Insurance Risk Analyst

About the Role

Our client is looking for a highly analytical and meticulous Insurance Risk Analyst to join their team in our Stoke-on-Trent office. In this vital role, you will be responsible for identifying, assessing, and mitigating potential risks across the company's insurance portfolio. You will conduct in-depth data analysis, develop risk models, and provide strategic recommendations to senior management to safeguard the company's financial stability and operational integrity. This position requires a strong quantitative background and a deep understanding of the financial services and insurance sectors . You will play a key part in shaping the company's risk management framework and ensuring compliance with regulatory standards.

Key Responsibilities

• Develop and implement risk assessment methodologies and models for the insurance portfolio.
• Analyze financial data, market trends, and operational processes to identify key risks and vulnerabilities.
• Prepare detailed risk reports and present findings and recommendations to management and relevant committees.
• Monitor and evaluate the effectiveness of risk mitigation strategies and controls.
• Ensure compliance with all relevant regulatory requirements and industry best practices in risk management.
• Collaborate with various departments to embed a strong risk-aware culture throughout the organization.

Requirements

• Proven experience as a Risk Analyst or in a similar quantitative role within the financial services or insurance industry.
• Strong understanding of risk management principles, frameworks, and techniques.
• Advanced analytical and statistical modeling skills, with proficiency in relevant software (e.g., R, Python, SQL).
• Excellent data visualization and reporting abilities.
• A degree in Finance, Economics, Mathematics, Statistics, or a related quantitative field.
• Familiarity with regulatory requirements such as Solvency II is highly advantageous.

Benefits

• Competitive salary of 48000 GBP per annum.
• Opportunity to work in our modern Stoke-on-Trent office.
• Comprehensive health, dental, and vision insurance coverage.
• Attractive pension scheme and life assurance benefits.
• Access to continuous professional development and training programs.