At a Glance
- Tasks: Support risk management and controls across key business processes in a dynamic environment.
- Company: Atrium, a historic insurer with a client-first approach and a commitment to growth.
- Benefits: Flexible working arrangements, commitment to diversity, and opportunities for professional development.
- Other info: Collaborative culture that encourages learning and innovation.
- Why this job: Join a team that values your input and helps you grow while making a real impact.
- Qualifications: Experience in risk management or internal controls, preferably in financial services.
The predicted salary is between 28800 - 48000 £ per year.
About Atrium
In a world of constant change, you need an insurer who has stood the test of time. Our reputation is built on consistency, expertise, and a client-first approach. We manage Syndicate 609, one of the oldest syndicates at Lloyd’s, with a history going back to the 1930s. Our longevity reflects the strength of our underwriting discipline, the depth of our relationships, and our ability to adapt to the evolving needs of our clients and the wider insurance marketplace.
We’re all in it together at Atrium. We are committed to creating an environment where people learn, grow, and follow what they’re passionate about. Our culture encourages staff to feel confident in making decisions at any stage of their career and do work that makes them proud, knowing they’re playing a valuable role in shaping the success of the business.
Role
We have an exciting new opportunity for a Risk and Controls Analyst to be responsible for supporting the Group Head of Controls in identifying, assessing, and managing risks across key business processes. We are looking for a candidate who has been working in a similar role in financial services; experience in insurance would be a plus.
Description
As a Risk and Controls Analyst you will be responsible for supporting the Group Head of Controls in identifying, assessing, and managing risks across key business processes. This role plays a critical part in strengthening the control environment, ensuring compliance with regulatory expectations (FCA, PRA, Lloyd’s of London), and supporting the delivery of insights to senior management.
The risk and controls analyst will work closely with business teams to monitor controls, support risk reports, within the Enterprise Risk and Control Management Framework, contribute to the Own Risk & Solvency Assessment (ORSA), etc.
Key tasks will be to:
- Support the Group Head of Controls in the day-to-day management of controls framework.
- Conduct independent control tests and thematic reviews.
- Support the execution of the Risk & Control Self‑Assessment (RCSA) process, including risk identification, assessment, and control evaluation.
- Assist with the effective operation of the Atrium risk governance processes including production of meeting papers and attending committees and taking minutes.
- Assist in scenario analysis, risk event reporting, and impact assessments as well as the managing of the RiskSmart risk management system.
- Support wider Risk and Control projects and deliverables as required.
- Support the Risk Management team in ensuring Lloyd’s Principles for doing business are adhered to.
- Liaise with the wider business to help further embed a positive risk culture.
Required skills
Knowledge
- Experience in risk management, internal controls, or internal audit within financial services (banking, insurance, asset management, etc) with a desire and passion to grow in the role.
- Experience of working in Insurance and an understanding of the Lloyd’s of London Market would be desirable.
Skills
- Strong analytical skills with the ability to interpret data and identify trends.
- Good knowledge of Operational Risk and what makes an effective control environment.
- Excellent IT skills including experience of using Microsoft Office to produce reports and analyse data.
- Experience with Power BI would be desirable.
- Ability to work independently and collaboratively across teams.
- Critical thinking and problem solving skills with high attention to detail.
- Desire to keep acquiring and developing skills and learn from others.
Atrium offers all permanent employees the chance to work flexibly through our charter for flexible working - we actively invite applications from candidates requiring any form of flexible working arrangements.
Atrium is an Equal Opportunities employer with a strong and passionate commitment to Diversity, Equity, and Inclusion. Atrium actively invites applications from candidates requiring any form of flexible working arrangements. We do not discriminate based upon age, disability, gender reassignment, marriage and civil partnership, pregnancy and maternity, race, religion or belief, sex, sexual orientation, or any other applicable legally protected characteristic. We’re committed to providing reasonable adjustments or accommodations for applicants, so if you need assistance or support during the recruitment process, please get in touch.
Risk and Controls Analyst in City of London employer: Atrium
Atrium is an exceptional employer that fosters a culture of growth and collaboration, empowering employees to make impactful decisions at every stage of their careers. With a strong commitment to diversity, equity, and inclusion, Atrium offers flexible working arrangements and encourages continuous learning, making it an ideal workplace for those seeking meaningful and rewarding employment in the insurance sector.
StudySmarter Expert Advice🤫
We think this is how you could land Risk and Controls Analyst in City of London
✨Tip Number 1
Network like a pro! Reach out to folks in the insurance and financial services sectors, especially those who work at Atrium or similar companies. A friendly chat can open doors and give you insights that might just land you an interview.
✨Tip Number 2
Prepare for the interview by brushing up on your knowledge of risk management and internal controls. Be ready to discuss how your experience aligns with the role of a Risk and Controls Analyst. Show them you’re not just a fit on paper but also in practice!
✨Tip Number 3
Don’t forget to showcase your analytical skills! Bring examples of how you've interpreted data and identified trends in past roles. This will demonstrate your ability to contribute to the team right from the get-go.
✨Tip Number 4
Apply through our website! It’s the best way to ensure your application gets seen. Plus, it shows you’re genuinely interested in being part of the Atrium family. Let’s make it happen!
We think you need these skills to ace Risk and Controls Analyst in City of London
Some tips for your application 🫡
Tailor Your CV:Make sure your CV is tailored to the Risk and Controls Analyst role. Highlight your experience in risk management and internal controls, especially within financial services. We want to see how your skills align with what we're looking for!
Craft a Compelling Cover Letter:Your cover letter is your chance to shine! Use it to explain why you're passionate about this role and how your background makes you a great fit. Don’t forget to mention any specific experiences in insurance or the Lloyd’s market that could set you apart.
Show Off Your Analytical Skills:Since strong analytical skills are key for this position, make sure to include examples of how you've used data to identify trends or solve problems in your previous roles. We love seeing those critical thinking skills in action!
Apply Through Our Website:We encourage you to apply through our website for a smoother application process. It helps us keep everything organised and ensures your application gets the attention it deserves. Plus, it’s super easy!
How to prepare for a job interview at Atrium
✨Know Your Risk Management Basics
Make sure you brush up on your knowledge of risk management and internal controls. Understand the key concepts and frameworks, especially those relevant to financial services and insurance. This will help you answer questions confidently and demonstrate your expertise.
✨Familiarise Yourself with Regulatory Standards
Since the role involves compliance with regulatory expectations like FCA and PRA, it’s crucial to be well-versed in these standards. Research their requirements and think about how they apply to the role of a Risk and Controls Analyst. This shows you’re proactive and serious about the position.
✨Prepare for Scenario-Based Questions
Expect to face scenario-based questions that assess your analytical and problem-solving skills. Think of examples from your past experience where you identified risks or improved controls. Use the STAR method (Situation, Task, Action, Result) to structure your answers clearly.
✨Show Your Collaborative Spirit
This role requires working closely with various teams, so be ready to discuss how you’ve successfully collaborated in the past. Highlight your ability to communicate effectively and build relationships, as this will be key in fostering a positive risk culture within the organisation.
