Leeds, West Yorkshire / £34000 - £38000
£34000 - £38000
Leeds, West Yorkshire
Up to £38,000
Hybrid - Leeds
A great opportunity for a Risk Analyst to join one of UK's leading financial services companies.
This role sits within one of the UK's leading financial services companies - specialising in providing credit to consumers across the country. And in this position, you will be joining their Operational Analytics team which work upon analytics and reporting support in collections and fraud.
And joining the team as a Risk Analyst, you will be understanding business needs and working on appropriate analytical solutions, improvement, and reporting. And your work will cover all aspects across customer outcomes, portfolio performance, strategy delivery and performance and operational/staff performance.
THE ROLE AND RESPONSIBILITIES
- Performance monitoring and analysis of portfolio and operational performance
- Creating, optimising, and maintaining reporting solutions
- Developing and enhancing strategies focusing on improving the customer journey through the collections and fraud lifecycle
- Supporting with analysing reports to collections and fraud
- Understanding data to ensure direct link between operations performance and portfolio performance
- Provide support and help to operational management team
YOUR SKILLS AND EXPERIENCE
- Expertise using SQL - Python and Tableau desirable
- Experience working in Collections/Fraud environment
- Financial Services experience
- 2 Stage interview process
- 1st Stage - CV and Motivations
- 2nd Stage - 1hr F2F interview - SQL Test/Competencies
- Sign-off chat
- Up to £38,000
- Benefits + Bonuses
HOW TO APPLY
If your interested in the role please send your CV to Jordan Victor via the Apply Link below
What Skills And Attributes Do You Need To Become A Risk Analyst? | Harnham Recruitment post
No business is risk-free and as we traverse a highly technical and ever-evolving working landscape, the number of areas where problems, perhaps even crises, may occur are increasing. For example, as the world switched to a remote working model almost overnight due to the coronavirus pandemic, firms of all shapes and sizes had to rethink their security protocols. This opened them up to cyber security issues and an increased risk of breaches and hacks. Indeed, between February and May 2020 more than half a million people globally were affected by breaches whereby personal data was stolen and sold on the dark web. Because of this increased prominence placed on security, finances and risk, companies ramped up demand for specialists who could oversee and manage the levels of risk, explaining with clarity to stakeholders where changes could be made to ensure the company remains impenetrable. However, this increased demand is currently going too quickly. The number of available candidates simply doesn’t tee up with the number of roles available. But, with an entry-level salary of £32,500, Risk Analysis is becoming a very attractive option for many school leavers and students. But what qualifications, skills and attributes does a good Risk Analyst need to succeed?Qualifications for risk analytics candidates Currently, the Risk Analytics industry is weighted towards those with an educated background. This will, of course, depend on the individual needs of the employer but generally, companies are looking for those with a university degree. Subjects which showcase strong numerical skills, such as Maths, are key. However, this dependence on degrees means that it can feel like doors are closed to you before you’ve even started if university isn’t a route you’d like to take. There is a lot of work to be done in this space and this bias towards education may be preventing diversification in the risk workforce. As university costs are combined with interest rates, degrees will simply not be affordable to a huge chunk of society. If this is not recognised within the sector and policies put in place to open the recruitment process, then organisations risk missing out on top-level talent. Thankfully, many companies are beginning to see that this elitist hiring process isn’t a viable, nor fair, option and are opting to open their doors to alternative pathways into the career. Apprenticeships, work experience and training contracts are being seen more regularly within the sector as a way to tackle the current lack of diversity within the sector. Attributes outside of expertise Of course, technical and problem-solving skills take precedence in what employers are looking for in risk analytics candidates. But being a bright, problem-solver able to use mass quantities of data to analyse trends and come up with recommendations based on these, are ultimately the skills needed to solve problems for the business. Something that a degree will not necessarily give you. The other side is online coding courses and showcasing a passion for learning in your own time. Employers value an individual who can showcase high levels of initiative, curiosity, and motivation – all of which enable them to stay on top of trends. Communication is key Risk Analysis, as with any area of Data & Analytics, is fraught with jargon and acronyms. It is also, stereotypically, a very introverted role. However, as companies put increased weight on the importance of this role, the more necessary it will be for whole teams to understand the findings and outcomes that risk analytics teams come by. The key differentiator between candidates is communication skills. The nature of the work means that you are often discussing quite complex matters, and to be able to communicate that in a non-technical way to other team members is what sets people apart. But also, being able to do so in a way that influences your audience: you may be speaking to a chief financial officer or maybe an external client, who needs to understand the implications of your analysis so that they can choose the correct action going forwards. The world has changed immensely over the past couple of years, and it will continue to rapidly evolve. The roles which companies require will inevitably change just as quickly, and the need for risk analysts shows no signs of slowing. If you’re interested in Risk Analytics, Harnham can help. Take a look at our latest Risk Analytics jobs or get in touch with one of our expert consultants to find out more.
Risk Analytics Landscape: 2022 | Harnham Recruitment post
2022 is set to be an interesting year for Risk Analytics. According to research, the risk analytics market is expected to be worth around $54.95bn by 2027 and is experiencing a huge degree of interest due to a combination of different factors coming together at once. The growth of business procedures and increasing deliverables are driving demand for techniques such as risk measurement, whilst rising incidents of cyberattacks combined with rising digitization are further catalysing the Risk Analytics market. Not to mention the impact that different macroeconomic elements are having, such as coming out of the pandemic, remnants of Brexit and rising inflation rates. Within the risk space, all of these variables are feeding into the way that both candidates and clients are making their decisions. Industry developments have a direct impact on the recruitment market, with trends being reflected in the needs and desires of both employees and employers. With risk coming to the forefront for many businesses, it isn’t surprising to see a surge in the demand for talent. Risk under the spotlightNumerous developments across the financial sector have made the skills that risk analysts have increasingly invaluable. The pandemic forced many companies to digitize and move to remote and cloud-based working systems, making security a company-wide concern. This has driven demand for the right talent to fill risk roles but also a greater willingness to dedicate more of their budget into investing in their risk functions and/or departments.The fraud risk spaceThe increase of remote working combined with a general trend of digitization has brought with it concerns around fraud. Headlines highlighting a ‘fraud epidemic’ have been circling with reports of fraud and cybercrime in the UK rising from 3,983 cases to 8,614 in a year. Digitization offers opportunities for company growth but if not securely managed, can serve up opportunities for criminals to exploit. Fraudsters are becoming increasingly inventive, and steps must constantly be taken to stay one step ahead. The skills that risk analysts have are essential in understanding the drivers to fraud within a business and ultimately how to prevent it.The rise of unregulated products and technologiesInnovation within the financial industry is also flourishing. The emergence of AI and adoption of more advanced technologies to better inform decision making, as well as the introduction of machine learning and data science into risk analytics, makes it an exciting time to be in the risk analyst field.New unregulated products and technologies have also flooded the market, such as crypoassets, decentralized finance and non-fungible tokens (NFTs). About 2.3 million people in the UK are now thought to own a crypto asset, creating a playground for fraudsters looking to misuse unregulated tech. Data reveals a staggering £146,222,332 has been lost to cryptocurrency fraud since the start of this year, and unless regulators are able to catch up with the ever-evolving nature of crypto, this will rise. As a result, there is expected to be a lot of regulatory changes this year to increase protections against consumer risk but also within financial institutions. This tends to stimulate demand within sectors such as risk analytics as well as causing shifts of focus within departments.Risk analyst salariesSalaries within the sector are currently being pushed upwards, largely due simply to supply and demand. Throughout the pandemic, most companies didn’t hire Risk Analysts, if anything, they let go of them. Recently, there has since been a spring coil reaction of demand for Risk Analysts and Risk Managers, to an extent not seen for years. To add to this there is a lack of talent, and candidates are increasingly asking for more because they know of the trend.Although it’s impossible to know for how long this might be the case, the recent mass movement of candidates since COVID-19, means that by the end of the year some candidates may have been at their new job for over a year and may be looking to move again. Supply could begin to creep up and start meeting demand, but only time will tell. This imbalance between supply and demand means that candidates are finding themselves in the unique position of being able to choose between job offers, and can therefore afford to fine-tune and find better suiting roles. It’s well known that it’s a candidate market, but it’s a really good time to explore roles out there and consider your current position.Ultimately if job searchers are looking at their current situation and thinking about whether there’s something better out there, there is not a better or more exciting time to be looking for a role in Risk Analysis.If you’re looking for your next opportunity or to build out your Credit Risk or Fraud Analytics team, Harnham can help. Take a look at our latest Risk Analytics jobs or get in touch with one of our expert consultants to find out more.
How To Get Started In Risk Analytics | Harnham Recruitment post
Risk Analytics has been an integral part of teams across several industries for years. After the 2008 financial crash, whereby $8 trillion was wiped from the stock market’s value in the space of two days in the US alone, the need for businesses to be savvier and more ‘switched on’ to the potential downturns and crises the economy may face was imperative. The kind of devastation the financial crash caused in a matter of days had knock-on effects to businesses of all shapes and sizes for years afterwards, and nobody could risk the same level of destruction again. For a long time prior to this key event, it wouldn’t be an exaggeration to suggest that a lot of business owners and C-Suite executives depended on gut instinct to make critical business decisions. But, as we began to enter not only a more economically turbulent time but also an era that became dominated by technology, the need for hard evidence to support ‘intuition’ was crucial.With endless reams of data now at our fingertips, which has only evolved in reliability and accessibility over the decades, companies’ ability to manage risk-related issues through state-of-the-art technologies and tools is changing. And because of the capabilities of said technologies, companies are now able to look further than just financial risk; competitor risk, supply chain risk, technical risk, these are all everyday examples of where Risk Analytics come into play. It’s clear Risk Analytics is a crucial part of businesses today, and its importance will continue to take centre stage as we move into an even more technological and data-driven era, but where do you begin if you’re considering becoming a Risk Analyst?Are you the right fit for the job?You need to be sure that risk analysis is truly for you. As with any job, skills are something that can built upon, but a good attitude, willingness to learn and some core characteristics will set you up in good stead too. Risk Analysis suits individuals with a keen eye for detail and are unafraid of spending time going through data with a fine-tooth comb to unearth any anomalies that could present themselves as serious risks later down the line. A love of and proficiency with numbers will also be a brilliant asset to bring to the role, along with an interest in data analysis. While most of the job will most certainly be dealing with the hard facts and figures, you’ll also need to be someone who is comfortable with communicating in an open and jargon-free manner. Ultimately, you’ll be responsible in not only identifying potential risks, but feeding the information back to members of the team who have no prior knowledge of data and analytics, as well as giving them viable solutions to avoid or reduce any risk where possible. That sounds like me, what’s next?Great! So, if you think you’ll be a perfect fit, the next step is to think about which route you want to take to get your foot in the door. As per a lot of Data & Analytics roles in this day and age, a university degree isn’t necessary, but it is still favoured amongst many employers. Nevertheless, just because you don’t have a degree doesn’t mean you won’t be considered, so keep your options open. Diplomas or online study courses are two other brilliant avenues to take as well. Of course, if you’re a total whizz, you may have a lot of skills and knowledge on a self-taught basis which is fantastic. Before applying for a job in Risk Analysis however, make sure you have some extra-curricular learning under your belt to showcase your initiative and drive to learn. Do I need to have experience?Much like university, while not a mandatory requirement for all Risk Analysis jobs, having work experience within your portfolio will put you a significant step ahead to your peers who may not have had that hands-on learning. Do I need to know how to code?Analysts who code will always be in demand, and the sharper and more on top of those skills you are, the better. Different employers will work with different languages, but the most common are Python, SAS, C++ and Java. Ensure you’re always learning too. Code is an element of all Data & Analytics roles that is always evolving, and employees who fall behind in their knowledge will very quickly see a drop in their ability and productivity. What can I expect from a role in Risk Analytics?Each day in this role will be completely different. The challenges you may come up against will change rapidly, especially if you are based in a fast-moving sector such as Finance or Banking. You’ll need to be prepared to work under pressure and showcase impeccable problem-solving skills. At entry-level, you can expect to be taking home a salary of around £20,000, or just over $60,000 in the US. For those who show eagerness to learn, initiative and determination to always better their understanding of risk analysis, progression opportunities are vast here too. With the right attitude and mindset, reaching the top of the career ladder can see employees earning in the remit of £75,000+ / $191,000+. Risk Analytics is an incredibly exciting role, and the demand for highly skilled analysts will undoubtedly continue rising, especially as we recover from the pandemic and companies look to implement firmer, more grounded, risk-management procedures in place.If you would like to learn more about Risk Analytics, take a look at our risk analytics jobs or get in touch with one of our expert consultants to find out more.
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