At a Glance
- Tasks: Analyse risk data and produce insightful reports to support decision-making.
- Company: Join a diverse and inclusive insurance firm committed to 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 industry.
- Qualifications: Experience in risk management or analysis, with strong analytical skills.
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.
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 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 professional growth opportunities and the chance to contribute meaningfully to risk management in the insurance sector. Located in a vibrant area, we offer flexible working arrangements and value diversity, ensuring that every team member feels respected and empowered.
Contact Details:
Chaucer Underwriting Services Limited Recruitment Team
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 refer you directly.
✨Tip Number 2
Prepare for interviews by practising common risk-related questions. Think about how your experience aligns with the role of a Risk Analyst and be ready to share specific examples that showcase your skills.
✨Tip Number 3
Don’t just apply and forget! Follow up on your applications after a week or so. A quick email can show your enthusiasm and keep you on their radar.
✨Tip Number 4
Check out our website for the latest job openings. We’re always looking for talented individuals to join our Risk team, and applying directly through us can give you a better chance!
We think you need these skills to ace Risk Analyst
Some tips for your application 🫡
Tailor Your CV:Make sure your CV speaks directly to the Risk Analyst role. Highlight your relevant experience in risk management and reporting, and don’t forget to showcase your analytical skills. We want to see how you can bring value to our team!
Craft a Compelling Cover Letter:Your cover letter is your chance to shine! Use it to explain why you're passionate about risk management and how your background aligns with our needs. Keep it concise but impactful – we love a good story that connects your experience to the role.
Showcase Your Technical Skills:Since this role requires proficiency in Excel, Word, and PowerPoint, make sure to mention any specific projects or experiences where you've used these tools effectively. We’re looking for candidates who can translate complex data into clear insights!
Apply Through Our Website:We encourage you to apply through our website for a smoother application process. It’s the best way for us to receive your application and ensures you don’t miss out on any important updates from our team!
How to prepare for a job interview at Chaucer Underwriting Services Limited
✨Know Your Risk Frameworks
Make sure you brush up on your understanding of risk management frameworks and concepts. Being able to discuss these confidently will show that you’re not just familiar with the theory but can apply it practically in the role.
✨Prepare Insightful Questions
Think about the types of risk data you might encounter and prepare questions that demonstrate your analytical mindset. Asking insightful questions about their current risk reporting processes can set you apart as a candidate who is genuinely interested in the role.
✨Showcase Your Communication Skills
Since the role involves communicating complex risk information, practice explaining intricate concepts in simple terms. This will help you demonstrate your ability to engage stakeholders at different levels during the interview.
✨Highlight Relevant Experience
Be ready to discuss your previous experience in risk management or reporting, especially within the insurance sector. Use specific examples to illustrate how you've contributed to risk oversight or analysis in past roles.
