Senior Enterprise Risk Analyst

Job summary

The principal role of the Department is to support UK companies exporting to foreign markets by providing insurance, loan, and guarantee products. To perform its statutory function, UKEF must assume significant credit risks on behalf of UK exporters and overseas buyers of UK exports. These risks are taken in jurisdictions across the globe.

Consequently, the financial success of the Department is crucially dependent upon sound risk management practices. The Risk Management Group (RMG), under the leadership of the Chief Risk Officer (CRO), is responsible for all aspects of risk management including setting risk policies, new business credit assessments and pricing, ensuring obligor, counterparty and country risks are properly monitored and controlled across UKEFs risk portfolio throughout the tenor of our facilities, as well as designing, implementing, and managing the Departments Enterprise Risk Framework.

RMG convenes the Enterprise Risk & Credit Committee (ERiCC) which is responsible for advising the Chief Executive Officer (CEO) on effective management of UKEFs credit risk exposures, on both a case specific and portfolio level, and operational and enterprise-wide risks across UKEF in accordance with policies set out in UKEFs Credit Risk Policy, Enterprise Risk Management Policy and Operational Risk Management Policy.

RMG works in partnership with the CEOs office; Strategy, Sustainability & Impact Group; Business Group; Finance & Operations; Legal & Compliance; Resources Group; and Digital, Data and Technology (DDaT).

Job description

The Enterprise Risk Division operates via three teams:

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The Risk Governance team, responsible for designing, implementing, and managing a best practice Risk Appetite Framework within UKEF, supporting business functions to embed it in their day-to-day operations; managing UKEFs Policy Library, setting best practice for Policy Management pan-UKEF; managing the Enterprise Risk and Credit Committee (ERiCC) including the agendas and meeting packs, preparing the minutes and tracking actions; management of the CROs diary and for coordination of RMGs travel and budget activities.

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The Operational Risk team, responsible for designing, implementing, monitoring, and managing a best practice Operational Risk Framework within UKEF to support the effective management of risks within acceptable boundaries whilst achieving the strategic objectives within the UK Export Finance Business Plan.

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The Assurance team, responsible for providing reliable assurance (evidence) to the Chief Executive and key governance committees on organisational stewardship and the management of major UKEF risks by delivering a programme of assurance testing and the control environment certificate (CEC) self-certification process. In addition, this team benchmarks UKEFs risk processes against the cross-government standards detailed in the Orange Book and manages UKEFs approach to risk maturity.

About the Role

UK Export Finance is committed to supporting a continuous improvement culture across the organisation with the aim of strengthening the control environment pan-UKEF.

The role will help to support the Head of Enterprise Risk to continually promote good risk management awareness and practices across the organisation.

This role is in the Risk Governance team, leading on the ERiCC Secretariat, policy management and risk appetite, but the Senior Risk Analyst is responsible for working across all three teams under the management of the Enterprise Risk Manager including:

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Undertaking Assurance Testing reviews.

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Ongoing management of the ERiCC Secretariat function.

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Assisting with the delivery of regular reporting to multiple stakeholders and Committees.

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Contributing to the management of UKEFs Policy Library to set the defined standards and to ensure that they are met.

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Supporting the co-ordination and reporting of Risk Appetite.

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Contributing to the review of Group risk and control assessments (RACAs), control catalogues, process maps and the reporting of operational risk incidents.

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Supporting the control environment certificate (CEC) attestation process.

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Investigating the root cause of operational risk incidents.

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Supporting the monthly and quarterly risk reporting process and assisting with risk management communication pan-UKEF.

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Assisting with the review of HMTs Orange Book to ensure ongoing compliance.

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Assisting with the maintenance and review of the RMG intranet.

This role also requires close interaction and collaboration with the whole Department including the CRO, CEO, Group Directors and the Divisional Risk Champions to ensure that risks are properly identified, quantified, measured, reported and satisfactorily controlled.

The role requires a curious mind, proficient IT skills (particularly in the Microsoft Office suite and ideally SharePoint), data analysis, a willingness to regularly learn new subject matter, and the ability to work in a fluid environmen