At a Glance
- Tasks: Analyse risk data and produce insightful reports for senior management.
- Company: Join a diverse and inclusive insurance firm committed to innovation.
- Benefits: Gain practical experience, competitive salary, and professional development opportunities.
- Other info: Collaborative team environment with excellent career growth potential.
- Why this job: Make a real impact by managing risks in the insurance market.
- Qualifications: Experience in risk management or analysis; strong analytical skills required.
The predicted salary is between 30000 - 40000 £ 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 employer: Chaucer Group
Chaucer is an exceptional employer that fosters a collaborative and inclusive work culture, making it an ideal place for aspiring Risk Analysts. With a strong commitment to employee development, you will have access to valuable growth opportunities and the chance to contribute meaningfully to risk management in the insurance sector. Located in a vibrant area, our team enjoys a supportive environment that values diversity and encourages innovative thinking.
StudySmarter Expert Advice🤫
We think this is how you could land Risk Analyst
✨Tip Number 1
Network like a pro! Reach out to people in the industry, attend events, and connect on LinkedIn. You never know who might have the inside scoop on job openings or can put in a good word for you.
✨Tip Number 2
Prepare for interviews by practising common risk-related questions. Think about how your skills in risk analysis and reporting can add value to the team. We want you to shine when it’s your turn to impress!
✨Tip Number 3
Showcase your analytical skills! Bring examples of how you've interpreted risk data or produced insightful reports in the past. This will help us see how you can contribute to our Risk function.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets seen by the right people. Plus, we love seeing candidates who are proactive about their job search.
We think you need these skills to ace Risk Analyst
Some tips for your application 🫡
Tailor Your Application:Make sure to customise your CV and cover letter to highlight your relevant experience in risk management and reporting. We want to see how your skills align with the role of a Risk Analyst, so don’t hold back on showcasing your analytical prowess!
Showcase Your Communication Skills:Since this role involves translating complex risk data into clear insights, it’s crucial to demonstrate your written communication skills. Use straightforward language and structure your application well to reflect your ability to convey information effectively.
Highlight Relevant Experience:If you’ve got experience in the insurance or financial services sector, make sure to mention it! We’re looking for candidates who can bring practical knowledge to our Risk team, so any related projects or roles should definitely be included.
Apply Through Our Website:We encourage you to submit your application through our website. It’s the best way for us to receive your details and ensures you’re considered for the role. Plus, it gives you a chance to explore more about what we do at StudySmarter!
How to prepare for a job interview at Chaucer Group
✨Know Your Risk Frameworks
Make sure you brush up on your understanding of risk management frameworks and concepts. Be ready to discuss how these apply to the insurance industry, as this will show that you’re not just familiar with the theory but can also apply it in practice.
✨Showcase Your Analytical Skills
Prepare examples of how you've analysed risk data in the past. Think about specific instances where your insights led to meaningful changes or decisions. This will demonstrate your analytical prowess and problem-solving capabilities.
✨Communicate Clearly
Practice translating complex risk information into clear, concise messages. You might be asked to explain a complicated concept during the interview, so being able to communicate effectively is key. Use simple language and avoid jargon when possible.
✨Engage with Stakeholders
Be ready to discuss how you’ve engaged with different stakeholders in previous roles. Highlight your ability to build relationships and provide constructive challenge, as this is crucial for a Risk Analyst. Think of examples where you successfully collaborated with others to achieve a common goal.
