Risk Analyst

Hiscox•New York, NY

6d•Hybrid

About The Position

The Risk Analyst joins Hiscox’s UK Risk and Compliance team and supports second-line risk management activities to maintain and enhance the Risk Management Framework in Hiscox UK’s Retail business unit. The role develops collaborative relationships with first-line teams by providing oversight, challenge, and support, and involves frequent exposure to the UK Chief Risk Officer and the wider Group Risk and Compliance Department.

Requirements

Understanding of key enterprise risk management techniques and related common good practice.
Experience working in an insurance company or financial services organisation; risk experience from external or internal audit, compliance, or consultancy roles will also be considered.
Strong analytical skills, including gathering, cleansing, and interpreting data from multiple sources and turning it into meaningful conclusions and insights.
Ability to diagnose issues, consider options and approaches, and propose solutions.
Strong communication and stakeholder management skills, with the ability to influence people at all levels and provide confident, constructive challenge to senior colleagues.
Ability to work independently and as part of a team, and openness to feedback.
Excellent Microsoft Office skills, including strong Excel skills such as pivot tables, lookups, and formulas.
Ability to multitask, prioritise work, meet deadlines, achieve goals, and work in a dynamic and complex environment.
Enthusiastic, creative, and proactive approach to workload and responsibilities, with an active interest in finding better ways of working.

Nice To Haves

Experience with data visualisation tools such as Power BI.
Knowledge of financial services regulation, including PRA and FCA requirements.

Responsibilities

Support the Risk & Control Self-Assessment (RCSA) process, including control testing and tracking identified management actions.
Analyse risk data, including operational risk events, Key Risk Indicators, and RCSA results, to identify trends, themes, and emerging issues, and present insights to support decision-making.
Prepare papers and documents for Board-level and Executive-level Risk Committees and forums.
Provide second-line oversight and challenge, including in stakeholder meetings.
Complete or support planned and ad hoc second-line risk reviews.
Support Own Risk and Solvency Assessment (ORSA) activities and lead coordination of the ORSA Report.
Lead emerging risk analysis for Hiscox UK, including consideration of external developments and trends.
Support risk culture through first-line risk management training and awareness activities.
Monitor regulatory developments in risk management and consider their implications for Hiscox UK.
Assist compliance team members with managing regulatory risk when necessary.