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Business Analyst - Enterprise Risk Management.

Posted 21 Sep 2022
Work experience
5 to 7 years
Full-time / part-time
Job function
Degree level
Required language
English (Fluent)

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About Ashurst:

Ashurst is a leading progressive global law firm with a rich history, celebrating it's bicentenary in 2022. We are proud of our history and future-focused, having expanded into new technologies through our NewLaw division, Ashurst Advance, and our consulting arm. Our in-depth understanding of our clients and commitment to providing excellent standards of service have seen us become a trusted adviser to local and global corporates, financial institutions and governments in all areas of commercial law.

In order to comply with regulatory and client requirements, Ashurst will undertake appropriate vetting of staff. When applicants accept a job offer, Ashurst, alongside a specialist provider, will undertake professional verification and background checks. These checks are only undertaken with consent, and in accordance with our legal and regulatory obligations.

Department/Role overview:

This role will be supporting the maturity of the firms Risk & Compliance objectives relating to Enterprise Risk Management. The role will work extremely closely and in support of the Head of ERM to achieve our exciting and ambitious plans for ERM.

This role is responsible for supporting the effective implementation, maintenance and oversight of Ashurst Enterprise Risk Management Framework across the business. The ability to translate risk management knowledge (e.g. technical and standards) into practical and creative application across the business, and demonstrate the value of effective risk management.

This role is set in the context of a global international firm, with the aim to gain maturity in risk management globally. A maturity which will serve to:

(1) strengthen key activities of the Risk & Compliance Framework, and

(2) support design and delivery of key strategic projects with reference to risk appetite.

The Risk & Compliance function is very commercially minded and focuses on adding value to the business as well as our clients. Creativity and a 'thinking outside the box' approach is crucial.

The successful candidate will form part of a growing team of ERM colleagues, and will work very collaboratively across divisions, practice areas and business functions to ensure continued delivery of strategic objectives.

The successful candidate will be expected to support and facilitate the design of policies, controls and processes, ensuring they are aligned to this focus.

Main responsibilities:

Business as Usual and specialist knowledge:

Risk Management Framework ("RMF") including policies, procedures and processes

  • Support the uplift of the Ashurst Risk Management Framework in collaboration with the Head of Enterprise Risk Management, Risk & Compliance Team and broader firm.

  • Enable the consistent review, risk assessment, gap analysis, remediation and changes to the suite of risk policies, procedures and processes as appropriate and on an annual basis at a minimum.
  • Actively promote risk policies, controls and mechanisms to mitigate financial, operational, strategic and compliance risks to an acceptable level.

Risk Appetite Statement ("RAS") including operationalisation

  • Support the refresh of the Risk Appetite Statements for each of the material risks of the firm across stakeholder groups.

  • Support the Head of ERM to operationalise the risk appetite in the firm processes - strategic planning, business plan, day-to-day decision making, etc.

Risk Identification, Assessment and Reporting

  • Work with the Head of ERM and the wider firm to keep under review the risk taxonomy, provide insight to both the existing Corporate Risk Profile of the firm as well as new emerging risks that may impact our firm and business.

  • Support the facilitation of the ongoing review of the firms risk assessment criterial - liaise with SMEs across the firm (e.g. finance) to ensure the materiality is appropriate and reviewed.
  • Support the Risk Management Reporting process across the firm.

Risk Appetite Reporting and Monitoring

  • Support the annual risk appetite reporting and monitoring cycle, suggest improvements where necessary.

  • Support the development and ongoing monitoring of the KRIs.

Drive Risk Awareness and Risk Culture across the Firm

  • Support the Head of ERM and the wider Risk and Compliance Team drive a culture where ERM supports decision making across the firm.

  • Look for opportunities to embed a better risk culture across the firm.
  • Support the Head of ERM by contributing to the successful remediation of any audits (e.g. client audits).

Ensure successful maintenance of a Global Integrated Risk Management ("IRM") System

  • Support the implementation of our global integrated risk management system, ensuring data is managed, reviewed and responded to effectively.

Project work and cross-functional workstreams:

Risk Uplift Project: play a support role in the project designed to increase the risk maturity at Ashurst and work collaboratively with the project team including:

  • RMF and Process Overview: play a key role in ensuring all work across the organisation meets best practice standards (or other recognised).

  • 3 Lines Model rollout: work with the relevant stakeholders in support of the 3LoD model within Ashurst.
  • RAS establishment, reporting and monitoring: work collaboratively and with the Head of ERM across legal and business services teams to raise and devise or refine risk management plans to drive and embed a risk culture across people, processes and technology.
  • Manage risks to the strategy: work collaboratively, with the Head of ERM and with stakeholders to provide input in the relevant strategy workstreams.
  • Improve risk identification, assessment and reporting: assist as required the relevant teams in new initiatives: new geographical offering, relocation to any systems design or programme governance, with the view to ensure agile implementation and sound execution.
  • Operational Risk Management: provide support to the firm in ensuring operational risks are recorded, managed and responded to appropriately across all internal processes, systems, people and events.

Training and raising awareness:

  • Seek opportunities for regular and consistent engagement both within function and wider business.

  • Support the Head of ERM in raising awareness, championing and participating in meetings with stakeholders in relation to Enterprise Risks and their impact on the effective implementation and pursuit of our business strategy.
  • Support the Head of ERM in raising awareness on all elements of the Risk Management Framework in a relevant and engaging manner: design, implement, improve and deliver training sessions to our wider business as required.
  • Work with the Head of ERM to develop and continually enhance a commercial understanding of the practice areas of the firm and relevant commercial strategy to assist in anticipating and devise mitigation plans of risk issues taking the firm's risk appetite into account.
  • Actively support the Head of ERM in the development of professional peer group activities.
  • Manage priorities and meeting deadlines as well as provide clear direction to achieve outcomes.

Risk and Control: Ensure that all activities and duties are carried out in full compliance with our regulatory requirements and internal policies.

Essential skills and experience:

  • 5 years or more experience and expertise in Enterprise Risk Management.

  • Consulting or inhouse experience considered.
  • Experience in stakeholder engagement at a both middle and senior level and across countries.
  • Proficient writing skills, ability to put complex points across in a clear, concise and articulate way showing sound business acumen (including the opportunities created by effective risk management) to the partnership, senior management or clients of the firm.
  • Outstanding communications skills.
  • Preferred but not essential: understanding of the partnership model and the challenges faced by today's legal industry including any acquisition of new business partners or new market penetration.
  • Discrete and professional in handling sensitive, confidential situations
  • Strong interpersonal skills, able to liaise effectively at all levels across the firm and offices.
  • Commitment to supporting the team as a global function and ability to strengthen those connections thorough daily interactions.
  • Strong organisational skills, attention to detail and able to work well under pressure.
  • Ability to work efficiently, prioritise and meet deadlines.
  • Flexible and able to adapt quickly and positively to new situations.
  • Tertiary Risk qualification or equivalent.
  • Experienced at stakeholder management and a track record in uplifting ERM capability.
  • Expertise in Risk Management Frameworks and sound technical knowledge.
  • Strong team player, who works collaboratively to meet goals and objectives.

A leading international law firm with world class capability.
With our technical expertise, local knowledge and international network, we deliver an experience for our clients that other professional service providers find hard to match. And we are committed to being a sustainable global law firm, having positive impacts for our clients, employees, profession, the environment and the communities in which we are based.

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