Risk Analyst Financial

Emponics; Bristol; Hybrid; GBP 30,000 - 50,000; Full time

Job summary

An established industry player is seeking a Risk Officer to join their team in Bristol. This role offers a balanced work environment with a 50/50 split between home and office. You will play a pivotal role in compliance within the Motor Trade and Travel sectors, ensuring adherence to regulations and enhancing risk management practices. The company is committed to continuous training and development, providing a supportive atmosphere for career progression. Join a diverse team where your contributions will help shape the future of compliance in a dynamic industry.

Benefits

Continuous training and development

Career progression opportunities

Diversity and inclusion initiatives

Qualifications

• 2 years’ experience in Risk or Compliance roles is essential.
• Strong adherence to Treating Customers Fairly (TCF) principles.

Responsibilities

• Conduct second line reviews focusing on customer detriment risk.
• Manage incidents and handle complaints effectively.

Skills

Risk Management

Compliance Analysis

Customer Communication

Analytical Skills

Organizational Skills

Tools

FCA Handbook

Microsoft Office

Job description

Job Description

Risk Officer - this is a 50/50 split of Work from home and in office. Our client based in Bristol at Emersons Green near the junction of the M4 and M32 (so commutable from Bristol, Bath, Chippenham) are experts in the compliance industry; focusing mainly on the Motor Trade and Travel sectors. They have one of the UK's largest regulatory networks with many retail sites across the UK benefiting from a range of Finance and Insurance services.

By providing Appointed Representative status, they shoulder the burden of compliance (being Directly Authorised by the Financial Conduct Authority (FCA)) so their customers can concentrate on running their day-to-day businesses.

Critical Competencies:

• 2 years’ experience working within a Risk or Compliance role.
• Adherence to the ethos of Treating Customers Fairly (TCF) in all work activities.
• Completion of the company's Compliance Training program.
• Good investigative and analytical skills, including the ability to analyse processes and procedures against requirements and desired outcomes.
• Ability to critically review and make judgments on the compliance of written and oral communications against defined criteria.
• Good organisational skills and proactive workload management.
• Excellent written, oral communication, and presentation skills.

Desirable Skills and Experience:

• Experience in a retail insurance environment.
• Experience working with or for finance providers.
• Experience in a risk-related role.
• Understanding of the Motor and Travel industry sectors.
• Knowledge of the FCA Handbook and requirements such as DISP, PRIN, SYSC, ICOBS, SUP, and CONC.
• Excellent computer skills.
• Ability to work effectively as part of a team.

The company operates a three lines of defence model of risk management. The Risk function acts as the second line of defence, ensuring that the first line controls are effective. It is also responsible for completing second line reviews on other business departments focusing on customer detriment risk, managing incidents and breaches, horizon scanning, controlling network risk assessments, overseeing network member onboarding, and handling regulated complaints.

Key Deliverables:

• Managerial Support
• Incidents
• Complaint Handling
• Second Line Reviews
• Onboarding of New Network Members
• Thematic Reviews
• Horizon Scanning
• Network Risk Assessment
• Standard Operating Procedures
• Control Environment
• Training and Development

We pride ourselves on offering continuous training & development along with career progression opportunities for all employees. Appropriate training will be provided as the role demands, ensuring the individual is set up for success.

A Truly Diverse Place to Work

The company celebrates diversity and welcomes applications from everyone. We believe that fostering an inclusive culture is essential for good results. Attracting, retaining, and developing a diverse workforce where employees feel valued, respected, and empowered helps individuals reach their full potential. This diversity helps us better reflect and understand our customers’ needs, enabling us to drive better outcomes. As an organization, we adhere to Equal Opportunities legislation and the Equality Act 2010.