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- Tasks: As a Risk Analyst, you'll manage risk reporting and policies while engaging with stakeholders.
- Company: Saga is a trusted brand providing services for those aged 50+, known for quality and exceptional service.
- Benefits: Enjoy 25 days holiday, flexible working, and discounts on travel and insurance.
- Why this job: Join a supportive culture that values diversity and offers opportunities for growth and learning.
- Qualifications: Experience in risk management or financial services is preferred; strong organisational and communication skills are essential.
- Other info: This is a hybrid role with flexibility to work from home or the London office.
The predicted salary is between 27500 - 42000 £ per year.
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
- Maintaining oversight of the business suite of policies, ensuring good documentation management, socialisation and archiving at all times.
- Maintaining and facilitating regular reviews of the business risk register through risk workshop sessions and Senior Management Interviews.
- Coordinating incident management and root cause analysis in accordance with the Saga Insurance Incident Policy.
- Supporting the prompt closure of incidents across the business, including co-ordinating with action owners and providing regular updates.
- Supporting the maintenance of key control documentation linked to the functional risk registers.
- Monitoring and challenging design and operational control effectiveness testing as required by control guidance material.
- Risk Management Reporting, including but not limited to; Top and Emerging Risks, Control Effectiveness and Self-Assessment Results.
- 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 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
- Proven experience in a risk environment, including experience using reporting tools and management systems.
- Highly organised and methodical, with the ability to juggle a multitude of tasks and deadlines.
- Must be able to work to a high degree of accuracy.
- 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.
- Maintains discretion, confidentiality and professionalism.
- Positive outlook, with a solution-centric approach.
- Excellent communication skills across all business levels.
- Ability to foster a positive culture that prioritises good customer outcomes.
- 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
- 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%.
- Life assurance policy on joining us, 4 x salary.
- Wellbeing programme.
- 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 70 years we have become the UK’s specialist provider of products and services to people aged over 50 in the UK. The Saga brand has become 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.
At Saga we are committed to treating all employees fairly and to offering equal opportunities in all aspects of employment and advancement. We value diversity not just because it is the right thing to do, but because diverse teams perform better.
Fair consideration is given to applications from all applicants, including those with disabilities and those over who are over 50 as we are champions of age inclusivity.
Insurance Risk Analyst *FTC until 31st May 2026* - London Hybrid employer: Saga
Contact Detail:
Saga Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Insurance Risk Analyst *FTC until 31st May 2026* - London Hybrid
✨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 for the role.
✨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. Think of examples from your past experience where you've successfully navigated similar challenges, as this will show your practical understanding of the role.
We think you need these skills to ace Insurance Risk Analyst *FTC until 31st May 2026* - London Hybrid
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in risk management and any specific skills mentioned in the job description, such as reporting tools and management systems. Use keywords from the job listing to demonstrate your fit for the role.
Craft a Compelling Cover Letter: Write a cover letter that showcases your understanding of the role and the company. Mention how your previous experiences align with the responsibilities of the Risk Analyst position and express your enthusiasm for contributing to Saga's risk management framework.
Highlight Relevant Skills: In your application, emphasise your organisational skills, attention to detail, and ability to work under pressure. Provide examples of how you've successfully managed multiple tasks or projects in the past, particularly in a risk or financial services environment.
Showcase Communication Abilities: Since the role involves liaising with various stakeholders, include examples of your strong communication skills. Mention any experience you have in producing executive summaries or performance packs for senior management, as this is crucial for the position.
How to prepare for a job interview at Saga
✨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 to produce risk reports and conduct root cause analysis. Prepare to discuss specific tools or methodologies you've used in previous roles to analyse data and report findings. Highlight your attention to detail and accuracy in your work.
✨Engage with Stakeholders
Since the role involves liaising with key stakeholders, be ready to talk about your experience in stakeholder engagement. Share examples of how you've effectively communicated risk-related information to different levels within an organisation and how you fostered positive relationships.
✨Demonstrate Flexibility and Adaptability
The job requires a flexible approach and the ability to embrace change. Prepare to discuss situations where you've had to adapt to new processes or changes in the workplace. Emphasise your solution-centric mindset and how you prioritise customer outcomes in your decision-making.
