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 UKEF’s risk portfolio throughout the tenor of our facilities, as well as designing, implementing, and managing the Department’s 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 UKEF’s 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 UKEF’s Credit Risk Policy, Enterprise Risk Management Policy and Operational Risk Management Policy.

RMG works in partnership with the CEO’s 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:

• 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 UKEF’s 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 CRO’s diary and for coordination of RMG’s travel and budget activities.
• 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.
• 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 UKEF’s risk processes against the cross-government standards detailed in the Orange Book and manages UKEF’s 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:

• Undertaking Assurance Testing reviews.
• Ongoing management of the ERiCC Secretariat function.
• Assisting with the delivery of regular reporting to multiple stakeholders and Committees.
• Contributing to the management of UKEF’s Policy Library to set the defined standards and to ensure that they are met.
• Supporting the co-ordination and reporting of Risk Appetite.
• Contributing to the review of Group risk and control assessments (RACA’s), control catalogues, process maps and the reporting of operational risk incidents.
• Supporting the control environment certificate (CEC) attestation process.
• Investigating the root cause of operational risk incidents.
• Supporting the monthly and quarterly risk reporting process and assisting with risk management communication pan-UKEF.
• Assisting with the review of HMT’s Orange Book to ensure ongoing compliance.
• 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 environment, where priorities change at short notice. Being comfortable in working in an unfamiliar environment is a key attribute of the role.

Main Activities

General

• Support the Senior Manager Enterprise Risk Management as appropriate.
• Awareness of risk management and the ability to analyse data, exercise attention to detail and manage a wide variety of tasks.
• Proactively seek current regulatory and industry updates; horizon scan for relevant future changes; and ensure the knowledge is shared as appropriate within RMG and wider UKEF stakeholders.
• Actively seek opportunities to promote Enterprise Risk through generous collaboration with colleagues and stakeholders at all levels of seniority.
• To deputise for the Enterprise Risk Manager as appropriate.
• Proactively contributing to RMG team meetings / initiatives, and representing ERD in other forums across UKEF.
• Supporting and delivering training and communications across UKEF.
• Supporting management and administration of the Risk Champion Network.
• Management and update of the Enterprise Risk Hub on the UKEF intranet site and the RMG intranet to ensure the content remains current.

Risk Governance

To pro-actively contribute to and support the Enterprise Risk Manager with the following:

• Leading the Enterprise Risk & Credit Committee (ERiCC) Secretariat function.
• Analysing risk appetite metrics and preparing summarised reports.
• Preparing timely and accurate management information for inclusion in Committee papers.
• Responsible for the management of the UKEF Policy Library and Policy Management Hub.
• Management of the RMG intranet site to ensure the content remains current and effective.
• Co-ordinating management, review and update of Risk Governance process maps and control catalogues.

Operational Risk

To pro-actively support the Operational Risk Manager with the following:

• Driving continuous risk management improvement throughout the Department by providing ongoing advice, support and challenge.
• Recording and analysis of operational risk incidents.
• Preparing timely and accurate management information for inclusion in ERD reports as required.
• Liaison with each Group within UKEF to ensure their respective Risk & Control Assessment (RACA) is reviewed, updated, and approved by the Executive Committee member.
• Managing the recording and follow-up of actions identified in the Risk & Control Self-Assessment (RACA) process and operational risk incidents.
• Leading the liaison with each Group within UKEF to ensure their respective policies, procedures, process maps and control catalogues are appropriately documented and updated.
• Drafting of Operational Risk presentations.
• Management, review, and update of ORM process maps and control catalogues.
• Proactive maintenance and review of ORM policies, procedures and templates.

Risk Assurance

To pro-actively contribute to and support the Enterprise Risk Manager with the following:

• Scoping and undertaking Assurance Testing either individually or as part of a team, ensuring findings are clearly, accurately and concisely documented.
• Analyse assurance testing outcomes to derive actionable recommendations that improve or de-risk business activities tracking these through to completion.
• Assist with the presentation and analysis of, the Control Environment Certificate process that requires Executive Committee members and their senior management teams (typically divisional heads) to assure their approach to Operational Risk, key business processes as well as a governance statement.
• Preparing timely and accurate management information for inclusion in Committee papers.
• Assist with benchmarking UKEF’s risk processes against the cross-government standards detailed in the Orange Book and UKEF’s risk maturity.

This list is not exhaustive, you may be required to carry out additional duties according to business need.

Person specification

UK Export Finance is looking for motivated individuals with a desire to learn about the business. Successful candidates will be provided not only with functional training to enable them to do well in their role, but also with personal development to help them to achieve their career ambitions. Please note that the person specification below outlines at which stage(s) you will be assessed on how you meet the criteria for the role(s) including:-

A = assessed at application stage I = assessed at interview stage

Essential

Qualifications

• A-Levels and/or equivalent demonstrable experience, and evidence of continuous professional development. (A)

Knowledge

· Good knowledge of risk and control frameworks. (A, I)

· A clear understanding of Committee Secretariat functions. (A, I)

• Good knowledge of key risk subjects and be able to explain these to the business in a clear and accessible manner. (A, I)

Skills/Ability

• Effective analytical ability, especially in terms of interpreting trends from data, to understand, interpret and read-across a range of risk issues. (A, I)
• Good attention to detail. (I)
• Sound judgement coupled with the ability to prioritise. (A, I)
• Effective communication, persuasion and influencing skills (oral and written). (A, I)
• With the support of Line Management, communicate authoritatively and credibly with a wide range of senior stakeholders at times with difficult messages. (A, I)
• Competence, with some advanced skills, in using the core Microsoft Office product suite. (A, I)

Experience

• Practical experience of working in a small team with changing priorities and evidence of managing workload around changing priorities. (A, I)
• Able to work with a variety of stakeholders at all levels of the organisation and the resilience to persevere with tasks in the face of obstacles or discouragement from individuals within the business. (A, I)
• Experience of working in a role with the responsibility to identify, assess, evaluate and report on key risks in the business. (A, I)

Behaviours

We'll assess you against these behaviours during the selection process:

• Seeing the Big Picture
• Making Effective Decisions
• Delivering at Pace
• Communicating and Influencing

Technical skills

We'll assess you against these technical skills during the selection process:

• In-Tray Exercise - based on the requirements outlined within the essential criteria in the person specification.

Benefits

Alongside your salary of £48,750, UK Export Finance contributes £14,122 towards you being a member of the Civil Service Defined Benefit Pension scheme. Find out what benefits a Civil Service Pension provides.

• Learning and development tailored to your role
• An environment with flexible working options
• A culture encouraging inclusion and diversity
• A Civil Service pension with an employer contribution of 28.97%

Things you need to know

Artificial intelligence

Artificial intelligence can be a useful tool to support your application, however, all examples and statements provided must be truthful, factually accurate and taken directly from your own experience. Where plagiarism has been identified (presenting the ideas and experiences of others, or generated by artificial intelligence, as your own) applications may be withdrawn and internal candidates may be subject to disciplinary action. Please see our candidate guidance (opens in a new window) for more information on appropriate and inappropriate use.

Selection process details

This vacancy is using Success Profiles (opens in a new window), and will assess your Behaviours, Experience and Technical skills.

We are assessing candidates using Success Profiles (see Appendix 1) and across the whole process we will assess your Experience, Technical, and Behaviours highlighted below.

The application must be completed by 23.55 on the day of the closing date for it to be accepted.

Use of Artificial Intelligence (AI)

Artificial Intelligence can be a useful tool to support your application, however, all examples and statements provided must be truthful, factually accurate and taken directly from your own experience. Where plagiarism has been identified (presenting the ideas and experiences of others, or generated by artificial intelligence, as your own) applications may be withdrawn and internal candidates may be subject to disciplinary action. Please see our candidate guidance for more information on appropriate and inappropriate use.

Please ensure that you read through the Candidate Information Pack attached to this advert, before applying.

All applications will be sifted against our essential criteria outlined in the personal specification.

• Qualification - A-Levels and/or equivalent demonstrable experience, and evidence of continuous professional development.
• Statement of suitability - you should fully articulate in 500 words how you meet the essential criteria outlined in the person specification within the Information Pack.

For the initial sift your application will be evaluated against:

1. Experience - CV / Application and Statement of Suitability

In the event of a large volume of applications, there will be a pre-sift on the following essential criteria:

• Good knowledge of risk and control frameworks. (A, I)
• Experience of working in a role with the responsibility to identify, assess, evaluate and report on key risks in the business. (A, I)

If you are successful following the sift stage, you will be invited to an initial interview, to be held onsite at 1 Horse Guards Road; this will include the following assessment:

1. Behaviours / Experience - a formal panel interview where you will be interviewed across all four behaviours listed below and highlighted in Appendix 1 of the candidate Information Pack.
   1. Behaviour - Seeing the Big Picture (Lead behaviour)
   2. Behaviour - Making Effective Decisions
   3. Behaviour - Delivering at Pace
   4. Behaviour - Communicating and Influencing
2. Technical - you will be assessed across your technical expertise and acumen.
   1. In-Tray Exercise - based on the requirements outlined within the essential criteria in the person specification.

Details of interview panel members will be e-mailed to all successful candidates who are invited for interview.

Feedback will only be provided if you attend an interview or assessment.

Security

Successful candidates must undergo a criminal record check.Successful candidates must meet the security requirements before they can be appointed. The level of security needed is security check (opens in a new window).

See our vetting charter (opens in a new window).People working with government assets must complete baseline personnel security standard (opens in new window) checks.

Nationality requirements

This job is broadly open to the following groups:

• UK nationals
• nationals of the Republic of Ireland
• nationals of Commonwealth countries who have the right to work in the UK
• nationals of the EU, Switzerland, Norway, Iceland or Liechtenstein and family members of those nationalities with settled or pre-settled status under the European Union Settlement Scheme (EUSS) (opens in a new window)
• nationals of the EU, Switzerland, Norway, Iceland or Liechtenstein and family members of those nationalities who have made a valid application for settled or pre-settled status under the European Union Settlement Scheme (EUSS)
• individuals with limited leave to remain or indefinite leave to remain who were eligible to apply for EUSS on or before 31 December 2020
• Turkish nationals, and certain family members of Turkish nationals, who have accrued the right to work in the Civil Service

Further information on nationality requirements (opens in a new window)

Working for the Civil Service

The Civil Service Code (opens in a new window) sets out the standards of behaviour expected of civil servants.

We recruit by merit on the basis of fair and open competition, as outlined in the Civil Service Commission's recruitment principles (opens in a new window).The Civil Service embraces diversity and promotes equal opportunities. As such, we run a Disability Confident Scheme (DCS) for candidates with disabilities who meet the minimum selection criteria.The Civil Service also offers a Redeployment Interview Scheme to civil servants who are at risk of redundancy, and who meet the minimum requirements for the advertised vacancy.

Diversity and Inclusion

The Civil Service is committed to attract, retain and invest in talent wherever it is found. To learn more please see theCivil Service People Plan (opens in a new window) and the Civil Service Diversity and Inclusion Strategy (opens in a new window).

Apply and further information

This vacancy is part of the Great Place to Work for Veterans (opens in a new window) initiative.Once this job has closed, the job advert will no longer be available. You may want to save a copy for your records.

Contact point for applicants

Job contact :

• Name : UKEF Recruitment
• Email : Recruitment2@ukexportfinance.gov.uk

Recruitment team

• Email : Recruitment2@ukexportfinance.gov.uk

Further information

Should you have a complaint or wish to raise any concerns regarding the recruitment process, please e-mail your complaint to the Head of Pay and Resourcing (UKEF) at Recruitment2@ukexportfinance.gov.uk and include “Complaint” in the subject heading. Should you remain dissatisfied following UKEF’s investigation then you can refer your complaint to the Commission - http://civilservicecommission.independent.gov.uk/making-complaint.

Attachments

Information Pack - Senior Enterprise Risk Analyst - Apr 26 Opens in new window (pdf, 4230kB)