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- Tasks: Join us as a Risk Analyst to develop innovative risk tools and models.
- Company: Coforge, a forward-thinking tech company in London.
- Benefits: Competitive salary, career growth, and a chance to work with cutting-edge technology.
- Other info: Collaborative culture with opportunities for professional development.
- Why this job: Make a real impact by shaping how risk is managed in a dynamic environment.
- Qualifications: Degree in risk management or related field; experience in risk analysis preferred.
The predicted salary is between 50000 - 60000 £ per year.
Coforge is looking for a technically capable and analytically driven Risk Analyst to help build and embed a modern, data-led risk function. This is a hands-on role sitting at the intersection of risk management and technology. The Risk Analyst will actively develop the tools, models, processes and risk capabilities that aid in shaping how risk is understood and managed across the business.
The role will report to the Chief Risk Officer, and work closely with Coforge’s senior management and leadership, providing analytical and quantitative insights to enable risk-informed decisions to be made with confidence, when it counts.
Key Responsibilities:
- Risk Automation & Tooling
- Design and build Coforge’s internal risk tool and automation capability.
- Reduce manual risk processes by developing scalable and repeatable risk workflows.
- Embed risk capabilities into existing internal systems, apps and platforms.
- Quantitative Risk Modelling
- Develop and maintain quantitative risk simulations, including, but not limited to Monte Carlo analysis and Value at Risk (VaR) models.
- Stress-test scenarios and validate model outputs to ensure reliability and accuracy.
- Translate complex modelling outputs into clear, actionable insights that can be used by Coforge's decision makers and stakeholders.
- Risk Data & Analytics
- Define, build, and maintain a risk-related data suite.
- Develop risk data infrastructure and capability to support the monitoring, tracking and trend analysis of the data.
- Maintain data quality and accuracy, ensuring the data streams remain accessible, consistent and accurate.
- Risk Reporting
- Produce regular, high-quality risk reports that give Coforge’s Senior Management and ELT awareness of the business risk environment and enables proactive decision making at the strategic level.
- Ensure the reporting meets compliance and audit requirements and is readily available upon request.
- Act as risk SME to improve business risk understanding and report interpretation.
- Risk Governance and Compliance
- Contribute to the ongoing development and embedding of the risk framework.
- Support ongoing initiatives to drive a strong, risk-aware culture.
- Ensure compliance with relevant law, regulation and standards such as: DORA, NIS2, EU AI Act, ISO27001, ISO31000, SOC 2, SEBI regulation, India IT Act, GDPR, CCPA etc.
- Monitor risks to internal policies and procedures, undertaking maturity assessments and gap analysis periodically.
- Work with Compliance and Audit colleagues to ensure alignment and best practice is maintained.
Required Criteria:
- Degree: Bachelor’s degree or an industry qualification in risk management, mathematics, statistics or role related field advantageous but not essential.
- Certification: Industry qualification in a relevant field advantageous but not essential.
- Experience: 3-5 years in a risk, quantitative (actuarial), or advanced tech role.
- Demonstrable capability and experience in writing production-ready scripts, building internal risk tools and automating processes.
- Practical experience with quantitative risk methodologies such as Monte Carlo simulations and/or VaR.
- Experience in building/developing risk data/KRI capabilities.
- Strong data analytics skill, experience with SQL, pandas or a similar tool would be advantageous but is not essential.
- Experience/demonstrable skill in product risk reports that provide business-relevant information and data.
- Strong analytical mindset with an ability to identify trends and interpret data/risk information in a business relevant way.
Risk Analyst employer: Coforge
Contact Detail:
Coforge Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Risk Analyst
✨Tip Number 1
Network like a pro! Reach out to folks in the industry, attend meetups, and connect with people 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 analyst questions. Get comfy with discussing quantitative methods like Monte Carlo simulations and VaR. The more you rehearse, the more confident you'll feel when it’s showtime!
✨Tip Number 3
Showcase your skills through projects or case studies. If you've built any risk tools or conducted analyses, be ready to share them. This hands-on experience can really set you apart from other candidates.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets seen. 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 CV: Make sure your CV is tailored to the Risk Analyst role. Highlight your experience with risk management, quantitative analysis, and any relevant tools you've used. We want to see how your skills align with what we're looking for!
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you're passionate about risk analysis and how you can contribute to our team. Be sure to mention specific experiences that relate to the job description.
Showcase Your Technical Skills: Since this role involves a lot of technical work, don’t forget to showcase your skills in data analytics, risk modelling, and any programming languages you know. We love seeing candidates who can demonstrate their technical capabilities!
Apply Through Our Website: We encourage you to apply through our website for a smoother application process. It helps us keep track of your application and ensures you’re considered for the role. Plus, it’s super easy!
How to prepare for a job interview at Coforge
✨Know Your Risk Models
Make sure you brush up on your knowledge of quantitative risk methodologies, especially Monte Carlo simulations and Value at Risk (VaR) models. Be ready to discuss how you've applied these in past roles and how they can be used to inform decision-making.
✨Showcase Your Technical Skills
Since this role involves building internal risk tools and automating processes, be prepared to talk about your experience with scripting and data analytics. If you've worked with SQL or similar tools, highlight specific projects where you’ve successfully implemented these skills.
✨Prepare for Scenario Questions
Expect to face scenario-based questions that test your analytical mindset. Think about how you would approach stress-testing scenarios or validating model outputs, and be ready to explain your thought process clearly and concisely.
✨Understand Compliance and Governance
Familiarise yourself with relevant regulations like DORA, GDPR, and ISO standards mentioned in the job description. Being able to discuss how these impact risk management will show that you understand the broader context of the role.