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- Tasks: Support risk management framework development and ensure compliance with regulations.
- Company: Join a global insurer expanding their Risk function in Birmingham.
- Benefits: Enjoy flexible working with two days in the office and a dynamic team environment.
- Why this job: Be part of a culture that promotes risk awareness and contributes to impactful decision-making.
- Qualifications: Experience in risk frameworks, preferably in insurance or financial services, is essential.
- Other info: Opportunity to liaise with stakeholders and influence risk management practices.
The predicted salary is between 43200 - 72000 £ per year.
We are delighted to be partnering exclusively with a global insurer who are expanding their Risk function. They require a Senior Risk Analyst based in their Birmingham office, two days a week.
Key Responsibilities:
- Assisting with development and embedding of a fit for purpose risk management framework to enable the business to manage its financial and operational risks, including conduct risk, and adhering to Consumer Duty requirements.
- Assisting the Risk Manager with ensuring that the business adheres to the organisations Group regulatory standards and risk management framework requirements.
- Being a point of contact for the first line Risk Champions to provide guidance and support on risk management activities.
- Assisting in the setting the standards for risk management and promoting a risk centric culture within the business.
- Assisting in the formation of the Risk Management Framework which includes, Risk Appetites, Emerging Risks, Risk Events.
- Providing support in the gathering of risk data and analysing trends for reporting to Board and Audit, Risk and Compliance Committee.
- Supporting the Risk Manager in administrative duties in keeping the risk registers up to date.
- Assisting with risk requests (including from the Group) in relation to adoption of policies, procedures, and other ad hoc risk queries as and when applicable.
- Liaising with internal and external stakeholders to provide support and guidance on risk management.
- Assisting with annual review of the taxonomy, policies, and procedures to ensure they are up to date from a regulatory perspective.
- Assisting in all other tasks, periodic, ad hoc, or otherwise.
Requirements:
- Previous experience in developing and embedding risk frameworks within the insurance sector, although other financial services experience will be considered.
- Excellent knowledge of the Risk Management Cycle.
- Experience with risk analysis and reporting.
- Commercial awareness and the ability to understand broad business issues.
Senior Risk Analyst - Energy Trading employer: Birchlake Recruitment
Contact Detail:
Birchlake Recruitment Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Senior Risk Analyst - Energy Trading
✨Tip Number 1
Familiarise yourself with the specific risk management frameworks used in the insurance sector. Understanding how these frameworks operate will help you demonstrate your expertise during interviews and discussions.
✨Tip Number 2
Network with professionals in the energy trading and insurance sectors. Attend industry events or join relevant online forums to connect with potential colleagues and learn about the latest trends and challenges in risk management.
✨Tip Number 3
Prepare to discuss your experience with risk analysis and reporting in detail. Be ready to provide examples of how you've successfully identified and mitigated risks in previous roles, as this will be crucial for the Senior Risk Analyst position.
✨Tip Number 4
Stay updated on regulatory changes affecting the insurance industry, particularly those related to Consumer Duty requirements. Showing that you are proactive about compliance will set you apart from other candidates.
We think you need these skills to ace Senior Risk Analyst - Energy Trading
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in risk management, particularly within the insurance sector or financial services. Emphasise your familiarity with risk frameworks and any specific achievements that demonstrate your ability to manage financial and operational risks.
Craft a Compelling Cover Letter: In your cover letter, express your enthusiasm for the role and the company. Discuss how your background aligns with the responsibilities outlined in the job description, such as developing risk management frameworks and liaising with stakeholders.
Highlight Relevant Skills: Clearly outline your skills related to risk analysis, reporting, and commercial awareness. Use specific examples to illustrate your understanding of the Risk Management Cycle and how you've applied it in previous roles.
Proofread Your Application: Before submitting, carefully proofread your application materials. Check for spelling and grammatical errors, and ensure that all information is clear and concise. A polished application reflects your attention to detail, which is crucial in risk management.
How to prepare for a job interview at Birchlake Recruitment
✨Understand the Risk Management Framework
Make sure you have a solid grasp of risk management frameworks, especially in the context of the insurance sector. Be prepared to discuss how you've previously developed or embedded such frameworks and how they can be tailored to meet the needs of the business.
✨Showcase Your Analytical Skills
As a Senior Risk Analyst, your ability to analyse risk data is crucial. Bring examples of how you've gathered and interpreted risk data in the past, and be ready to discuss trends you've identified and how they influenced decision-making.
✨Demonstrate Stakeholder Engagement
This role involves liaising with various stakeholders. Prepare to share experiences where you've successfully communicated risk management concepts to non-experts, and how you’ve built relationships to promote a risk-centric culture.
✨Stay Updated on Regulatory Standards
Familiarise yourself with current regulatory standards relevant to the insurance industry. Be ready to discuss how you ensure compliance within risk management practices and how you keep policies and procedures up to date.
