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- Tasks: Join us to prevent risks and support effective risk management across the bank.
- Company: Be part of a leading financial services organisation focused on operational excellence.
- Benefits: Enjoy opportunities for personal development and collaboration with diverse stakeholders.
- Why this job: Make a real impact by managing risks and enhancing your professional profile.
- Qualifications: Experience in risk roles and knowledge of financial services are essential.
- Other info: This role offers a chance to work closely with senior management and influence key decisions.
The predicted salary is between 36000 - 60000 £ per year.
Join us as a Risk & Controls Analyst. If you're looking for a new challenge, where you can play a key role in preventing potential risks to our customers, this could be the ideal role for you. You'll work in partnership with the first line of defence and businesses in applying effective risk management, and anticipating and assessing the potential impacts of risk across the bank. By liaising closely with a range of stakeholders, you'll have an opportunity to raise your profile across the bank and focus on personal development.
What you'll do:
- Play a key role in delivering risk management initiatives that support the effective application of the operational risk framework and conduct risk obligations.
- Support the business in managing the risks which exist, ensuring mechanisms are in place to identify, report, manage and mitigate risk within a defined risk appetite.
- Investigate external and strategic events, trends and data, performing read across to identify parallels and escalate emerging risks in a timely manner.
- Develop and support the interrogation and analysis of relevant management information, supporting effective risk management on the part of your stakeholders.
- Investigate the impact of external and strategic events on NWM and perform deep dives on risks and potential problems.
- Perform targeted business-focused risk reviews to establish process, controls requirements and provide justification or challenge to our identification of inherent and residual risk.
- Control resources that contribute to the development of guidance notes and training material and content, upskilling the broader first line of defence function and businesses.
- Work in close partnership with first line of defence SMEs, functions and second line of defence oversight; achieving the right balance of assisting and challenging line management and colleagues to ensure risk is proactively managed.
- Present summaries to stakeholders at all levels across NWM, ensuring senior management can be on the front foot in understanding potential risks.
The skills you'll need:
- Knowledge of how a large financial services organisation operates and experience of working in a first or second line of defence risk role.
- A clear track record of achievement and delivery.
- Knowledge of risk assessment and scenario analysis methodologies.
- Knowledge of operational risk management.
- Excellent communication skills both written and verbal and the ability to influence at all levels.
Risk and Control Analyst employer: NatWest
Contact Detail:
NatWest Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Risk and Control Analyst
✨Tip Number 1
Familiarise yourself with the operational risk framework and conduct risk obligations specific to financial services. Understanding these frameworks will not only help you in interviews but also demonstrate your commitment to the role.
✨Tip Number 2
Network with professionals already working in risk management roles, especially within financial institutions. Engaging with them can provide insights into the day-to-day responsibilities and challenges, which can be invaluable during your application process.
✨Tip Number 3
Stay updated on current trends and external events affecting the financial sector. Being able to discuss recent developments and their potential impact on risk management will showcase your proactive approach and industry knowledge.
✨Tip Number 4
Prepare to discuss specific examples of how you've previously identified and mitigated risks in your past roles. Having concrete examples ready will help you illustrate your experience and effectiveness in risk management during interviews.
We think you need these skills to ace Risk and Control Analyst
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in risk management and control. Use specific examples that demonstrate your knowledge of operational risk frameworks and your ability to communicate effectively with stakeholders.
Craft a Compelling Cover Letter: In your cover letter, express your enthusiasm for the role and the company. Clearly outline how your skills and experiences align with the job description, particularly your track record in risk assessment and scenario analysis.
Highlight Key Skills: Emphasise your excellent communication skills and your ability to influence at all levels. Provide examples of how you've successfully collaborated with different teams or stakeholders in previous roles.
Proofread Your Application: Before submitting, carefully proofread your application materials. Check for any spelling or grammatical errors, and ensure that your documents are well-structured and easy to read.
How to prepare for a job interview at NatWest
✨Understand the Risk Landscape
Familiarise yourself with the key concepts of risk management, especially in a financial services context. Be prepared to discuss how you would identify and mitigate risks, and demonstrate your understanding of operational risk frameworks.
✨Showcase Your Analytical Skills
Be ready to provide examples of how you've used data analysis to inform risk assessments in previous roles. Highlight any experience you have with scenario analysis methodologies and how they can be applied to real-world situations.
✨Communicate Effectively
Since excellent communication skills are crucial for this role, practice articulating your thoughts clearly and concisely. Prepare to discuss how you would present risk findings to stakeholders at various levels, ensuring you can influence decision-making.
✨Demonstrate Collaboration
This role involves working closely with different teams. Be prepared to discuss your experience in collaborating with first and second lines of defence, and how you balance assisting and challenging colleagues to manage risks effectively.
