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- Tasks: Drive operational risk frameworks and support risk assessments across the business.
- Company: Join a leading general insurer known for its robust risk management practices.
- Benefits: Competitive salary up to £75,000 and opportunities for professional growth.
- Why this job: Be part of a dynamic team shaping risk strategies in a reputable company.
- Qualifications: 3+ years in operational risk; insurance market knowledge preferred.
- Other info: Based in London with a focus on collaboration and innovation.
The predicted salary is between 60000 - 75000 £ per year.
Senior Operational Risk Analyst
Eames Consulting London, United Kingdom Apply now Posted 2 days ago Permanent Up to £75000 per annum
Eames Consulting is currently partnering with a leading general insurer on the appointment of a Senior Operational Risk Analyst. This role will be based in London and aids the Group Head of Operational Risk in driving robust operational risk frameworks outcomes across the business.
Key Responsibilities:
- Contribute to the creation and refinement of the group’s operational risk framework, including setting risk appetite, developing monitoring metrics, and performing scenario analysis.
- Assist in managing the Risk and Control Self-Assessment (RCSA) process for corporate functions such as HR and BCP.
- Review internal loss incidents, perform root cause analysis, identify trends, and share key takeaways across all regions. Analyse and distribute relevant information from external events.
- Support the development and improvement of operational risk profiles and dashboards, including preparing reports for executive and board-level stakeholders.
- Help in the creation of operational risk training and awareness materials for the Group.
- Provide support in configuring and maintaining the Company’s GRC system, including creating user guides and offering assistance.
- Assist with second-line governance and control reviews, including thematic assessments requested by the Group Operational Risk Committee (ORC).
- Offer support where necessary for broader Enterprise Risk Management (ERM) initiatives across the Group.
Key Requirements:
- 3+ years working in 2nd line operational risk.
- Knowledge of the insurance market, ideally property, casualty or reinsurance.
- Ability to work well within a team environment.
- Strong communications skills.
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Senior Operational Risk Analyst | London, UK employer: Eames Consulting
Contact Detail:
Eames Consulting Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Senior Operational Risk Analyst | London, UK
✨Tip Number 1
Familiarize yourself with the specific operational risk frameworks used in the insurance industry. Understanding these frameworks will not only help you in interviews but also demonstrate your commitment to the role.
✨Tip Number 2
Network with professionals in the operational risk field, especially those who work in insurance. Attend industry events or webinars to make connections and gain insights that could be beneficial during the application process.
✨Tip Number 3
Stay updated on current trends and challenges in the insurance market, particularly in operational risk. Being knowledgeable about recent developments can give you an edge in discussions during interviews.
✨Tip Number 4
Prepare to discuss your experience with Risk and Control Self-Assessments (RCSA) and how you've contributed to similar processes in previous roles. Concrete examples will showcase your expertise and fit for the position.
We think you need these skills to ace Senior Operational Risk Analyst | London, UK
Some tips for your application 🫡
Understand the Role: Take the time to thoroughly read the job description for the Senior Operational Risk Analyst position. Understand the key responsibilities and requirements, and think about how your experience aligns with them.
Tailor Your CV: Customize your CV to highlight relevant experience in operational risk, particularly in the insurance sector. Emphasize your skills in risk assessment, scenario analysis, and any experience with GRC systems.
Craft a Compelling Cover Letter: Write a cover letter that showcases your passion for operational risk management. Mention specific examples from your past work that demonstrate your ability to contribute to the company's risk framework and support ERM initiatives.
Highlight Communication Skills: Since strong communication skills are essential for this role, make sure to provide examples of how you've effectively communicated complex information to stakeholders in previous positions.
How to prepare for a job interview at Eames Consulting
✨Understand the Operational Risk Framework
Make sure you have a solid grasp of operational risk frameworks, especially in the insurance sector. Be prepared to discuss how you've contributed to similar frameworks in your previous roles and share specific examples.
✨Showcase Your Analytical Skills
Since the role involves analyzing internal loss incidents and performing root cause analysis, be ready to demonstrate your analytical skills. Prepare to discuss past experiences where you identified trends and shared key takeaways.
✨Communicate Effectively
Strong communication skills are essential for this position. Practice articulating complex ideas clearly and concisely, as you may need to prepare reports for executive stakeholders or create training materials.
✨Familiarize Yourself with GRC Systems
Since the role involves configuring and maintaining the Company's GRC system, it would be beneficial to familiarize yourself with common GRC tools. Be prepared to discuss any experience you have with these systems and how you can contribute to their improvement.
