Job Description:
The role of Risk Analyst involves contributing to the implementation of an effective risk management framework and internal control systems. This position will support the Chief Risk Officer, Operational Risk Officer, and Senior Risk Manager in managing operational, investment, and underwriting risks.
Risk Identification:
* Comprehensive identification and assessment of risks according to Solvency II and CAA standards.
* Issue risk opinions on significant business and operational developments.
Risk Controlling:
* Implementation of the risk management framework at the level of operational policies, processes, and procedures, following CAA risk management standards.
* Maintenance of an effective and proportionate internal control framework for preventing and detecting operational incidents.
* Effective implementation of the Risk Appetite framework and control over agreed tolerances.
* Recommendations to strengthen the control environment.
Operational Incidents:
* Ensure a fast response to operational incidents from the 1st line.
* Track and monitor progress on remediation actions.
* Report outstanding operational incidents to management and governance bodies.
Risk Reporting:
* Report on risk management activities to management and governance bodies.
* Collect and report internal controls on internal and outsourced activities.
* Maintain and improve the risk dashboard.
Key Responsibilities:
* Risk identification and assessment
* Risk controlling and mitigation
* Operational incident management
* Risk reporting and dashboard maintenance