Company Description

At Octopus, we’re entrepreneurs and we’re investors, on a mission to back the people, ideas and industries that will change the world.  

We think working here is great, but we’re understandably bias. Click here to explore Life at Octopus. 

Job Description

What’s in it for you? 

The second line provides the policies, frameworks, tools, techniques and support to enable risk and compliance to be managed in the first line, conducts monitoring to judge how effectively they are doing it, and helps ensure consistency of definitions and measurement of risk. You will play a key part in decision making processes, as well as being able to drive change and implement new ideas. 

This is a new role that will give you an insight into business activity across the firm, and look to centralise and enhance the processes currently performed by different members of the Risk team. The role will focus on risk data analysis and the preparation of management information for use in the Risk team and other stakeholders throughout the business. This will assist in monitoring that the risk framework is working as expected, and highlight risk trends or concerns being reported by the business 

The team: 

We’re looking for a second line Risk Analyst to work within Octopus Investments reporting to the Head of Risk.  You will be working in the wider Risk & Compliance team with over 35 people. 

The Risk team is the second line of defence within Octopus.  We have a goal to protect the business by embedding an honest open risk culture, doing the right thing, and supporting Octopus’ core values: Be straightforward; be bold; and be helpful.  We are keen to add value to the business and propose solutions beyond the basic expectations of risk.  We also like to work quickly when identifying a risk, fixing it now and for the longer term with the appropriate controls.  Our risk model includes over 50 Risk Coordinators in the first line who help manage the risks. 

What will you be doing? 

• As a risk analyst you will play a key role in supporting to drive and develop certain aspects of our risk management process, this could include monitoring and facilitating risk register reviews using Xactium (our specialised tool), managing and reviewing our risk-related policies and supporting with data protection initiatives. 

• When things don’t go as planned this role is crucial in quickly and efficiently triaging and handling risk incidents head-on, ensuring they are recorded accurately and serious issues escalated as needed. You will also gather and interpret data related to incidents, to help us understand our current risk landscape and how we can better manage it, as well as learning from incidents that have happened. 

• You will collaborate with and support the wider risk team on other key tasks such as overseeing our company's insurance strategies, compiling, preparing and presenting reports and assisting in the creation of training initiatives that raise risk awareness. 

Qualifications

Ideally, you’ll have: 

✅ A growth mindset and a keenness to understand how risk frameworks operate and approaches to managing risk. 

✅ A problem solving mindset, where issues are seen as opportunities to learn and develop. 

✅ An ability to demonstrate accuracy and thoroughness in your approach to work. 

✅Excellent written and oral communication skills in order to be humble, engaging and friendly when interacting with everyone in the business.  We all make mistakes, but how you deal with them defines you. 

✅ Confidence to use Excel 

We encourage you to apply even if you don’t tick every box. What’s the worst that can happen? 

This role will evolve as we grow and develop. So, if you are looking for a challenge in a fast paced and dynamic business, we can deliver on that. 

Additional Information

What We Offer

💰 A competitive salary, bonus, pension and share incentive plan 
✈️ Untracked holiday 
🏡 Hybrid working – people spend 3 days a week in the office
⚓ Anchor (our wellness hub) which includes Headspace, one to one coaching through Wellness Cloud, Digital GP, Shout & more 
👪 Up to 6 months paid parental leave regardless of gender 
❤️ Life insurance, critical illness cover and income protection 
🏥 Private medical insurance for you and your family 
🚗 Electric vehicle leasing 
🌍 The option to work overseas up to a month per year 

Our Values 
At our core, we believe that how a company behaves is just as important as what it does. That’s why we chose to become an accredited B Corp (the equivalent of a Fairtrade coffee stamp but for companies) and to change our Articles of Association so that the interests all our stakeholders – employees, customers, communities, environment and shareholders – are considered in every decision we make.   

We’re committed to creating a diverse and inclusive employee experience for all. We promote equal opportunities for growth and development regardless of race, gender, religion, sexual orientation, age, disability, or socio-economic background. We believe strongly that teams are at their best when every member of the team feels safe to bring their whole self to work.