Senior Risk Analyst
Senior Risk Analyst
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Job Description
Senior Risk Analyst Hybrid London
12 month Fixed Term Contract
The purpose of this role is to define design develop and deploy Risk Reporting and manage the GRC tool for the whole CRO function. As part of the reporting activity the role will define and conduct indepth analysis on all Pay risk data to make an informed conclusion and to deliver risk reporting to all directorates & Pay senior risk committees and Board.
The role will also involve owning and managing change access requests and training for the internal GRC tool.
Key Accountabilities
- Design and maintain bespoke GRC system training and manuals for the business as well as owning and coordinating the delivery of training.
- Manage and oversee all functionality change requests for the Risk & Compliance modules within the GRC tool. This includes prioritising scheduling reporting coordinating with key stakeholders and producing communications.
- Manage the development and implementation of test plans to ensure the quality and accuracy of system changes.
- Own rolebased access management of the Risk & Compliance modules within the GRC tool including managing ad hoc access requests and quarterly Pay wide access reviews.
- GRC system superuser and expert to provide 1st Line and 2nd Line user support for the Risk & Compliance modules within the GRC tool.
- Guide wider business stakeholders in the creation and implementation of risk management reports and dashboards for both internal and external consumption. Utilise dashboards to perform in depth data analysis to identify trends patterns and insights involving assisting the business to identify risk and control relationships to highlight control gaps and interdependencies across directorates.
- Support the wider Pay organisation and the risk & compliance function with the implementation and embedding of the operational risk processes in line with regulatory requirements and industry best practice.
- Develop quantitative risk analysis techniques to highlight uncertainty in a measurable way and input into decision making.
Skills Experience & Qualifications
- Educated to degree level in a relevant subject or hold an equivalent risk related professional qualification Institute of Risk Management or similar professional body
- Experience in operational risk in either a first or second line of defence capacity 2LoD preferable)
- Previous experience of a GRC Tool or other such systems
- Proficient in using visualization tools such as Power BI
- Experienced analyst who can draw conclusions/key messages from large amounts of data
- An ability to apply technical knowledge in a practical and balanced manner
- Motivated and skilled in offering constructive and professional encouragement to others
- Ability to plan and manage own workload in a demanding environment
At Pay we value diversity and inclusivity. Research has shown that candidates from underrepresented groups may hesitate to apply unless they meet all the requirements listed. We encourage all qualified candidates to apply regardless of how closely their skills and experience match the requirements. We are committed to supporting accessibility needs and creating a welcoming environment for all employees. Become part of our team and contribute to the creation of an inclusive work environment that values everyones unique input.
About Us
Pay maintains and develops the UK retail payment systems and standards that are core to the economy being able to function on a daytoday basis.
From Bacs to Faster Payments and cheques we act as the single operator for all UK retail payments. We put the needs of consumers and businesses at the heart of everything we do working in the public interest to ensure that the systems the country relies on for its banking transactions are safe open innovative and resilient.
Our payment systems underpin the services that enable funds to be transferred between people and institutions. In 2023 the UKs retail payment systems processed 11.4 billion transactions worth 9.3 trillion through Bacs Direct Credit Direct Debit Faster Payments and cheques and our Current Account Switch Service has facilitated over 10.2 million switches since its launch in 2013.
Every day people and businesses use the services we provide to get their salaries pay their bills and make online and mobile banking payments. Our vision for the future is to enable a vibrant economy with Pay delivering the bestinclass payment infrastructure and standards for the benefit of consumers and businesses nationwide.
Benefits & Additional Information
- 12 Noncontributory pension
- Discretionary annual bonus
- 30 days annual leave (excluding bank holidays)
- Private medical insurance life assurance income protection health cash plan dental insurance Bupa medicals etc
- Employee assistance programme
- Cycle to Work Scheme
- Season ticket loan
- Annual fitness subsidy of up to 500 per annum
- Working from home policy minimum 40 in the office (eg. 2 days in the office over a 5 day working week)
Please note:
Some of our benefits are only available to colleagues upon successful completion of the probationary period.
Required Experience:
Senior IC
Employment Type
Full-Time
