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- Tasks: Identify and analyse operational risks using data-driven insights and develop interactive dashboards.
- Company: Join a forward-thinking company committed to equality and innovation.
- Benefits: Flexible working options, competitive salary, and opportunities for professional growth.
- Why this job: Make a real impact by enhancing risk management processes in a dynamic environment.
- Qualifications: Experience in risk analytics and proficiency in data visualisation tools required.
- Other info: Collaborative culture with a focus on continuous improvement and data literacy.
The predicted salary is between 50000 - 65000 £ per year.
The Senior Risk Analyst will play a pivotal role in identifying and analysing operational risks across the business using data-driven insights.
Department: Operational Risk
Location: Head Office, Chelsea House
Responsibilities:
- Oversee operational risk data sets, ensuring accuracy, consistency, and timely delivery for reporting and analysis.
- Prepare and deliver regular and ad-hoc reports for Operational Risk, maintaining strong data governance and addressing business insights requests.
- Develop and maintain interactive dashboards (e.g., Power BI) to support self-service data exploration and monitor key risk indicators (KRIs).
- Automate data transformation, reporting, and analytics processes using tools such as VBA, SQL, Python, Rivery, etc. to reduce manual tasks.
- Identify emerging risks, conduct deep-dive analyses, uncover trends, root causes, and provide data-driven insights.
- Support incident reporting, loss data management, and ensure data accuracy and integrity in risk-related processes.
- Collaborate and communicate effectively with leadership and stakeholders in person and online to ensure alignment with business needs and delivery of evolving requirements.
- Contribute to the enhancement of data processes, reporting frameworks, and risk management policies to improve operational efficiency.
- Develop and maintain documentation, user guides, and training materials to improve data literacy and support teams in managing operational risk.
- Support compliance with internal policies, external regulations, and audit requirements.
- Provide support to teams across the business on using data to understand and manage operational risk.
Essential Skills:
- Proven experience in risk analytics, data analysis, or business intelligence within retail, FMCG, or fast-paced consumer environments.
- Strong proficiency in data visualisation and analytics tools (e.g., Power BI, Snowflake, Tableau, SQL, Python).
- Experience working with large, complex datasets from multiple sources.
- Ability to communicate technical insights clearly to non-technical stakeholders.
- Strong analytical and problem-solving skills, with keen attention to detail.
- Comfortable with ambiguity, change, and managing shifting priorities.
- Ability to collaborate effectively across teams and stakeholders.
Desirable:
- Experience in fashion retail or eCommerce.
- Understanding of operational risk concepts and frameworks.
- Familiarity with regulatory risk requirements in the UK and Ireland.
- Understanding of enterprise risk management systems and risk event reporting tools.
Equal Opportunity: We are committed to equality of opportunity and welcome applications from individuals, regardless of age, gender, ethnicity, disability, sexual orientation, gender identity, socio-economic background, religion and/or belief. We will consider flexible working requests for all roles unless operational requirements prevent otherwise.
Senior Risk Analyst employer: River Island
Contact Detail:
River Island Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Senior Risk Analyst
✨Tip Number 1
Network like a pro! Reach out to current employees in the company or industry. A friendly chat can give you insider info and might even lead to a referral, which is always a bonus.
✨Tip Number 2
Prepare for interviews by practising common questions related to risk analysis and data management. We recommend using the STAR method to structure your answers – it helps you showcase your skills effectively!
✨Tip Number 3
Show off your skills with a portfolio! If you've worked on relevant projects, create a presentation or a dashboard demo. This gives you a chance to demonstrate your expertise in tools like Power BI and SQL.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets seen by the right people. Plus, we love seeing candidates who are proactive about their job search!
We think you need these skills to ace Senior Risk Analyst
Some tips for your application 🫡
Tailor Your CV: Make sure your CV speaks directly to the Senior Risk Analyst role. Highlight your experience in risk analytics and data analysis, especially in retail or fast-paced environments. We want to see how your skills align with our needs!
Showcase Your Skills: Don’t just list your technical skills; demonstrate them! If you’ve worked with tools like Power BI, SQL, or Python, give examples of how you’ve used them to solve problems or improve processes. We love seeing real-world applications!
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you’re passionate about operational risk and how you can contribute to our team. Keep it engaging and relevant to the job description – we want to feel your enthusiasm!
Apply Through Our Website: We encourage you to apply through our website for a smoother process. It helps us keep track of your application and ensures you don’t miss any important updates. Plus, it’s super easy – just follow the prompts!
How to prepare for a job interview at River Island
✨Know Your Data Tools
Make sure you brush up on your skills with data visualisation and analytics tools like Power BI, SQL, and Python. Be ready to discuss how you've used these tools in past roles to analyse operational risks and present findings.
✨Prepare for Scenario Questions
Expect questions that ask you to identify risks or trends from hypothetical data sets. Practise explaining your thought process clearly, as you'll need to communicate technical insights to non-technical stakeholders.
✨Showcase Your Collaboration Skills
Think of examples where you've worked effectively with different teams or stakeholders. Highlight how you ensured alignment with business needs and how you communicated complex information in an understandable way.
✨Stay Updated on Industry Trends
Familiarise yourself with the latest trends in operational risk management, especially within retail and eCommerce. Being able to discuss current challenges and regulatory requirements will show your commitment and knowledge in the field.