Risk Analyst (2Lod) - 6 Month FTC

Direct Line Group; Greater London; Hybrid; GBP 40,000 - 55,000; Full time

Job summary

A leading insurance company located in Greater London is seeking a Risk Analyst for a 6-month fixed-term contract. The role involves providing analytical insights into operational risks, ensuring compliance, and collaborating with stakeholders. The chosen candidate will have experience in the financial services sector and strong analytical skills. This position offers hybrid working with significant flexibility, numerous benefits including insurance discounts, a bonus scheme, and a commitment to an inclusive workplace.

Benefits

50% off home, motor and pet insurance

Up to 10% annual bonus

25 days holiday plus bank holidays

Health and Dental insurance options

EV car scheme for electric vehicle leasing

Buy as you earn share scheme

Employee discounts and cashback

Qualifications

• Understanding and experience within the insurance or financial services industry.
• Ability to present complex information clearly.
• Self-motivated and able to generate new ideas.

Responsibilities

• Provide data-led insights on operational risk matters.
• Support risk oversight and challenge of risk profiles.
• Conduct thematic and deep-dive reviews across the risk universe.

Skills

Numeracy and analytical skills

Planning and organisational skills

Problem-solving ability

Experience in risk assurance assessments

Tools

GRC systems

Job description

Risk Analyst

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

6 Month Fixed Term Contract

We're looking for a Risk Analyst to join our 2nd Line Risk function. 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 specialisation.

What you’ll do:

This role will support the Head of Business Risk discharge their responsibilities, by providing data led insight of 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:

• Utilisation 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.
• Work with the business to ensure the completeness and accuracy of risk information contained within Workiva, including its compliance with the Enterprise Risk Strategy & Framework (ERMF) and Risk Management Process Minimum Standard(s).
• Maintain and drive forward continuous improvements to key 2LoD risk documentation to support decision making including the Aggregated Risk Profile and 2LoD Opinion process.
• Review and challenge 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.
• Provide active support in the management and oversight of DLG’s Risk Appetite.
• Production of 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).
• Assist in the review, challenge and finalisation of papers for presentation at various committee and governance forums.
• Conduct 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); and
• Work 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.
• Promote a strong risk and control culture and general awareness of risk management within DLG.

Our hybrid model offers a 'best of both worlds' approach. When you'll be in the office depends on your role and team, but 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 would be preferred.
• 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.
• 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

• 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.

We want everyone to get the most out of their time at DLG. Which is why we’ve looked beyond the financial rewards and created an offer that takes your whole life into account. Supporting our people to work at their best – whatever that looks like – and offering real choice, flexibility, and a greater work‑life balance that means our people have time to focus on the things that matter most to them. 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 delighted to feature as one of the UK's Top 50 Inclusive Employers and are 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 the things that make you, you, are what bring potential to our business. We recognise and embrace people that work in different ways so if you need any adjustments to our recruitment process, please speak to the recruitment team who will be happy to support you.