Risk Analyst United Kingdom
Job description
Job Profile: Risk Analyst
About us
We are responsible for regulating, developing, and supervising Jersey‘s financial services industry. We aim to deliver balanced, progressive, and risk-based financial regulation built on insight, integrity, and expertise. The successful candidate will join the JFSC at a key stage in its development, as it seeks to play an enhanced role in the continued success of Jersey as a highly regarded International Financial Centre.
Division: Policy, Risk and Communications
These teams align together to support both internal and external aspects of the JFSC. The Policy team keep domestic laws, regulations, and codes up to global standards. The Risk team is primarily responsible for overseeing the functioning of JFSC’s enterprise risk management framework, which dictates how we identify, measure, manage and report on risk across the business. It also plays a key role in the management and oversight of regulatory risk in Jersey, primarily through the modelling and analysis of data collected from regulated entities. The Communications and Marketing team delivers internal and external communications and digital strategies, designed to support the JFSC in meeting its mission.
Team: Risk
The Risk team has a dual focus covering the identification, measurement and management of internal operational risk as well as external regulatory risk. From an operational risk perspective, and using a range of tools, guidance and industry best practice, the Risk team support the management of risk at a divisional and organizational-wide level. The teams focus on regulatory risk is primarily supported by data collected across the organization, providing data analytics and insights that inform our understanding of risk present within the regulated sectors.
Role: Risk Analyst (Permanent)
Your competencies for this role will help you deliver the following outcomes:
- Play an integral part in the identification and quantification of the risks faced by the JFSC through the effective management of the Risk and Control Self-Assessment (RCSA) and incident management processes.
- Facilitate a reduction in risk using the outputs from the RCSA process and incident management as well as the monitoring of performance against risk appetite.
- Identify, analyse, and evaluate pertinent external information (including data sources outside of Industry) to support risk identification and analysis.
- Analyse trends in operational and regulatory risk and provide insights through the tracking of data from JFSC’s risk model, the RCSA process and external sources of information.
- Prepare reporting for Risk Committees, providing these forums with appropriate risk information to assist them in making well balanced decisions.
- Playing a role in the embedding of a risk culture within the JFSC through the maintenance of strong relationships with risk owners and stakeholders, and educating employees on risk related matters.
You will add value to the organisation by:
You will be a key stakeholder within the Risk team supporting the organization in identifying and navigating a variety of risks in a safe and prudent manner. Using data analysis and insights, you will play a key role in both the understanding of risk, but also facilitating better decision making. Your activities will directly contribute to ongoing organizational improvement and JFSC’s goal to be a high performing organization and regulator.
What will success in this role look like?
- There is a robust system of risk management being operated that enables changes in the risk profile to be identified efficiently and reported effectively.
- JFSC staff understand their responsibilities when it comes to risk management and the role they play in limiting risk exposure.
- Analysis of relevant risk data is providing insights that are driving improved decision making.
The role presents an excellent opportunity to work for a financial services regulator, understand the nature and type of activities performed in fulfilling this role across Jersey’s financial services industry, and develop your understanding of finance and regulation. You will contribute to the maturing of JFSC’s enterprise risk management framework, but also play a key role in embedding better use of risk data across the organization.
Are you suitable for this role?
The role will suit an individual with a financial services background and previous experience in a risk management or data analysis role. Knowledge of local regulations, data analysis skills or familiarity is using tools such as Alteryx and PowerBI will be highly advantageous.
Why us?
Working in the JFSC will enable you to join a team people who have purpose, passion, and pride. It offers the opportunity to work alongside people, who are passionate about maintaining Jersey’s position as a leading International Finance Centre with high regulatory standards. This clarity on our purpose is incredibly motivating and we leverage our core values of: Excellence, Professionalism, Respect, Integrity, and Teamwork to deliver our work. Our people are proud of their work and their contribution to Jersey.
If you are looking to make a difference, have a unique working experience and contribute to a bigger picture, then think JFSC; a diverse team of people who put their hearts and minds into what they do and have some fun along the way!
Job Type: Full-time
Salary: £35,000.00-£52,919.22 per year
Benefits:
- Company pension
- Flexitime
- Referral programme
- Work from home
Schedule:
- Flexitime
- Monday to Friday
Supplemental pay types:
- Bonus scheme
Ability to commute/relocate:
- Jersey: reliably commute or plan to relocate before starting work (required)
Education:
- GCSE or equivalent (preferred)
Work Location: Hybrid remote in Jersey
Application deadline: 01/03/2023
