Risk Analyst

Role Description


Frameworks and Policies:

  • Supporting development, and monitoring the implementation, of all relevant Frameworks and Policies in relation to  risk management
  • Supporting the revision and updating of relevant risk management Frameworks, Policies, Systems, Processes and Tools on a periodic basis and supporting the communication and embedding of these in the First Line effectively
  • Supporting the Risk Manager in ensuring that the above Frameworks and Tools cover risk identification, assessment, mitigation, monitoring and reporting
  • Supporting the First Line in designing controls for the effective management of risk

Procedures and Operating Rhythm:

  • Supporting the risk identification and assessment processes conducted by the First Line (specific to People and Process risks and for designated areas) which includes supporting top-down risk assessments as well as collating, reviewing and challenging the ‘bottom-up’ risk and control assessments prepared by relevant first line colleagues
  • Supporting the Manager in reviewing, checking and challenging relevant Risk and Control Self-Assessments (RCSAs) completed and submitted by First Line business functions to ensure that these are complete, consistent and meet appropriate quality standards (as stipulated in relevant Frameworks and Policies)
  • Providing advice and guidance relating to risk management practices, standards and procedures for the effective management of People and Process risks (including preparation and implementation of relevant risk management training materials or other culture initiatives), as directed by the Manager Non-Financial Risk
  • Supporting oversight of the effectiveness of systems and controls in place relating to People and Process risk management
  • Building collaborative and constructive working relationships across all relevant Frist Line business functions, for example: Group Operations, Payments, Procurement, Fraud (FCLPU), HR, Finance, Distribution, AMU and other internal Head Office teams

MI and Reporting:

  • Monitoring and Reporting on risks (for designated areas) through use of the ORM (Operational Risk Management) System
  • Supporting development of escalation processes and effective reporting to appropriate Management bodies as appropriate (for example, relating to risk events or  breaches of risk appetite)
  • Supporting the identification and reporting of any gaps in the Group’s risk management
  • Monitoring emerging trends relating to risks (for designated areas) and working collaboratively with First Line colleagues to ensure that risk management processes are updated to reflect any potential enhancements or changed requirements

Technical Competencies


  • Financial services industry experience with considerable knowledge of risk management associated with the assigned business line.
  • Knowledge of applicable risk management and control guidelines or requirements.
  • Bachelor's degree required
  • Excellent communication skills – written and verbal and an ability to work effectively with First Line colleagues in the management and delivery of  risk and control assessments
  • Good analytical skills, relevant for the preparation of relevant risk reports
  • Solid critical thinking skills: creative, strategic and practical ability to focus on the most vital areas, problem-solving skills and strong business and relationship judgement
  • Proficient in Power Point, Excel, Word, Outlook and appropriate Risk Management Software Packages
  • Consistent problem-solving ability with acute attention to detail and sharp analytical skills.
  • Ability to multitask and manage priorities with little supervision.
  • Proven ability to work well with technical and non-technical staff across numerous areas. 
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