Risk Analyst (2Lod)

Risk Analyst

Location: London – Hybrid working (2 days per week in the office)

Contract: 6 Month Fixed Term Contract

We're looking for a Risk Analyst to join our 2nd Line Risk function. Our Risk and Compliance teams keep us one step ahead, always. With links to every part of the business, we have opportunities to develop your skills no matter your specialisation.

What you’ll do:

This role will support the Head of Business Risk by providing data-led insight into operational risk matters through the analysis of risk metrics and management information.

You will support Risk oversight and challenge of Group and business area risk profiles through:

• Utilisation of the Group risk management system, Workiva, to provide thorough analysis of risk actions, events, controls, metrics, and management information for review.
• 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).
• Maintaining and driving forward continuous improvements to key 2LoD risk documentation to support decision making.
• Reviewing and challenging controls and actions to ensure appropriateness to address any gaps identified.
• Regular engagement with wider Risk teams to understand 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 an aggregated view of Risk Profile and notable Events and Actions for discussion.
• Assisting in the review, challenge, and finalisation of papers for presentation at various committee and governance forums.
• Conducting thematic and deep-dive reviews across the risk universe to provide assurance that Group-level risks are appropriately articulated and rated.
• Working collaboratively with the Risk Framework team to facilitate activities and provide insight to central Enterprise Risk Management processes.
• Providing advice and guidance on changes within appetite and supporting strong control environments across the Group.
• Promoting a strong risk and control culture and general awareness of risk management within DLG.

Our hybrid model offers a 'best of both worlds' approach. Colleagues spend at least 2 days a week in the office.

What you'll need:

• An understanding and experience within the insurance industry or similar financial services.
• Strong numeracy, analytical, and research skills.
• Strong planning and organisational 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.

Benefits:

We offer excellent benefits to suit your lifestyle and a flexible working model combining the best parts of home and office-working. Core benefits include:

• 9% employer contributed pension.
• 50% off home, motor, and pet insurance plus free travel insurance and 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.

We want everyone to get the most out of their time at DLG. Our benefits are about more than just the money you earn. They’re about recognising who you are and the life you live.

Be yourself

Direct Line Group is an equal opportunity employer, and we think diversity of background and thinking is a big strength in our people. We're committed to making our business an inclusive place to work, where everyone can be themselves and succeed in their careers.

We know you're more than a CV, and we recognise and embrace people that work in different ways. If you need any adjustments to our recruitment process, please speak to the recruitment team who will be happy to support you.