Senior Data Risk Analyst

BGL Insurance; London; Hybrid; GBP 50,000 - 70,000; Full time

Job summary

BGL Insurance seeks a Senior Data Risk Analyst to enhance their Data Risk team. Responsibilities include monitoring Data Risk, managing reporting and Risk mitigation activities while ensuring compliance with relevant legislation. The role encourages growth into a future Manager position, promoting a strong culture of Risk Management within an inclusive work environment.

Benefits

Generous holiday allowance

Private healthcare

Electric car scheme

Paid development days

Wellbeing and CSR days

Qualifications

• Experience within Financial Services or other regulated environment.
• Qualification or relevant experience in Risk Management.

Responsibilities

• Ensure accurate reporting of Data’s Risk position and Risk Mitigation activities.
• Develop and maintain the Data Risk Framework.
• Monitor and manage incidents with stakeholders.

Skills

Stakeholder Management

Risk Management

Data Privacy Awareness

Communication

Organizational Skills

Education

Industry recognized professional qualification (e.g., CISM, CISSP)

Job description

Our purpose is to make great financial decision making a breeze for everyone, and that purpose drives us every day.
It’s why we’re on a mission to create an automated quoting engine, with the simplest of experiences, wrapped in a brand everyone loves!
We change lives by making it simple to switch and save money and that’s why good things happen when you meerkat.

We’d love you to be part of our journey.
This is a key role in the Data Risk team with responsibility for providing monitoring and reporting of the Data Risk profile, including Data Management, Data Privacy, 3rd Party Management, Model Management and Data Ethics. The Senior Data Risk Analyst will need to coordinate Risk Mitigation activities, requiring excellent stakeholder management skills, engaging members of Data, Data Engineering, Technology and Information Security. The Senior Data Risk Analyst will need to exhibit a broad understanding of Data Governance and Privacy, and the appropriate regulatory framework to ensure that company practices align to relevant policy, standards and legislation. The Senior Data Risk Analyst will also need to promote a culture of Risk Management and specifically Data Risk awareness across the company. The Senior Data Risk Analyst will need to report against Key Risk and Control Indicators, communicating with stakeholders, coordinating remediation activity. Key to this role is the ability to interpret technical information, in the context of the regulatory and legislative frameworks, and to work collaboratively to investigate and implement solutions.

We have a clear succession plan in place, so if you're an ambitious Senior Data Risk Analyst looking to grow into a future Manager role, this could be the ideal next step for you.

Everyone is welcome.
We have a culture of creativity. We approach our work passionately, improve constantly and celebrate our wins at every turn. We are an inclusive workplace and our employees are comfortable bringing their authentic, whole selves to work. Everyone is welcome. Be you.
This means we’re excited to hear from people with a range of skills, experiences and ideas. We don’t expect you to tick all the boxes, but would love to hear what makes you great for this role.

Some of the great things you’ll do:
• Ensure the accurate and timely reporting of Data’s Risk position, as well as reporting against the progress of appropriate Risk Mitigation activities, including working with 2nd Line for appropriate challenge and development.
• Maintenance and development of the Data Risk Framework to ensure that Data Risk has an effective Risk Mitigation plan in place to remain within Risk Appetite.
• Monitoring and management of Incidents, working with stakeholders to understand and resolve Incidents, and consider mitigation actions.
• Champion a culture of Risk Management across Data Management and Data Privacy.
• Working with the Data Protection Office to ensure that upcoming regulatory requirements are reflected, and that appropriate Legal opinion is sought and incorporated into Data Risk.
• Engage with other departments to scan for potential Risk items through the Data Design Authority and the Artificial Intelligence Design Authority.
• Provide support for the Data Maturity Programme Board & Executive Risk Forum.
• Represent Data Risk in Data Privacy Incidents and Customer Ops complaints and queries, providing relevant expert advice on CtM and Data’s risk appetite, to resolve incidents and complaints, and to support subsequent retrospectives/root cause analyses.
• Conduct Control Testing & Validation as per annual plans as agreed with 2nd Line.
• Conduct regular reviews of Causes, Risks, Impacts, Controls and Indicators in agreement with 2nd Line.

What we’d like to see from you:
• Experience within Financial Services or other regulated environment.
• An understanding of Audit or Control Validation & Assurance
• Industry recognized professional qualification; eg PIIA, IRMCert, CISM, CISSP, CISA, CIPP/E would be preferred, but not essential
• Self motivated & works under own initiative.
• Intellectual curiosity
• Qualification or relevant experience in Risk Management
• Awareness of Data and Data Privacy, plus relevant legislation and regulation.
• Strong written and verbal communication skills
• Excellent stakeholder management skills
• Good organizational and management skills

There’s something for everyone.
We’re a place of opportunity. You’ll have the tools and autonomy to drive your own career, supported by a team of amazingly talented people.
And then there’s our benefits. For us, it’s not just about a competitive salary and hybrid working, we care about what matters to you. From a generous holiday allowance and private healthcare to an electric car scheme and paid development, wellbeing and CSR days, we’ve pretty much got you covered!

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