QuestPro is partnering with a respected Insurance Carrier looking for a Senior Risk Analyst to function as a business partner to provide control expertise and oversight to ensure the Company's risk and control framework is not compromised. The Senior Risk Analyst is also expected to identify, analyze, and interpret risk trends or patterns in data sets of varying complexity and present findings in an understandable manner.

Responsibilities:

Enterprise and Process Risks

1. Partner with 1st line management to develop and document Key Risk Indicators ("KRIs"). Develop methodologies to monitor and provide insights to 1st line management on KRI status.

2. Develop regular and ad-hoc reporting (presentations, dashboards, scorecards, etc.) which provide insight, conclusions and/or recommendations to assist management and senior leaders in managing risk.

3. Facilitate the development and embedding of a data-driven risk assessment and risk monitoring approach within Risk Management. Aggregate and analyze data from across the Company using data analytics tools and techniques to identify and monitor risks. Creatively visualize and present data in a variety of formats to provide relevant insights to the Chief Risk Officer ("CRO") and 1st line management.

4. Review risk maps/Risk and Control Matrices for completeness and accuracy. Ensure key controls are monitored by 1st line. Highlight deficiencies and support 1st line management in developing effective controls and monitoring.

5. Monitor risk event inbox and document risk event summaries detailing the investigation, root cause and resolution of each risk event. Recommend improvements to prevent these events/issues from recurring.

Projects and Consultancy

6. Participate in cross functional business projects or other 1st line change management activities. Provide control expertise / advice to ensure that the risk control framework / infrastructure is not compromised. Provide support to the project manager/project sponsor to ensure the project risk assessment is completed and documented. Ensure the operational risks inherent in the change activities are included.

7. Plan and conduct business process reviews to identify risks and their mitigation, internal control weaknesses, process inefficiencies and/or opportunities for expense reductions and/or productivity enhancements.

8. Write and publish reports that accurately and succinctly summarize business process review results and related recommendations to management. Support the 1st line management in addressing any identified gaps. Monitor the status of resulting agreed actions through to completion.

Scenario Analysis

9. Conduct / Participate in Operational Risk initiatives from the company including, but not limited to, periodic policy comparisons and OpRisk scenario workshops throughout the company’s business areas in accordance with company directives.

Other

10. Provide support for other projects as needed. Work independently on smaller scope projects or as a team member supporting larger projects that meet business needs and desired deliverables.

11. Perform other assignments as directed.

Qualifications:

Education/Knowledge/Experience

• Bachelor's degree with 3-6 years' experience with business operations, risk management, project management and/or internal audit
• 1 year minimum data analysis experience; 2-3 years work experience or college projects / research preferred
• Fundamental knowledge of risk management concepts including review and analysis and/or experience with auditing process
• Fundamental IT security knowledge / Systems Development Life Cycle
• Insurance or Professional Certifications a plus e.g., LOMA, CRM (Certified Risk Manager) Life insurance operations experience a plus
• Experience in using data extraction, analysis, and visualization tools (e.g., SQL, Power BI, Tableau, R, Python)
• Intermediate knowledge of data analysis techniques and how to employ them

Skills

• Ability to organize and interpret complex data sets and utilize analytic techniques and platforms to produce timely, meaningful, useful reports
• Proficiency in Microsoft Office Suite and SharePointStrong
• Strong verbal and written communication skills, including presentation capabilities
• Organized, analytical thinker with the ability to perform detailed analysis
• Strong organization and documentation skills
• Ability to set objectives, meet deadlines, prioritize and work independently
• Ability to plan, develop and coordinate multiple projects simultaneously
• Ability to work effectively with a wide range of staff at varying levels
• Ability to work independently or in collaboration with others
• "Self-starting" with internal motivation and initiative