Operational Risk Analyst

Legal & General (L&G) is a leading UK financial services group and major global investor.

We’ve been safeguarding people’s financial futures since 1836, and strive to build a better society, while improving the lives of our customers and creating value for shareholders.

We are one of the world’s largest asset managers and provide powerful asset origination capabilities. Together, these underpin our retirement and protection solutions: we are an international player in pension risk transfer, in UK and US life insurance, and in UK workplace pensions and retirement income.

Our Group Functions provide the services that all areas of the business need. This requires a talented and diverse team behind the scenes, who enable everyone at L&G to do what they do best.

Joining us means helping to improve the lives of our customers and contributing to the success of the business every day.

Job Description

We’re recruiting for an Operational Risk Analyst to join us.

In this role, you will support on specific deliverables on the assessment, monitoring, reporting and training of Enterprise-wide risks, controls and assurance, using risk management tools and data analytics to provide meaningful insights into the operation and effectiveness of our risk frameworks and controls. In addition, the role provides support to the 2nd line Business Partners in their oversight of Change and Group Functions.

What you’ll be doing:

• Supporting oversight of the Non-Financial risk areas, including adoption and training on risk management policies and risk scoring of Inherent and Residual risks
• Supporting NFR “deep dives” or lessons learnt reviews on material risk events or risk themes or supports assurance on effectiveness of controls, including supporting reports of the outcome in a timely manner and to a high standard in line with company requirements
• Supporting with risk management practices, including the use of OSX
• Supporting with the production of MI and reporting, including monitoring of data accuracy to ensure reporting is complete and accurate
• Working with and supporting the wider Enterprise Risk Management Team, Change and Group Functions Business Partners to deliver oversight, training and assurance on their relevant areas. This includes supporting on all relevant processes and procedures including RMICF and RCSA’s. Also helping establish and support appropriate file structure to ensure effective filing and storage of all Enterprise Risk Management material such that relevant content can be found and extracted by team as necessary so we can efficiently support the business
• Being a proactive and productive team member by constantly looking to develop personal knowledge
• Working in line with all relevant processes and procedures to ensure that quality and governance remains of paramount importance throughout the risk management framework
• Working with the wider Group Risk team to ensure that the appropriate process, systems, and controls are in place and that the risks and issues are identified and escalated in Group Risk, to ensure that customers are treated fairly in line with Legal & General’s Customer Experience and TCF policy

Qualifications

Who we’re looking for:

• An understanding of, and interest in Risk and Control management and a good understanding of IT and digital systems
• Strong use of Microsoft tools
• Experience of working independently to provide broad support to the Group Operational Risk function
• Strong inter-personal skills for dealing with a variety of people at a range of seniority internally

Whatever your role, we reward performance and behaviour with a package that looks after all the things that are important to you. Here are some of the benefits we offer:

• The opportunity to participate in our annual, performance-related bonus plan and valuable share schemes
• Generous pension contribution
• Life assurance
• Healthcare Plan (permanent employees only)
• At least 25 days holiday, plus public holidays, 26 days after 2 years’ service. There’s also the option to buy and sell holiday
• Competitive family leave
• Participate in our electric car scheme, which offers employees the option to hire a brand-new electric car through tax efficient salary sacrifice (permanent employees only)
• There are the many discounts we offer – both for our own products and at a range of high street stores and online
• In 2023, some of our workspaces were redesigned. Our offices are great spaces to connect and collaborate and have your wellbeing at the heart

Additional Information

Legal & General is a leading financial services group and major global investor, named Britain’s Most Admired Company in 2023, for the second year running. Rated top in our sector and top for inspirational leadership, we have a strong heritage and an exciting future.

We aim to build a better society for the long term by investing our customers’ money in things that make life better for everyone.

If you join us, you’ll be part of a welcoming culture, with opportunities to collaborate with people of diverse backgrounds, views and experiences. Guided by leaders with integrity who care about your future and wellbeing. Empowered through initiatives which support people to develop their careers and excel.

We strive to be open, mindful and inclusive, so are always willing to discussing flexible working arrangements and reasonable accommodations for candidates with specific needs.

If you’re open to find out more, we\’d love to hear from you.

Seniority level

• Not Applicable

Employment type

• Full-time

Job function

• Finance

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