Risk Analyst

Job Introduction

Risk Analyst  

Salary - £33,000 - £37,000 (dependent on experience) 

12 month FTC 

London Hybrid 

As a Risk Analyst you’ll support in the implementation and oversight of the risk management framework for  Saga Insurance. 

You’ll be responsible for producing Risk Reporting, maintaining Risk Policies and Risk Registers, managing and ensuring periodic Control Self-Assessment testing and Incident Management, and conducting Root Cause Analysis investigations.  

Reporting to the Head of Risk Transformation , you’ll be actively engaging with key stakeholders and leaders to ensure risk management activity aligns with the Risk Framework promoting a standardised approach across the business 

We offer flexibility over where you work and you can choose a place that you feel most comfortable and productive, either from home or in one of our hubs in London, Ashford, or Sandwich. There will be a small hybrid element to this role, meeting on an ad hoc basis at our King Cross office in London.  

Role Responsibility

As a Risk Analyst, you will be responsible for Risk Management actions and reporting, including but not limited to Risk Registers across the organisation, Control Effectiveness and Self-Assessment Results, Key Risk Indicator MI and Incident Management oversight and RCA facilitation, other matters requiring circulation and formal submission. 

• Maintaining and facilitating regular reviews of the business risk register through risk workshop sessions and Senior Management Interviews, using standard/company-approved risk register templates and scoring tools. 

• Coordinating incident management and root cause analysis in accordance with the Saga Insurance Incident Policy; leading and supporting lessons learnt, deep dives and clean up activity; ensuring that it is conducted in accordance with internal guidance and has the customer at the heart of any prioritisation and decisions made  

• Supporting the prompt closure of incidents across the business, including co-ordinating with action owners and the providing regular updates that fall under my function/business area  

• Supporting the maintenance of key control documentation linked to the functional risk registers, incorporating guidance provided by 2LOD 

• Monitoring and challenging design and operational control effectiveness testing as required by control guidance material, ensuring that control weaknesses are identified as part of the process and action is taken to enhance the control framework 

• Risk Management Reporting, including but not limited to; Top and Emerging Risks, Control Effectiveness and Self-Assessment Results, Key Risk Indicator MI and Incident Management oversight; requiring circulation and formal submission to numerous fora in line with agreed timescales 

• Acting as a point of contact, fostering a positive, open and honest culture that prioritises good customer outcomes 

• Facilitating and/or attending various Risk Meetings, actively contributing and championing Risk Management, liaising with Technical and Business Leads to ensure risk commentary and mitigations accurately reflect the present position. 

• Liaising with the relevant business areas to ensure that any actions as a result of regulatory or legal changes are highlighted and actions are implemented 

The Ideal Candidate

As a Risk Analyst, you would have a proven experience in a risk environment, including experience using reporting tools and management systems. 

Whilst experience within the Insurance industry isn’t essential, having experience within financial services and/or a regulated environment will be a distinct advantage. 

Operational skills required include: 

• Highly organised and methodical, with the ability to juggle a multitude of tasks and deadlines, whilst working under pressure 

• Must be able to work to a high degree of accuracy – diligent approach to detail 

• Flexible approach, personable, pragmatic and able to embrace change 

• High work ethic and drive, with ability to self-manage 

• Demonstrable competence in writing clear and concise executive summaries and producing performance packs for senior management 

• Maintains discretion, confidentiality and professionalism 

• Positive outlook, with a solution-centric approach 

• Excellent communication skills across all business levels 

• The ability to foster a positive culture that prioritises good customer outcomes and shows high levels of engagement with the wider business. 

• Ability to see the broader picture and recognise the effects of actions/problems on all areas of the business 

• Effective use of Microsoft Word and Excel, and good general IT literacy 

Package Description

Everyday our colleagues deliver exceptional experiences to our customers. We believe exceptional work deserves even more exceptional rewards, that's why we have put together an amazing benefits package for all colleagues.

We offer total flexibility over where you work you choose a place that you feel most comfortable and productive, either from home or in one of our hubs in London, Ashford or Sandwich.

BENEFITS AVAILABLE TO ALL COLLEAGUES:

• Our working week is 35 hours per week, these can be worked flexibly to suit your working style
• 25 days holiday + bank holidays
• Option to purchase additional leave up to 5 extra days
• Pension scheme matched up to 10%
• Life assurance policy on joining us
• Wellbeing programme
• Colleague discounts including family discounts on cruises and holidays
• Range of reductions and offers from leading retailers, travel groups and entertainment companies
• Enhanced maternity and paternity leave
• Grandparents leave
• Company performance related annual bonus - Up to 5%
• Income protection
• Access to Saga Academy, our bespoke learning platform

About the Company

Over the past 70 years we have become the UK's specialist provider of products and services to people aged over 50 in the UK. The Saga brand has become one of the most recognised and trusted brands amongst UK consumers in this demographic, recognised for its high quality products and exceptional standards of service. These include cruises and holidays, insurance, personal finance and the Saga Magazine.

At Saga we are committed to treating all employees fairly and to offering equal opportunities in all aspects of employment and advancement. We value diversity not just because it is the right thing to do, but because diverse teams perform better.

We’re passionate about diversity, equity, and inclusion. Championing diversity is important to us, and diverse teams really are the best ones. We’re dedicated to creating a culture where every colleague feels like they belong. So that at Saga, more than anywhere else, you can be your best, be yourself and make a difference.

Fair consideration is given to all applicants, including those with disabilities and those over who are over the age of 50. As champions of age inclusivity and signatories of the Age-Friendly Employer Pledge, we are proud of our multigenerational teams. We are also an official Disability Confident Committed employer and ensure that our recruitment process is inclusive and accessible and we will make reasonable adjustments as required. For more information on our DEI policies please visit our Saga Careers page.

​Saga does not accept agency CVs unless specifically engaged on the role by the Talent Acquisition Team. Please do not forward CVs to our recruiters, employees or any other company location. Saga will not be responsible for any fees related to CVs received in this unsolicited manner.

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Saga Group