Senior NFR Risk Analyst – Life 2LOD Oversight

M&G; City of Edinburgh; Hybrid; GBP 65,000 - 100,000; Full time

Benefits offered by this job

Pension up to 18%

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38 days holiday

Time Off When You Need It

Inspiring Families

Private Healthcare

Life Assurance

Job summary

M&G is seeking an Experienced Senior Analyst to oversee Life Non-Financial Risk across Life business areas and third-party relationships. You will apply risk frameworks, challenge RCSA, issues and events, and coordinate with Risk and Compliance SMEs to support governance outputs.

In this role, you will train and uplift teams, provide independent analysis of risk information, and drive continuous improvement in the risk framework. Flexibility in working arrangements will be considered.

Qualifications

• Experience within Operational Risk, Non-Financial Risk, Risk & Compliance or related control disciplines in a financial services environment.
• Strong understanding of risk management frameworks, governance and risk management processes.
• Expertise in risk management systems and technology platforms, in particular MetricStream.
• Significant experience undertaking independent review and challenge of RCSA, Issues, Events, Risk Acceptances and other Risk Framework activities.
• Ability to independently assess framework outputs and identify areas requiring challenge or escalation.

Responsibilities

• Lead day-to-day 2LOD oversight, challenge and Line 1 Risk engagement across assigned Life business areas and third-party relationships.
• Act as the primary Risk Framework contact for assigned business areas, supporting effective relationships with business stakeholders and first-line Risk teams.
• Act as Life NFR SME for Risk Framework application and MetricStream utilisation, providing guidance, challenge and support across the Life business.
• Lead framework oversight activities including review and challenge of RCSA, Issues, Events, KCAs, Processes and Risk Acceptances, ensuring effective identification and escalation of material concerns.
• Design and deliver Risk Framework training and support implementation of framework enhancements and continuous improvement initiatives.
• Provide independent analysis of risk information to identify emerging risks, recurring themes, control concerns and areas requiring escalation.
• Support assurance reviews, thematic assessments, project engagement and control environment assessments through planning, analysis, evidence gathering and fieldwork activities.
• Support development of Risk Opinions, Control Environment Assessments and governance outputs through analysis, drafting and insight generation.
• Coordinate engagement with specialist Risk and Compliance SMEs and support delivery of agreed actions and outcomes.
• Provide risk analysis and insight to support assurance planning, prioritisation and development of the Life NFR assurance agenda.

Skills

Operational Risk

NFR Knowledge

MetricStream

Governance

Stakeholder Mgmt

Training Design

Education

Professional qualification in risk/compliance

Tools

MetricStream

Analytics tools

Job description

M&G is seeking an Experienced Senior Analyst to oversee Life Non-Financial Risk across Life business areas and third-party relationships. You will apply risk frameworks, challenge RCSA, issues and events, and coordinate with Risk and Compliance SMEs to support governance outputs.

In this role, you will train and uplift teams, provide independent analysis of risk information, and drive continuous improvement in the risk framework. Flexibility in working arrangements will be considered.