Risk Analyst

General Job description and person specification Job Title: Risk Analyst Key Relationships:     Internally: Risk Management, Internal Audit, Compliance, Risk Owners, Control Reporters, Underwriters, Claims and managers of support functions.  Externally: Regulators. Job Summary: To facilitate the efficient operation of the risk management framework. Key Responsibilities Support in enhancing, implementing and embedding core components of the enterprise risk management framework. Support the team in its core risk assurance processes, which will include activities such as leading the preparation of materials for the risk and control self-attestation. Support the risk managers in providing challenge of Beazley’s first line processes around key risks to the business, including operational risk, group risk, strategic risk and legal and regulatory risk. Play a key role in maintaining the risk management system and data to ensure it is complete and up to date. Manage the ongoing development of the risk management system functionality and supporting processes. Aid in maintaining Beazley’s risk management framework documentation, ensuring they are reviewed and updated regularly. Help prepare risk management reports for appropriate committees. Ensure close collaboration with other risk managers, sharing their workload as appropriate. Participate in project work as required. Build and maintain a network of internal and external contacts. Keep abreast of market best practice and regulatory requirements.   Specific Maintain Beazley’s risk management system data and ensure it is complete and up to date Support the ongoing development of risk management system functionality and supporting processes. Act as the system point person for the business and interact with the vendor and IT department as required. Support Beazley’s risk and control self assessment (RCSA) and reporting cycle. Maintain operational risk management reporting across different platforms (i.e. PowerBI, Excel) Provide risk management focused technical and analytical support to the Risk team and wider business General           It is important that within all your interactions both internally and externally you adhere Beazley’s core values - Being Bold, Striving for Better, and Doing the Right Thing as they contribute to an internal environment of teamwork and promote a positive brand image and experience to our external customers. We also expect Beazley employees to:   Comply with Beazley procedures, policies and regulations, including the code of conduct. Undertake training on Beazley policies and procedures as delivered by your line manager, the Culture & People or assurance teams (compliance, risk, internal audit) either directly, via e-learning or via the learning management system. Display business ethics that uphold the interests of all our customers. Ensure all interactions with customers are focused on delivering a fair outcome, including having the right products for their needs. Comply with any specific responsibilities necessary for your role as outlined by your line manager, the Culture & People or assurance teams (compliance, risk, internal audit) and ensure you keep up to date with developments in these areas.  This may include, amongst others, Beazley’s underwriting control standards, Beazley’s claims control standards, other Beazley standards and customer relationship management. Carry out additional responsibilities as individually notified, either through your objectives or through the learning management system.  These may include membership of any Beazley committees or working groups.   Personal Specification: Essential Criteria One to three years of experience in insurance and risk management. Knowledge and experience of risk management framework and tools. Understanding of commercial drivers and dynamics affecting risk decisions in the insurance sector.  Understanding of the processes associated with an international insurance group, both from an operational and risk perspective. Education and Qualifications University degree advantageous Professional qualification advantageous   Skills and Abilities Self starter and problem solver Able to work independently and as a team Analytical skills and attention to detail Workplace technology skills Process and task minded Enjoy process improvement General commercial and financial knowledge The ability to manage time, meet deadlines and prioritise Aptitude and Disposition Outcome focussed, self-motivated, flexible and enthusiastic Sees solutions not problems Interested in understanding and helping others Professional approach to successfully interact with senior management/colleagues/external suppliers Diplomatic   Competencies Proficient in data analysis (inc. use of MS Excel) Information seeking Self starter Achievement orientation Analytical thinking Customer focus Team working Initiative Using expertise Integrity Impact and influence