At a Glance
- Tasks: Analyse risk data and produce insightful reports for senior management.
- Company: Join a leading insurance firm committed to diversity and inclusion.
- Benefits: Gain practical experience, professional development, and a supportive team environment.
- Other info: Collaborative culture with opportunities for career growth and learning.
- Why this job: Make a real impact by managing risks in the dynamic insurance market.
- Qualifications: Experience in risk management or analysis, with strong analytical skills.
The predicted salary is between 60000 - 80000 £ per year.
This is a broad role that will provide you with the opportunity to gain practical experience and knowledge in our Risk team, which is there to support all areas of our business in managing the risks and potential losses of the insurance markets in which we operate. This role sits within the Risk function with a primary focus on Risk Reporting and Risk Oversight. The Risk Analyst is responsible for analysing, interpreting, and communicating risk information to provide meaningful insight and independent challenge to the business. The role plays a key part in ensuring that the organisation’s risk profile is clearly understood, appropriately monitored against appetite, and effectively communicated to senior management and committees.
Responsibilities
- Analyse and interpret risk data to produce clear, insightful management information (MI)
- Monitor and assess the organisation’s risk profile and adherence to risk appetite
- Identify, investigate and escalate breaches, near misses, and emerging risk issues
- Produce and deliver risk reporting for committees and senior management forums
- Track actions, decisions and follow-ups to support effective governance
- Contribute to independent risk reviews and oversight activities
- Contribute to the delivery of key risk processes and projects, including: ORSA and Validation
- Contribute to and perform risk assessments and deep-diving reviews
- Support the production of regulatory reports and submissions
- Ensure outputs meet required standards and reflect an appropriate level of second line review and challenge
Requirements
- Essential
- Risk management experience, ideally within insurance or financial services
- Experience in risk reporting, MI production, or risk analysis preferred
- Progress toward a professional qualification (e.g. IRM, ACII) desirable
Technical Skills
- Proficient knowledge of Excel, Word and PowerPoint
- Good written skills with the ability to translate complex information into clear messages
- Broad understanding of risk management frameworks and concepts
- Lloyd’s experience desirable
- Experience producing clear and insightful management reporting
Education & Experience
- Desirable
- 2:1 degree or better. Previous experience within insurance industry and risk management.
Personal Skills
- Strong analytical and problem-solving capability
- Ability to exercise judgement and provide constructive challenge
- Clear and confident communicator, able to engage stakeholders at different levels
- Well organised, proactive, and accountable for outputs
- Collaborative team player with the ability to build relationships
- Curious mindset with an interest in understanding drivers of risk and business impact
Risk Analyst in London employer: Chaucer Group
Chaucer is an exceptional employer that fosters a collaborative and inclusive work culture, providing Risk Analysts with the opportunity to develop their skills in a dynamic environment. With a strong commitment to employee growth, you will benefit from professional development opportunities and the chance to engage with senior management, ensuring your contributions are valued and impactful. Located in a vibrant area, our team enjoys a supportive atmosphere that encourages curiosity and innovation, making it a rewarding place to advance your career in risk management.
StudySmarter Expert Advice🤫
We think this is how you could land Risk Analyst in London
✨Get Involved in Compliance Communities
Join local compliance or risk management networks and communities, like the International Compliance Association, where you can connect with professionals already in the field. These networks often have events and webinars that can help you learn and meet potential employers. Don’t be shy, ask questions and show your eagerness to learn!
✨Attend Industry Conferences
Look out for compliance and risk management conferences in your area or even virtual ones. These are great opportunities to meet industry leaders and learn about the latest trends. Plus, you never know when you’ll bump into someone from Chaucer Group who might be looking for fresh talent like you!
✨Leverage Internship Opportunities
As you’re aiming for an entry-level position, keep an eye on internship openings. Even a short internship can give you valuable exposure and connections in compliance-risk, so apply widely! We recommend checking out our website for any opportunities at Chaucer Group that might inspire you.
✨Showcase Your Knowledge
Create a blog or use social media to share your insights about compliance and risk topics. This not only enhances your visibility but also shows potential employers, like Chaucer Group, that you’re passionate and knowledgeable about the field. It could be the thing that sets you apart from other candidates!
We think you need these skills to ace Risk Analyst in London
Some tips for your application 🫡
Show Off Your Attention to Detail:In the compliance-risk field, it's all about catching the little things. Make sure your application materials are free from typos or inconsistencies. Your CV should reflect your ability to spot errors and present information clearly—this is a crucial skill in compliance!
Highlight Relevant Coursework or Certifications:If you’ve taken any courses related to risk assessment or compliance, be sure to mention them. Even entry-level roles appreciate a solid foundation in the principles that guide the industry. Certificates, internships, or projects related to compliance will really make you stand out!
Keep It Professional, Yet Accessible:While we’re all for being a bit informal at times, remember that compliance-risk is a serious field. Your cover letter should reflect your enthusiasm and willingness to learn while maintaining a professional tone. Don’t just say you’re keen on the job—show it with clear reasons why you want to join Chaucer Group.
Tailor Your Application to Fit the Role:When applying for an entry-level position, specifically align your skills and experiences with the job description for Risk Analyst at Chaucer Group. Talk about why you’re interested in compliance-risk and how your background, even if it’s academic, makes you a good fit!
How to prepare for a job interview at Chaucer Group
✨Know Your Compliance Basics
Brush up on the fundamental concepts of compliance and risk management. You might be asked to explain key regulations or compliance frameworks relevant to the role at Chaucer Group. Having a clear understanding will show your enthusiasm and preparedness for the entry-level position.
✨Get Familiar with Specific Tools
Be prepared to discuss any compliance software or tools you’ve encountered, even through coursework. Entry-level roles often use systems like SAP GRC or similar. If you can show familiarity or even a basic understanding of these tools, it’ll give you an edge in the interview.
✨Show Your Analytical Skills
Expect some scenario-based questions where you’ll have to analyse risk situations. Practice breaking down problems and articulating your thought process clearly. This is a key part of working in compliance and will demonstrate that you’re ready to tackle real-world issues at Chaucer Group.
✨Highlight Your Willingness to Learn
As this is an entry-level position, your eagerness to develop and grow is crucial. Discuss any relevant courses or projects you’ve done that show your commitment to improving your skills in compliance and risk management. Show them you’re keen to soak up knowledge and contribute at Chaucer Group!
