The Role
Support design, implementation and maintenance of the Operational Resilience and third-party risk frameworks to meet FCA/PRA and Lloyd's requirements. Identify and map Important Business Services and dependencies, track vulnerabilities and remedial actions, support scenario testing, maintain compliance evidence and documentation, contribute to regulatory responses and audits, and assist onboarding of syndicates and oversight of critical third parties.
Summary Generated by Built In
Location: Cheltenham (London office attendance may be required on a periodic basis)
The Operational Governance Senior Analyst will support the design, implementation, and continuous improvement of the organisation's Operational Resilience framework, ensuring compliance with UK regulatory expectations (FCA/PRA) and Lloyd's market requirements, alongside supporting the outsourcing and third-party risk management framework across all critical third parties, in line with SS2/21.
The Operational Governance Senior Analyst will support the design, implementation, and continuous improvement of the organisation's Operational Resilience framework, ensuring compliance with UK regulatory expectations (FCA/PRA) and Lloyd's market requirements, alongside supporting the outsourcing and third-party risk management framework across all critical third parties, in line with SS2/21.
The role will contribute to embedding resilience and robust third-party governance across important business services, third-party dependencies, and operational processes, ensuring the business can prevent, respond to, and recover from disruptions.
Key Responsibilities
Support implementation and ongoing enhancement of the Operational Resilience framework in line with UK regulatory requirements and Lloyd's Principles.
Assist in identifying and maintaining mapping of Important Business Services and key dependencies, including third parties, to ensure accuracy as the business evolves.
Support key activities within the Operational Resilience cycle, including tracking of vulnerabilities / remedial actions and scenario testing across critical business functions.
Maintain documentation and evidence to demonstrate regulatory compliance.
Contribute to regulatory responses (FCA/PRA/Lloyd's) and audit activity.
Maintenance of Operational Resilience framework and supporting documentation, including policies, logs and supporting production of the annual self-assessment.
Support the Operational Resilience Steering Group, including preparation of papers and packs for review.
Assist with onboarding of syndicates including review of target operating model and set up of third-party arrangements.
Support the ongoing management of the outsourcing and third-party risk management framework, covering all critical third parties.
Track and follow up on ongoing monitoring activity – including performance/SLA review, financial and operational resilience checks on providers, and renewal of due diligence.
Skills, Knowledge and Expertise
Experience in operational risk, business continuity, operational resilience, or third-party risk management within insurance or financial services.
Understanding of UK regulatory requirements (FCA/PRA Operational Resilience framework, SS1/21) and outsourcing/third-party risk requirements (SS2/21) would be beneficial.
Experience supporting framework implementation and governance processes.
Experience in process mapping and documentation.
Excellent written and verbal communication skills.
Ability to engage with stakeholders across all levels of the organisation.
Demonstrates behaviours aligned to the PoloWorks PRIDE values:
Understanding of UK regulatory requirements (FCA/PRA Operational Resilience framework, SS1/21) and outsourcing/third-party risk requirements (SS2/21) would be beneficial.
Experience supporting framework implementation and governance processes.
Experience in process mapping and documentation.
Excellent written and verbal communication skills.
Ability to engage with stakeholders across all levels of the organisation.
Demonstrates behaviours aligned to the PoloWorks PRIDE values:
- Pioneering – we don’t stand still
- Responsible – We do the right thing
- Inclusive – we all play a role
- Delivery Focused- we provide services we are proud of
- Empowering – we equip people to be their best
Key Competencies
Strong attention to detail and structured approach
Proactive and self-driven
Collaborative and able to influence stakeholders
Strong organisational and time management skills
Ability to manage multiple priorities in a fast-paced environment
Benefits
As well as a competitive salary, discretionary annual bonus, and a minimum 24 days of annual leave (with the option to buy more), you will also get an excellent benefits package, including flexible, hybrid working, private health insurance, life assurance, income protection, enhanced pension contributions, and occupational maternity and paternity pay.
You will also have access to company volunteering days, an Electric Vehicle (EV) leasing scheme, an employee assistance programme with retail discounts and savings, a generous employee referral scheme, regular sports and social events, and free Cheltenham bus travel.
Benefits Band 2
Benefits Band 2
About
PoloWorks is the leading provider of UK-based support services to the insurance market. We have built a strong reputation as dedicated and dependable experts in our field. We pride ourselves on our ability to be flexible, responsive, and knowledgeable.As a leading service support company and turnkey managing agency, our clients choose us because our staff not only have the expertise but also a profound affinity with their business challenges. Our mission is to support, inspire, and develop the insurers of today and tomorrow.Our clients, whether digital start-ups or well-established organisations, rely on the PoloWorks team to develop and strengthen their businesses. Our clients' goals are our goals. As such we design and deliver bespoke solutions to their specific business challenges.Recognised as a Great Place to Work certified company and listed among the Best Workplaces in Financial Services & Insurance, PoloWorks is proud of its positive culture and commitment to its people. With offices in London and Cheltenham, PoloWorks has ambitious growth plans, offering exciting opportunities for anyone joining us on the next phase of our journey.It's our mission to unleash the potential in every team, and we know that teams perform best when they are diverse and every team member feels that they belong. It is the unique contributions of all PoloWorks colleagues that drive our success, and we are committed to building an inclusive culture where everyone is empowered to do meaningful work and are recognised for their efforts. To that end, we are committed to providing an environment free of discrimination for everyone.
Skills Required
- Experience in operational risk, business continuity, operational resilience, or third-party risk management within insurance or financial services
- Experience supporting framework implementation and governance processes
- Experience in process mapping and documentation
- Understanding of UK regulatory requirements (FCA/PRA Operational Resilience framework, SS1/21) and outsourcing/third-party risk requirements (SS2/21)
- Excellent written and verbal communication skills
- Ability to engage with stakeholders across all levels of the organisation
- Strong attention to detail and structured approach
- Proactive, self-driven and collaborative with ability to influence stakeholders
- Strong organisational and time management skills and ability to manage multiple priorities
- Demonstrates behaviours aligned to the PoloWorks PRIDE values
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The Company
What We Do
PoloWorks provides business advisory and outsourced services to (re)insurers and brokers within the insurance lifecycle, operating in the Lloyd’s and companies markets.
