We are delighted to be partnering exclusively with a global insurer who are expanding their Risk function. They require a Senior Risk Analyst based in their Birmingham office, two days a week.

Role Purpose:

• Assisting with development and embedding of a fit for purpose risk management framework to enable the business to manage its financial and operational risks, including conduct risk, and adhering to Consumer Duty requirements.
• Assisting the Risk Manager with ensuring that the business adheres to the organisations Group regulatory standards and risk management framework requirements.
• Being a point of contact for the first line Risk Champions to provide guidance and support on risk management activities.
• Assisting in the setting the standards for risk management and promoting a risk centric culture within the business.
• Demonstrating a high work ethic and possess core knowledge and skills to support strategic objectives.

Duties & Responsibilities:

• Assisting with risk requests (including from the Group) in relation to adoption of policies, procedures, and other ad hoc risk queries as and when applicable.
• Assisting with actions and recommendations from all relevant audit reports, including Internal Audit to ensure timely delivery and closure.
• Assisting in the formation of the Risk Management Framework which includes, Risk Appetites, Emerging Risks, Risk Events.
• Providing support in the gathering of risk data and analysing trends for reporting to Board and Audit, Risk and Compliance Committee.
• Supporting the Risk Manager in administrative duties in keeping the risk registers up to date.
• Liaising with internal and external stakeholders to provide support and guidance on risk management.
• Assisting with annual review of the taxonomy, policies, and procedures to ensure they are up to date from a regulatory perspective.

Required Skills & Experience:

• Previous experience in developing and embedding risk frameworks within the insurance sector or fiancial services/banking sectors.
• Experienced in writing policies, procedures, and other ad hoc risk queries as and when applicable.
• Excellent knowledge of the Risk Management Cycle.
• Experience with risk analysis and reporting.
• Analytical mind with problem-solving aptitude.
• Excellent communication and presentations skills.
• A proactive approach to work, in terms of suggesting changes and improvements to processes and systems.
• Commercial awareness and the ability to understand broad business issues.

Benefits include:

• Pension - Employee 5%/Employer 10%
• 25 days holiday plus bank holidays (additional holiday after 3 years service)
• Leisure Allowance - £1000 (post probation)
• Medical Cover - Benefit in Kind (post probation)
• Group Income Protection/EAP (post probation)
• Group Life Insurance (post probation)