Senior Risk Analyst - M&G plc.

eFinancialCareers; City of Edinburgh; Hybrid; GBP 60,000 - 90,000; Full time

Benefits offered by this job

Wellbeing support

Pension scheme

Flexible working

Job summary

M&G plc is seeking an experienced Senior Analyst in Non-Financial Risk for the Life division. You will provide dedicated non-financial risk oversight, challenge and framework governance across Life areas, engaging with first-line Risk teams and third parties.

You will lead RCSA reviews, issues, events and KCAs, design risk framework training, and deliver insights to support the assurance agenda. Flexible working arrangements may be considered.

Qualifications

• Experience in Operational Risk, Non-Financial Risk or related control disciplines in financial services.
• Strong understanding of risk management frameworks, governance and processes.
• Expertise with risk management systems and MetricStream.
• Significant experience reviewing RCSA, Issues, Events and Risk Framework activities.
• Ability to assess framework outputs and identify escalation needs.
• Strong business partnering and stakeholder management with first-line Risk teams.
• Experience designing governance support and Risk Framework guidance.
• Strong analytical capability to identify emerging risks and trends.

Responsibilities

• Lead day-to-day 2LOD oversight and challenge across Life business areas and third-party relationships.
• Act as primary Risk Framework contact for assigned areas and support relationships with stakeholders.
• Serve Life NFR SME for Risk Framework application and MetricStream usage.
• Lead framework oversight activities including review of RCSA, Issues, Events and KCAs.
• Design and deliver Risk Framework training and support framework enhancements.
• Provide independent analysis of risk information to identify emerging risks and escalation needs.
• Support assurance reviews, thematic assessments and control environment reviews.
• Coordinate with Risk and Compliance SMEs to deliver agreed actions and outcomes.

Skills

Operational Risk

Non-Financial Risk

Risk & Compliance

Risk management frameworks

MetricStream

Stakeholder management

Training design

Data analytics

Education

Professional qualification progress (IRM/ACCA/IIA)

Tools

MetricStream

Job description

At M&G, our purpose is to give everyone real confidence to put their money to work. With a heritage dating back more than 175 years, we have a long history of innovation in savings and investments, combining asset management and insurance expertise to offer a wide range of solutions.

Our two distinct operating segments, Asset Management and Life, work together to provide access to balanced, long-term investment and savings solutions.

Through telling it like it is, owning it now and moving it forward together with care and integrity; we are creating an exceptional place to work for exceptional talent.

We will consider flexible working arrangements for any of our roles and offer workplace adjustments to ensure you have the support you need to succeed in your role.

Context: M&G plc, as a major UK listed financial services provider, is required to operate effective risk management across the organisation. The Senior Analyst reports to the Senior Risk Manager - Assurance, Insight & Automation and provides dedicated non-financial risk (NFR) oversight and support across the Life NFR agenda.

The role will provide NFR guidance, oversight and challenge across Life business areas; undertaking risk framework oversight and assurance activities; and supporting the identification, assessment, escalation and reporting of material non-financial risks.

Key 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.

Experience Required

Essential

• 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.
• Strong business partnering and stakeholder management skills, with experience engaging directly with business stakeholders and first-line Risk teams.
• Experience designing and delivering training, governance support and Risk Framework guidance.
• Strong analytical capability with the ability to identify emerging risks, trends, recurring themes and cross-business read-across.
• Experience supporting end-to-end assurance review activities, including planning, analysis, evidence gathering and fieldwork.
• Experience supporting thematic assessments, project engagement and control environment reviews.
• Strong written communication skills with the ability to contribute to Risk Opinions, Control Environment Assessments and governance outputs.
• Experience coordinating multiple stakeholders and managing competing priorities within a regulated environment.

Desirable

• Experience in life insurance, pensions or other financial services operations.
• Experience using data analytics and reporting tools to support risk oversight and insight generation.
• Relevant professional qualification or progress towards qualification (e.g. IRM, CII, ACA, CIMA, ACCA, IIA or equivalent).

Experience Level - Experienced Colleague

What we offer:

We're dedicated to supporting your wellbeing and helping you thrive, both at work and beyond. Our benefits are designed to help you balance your professional and personal life , and financially plan for the future.

Our UK benefits include :

• A valuable pension sch