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For Companies At a Glance
- Tasks: Support risk management activities and collaborate with teams to embed risk practices.
- Company: Join a leading insurance firm committed to inclusivity and diversity.
- Benefits: Competitive salary, professional development, and a supportive work environment.
- Why this job: Make a real impact in risk management while growing your career.
- Qualifications: Degree level education and experience in risk management preferred.
- Other info: Dynamic team culture with opportunities for training and development.
The predicted salary is between 36000 - 60000 £ per year.
The Senior Risk Analyst, working as part of the 2nd line of defense, is responsible for supporting the European Enterprise Risk Management team in conducting various risk management activities within the agreed ERM Function plan(s). The Senior Risk Analyst will work closely with the business and other corporate functions to support the embedding of risk management practices in the organization. The role reports to the Risk Director.
The Role
- Risk Assessment
- Assist with the maintenance and monitoring of all Risk and Control Assessments for lines of business and corporate functions.
- Support and facilitate risk assessment processes, such as new products, risk acceptance etc., including the maintenance of relevant logs and action tracking.
- Assist with the regulatory capital management assessment processes, including scenario analysis, analysis of resources, wind-down planning and drafting associated reporting.
- Support the management of the Emerging Risk process.
- Reporting
- Collate and analyse data to support the production of relevant risk analysis and risk reporting.
- Assist with the production of regular committee risk reporting to set deadlines.
- Monitoring
- Assist with the maintenance and monitoring of the risk issues, including associated action plans.
- Support the Risk team with minutes of meetings and the development and monitoring of associated action logs.
- Training and Awareness
- Partner with segment, geography and corporate function Risk Co-ordinators on all aspects of the ERM Framework, i.e., risk & control assessment process, risk issues, incidents, GRC system, training etc.
- Assist with the development and delivery of risk management training to lines of business and corporate functions.
- Support the implementation of the GRC tool across Europe, including required training.
Qualifications
- Educated to degree level or equivalent and a relevant professional qualification would be advantageous.
- Experience in a similar position, preferably in the insurance sector, is desirable.
- Good knowledge of risk management processes.
- Team player, excellent interpersonal and influencing skills and the ability to maintain effective working relationships.
- Excellent communication skills, both verbal and written.
- Ability to work in a highly collaborative environment.
- Excellent IT skills, in particular MS Excel, Word and PowerPoint and user experience of GRC systems.
- Highly organised, comfortable working autonomously and to strict deadlines.
- Meticulous attention to detail.
At WTW, we believe difference makes us stronger. We want our workforce to reflect the different and varied markets we operate in and to build a culture of inclusivity that makes colleagues feel welcome, valued and empowered to bring their whole selves to work every day. We are an equal opportunity employer committed to fostering an inclusive work environment throughout our organisation. We embrace all types of diversity.
We're committed to equal employment opportunity and provide application, interview and workplace adjustments and accommodations to all applicants. If you foresee any barriers, from the application process through to joining WTW, please email candidate.helpdesk@willistowerswatson.com.
Senior Risk Analyst in City of London employer: Willis Towers Watson
Contact Detail:
Willis Towers Watson Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Senior Risk Analyst in City of London
✨Tip Number 1
Network like a pro! Reach out to your connections in the risk management field and let them know you're on the lookout for opportunities. A friendly chat can lead to insider info about job openings that aren't even advertised yet.
✨Tip Number 2
Prepare for interviews by brushing up on your knowledge of risk management processes. Be ready to discuss how you've tackled similar challenges in the past. We want you to show off your skills and experience confidently!
✨Tip Number 3
Don’t forget to tailor your approach! Research the company’s risk management practices and be prepared to discuss how you can contribute to their goals. This shows that you’re genuinely interested and have done your homework.
✨Tip Number 4
Apply through our website! It’s the best way to ensure your application gets noticed. Plus, we love seeing candidates who take the initiative to connect with us directly.
We think you need these skills to ace Senior Risk Analyst in City of London
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the Senior Risk Analyst role. Highlight your experience in risk management and any relevant qualifications. We want to see how your skills align with what we're looking for!
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you're passionate about risk management and how you can contribute to our team. Keep it concise but impactful – we love a good story!
Showcase Your Skills: Don’t forget to highlight your IT skills, especially with MS Excel and GRC systems. If you've got experience with risk assessment processes or training, make sure to mention that too. We’re all about those details!
Apply Through Our Website: We encourage you to apply through our website for a smoother process. It’s the best way to ensure your application gets into the right hands. Plus, it shows us you’re keen on joining our team at StudySmarter!
How to prepare for a job interview at Willis Towers Watson
✨Know Your Risk Management Basics
Make sure you brush up on your risk management knowledge before the interview. Understand key concepts like risk assessment processes, regulatory capital management, and emerging risks. This will help you speak confidently about how you can contribute to the team.
✨Showcase Your Analytical Skills
Prepare to discuss specific examples where you've used data analysis to support risk reporting or decision-making. Highlight your experience with tools like MS Excel and any GRC systems you've worked with. Being able to demonstrate your analytical prowess will set you apart.
✨Emphasise Team Collaboration
Since this role requires working closely with various teams, be ready to share experiences that showcase your teamwork and interpersonal skills. Talk about how you've successfully partnered with others to implement risk management practices or deliver training.
✨Prepare Questions About the Role
Have a few thoughtful questions ready to ask at the end of your interview. Inquire about the current challenges the Risk team is facing or how they measure success in this role. This shows your genuine interest and helps you assess if the company is the right fit for you.
