: Write a cover letter that showcases your motivation and proactive approach. Mention specific examples from your past work that demonstrate your ability to support strategic delivery and improve risk frameworks, aligning with the company's needs.
Proofread Your Application: Before submitting, carefully proofread your application materials. Check for any spelling or grammatical errors, and ensure that your documents are clear and professional. A polished application reflects your attention to detail, which is crucial in risk management.
How to prepare for a job interview at High Finance (UK) Limited T/A HFG
✨Understand the Risk Framework
Make sure you have a solid grasp of risk management principles and frameworks, especially those relevant to the insurance sector. Be prepared to discuss how you would contribute to the development and improvement of the firm's risk framework.
✨Showcase Your Analytical Skills
As a Senior Risk Analyst, your analytical skills will be crucial. Prepare examples from your past experience where you've successfully identified risks and implemented controls. Highlight your ability to provide independent challenge to risk registers.
✨Familiarise Yourself with RCSA Processes
Since you'll be involved in the Risk and Control Self-Assessment (RCSA) programme, brush up on your knowledge of RCSA processes. Be ready to discuss how you would facilitate and improve these assessments within the organisation.
✨Prepare for Scenario Testing Discussions
Given the importance of stress and scenario testing in this role, think about how you would approach these tasks. Be prepared to discuss your experience with ORSA reports and how you would support the delivery of testing frameworks.