Hartford Steam Boiler Inspection and Insurance Co.

Risk Governance & Reporting Analyst

Company

HSB

Location

Manchester , United Kingdom

Role: Risk Governance & Reporting Analyst

Location: Manchester or London (Hybrid)

Permanent

Job Purpose:

The Risk Governance & Reporting Analyst plays a key role in supporting the overall governance and reporting framework within HSBEIL.

The role involves preparing high-quality risk reports, maintaining governance documentation, supporting risk committees, and ensuring timely and accurate reporting of risk data.

This position is crucial for ensuring that the organization meets its internal and regulatory reporting obligations and that risk information is communicated effectively to senior management and other key stakeholders.

Key Responsibilities:

Risk Reporting:

• Play a key role in the coordination and preparation of regular and ad-hoc risk reports for senior management, risk committees, and the board.

• Compile and analyse data to support reporting on key risk indicators (KRIs) and other relevant risk metrics.

• Maintain and develop the reporting templates and ensure consistency and accuracy in the information presented.

• Collaborate with various departments (e.g., underwriting, compliance, claims) to gather risk data and ensure it is reflected accurately in reports.

Governance Documentation:

• Maintain up-to-date risk governance frameworks, policies, and procedures in line with regulatory requirements and internal standards.

• Ensure that risk governance documents are regularly reviewed, approved, and disseminated to relevant stakeholders.

• Take responsibility for the maintenance and update of the risk management policy tracker including providing required updates to the PAPR group and training stakeholders on new policies and processes as and when required.

• Support the ongoing development and enhancement of governance frameworks to improve risk oversight, including the documentation of key risk management processes.

Committee Support:

• Provide administrative and analytical support to key risk and governance committees, including the Risk Management Committee, ROI Branch Management Committee, Operational risk and compliance oversight group.

• Prepare meeting materials, agendas, and minutes for committee meetings, ensuring all relevant information is captured.

• Track action items and follow up with stakeholders to ensure timely completion of assigned tasks.

Regulatory & Internal Reporting:

• Ensure that all regulatory risk reporting obligations are met in a timely and accurate manner, including reporting to the PRA, FCA, and other relevant bodies.

• Support the production of Own Risk and Solvency Assessment (ORSA) reports for the UK and ROI entities and other regulatory submissions including input into the SFCR reports.

• Liaise with internal and external audit teams to ensure compliance with risk reporting requirements

• Keep abreast of prudential regulatory requirements and changes and work with compliance team t to perform gap analysis of existing policies and processes.

Stakeholder Engagement:

• Engage with key internal stakeholders, including risk owners, department heads, and senior leadership, to ensure effective communication of risk-related matters.

• Provide support to risk management projects and initiatives across the business.

• Foster a strong risk culture within the organization by promoting understanding and awareness of governance and reporting requirements

• Support the senior risk manager in the development and delivery of risk management training plan including maintaining the risk management intranet page and writing risk insight reports to be shared with all employees.

Risk Management Framework Support:

• Contribute to the development and ongoing enhancement of the risk management framework, including supporting the RM in the review and updating risk registers.

• Assist in the identification and assessment of risks, ensuring that they are appropriately documented and aligned with the company’s risk appetite.

• Support risk owners in identifying and implementing effective controls and mitigation strategies.

• Support the risk function in the monitoring and reporting of Operational risk events

Qualifications and Educational Requirements:

• Bachelor’s degree in a relevant field such as Risk Management, Finance, Business, or a related discipline.

• Professional qualifications (e.g., IRM, CII) or progress toward risk management certifications are desirable but not essential.

Benefits:

A snapshot of some of our benefits:

• Agile/Hybrid working

• Private Healthcare (Aviva)

• Aviva Digital GP

• Employer Pension contribution of 13%

• Annual bonus

• Professional qualification support

• 25 days annual leave (plus bank holidays)

• x2 wellbeing days per year