Risk Analyst
London or Birmingham - Hybrid working (2 days per week in the office)
Let's make the most of your talent
At Direct Line Group, insurance is just the start. Combining decades of industry experience with talented people in every field from data, technology, customer care and auto repair, to HR, finance and procurement, we're a customer-obsessed market powerhouse. We all work together to be brilliant for customers every single day.
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 specialization.
What you'll do
This role will support the Head of Business Risk in discharging their responsibilities by providing data-led insights on 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 through:
* Utilization of the Group risk management system, Workiva, to provide thorough analysis of risk actions, events, controls, metrics, and management information for review by the Head of Area.
* Working with the business to ensure the completeness and accuracy of risk information contained within Workiva, including compliance with the Enterprise Risk Strategy & Framework (ERMF) and Risk Management Process Minimum Standard(s).
* Maintaining and driving forward continuous improvements to key 2LoD risk documentation to support decision-making including the Aggregated Risk Profile and 2LoD Opinion process.
* Reviewing and challenging controls and actions to ensure appropriateness to address any gaps identified.
* Regular engagement with wider Risk teams to understand any compliance, regulatory, or financial themes affecting business area risk profiles.
* Providing active support in the management and oversight of DLG's Risk Appetite.
* Producing monthly reporting on Risk areas to the Operational Risk Committee (ORC), including provision of an aggregated view of Risk Profile as well as any notable Events and Actions for discussion and review (with support of the broader Risk team).
* Assisting in the review, challenge, and finalization of papers for presentation at various committee and governance forums.
* Conducting thematic and deep-dive reviews across the risk universe (as required) to provide assurance that Group-level risks are appropriately articulated and rated, with appropriate addressing actions (where necessary).
* Working collaboratively with the Risk Framework team to facilitate activities (where required) and provide insight to central Enterprise Risk Management processes such as the Risk & Control Self-assessment Process and Emerging Risk process.
* Providing advice and guidance on changes within appetite and supporting building strong control environments across the Group.
* Promoting a strong risk and control culture and general awareness of risk management within DLG.
What we are looking for
* An understanding and experience within the insurance industry, or similar financial services would be preferred.
* Strong numeracy, analytical, and research skills.
* Strong planning and organizational skills.
* Awareness of the balance between risk, control, and growth.
* Self-motivated, able to generate new ideas and solve problems.
* Strong Stakeholder Engagement skills.
* Experience of conducting thematic risk assurance assessments.
* Ability to explain complex issues and present technical information clearly.
* Experience of GRC systems would be beneficial.
What we'll give you in return:
We wouldn't be where we are today without our people and the wide variety of perspectives and life experiences they bring. That's why we offer excellent benefits to suit your lifestyle and a flexible working model combining the best parts of home and office-working, varying with the nature of your role. Core benefits include:
* 9% employer contributed pension.
* 50% off home, motor, and pet insurance plus free travel insurance and Green Flag breakdown cover.
* Up to 10% annual bonus.
* 25 days holiday (rising by 1 each year to 28) + bank holidays and option to buy or sell up to 5 days.
* Additional optional Health and Dental insurance.
* EV car scheme allows all colleagues to lease a brand new electric or plug-in hybrid car in a tax-efficient way.
* Buy as you earn share scheme.
* Employee discounts and cashback.
Ways of Working
Our hybrid model way of working offers a 'best of both worlds' approach combining the best parts of home and office-working, offering flexibility for everyone. When you'll be in the office depends on your role, but most colleagues are in 2 days a week, and we'll consider the flexible working options that work best for you.
There's no one else like you. No one with the exact same mix of strengths, quirks, skills, and thoughts. That's why you could belong here. As part of a team of brilliant individuals, in a place that empowers you to be the best you can be. We're proud of who we are, of what we do, and what every single one of us brings. Join us. Help us keep innovating and putting customers at the heart of everything. To be an insurance company of the future. When we work together, we can all achieve great things. Inspiring, challenging, and supporting each other to aim higher.
Together we're one of a kind.
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