Risk Analyst at Bank of England, Norwich, East of England

Company Overview: Bank of England is the central bank of the United Kingdom, responsible for maintaining monetary stability and financial stability in the country. With a rich history dating back to 1694, Bank of England plays a crucial role in setting interest rates, issuing banknotes, and regulating the financial sector to ensure a resilient and secure financial system for the UK. Key Responsibilities for Risk Analyst: - Conduct quantitative and qualitative analysis to assess and manage risks within the banking sector - Develop risk models and frameworks to evaluate credit, market, liquidity, and operational risks - Monitor key risk indicators and prepare reports for senior management - Collaborate with internal stakeholders to identify and mitigate potential risks - Stay updated on regulatory requirements and industry best practices related to risk management Required Qualifications: - Bachelor's degree in Finance, Economics, Mathematics, or a related field - Proven experience in risk analysis within the banking or financial services industry - Strong analytical skills with proficiency in data analysis and risk modelling - Knowledge of risk management principles and techniques - Understanding of regulatory frameworks such as Basel III and Solvency II Desired Skills: - Professional certifications such as FRM (Financial Risk Manager) or PRM (Professional Risk Manager) - Experience with risk management software and tools - Ability to communicate complex risk concepts effectively to non-technical stakeholders - Strong problem-solving skills and attention to detail - Team player with the ability to work collaboratively in a fast-paced environment Compensation & Benefits: The annual salary range for the Risk Analyst position at Bank of England in Norwich, East of England, is between £35,000 to £45,000, depending on experience and qualifications. In addition to competitive pay, Bank of England offers a comprehensive benefits package, including pension schemes, health insurance, professional development opportunities, and a supportive work environment. How to Apply: To apply for the Risk Analyst position at Bank of England, please submit your CV and a cover letter highlighting your relevant experience and qualifications to the HR department. Shortlisted candidates will be contacted for further assessment. Thank you for considering a career with Bank of England in contributing to the financial stability of the United Kingdom.