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- Tasks: Monitor and manage financial risks while collaborating with key stakeholders.
- Company: Join a leading financial services company focused on risk management.
- Benefits: Competitive salary, professional development, and a supportive work environment.
- Why this job: Make a real impact in financial risk management and grow your career.
- Qualifications: Part qualified actuary with experience in financial risk and regulatory environments.
- Other info: Dynamic team atmosphere with opportunities for learning and advancement.
The predicted salary is between 36000 - 60000 £ per year.
Play a key role in overseeing and monitoring the management of the financial risks of the company, and work with the first line to assess/ensure effectiveness of frameworks and processes that identify, monitor and manage financial risks. Work with the Financial Risk Manager and CRO to provide ongoing second line oversight of the first line's management of credit risks and ALM activities, including review and challenge of the design and operating effectiveness of governance and controls.
Work with the Financial Risk Manager and CRO to oversee the effectiveness of internal credit rating methodologies and processes maintained by the investment team, including deep-dive reviews, as appropriate. Contribute to the second line review, challenge, and reporting on project, commercial, and strategic proposals (including Bulk Purchase Annuity deals, reinsurance arrangements, and acquisition activity).
Monitor financial risk metrics, in line with the Company's risk appetite framework and contribute to the production of second line risk reporting to governance committees. Support the Financial Risk Manager and CRO in second line oversight of the management of Matching Adjustment-related risks and engage with the first line in support of MA applications to the regulator.
Contribute to ORSA Report content and preparation. Support the Financial Risk Manager and CRO in the second line review of key actuarial assumptions and methodologies, and first line financial analysis and reports. Participate in the delivery of second line independent validation of aspects of the Partial Internal Model (PIM) (under Solvency UK), track and review the closure of Independent Validation findings, and support various second line oversight activities in respect of the PIM.
Perform broader enterprise risk oversight and support the CRO and wider risk team in maintaining an effective Enterprise Risk Management Framework and Risk Appetite Framework, including the Risk and Control Self-Assessment registers and risk incident process. This includes supporting the development and operation of second line-owned tools and processes in the framework. Ad hoc tasks as required.
Comply with the FCA's conduct (and senior conduct) and Consumer Duty rules and the PRA's conduct (and senior manager conduct) standards as set out.
Core Competencies- Proactive, motivated and able to assimilate new skills/information quickly.
- Ability to develop effective solutions to issues/problems.
- Good communication skills (written and verbal) and an ability to build and maintain positive relationships.
- Good risk management analysis skills/understanding of risk.
- Well-organised, good attention to detail, able to prioritise effectively, work both independently and part of a team, and work to deadlines.
- Strong appetite to learn and develop.
- Part qualified actuary (or given up exams) with at least two years' experience as a financial risk professional (Life industry or Pensions Fund Investment with credit risk and or ALM risk experience).
- Experience of the regulatory environment in the UK.
- Understanding and experience of investments within the life or pensions industry, especially credit risk and illiquid assets.
- Previous risk management experience (1st and/or 2nd line).
Financial Risk Analyst employer: Utmost Group
Contact Detail:
Utmost Group Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Financial Risk Analyst
✨Tip Number 1
Network like a pro! Reach out to professionals in the financial risk field on LinkedIn or at industry events. A friendly chat can open doors that a CV just can't.
✨Tip Number 2
Prepare for interviews by diving deep into the company’s risk management strategies. Show us you know your stuff and how you can contribute to their financial risk oversight.
✨Tip Number 3
Practice your communication skills! Being able to explain complex risk concepts clearly is key. We want to see you can build relationships and convey ideas effectively.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets noticed. Plus, we love seeing candidates who take that extra step.
We think you need these skills to ace Financial Risk Analyst
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the Financial Risk Analyst role. Highlight relevant experience, especially in credit risk and ALM activities, and don’t forget to showcase your analytical skills and attention to detail!
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you’re passionate about financial risk management and how your background makes you a perfect fit for our team. Keep it concise but impactful!
Showcase Your Communication Skills: Since good communication is key in this role, make sure your written application reflects that. Use clear and professional language, and don’t hesitate to demonstrate your ability to build positive relationships through your examples.
Apply Through Our Website: We encourage you to apply directly through our website. It’s the best way to ensure your application gets into the right hands and shows us you’re serious about joining our team at StudySmarter!
How to prepare for a job interview at Utmost Group
✨Know Your Financial Risks
Make sure you brush up on the key financial risks relevant to the role, such as credit risk and ALM activities. Be prepared to discuss how you would assess and manage these risks, and think of examples from your past experience that demonstrate your understanding.
✨Showcase Your Analytical Skills
As a Financial Risk Analyst, strong analytical skills are crucial. Prepare to talk about specific tools or methodologies you've used in previous roles to analyse financial risks. Bring along any relevant reports or analyses you've completed to showcase your expertise.
✨Communicate Effectively
Good communication is key in this role, especially when working with different teams. Practice explaining complex financial concepts in simple terms. You might be asked to present a scenario or solution, so being clear and concise will help you stand out.
✨Understand Regulatory Frameworks
Familiarise yourself with the FCA and PRA regulations that impact financial risk management. Be ready to discuss how these regulations influence your approach to risk assessment and management, and show that you can navigate the regulatory landscape effectively.