Operational Governance Senior Analyst

Polo; Cheltenham; On-site; GBP 50,000 - 70,000; Full time

Benefits offered by this job

Hybrid working

Private health insurance

Life assurance

Enhanced pension contributions

Job summary

Polo in Cheltenham is seeking an Operational Governance Senior Analyst to bolster the design, implementation, and continuous improvement of the organisation's Operational Resilience framework, ensuring compliance with FCA/PRA and Lloyd's requirements. Periodic London office attendance may be required.

You will help map Important Business Services, monitor third‑party dependencies, manage risk, and support audit and regulatory responses, ensuring robust governance and resilience across critical

Qualifications

• Experience in operational risk, business continuity, resilience, or third‑party risk management within insurance or financial services.
• Understanding of UK regulatory requirements (FCA/PRA Operational Resilience framework, SS1/21) and outsourcing/third‑party risk requirements (SS2/21).
• Experience supporting framework implementation, governance processes, and documentation.

Responsibilities

• Support implementation and ongoing enhancement of the Operational Resilience framework in line with UK regulatory requirements and Lloyd's Principles.
• Assist in identifying and maintaining mapping of Important Business Services and key dependencies, including third parties, to ensure accuracy as the business evolves.
• Support activities within the Operational Resilience cycle, including tracking vulnerabilities/remedial actions and scenario testing across critical business functions.
• Maintain documentation and evidence to demonstrate regulatory compliance.
• Contribute to regulatory responses (FCA/PRA/Lloyd's) and audit activity.
• Maintenance of Operational Resilience framework and supporting documentation, including policies, logs and annual self‑assessment.
• Support the Operational Resilience Steering Group, including preparation of papers for review.
• Assist with onboarding of syndicates including review of target operating model and third‑party arrangements.
• Support ongoing management of outsourcing and third‑party risk management framework, covering all critical third parties.
• Track and follow up on ongoing monitoring activity - including performance/SLA review, resilience checks on providers, and due diligence renewal.

Skills

Operational risk

Business continuity

Operational resilience

Third-party risk management

Stakeholder engagement

Job description

Operational Governance Senior Analyst

Department: Managing Agency

Employment Type: Permanent

Location: Cheltenham

Reporting To: Head of Operational Governance

Description

Location: Cheltenham (London office attendance may be required on a periodic basis)

The Operational Governance Senior Analyst will support the design, implementation, and continuous improvement of the organisation's Operational Resilience framework, ensuring compliance with UK regulatory expectations (FCA/PRA) and Lloyd's market requirements, alongside supporting the outsourcing and third-party risk management framework across all critical third parties, in line with SS2/21.

The role will contribute to embedding resilience and robust third-party governance across important business services, third-party dependencies, and operational processes, ensuring the business can prevent, respond to, and recover from disruptions.

Key Responsibilities

• Support implementation and ongoing enhancement of the Operational Resilience framework in line with UK regulatory requirements and Lloyd's Principles.
• Assist in identifying and maintaining mapping of Important Business Services and key dependencies, including third parties, to ensure accuracy as the business evolves.
• Support key activities within the Operational Resilience cycle, including tracking of vulnerabilities / remedial actions and scenario testing across critical business functions.
• Maintain documentation and evidence to demonstrate regulatory compliance.
• Contribute to regulatory responses (FCA/PRA/Lloyd's) and audit activity.
• Maintenance of Operational Resilience framework and supporting documentation, including policies, logs and supporting production of the annual self-assessment.
• Support the Operational Resilience Steering Group, including preparation of papers and packs for review.
• Assist with onboarding of syndicates including review of target operating model and set up of third-party arrangements.
• Support the ongoing management of the outsourcing and third-party risk management framework, covering all critical third parties.
• Track and follow up on ongoing monitoring activity - including performance/SLA review, financial and operational resilience checks on providers, and renewal of due diligence.

Skills, Knowledge and Expertise

• Experience in operational risk, business continuity, operational resilience, or third-party risk management within insurance or financial services.
• Understanding of UK regulatory requirements (FCA/PRA Operational Resilience framework, SS1/21) and outsourcing/third-party risk requirements (SS2/21) would be beneficial.
• Experience supporting framework implementation and governance processes.
• Experience in process mapping and documentation.
• Excellent written and verbal communication skills.
• Ability to engage with stakeholders across all levels of the organisation.
• Demonstrates behaviours aligned to the PoloWorks PRIDE values:

• Pioneering - we don't stand still
• Responsible - We do the right thing
• Inclusive - we all play a role
• Delivery Focused- we provide services we are proud of
• Empowering - we equip people to be their best

Key Competencies

• Strong attention to detail and structured approach
• Proactive and self-driven
• Collaborative and able to influence stakeholders
• Strong organisational and time management skills
• Ability to manage multiple priorities in a fast-paced environment

Benefits

As well as a competitive salary, discretionary annual bonus, and a minimum 24 days of annual leave (with the option to buy more), you will also get an excellent benefits package, including flexible, hybrid working, private health insurance, life assurance, income protection, enhanced pension contributions, and occupational maternity and paternity pay.

You will also have access to company volunteering days, an Electric Vehicle (EV) leasing scheme, an employee assistance programme with retail discounts and savings, a generous employee referral scheme, regular sports and social events, and free Cheltenham bus travel.

Benefits Band 2