At a Glance
- Tasks: Lead risk management activities and support operational teams in understanding and mitigating risks.
- Company: Join Unum, a specialist employee benefits provider focused on creating healthy workplaces.
- Benefits: Hybrid work model, supportive culture, and opportunities for personal and professional growth.
- Other info: Inclusive workplace committed to supporting diverse applicants and career development.
- Why this job: Shape a positive risk culture and make a real impact across diverse operational areas.
- Qualifications: Experience in operational risk, governance, or compliance, ideally in financial services.
The predicted salary is between 45000 - 55000 £ per year.
We’re a specialist employee benefits provider, striving to create healthy, happy workplaces. As part of the international Unum Group, we’re on a collective mission to help the working world thrive.
The role
We're looking for an experienced Risk Analyst to join our First Line Operational Risk team and play a key role in embedding effective risk management across the business. This role is well suited to someone with a background in Operational Risk, Risk & Controls, Governance, Compliance or Audit, ideally within a regulated environment such as Financial Services.
What will you bring?
This is an exciting opportunity for someone looking to play a key role in shaping a positive risk culture, helping operational teams understand, assess and mitigate risks while balancing commercial and customer outcomes. The role offers excellent exposure across the business, providing opportunities to partner with a wide range of stakeholders and gain insight into diverse operational areas. This is a hybrid role with 3 days in office and 2 days working from home, therefore you must be commutable to either our Basingstoke or Dorking offices.
What will you be doing?
- You’ll take part and lead on first line risk management activities across the business, helping ensure risks are understood, controlled and managed effectively.
- You’ll work closely with operational teams, project stakeholders and risk colleagues to provide guidance, oversight and challenge, while helping to strengthen risk awareness and ownership across Unum.
Key Responsibilities Will Include:
- Facilitating Risk & Control Self-Assessments (RCSAs), ensuring risks, controls and actions remain current and effective.
- Supporting business projects and change initiatives by identifying potential risks and control impacts early in the process.
- Acting as a trusted risk partner to operational teams, helping translate risk concepts into clear, practical actions for non-risk stakeholders.
- Overseeing the investigation and resolution of operational risk events and incidents, including root cause analysis and lessons learned activity.
- Producing meaningful risk reporting, dashboards and management information for senior leaders and governance forums.
- Building strong relationships across the business to drive accountability, challenge thinking and embed a positive risk culture.
- Supporting operational resilience, business continuity and risk improvement initiatives when required.
- Working closely with Second Line Risk teams to ensure alignment with regulatory expectations and risk frameworks.
What are we looking for?
- Proven experience within operational risk, first line risk, controls or governance roles, ideally within financial services or a regulated environment.
- Hands-on experience facilitating RCSA (Risk & Control Self-Assessment) activities.
- Confident identifying, assessing and articulating risk impacts to a broad range of stakeholders, including those with limited risk knowledge.
- The ability to provide practical, commercial risk advice while maintaining appropriate challenge and oversight.
- Experience supporting projects or business change initiatives from a risk perspective.
- Analytical skills with the ability to interpret risk data, identify themes and present insights clearly.
- Excellent communication and stakeholder management skills, with the confidence to influence at multiple levels of the organisation.
- Exposure to incident management, risk event reviews and root cause analysis.
- Strong organisational skills with the ability to manage multiple priorities and deadlines.
Why join us?
At Unum, we’ve created a workplace where people feel supported to progress and grow, and can see their ambitions coming to life. As a part of our commitment to creating an inclusive workplace, we actively encourage applications from those with disabilities and those with long-term health conditions. We are proud to be a Disability Confident Employer.
Operational Risk Analyst in Basingstoke employer: Unum UK
At Unum, we pride ourselves on being a leading employee benefits provider that fosters a supportive and inclusive work environment in Dorking. Our commitment to employee growth is evident through our generous benefits package, including performance-based incentives, extensive health support, and opportunities for professional development, making us an excellent employer for actuaries looking to thrive in their careers.
StudySmarter Expert Advice🤫
We think this is how you could land Operational Risk Analyst in Basingstoke
✨Tap into Campus Networks
If you're still in uni, don’t forget to engage with your campus's career services and attend finance-related events. Banks often do presentations and recruitment drives on campus, so put yourself out there and make use of these opportunities to show off your passion for the field.
✨Get Certified
Consider pursuing relevant certifications like the CFA or ACCA while you’re job hunting. They not only beef up your CV but also connect you with professional bodies which can lead to networking opportunities and even job openings in banking and financial services.
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Join finance-focused groups on platforms like LinkedIn and engage in discussions. This can really help you stand out from the crowd, allowing potential employers to see your knowledge and interest in industry trends. Plus, you might stumble upon job postings shared exclusively within the group.
✨Apply Directly and Be Proactive
Don’t shy away from reaching out directly to firms like Unum UK. Use their websites and apply through them, but also consider following up with a polite email to express your enthusiasm. Being proactive can make a huge difference in getting noticed in the competitive financial services sector.
We think you need these skills to ace Operational Risk Analyst in Basingstoke
Some tips for your application 🫡
Show Off Your Numbers!:In the banking and financial services world, quantifiable achievements are key. Make sure your CV highlights your grades in relevant subjects, any financial certifications you hold, and specific projects where you've delivered measurable results. Employers love to see how your skills translate into real-world success.
Tailor Your Cover Letter to the Role:When applying for a full-time position, your cover letter should make a direct connection between your experience and the job description. Don't just state your enthusiasm for finance—dive into how your background in banking or financial analysis sets you apart. Let your passion shine through while being specific about what you can bring to Unum UK.
Include Relevant Financial Software Experience:If you've worked with financial modelling tools or software like Excel, SAP, or specific analytical tools during your studies or internships, bring that up! Highlighting your proficiency can really make your application pop and show you're ready to hit the ground running in a full-time role.
Research and Reflect:Before hitting that 'apply' button on Unum UK's website, do a little digging. Look up their recent projects, values, and culture. Reflecting their ethos in your application can make a huge difference and show you’re genuinely interested in being part of the team!
How to prepare for a job interview at Unum UK
✨Brush Up on Financial Analysis Skills
Make sure you're well-versed in financial concepts and analytical techniques relevant to banking and financial services. Get comfortable with tools like Excel for modelling or financial forecasting, as technical questions in this area are common during interviews with Unum UK.
✨Prepare for Case Studies
Expect to tackle case studies that demonstrate your problem-solving skills in real-world banking scenarios. Familiarise yourself with the types of problems you might face—think risk assessments or investment evaluations—and be ready to articulate your thought process clearly.
✨Show Your Passion for Finance
Since this is a full-time position, employers at Unum UK will be keen to see your genuine interest in finance. Be prepared to discuss recent industry trends or news articles that excite you, showcasing your enthusiasm and engagement with the field.
✨Network with Industry Professionals
Before your interview, reach out to current or former Unum UK employees on platforms like LinkedIn. They'll offer unique insights into the company's culture and the interview process, which can give us a delightful edge in showcasing a good fit for the team.