Risk Analyst (2Lod)

Direct Line Insurance Group plc; London; Hybrid; GBP 40,000 - 70,000; Full time

Job summary

An established industry player is seeking a Risk Analyst to join their dynamic team in London. This exciting role involves providing data-driven insights into operational risk, engaging with key stakeholders, and enhancing risk management practices across the organization. You will have the opportunity to work closely with various teams, ensuring compliance with regulatory standards while promoting a robust risk culture. With a hybrid working model, you can enjoy the flexibility of working from home while still collaborating in the office. This is a fantastic opportunity to develop your skills in a supportive environment that values diversity and inclusion.

Benefits

9% employer-contributed pension

50% off home, motor, and pet insurance

Free travel insurance

Up to 10% annual bonus

25 days holiday (rising to 28)

Optional health and dental insurance

EV car scheme

Buy as you earn share scheme

Employee discounts and cashback

Qualifications

• Experience in the insurance industry or similar financial services is preferred.
• Strong analytical and numeracy skills are essential for this role.

Responsibilities

• Provide data-led insights into operational risk matters.
• Support risk oversight and challenge of risk profiles.

Skills

Analytical Skills

Numeracy Skills

Stakeholder Engagement

Problem-Solving

Planning and Organizational Skills

Education

Experience in Insurance or Financial Services

Tools

Workiva

GRC Systems

Job description

Risk Analyst
London - Hybrid working (2 days per week in the office)

DLG is evolving. Across every facet of our business, our teams are embracing new opportunities and putting customers at the heart of everything they do. By joining them, you'll have the opportunity to not just be recognised for your skills but encouraged to build upon them and empowered to do your absolute best.

We're looking for a Risk Analyst to join our 2nd Line Risk function. From Upstream Risk, Regulatory Advice and Compliance Management Information to Privacy and Data Protection, our Risk and Compliance teams keep us one step ahead, always. With links to every part of the business, and the responsibility for keeping people safe and compliant with all regulatory, claims, and underwriting controls, we've got opportunities to develop your skills no matter your specialisation.

What you'll do:

This role will support the Head of Business Risk in their responsibilities by providing data-led insights into operational risk matters, through the analysis of risk metrics, management information, and interaction with key stakeholders.

You will support risk oversight and challenge of Group and business area risk profiles by:

1. Utilising the Group risk management system, Workiva, to analyze risk actions, events, controls, metrics, and management information for review by the Head of Area.
2. Collaborating with the business to ensure the completeness and accuracy of risk information within Workiva, including compliance with the Enterprise Risk Strategy & Framework (ERMF) and Risk Management Process Minimum Standards.
3. Maintaining and improving key 2LoD risk documentation to support decision-making, including the Aggregated Risk Profile and 2LoD Opinion process.
4. Reviewing and challenging controls and actions to ensure they address identified gaps.
5. Engaging with wider Risk teams to understand compliance, regulatory, or financial themes affecting risk profiles.
6. Supporting the management and oversight of DLG's Risk Appetite.
7. Producing monthly reports on Risk areas for the Operational Risk Committee (ORC), including an overview of the Risk Profile and notable Events and Actions.
8. Assisting in the review and finalization of papers for committee and governance forums.
9. Conducting thematic and deep-dive risk reviews to ensure risks are well-articulated, rated, and appropriately addressed.
10. Collaborating with the Risk Framework team to facilitate activities and provide insight into central Enterprise Risk Management processes.
11. Offering advice on changes within risk appetite and supporting the development of strong control environments.
12. Promoting a risk and control culture and increasing risk management awareness within DLG.

Our hybrid model offers a 'best of both worlds' approach. When you'll be in the office depends on your role and team, but colleagues spend at least 2 days a week in the office.

What you'll need:

• Experience or understanding of the insurance industry or similar financial services is preferred.
• Strong numeracy, analytical, and research skills.
• Excellent planning and organizational skills.
• Aware of the balance between risk, control, and growth.
• Self-motivated with the ability to generate ideas and solve problems.
• Strong stakeholder engagement skills.
• Experience conducting thematic risk assurance assessments.
• Ability to explain complex issues clearly and present technical information effectively.
• Experience with GRC systems is beneficial.

Benefits:

We value our people and the diverse perspectives they bring. Our benefits include:

• 9% employer-contributed pension
• 50% off home, motor, and pet insurance, plus free travel insurance and breakdown cover
• Up to 10% annual bonus
• 25 days holiday (rising to 28), plus bank holidays, with options to buy or sell days
• Optional health and dental insurance
• EV car scheme for leasing electric or hybrid cars
• Buy as you earn share scheme
• Employee discounts and cashback

Our benefits aim to support your overall well-being, work-life balance, and personal growth.

Be yourself

Direct Line Group is committed to diversity and inclusion. We are proud to be one of the UK's Top 50 Inclusive Employers and aim to create a welcoming environment where everyone can succeed. We recognize that your unique background and experiences are valuable. If you need adjustments during the recruitment process, please contact our recruitment team.

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