At a Glance
- Tasks: Monitor and manage financial risks while collaborating with key stakeholders.
- Company: Join a leading firm in the financial sector focused on risk management.
- Benefits: Competitive salary, professional development opportunities, and a supportive work environment.
- Other info: Dynamic team culture with opportunities for career advancement.
- 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 a passion for learning.
The predicted salary is between 60000 - 60000 £ per year.
Responsibilities
- 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).
- #J-18808-Ljbffr
Financial Risk Analyst employer: Utmost International
As a Financial Risk Analyst at our company, you will be part of a dynamic team dedicated to maintaining the highest standards of financial risk management. We pride ourselves on fostering a collaborative work culture that encourages professional growth and development, offering comprehensive training and mentorship opportunities. Located in a vibrant area, our company not only provides competitive benefits but also promotes a healthy work-life balance, making it an excellent employer for those seeking meaningful and rewarding careers in the financial sector.
StudySmarter Expert Advice🤫
We think this is how you could land Financial Risk Analyst
✨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.
✨Connect on Professional Platforms
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 Utmost International. 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 Financial Risk Analyst
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 Utmost International.
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 Utmost International'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 Utmost International
✨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 Utmost International.
✨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 Utmost International 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 Utmost International 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.
