Find a job 
Featured Companies 
Featured Universities 
For Companies At a Glance
- Tasks: Monitor and manage financial risks while collaborating with key stakeholders.
- Company: Join a leading financial services company focused on risk management.
- Benefits: Enjoy 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 40000 - 50000 £ 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.
Experience and qualifications
- 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 in London employer: Utmost Group
Contact Detail:
Utmost Group Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Financial Risk Analyst in London
✨Network Like a Pro
Get out there and connect with people in the industry! Attend events, join online forums, or even hit up LinkedIn. The more you engage, the better your chances of landing that Financial Risk Analyst role.
✨Ace the Interview
Prepare for those interviews by brushing up on your risk management knowledge and understanding the company’s approach to financial risks. Practice common interview questions and be ready to showcase your analytical skills and proactive mindset.
✨Show Off Your Skills
Don’t just talk about your experience; demonstrate it! Bring examples of how you've tackled financial risks in the past. Use data and metrics to back up your claims and show how you can add value to the team.
✨Apply Through Our Website
Make sure to apply directly through our website for the best chance at getting noticed. We love seeing candidates who take the initiative to engage with us directly!
We think you need these skills to ace Financial Risk Analyst in London
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 Skills: In your application, emphasise your communication skills and ability to work both independently and as part of a team. We love candidates who can build positive relationships and contribute to our collaborative environment.
Apply Through Our Website: Don’t forget to apply through our website! It’s the best way to ensure your application gets noticed. Plus, you’ll find all the details you need about the role and our company culture there.
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. Familiarise yourself with the company's risk appetite framework and be ready to discuss how you would monitor and manage these risks effectively.
✨Showcase Your Analytical Skills
Prepare to demonstrate your analytical skills by discussing past experiences where you've successfully identified and mitigated financial risks. Use specific examples that highlight your ability to develop effective solutions and your understanding of risk management analysis.
✨Communicate Clearly
Good communication is crucial in this role. Practice articulating complex financial concepts in a clear and concise manner. Be prepared to explain how you would build and maintain positive relationships with stakeholders, including the Financial Risk Manager and CRO.
✨Stay Updated on Regulations
Since the role involves compliance with FCA and PRA standards, make sure you're up-to-date with the latest regulations in the UK. Be ready to discuss how these regulations impact financial risk management and how you would ensure compliance in your work.