Senior Risk Analyst
5 days ago
City of London
POSITION: Senior Risk Analyst ASSIGNMENT NO: 28914 LOCATION: London Expertise: Knowledge and Qualifications: • Degree level qualification preferably in risk management or similar analytical discipline, • Preferably 5 years' experience working in insurance industry preferably in risk management, • Experience of a broad range of risk types, • Numerate and able to draw appropriate conclusion through analysis of data, • Focus on problem solving and comfortable with multi-tasking, • Good level of communication both verbal and written, • Excellent people skills, • Strong attention to detail, • Acts with professionalism, reliability and integrity, • Diligent, self-driven and organised, with excellent time management skills Role: • To support the Risk Manager in the development and maintenance of a robust risk management system. Key Accountabilities: Risk Register: • Take ownership and assist senior members with operational risk assessment and control activities, • Responsible for running and overseeing the self-certification process for risk register, • Assessing the management response on control effectiveness and escalating issues to the Risk Managers, • Assist the senior members in agreeing, designing and implementing changes in risk/control framework with the risk and control owners and assess ongoing appropriateness of mitigation strategies, • Liaise with wider business teams on the effectiveness of control activities and work in collaboration to identify and resolve issues, • Responsible for the routine maintenance of the risk register, • Maintenance of risk and issue log, • Preparation of quarterly reports on risk and control effectiveness, • Effective running of the monthly/quarterly processes, • Timely resolution and reporting of issues and agreed actions, • Work with the business to articulate, develop and report on appropriate controls and risk measures across a broad range of risk types, • Undertake ad-hoc risk assessments (e.g. key projects, strategic developments) where required, • Support the day-to-day implementation of agreed risk management procedures, and practices; suggest enhancements where appropriate, • Understand how key company policies and procedures translate into the risk framework, • Assist the senior members in periodic review of policies, procedures and internal/external reporting, • Closely work with the senior members in developing and maintaining the Risk Management Procedures, • Effective management of business stakeholders to achieve objectives of their risk framework, • Identify and suggest opportunities for process enhancement, • Work with business to ensure timely resolution and reporting of risks issues and agreed actions, • Collaborate across risk team, • Responsible for running the risk appetite reporting process and drafting reporting for internal review, • Assessing the risk exposures with the wider business and escalating issues to the Risk Manager, • Assist Risk Manager in maintaining a consistent framework of appetite/ tolerances across a Global business and work with the senior members on applicable enhancements, • Assist the senior members in regular reporting, • Effective running of the monthly/quarterly processes, • Robust, consistent reporting, • Review and constructively challenge any supplied risk information while interacting tactfully, • Assist the senior members in embedding and enhancing the use of the risk management system in daily activities of the risk team and within the business, • Support the team in ensuring that the risk management system is being utilised correctly by the business, • Effective use of the risk management system, • Play a key role in the annual regulatory reporting processes and project management, • Assist the senior members in developing and maintaining a consistent framework of reporting, • Provide input into drafting of report and present consistent information in a concise manner based on information and risk analysis, • Assist senior members in the design and implementation of stress and scenario tests, • Robust management of the annual regulatory reporting cycle, • Work with the senior members to research and identify industry trends and hot topics relating to emerging risk(s) that could impact our clients business and other local entities, • Maintain the Emerging Risk Register and monitoring and reporting process, • Assist the senior members in Emerging Risk Group reporting, • Understand key operational processes within an insurance company, and work with the business to articulate, develop and report on appropriate controls and risk measures, • Liaise with the business to understand causes and establish appropriate mitigations to prevent reoccurrence, • Ensure operational events are recorded, • Support risk oversight of operational resilience assessments and reviews as required, • Timely and complete recording of operational incidents and establishment of remedial actions, • Assist the Risk team in performing risks assessment that are required in respect of strategic initiatives, • Support the ongoing development of risk management processes, • Keep up to date with the industry developments and escalate potential issues for the risk framework, • Proactive attitude towards learning and making valuable contribution, • Identify and suggest opportunities for process enhancement, • Always Takes responsibility for own and colleagues’ Health & Safety, • Statutory, personnel and Company Health & Safety policy regulations are adhered to, • To ensure customers are always treated fairly, in accordance with the Conduct Risk Policy and other relevant policies and procedures, • Compliance with applicable Regulatory Requirements and Lloyd's Minimum Standards (where applicable), • Satisfactory performance as reflected in relevant Conduct Risk MI, • To be aware and adhere to all obligations under GDPR, ensuring that the business complies with these requirements, • Adherence to Antares Global policies and procedures in relation to GDPR, • Timely completion of ongoing training in relation to GDPR, • To avoid breaches and to report them to the Data Protection Officer when they occur regardless of whether electronic or on paper