At a Glance
- Tasks: Analyse risk data and produce insightful reports to support decision-making.
- Company: Join a leading insurance firm committed to diversity and innovation.
- Benefits: Gain practical experience, flexible working options, and professional development opportunities.
- Other info: Collaborative team environment with excellent career growth potential.
- Why this job: Make a real impact by helping manage risks in the 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.
The role encompasses a broad range of risk management and reporting activities. As a Risk Analyst your duties will include:
- 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-dive 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
Our requirements
- Relevant experience
- Essential: Risk management experience, ideally within insurance or financial services
- Essential: Experience in risk reporting, MI production, or risk analysis preferred
- Progress towards a professional qualification (e.g. IRM, ACII) desirable
Technical skills
- Essential: 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
- Desirable: 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
Equal Opportunities
Chaucer is committed to diversity, actively values difference and respects people regardless of the protected characteristics which are outlined in the Equality Act 2010 (UK legislation) as well as the Equal Treatment Directive 2006 (EU legislation). A diverse workforce and an inclusive workplace are core to our success as a business and integral to our winning strategy and culture. We are open to considering flexible working arrangements for all roles and encourage you to outline your needs during the interview process.
Risk Analyst in London employer: Chaucer Underwriting Services Limited
Chaucer is an exceptional employer that fosters a collaborative and inclusive work culture, making it an ideal place for Risk Analysts to thrive. With a strong commitment to employee development, you will have access to meaningful growth opportunities and the chance to contribute to impactful risk management processes within the dynamic insurance sector. Located in a vibrant area, we also offer flexible working arrangements to support a healthy work-life balance.
Contact Details:
Chaucer Underwriting Services Limited Recruitment Team
StudySmarter Expert Advice🤫
We think this is how you could land Risk Analyst in London
✨Join Compliance Communities
Get involved in compliance and risk communities — both online and offline. Look for forums, LinkedIn groups, or even local meetups where compliance pros hang out. You never know who might drop a job opportunity your way!
✨Attend Industry Conferences
Keep an eye out for compliance and risk management conferences and workshops in your area. These events are a goldmine for networking, and they often have job boards or recruiters on-site looking for new talent. Plus, it’s a chance to learn what's trending in the field.
✨Leverage Your University Career Services
If you’ve recently graduated or are still studying, head over to your university's career services. Many companies, including those in compliance, actively recruit fresh talent through these services, so make sure you tap into that resource.
✨Showcase Your Knowledge Online
Start writing articles or blog posts about compliance topics that interest you. Share them on platforms like LinkedIn to demonstrate your knowledge and passion. This not only builds your presence in the field but can also catch the attention of companies like Chaucer Underwriting Services Limited looking for candidates who are engaged and informed.
We think you need these skills to ace Risk Analyst in London
Some tips for your application 🫡
Show Your Understanding of Compliance:In the compliance-risk field, it's super important to showcase your understanding of regulations and risk management frameworks. Highlight any relevant coursework, certifications (like ICA or AML), or even projects that demonstrate your knowledge and commitment to this area. We want to see how you can navigate this complex landscape!
Quantify Your Achievements:When detailing your experience, try to quantify your achievements. For example, if you've previously worked on a project that improved compliance metrics or reduced risk exposure, give us the numbers! This data-driven approach really stands out to hiring managers in compliance-risk roles.
Tailor Your CV to Reflect Relevant Skills:Make sure your CV highlights skills that are particularly relevant to compliance, like attention to detail, analytical thinking, and report writing. Ensure these are easy to spot – consider using bullet points to break down your responsibilities and achievements for maximum impact!
Craft a Motivating Cover Letter:In your cover letter, let us know why you’re excited about the compliance-risk role at Chaucer Underwriting Services Limited. Share what motivates you about compliance, and how you believe you can contribute to our mission. This is your chance to showcase not only your skills but also your passion for this important field!
How to prepare for a job interview at Chaucer Underwriting Services Limited
✨Master the Regulations
Brush up on key compliance regulations relevant to the industry you're applying to. Familiarising yourself with specific laws and frameworks used in your field will give you an edge during technical questions. Show that you’re not just aware of them but can also apply them—think real-life scenarios!
✨Show Your Analytical Skills
Compliance roles really focus on analytical skills, so be prepared for case studies or situational questions during the interview. We've got to demonstrate how we approach risk assessments or compliance audits, possibly drawing on examples from past experiences or university projects. Bring some thoughtful case scenarios to discuss!
✨Know Your Tools
Get comfortable with commonly used compliance software and tools. Familiarity with platforms like RSA or MetricStream can really impress during your interview, as it shows you're ready to hit the ground running. If you’ve had any experience with them, make sure to highlight that!
✨Align with Company Culture
Since it's a full-time position, show your long-term commitment and interest in the company’s mission and values. Dive into how your ethics and professional philosophy align with Chaucer Underwriting Services Limited’s stance on compliance. A shared vision can really resonate with interviewers looking for fit as much as skill!
