Insurance Risk Analyst *FTC until 31st May 2026*
Insurance Risk Analyst *FTC until 31st May 2026*

Insurance Risk Analyst *FTC until 31st May 2026*

London Full-Time 26400 - 36800 £ / year (est.) No home office possible
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At a Glance

  • Tasks: Support risk management and reporting for Saga Insurance, ensuring compliance and effective communication.
  • Company: Saga is a trusted brand providing services for people over 50 in the UK for over 70 years.
  • Benefits: Enjoy 25 days holiday, flexible working, and discounts on travel and insurance.
  • Why this job: Join a supportive team that values inclusivity and offers opportunities for personal growth.
  • Qualifications: Experience in risk management or financial services is preferred; strong organisational skills are essential.
  • Other info: This role is hybrid, allowing you to work from home or our London office.

The predicted salary is between 26400 - 36800 £ per year.

Insurance Risk Analyst *FTC until 31st May 2026*

Job Introduction

Salary – £33,000 – £8,000 (dependent on experience)

London Hybrid

As a Risk Analyst you’ll support in the implementation and oversight of the risk management framework for Saga Insurance.

You’ll be responsible for producing Risk Reporting, maintaining Risk Policies and Risk Registers, managing and ensuring periodic Control Self-Assessment testing and Incident Management, and conducting Root Cause Analysis investigations.

Reporting to the Head of Risk Transformation , you’ll be actively engaging with key stakeholders and leaders to ensure risk management activity aligns with the Risk Framework promoting a standardised approach across the business

We offer flexibility over where you work and you can choose a place that you feel most comfortable and productive, either from home or in one of our hubs in London, or Kent. There will be a small hybrid element to this role, meeting on an ad hoc basis at our King Cross office in London.

Role Responsibility

As a Risk Analyst, you will be responsible for Risk Management actions and reporting, including but not limited to policy framework oversight and administration. This could also include Risk Registers across the organisation, Control Effectiveness and Self-Assessment Results, Key Risk Indicator MI and Incident Management oversight and RCA facilitation, other matters requiring circulation and formal submission.

• Maintaining oversight of the business suite of policies, ensuring good documentation management, socialisation and archiving at all times. Ensuring coverage of the Saga risk universe is comprehensive and relevant through liaison with policy areas and coordination of relevant activity.

• Maintaining and facilitating regular reviews of the business risk register through risk workshop sessions and Senior Management Interviews, using standard/company-approved risk register templates and scoring tools.

• Coordinating incident management and root cause analysis in accordance with the Saga Insurance Incident Policy; leading and supporting lessons learnt, deep dives and clean up activity; ensuring that it is conducted in accordance with internal guidance and has the customer at the heart of any prioritisation and decisions made

• Supporting the prompt closure of incidents across the business, including co-ordinating with action owners and the providing regular updates that fall under my function/business area

• Supporting the maintenance of key control documentation linked to the functional risk registers, incorporating guidance provided by 2LOD

• Monitoring and challenging design and operational control effectiveness testing as required by control guidance material, ensuring that control weaknesses are identified as part of the process and action is taken to enhance the control framework

• Risk Management Reporting, including but not limited to; Top and Emerging Risks, Control Effectiveness and Self-Assessment Results, Key Risk Indicator MI and Incident Management oversight; requiring circulation and formal submission to numerous fora in line with agreed timescales

• Acting as a point of contact, fostering a positive, open and honest culture that prioritises good customer outcomes

• Facilitating and/or attending various Risk Meetings, actively contributing and championing Risk Management, liaising with Technical and Business Leads to ensure risk commentary and mitigations accurately reflect the present position.

• Liaising with the relevant business areas to ensure that any actions as a result of regulatory or legal changes are highlighted and actions are implemented

The Ideal Candidate

As a Risk Analyst, you would have a proven experience in a risk environment, including experience using reporting tools and management systems.

Whilst experience within the Insurance industry isn’t essential, having experience within financial services and/or a regulated environment will be a distinct advantage.

Operational skills required include:

• Highly organised and methodical, with the ability to juggle a multitude of tasks and deadlines, whilst working under pressure

• Must be able to work to a high degree of accuracy – diligent approach to detail

• Flexible approach, personable, pragmatic and able to embrace change

• High work ethic and drive, with ability to self-manage

• Demonstrable competence in writing clear and concise executive summaries and producing performance packs for senior management

• Maintains discretion, confidentiality and professionalism

• Positive outlook, with a solution-centric approach

• Excellent communication skills across all business levels

• The ability to foster a positive culture that prioritises good customer outcomes and shows high levels of engagement with the wider business.

• Ability to see the broader picture and recognise the effects of actions/problems on all areas of the business

• Effective use of Microsoft Word and Excel, and good general IT literacy

Saga Values: Make it Happen, Do the Right Thing, Customer First, Excellence Every Day, Our People Make Us Special

Package Description

At Saga we recognise that our people make us special. We believe our colleagues deserve rewards for the excellence they demonstrate every single day, that\’s why we have put together an amazing benefits package for all colleagues.

BENEFITS AVAILABLE TO ALL COLLEAGUES:

  • 25 days holiday + bank holidays
  • Option to purchase additional leave – 5 extra days
  • Pension scheme matched up to 10%
  • Company performance related annual bonus – Up to 5%
  • Colleague discounts including family discounts on cruises, holidays and insurance
  • Range of reductions and offers from leading retailers, travel groups and entertainment companies
  • Enhanced maternity and paternity leave
  • Grandparents leave
  • Income protection
  • Access to Saga Academy, our bespoke learning platform

About the Company

Over the past 70years we have become the UK\’s specialist provider of products and services to people aged over 50 in the UK. We’re one of the most recognised and trusted brands amongst UK consumers in this demographic, recognised for its high-quality products and exceptional standards of service. Our product portfolio includes cruises, holidays, insurance, personal finance products andour Saga Magazine.

We aim to be the most-trusted brand for older people in the UK. Our focus on delivering exceptional products and service empowers our colleagues to create moments that are personal and special for our customers and for each other. Our values underpin our approach and help guide us to deliver our purpose.

We’re committed to making sure that colleagues can be their best, be themselves and make a difference – more than anywhere else. We do this by creating a truly inclusive culture, where all colleagues can bring their full and authentic selves to work and be treated with dignityand respect in an environment that is free from discrimination and harassment.

Thanks to our people, Saga has been ranked 6th in the UK’s Best Employers 2025 by the Financial Times and Statista. This recognition, based on the voices of 20,000 employees across the UK, is a testament to the great culture we’ve built together. This award belongs to all our colleagues who collectively make Saga a fantastic place to work.

We are champions of age inclusivity and signatories of the Age-Friendly Employer Pledge, we are proud of our multigenerational teams we have in place. We’re also a committed Disability Confident employer and ensure that our recruitment process is inclusive and accessible.

Your application will have fair consideration, and you’ll receive personal communication throughout your applicant journey when you apply to join Saga.

For more information on our DEI policies, colleague stories and other opportunities across the business, please visit Jobs and careers with Saga

Saga does not accept agency CVs unless specifically engaged on the role by the Talent Acquisition Team. Please do not forward CVs to our recruiters, employees or any other company location. Saga will not be responsible for any fees related to CVs received in this unsolicited manner.

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Insurance Risk Analyst *FTC until 31st May 2026* employer: Saga Group

Saga is an exceptional employer that prioritises the well-being and growth of its employees, offering a flexible hybrid working model that allows you to choose your most productive environment. With a comprehensive benefits package including generous holiday allowances, performance-related bonuses, and access to bespoke learning platforms, Saga fosters a culture of inclusivity and respect, making it a rewarding place to build your career in the insurance sector. Recognised as one of the UK's Best Employers, Saga empowers its colleagues to make a meaningful impact while championing age inclusivity and diversity.
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Contact Detail:

Saga Group Recruiting Team

StudySmarter Expert Advice 🤫

We think this is how you could land Insurance Risk Analyst *FTC until 31st May 2026*

✨Tip Number 1

Familiarise yourself with the risk management framework used in the insurance industry. Understanding how risk registers and control self-assessments work will give you a solid foundation to discuss during interviews.

✨Tip Number 2

Network with professionals in the insurance and financial services sectors. Attend industry events or join relevant online forums to connect with people who can provide insights and potentially refer you to opportunities.

✨Tip Number 3

Brush up on your analytical skills, particularly in using reporting tools and management systems. Being able to demonstrate your proficiency in these areas will set you apart from other candidates.

✨Tip Number 4

Prepare to discuss your approach to incident management and root cause analysis. Be ready to share examples of how you've handled similar situations in the past, as this will showcase your problem-solving abilities.

We think you need these skills to ace Insurance Risk Analyst *FTC until 31st May 2026*

Risk Management
Root Cause Analysis
Control Self-Assessment
Incident Management
Risk Reporting
Policy Framework Oversight
Stakeholder Engagement
Data Analysis
Attention to Detail
Excellent Communication Skills
Microsoft Excel Proficiency
Microsoft Word Proficiency
Organisational Skills
Problem-Solving Skills
Ability to Work Under Pressure

Some tips for your application 🫡

Tailor Your CV: Make sure your CV highlights relevant experience in risk management and reporting. Use keywords from the job description to demonstrate that you understand the role and its requirements.

Craft a Strong Cover Letter: Write a cover letter that specifically addresses how your skills and experiences align with the responsibilities of the Risk Analyst position. Mention your ability to manage multiple tasks and your attention to detail, as these are crucial for this role.

Showcase Relevant Skills: Emphasise your organisational skills, ability to work under pressure, and proficiency in Microsoft Word and Excel. Provide examples of how you've successfully managed similar tasks in previous roles.

Highlight Your Communication Skills: Since the role involves liaising with various stakeholders, make sure to mention your excellent communication skills. Provide examples of how you've effectively communicated complex information to different audiences.

How to prepare for a job interview at Saga Group

✨Understand the Risk Management Framework

Familiarise yourself with the risk management framework that Saga Insurance uses. Be prepared to discuss how you can contribute to its implementation and oversight, and think of examples from your past experience that demonstrate your understanding of risk management principles.

✨Showcase Your Analytical Skills

As a Risk Analyst, you'll need strong analytical skills. Prepare to discuss specific tools or methodologies you've used in previous roles for risk reporting, control assessments, or root cause analysis. Highlight any relevant software proficiency, especially in reporting tools.

✨Communicate Effectively

Excellent communication is key in this role. Practice articulating complex risk concepts in a clear and concise manner. Be ready to provide examples of how you've successfully communicated with stakeholders at various levels in your previous positions.

✨Emphasise Your Organisational Skills

The job requires juggling multiple tasks and deadlines. Prepare to discuss how you manage your time and prioritise tasks effectively. Consider sharing specific instances where your organisational skills led to successful outcomes in a high-pressure environment.

Insurance Risk Analyst *FTC until 31st May 2026*
Saga Group
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  • Insurance Risk Analyst *FTC until 31st May 2026*

    London
    Full-Time
    26400 - 36800 £ / year (est.)

    Application deadline: 2027-07-15

  • S

    Saga Group

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