Risk Analyst

Risk Analyst

Department: Operational Risk

• Employment Type: Permanent - Full Time
• Location: Head Office, Chelsea House
• Reporting To: Jessica Allpress

Description

The Risk Analyst will play a pivotal role in identifying and analysing operational risks across the business using data-driven insights.

Working closely with the Risk Analytics Manager, you’ll develop and maintain dashboards and risk indicators that enhance our ability to manage risk in a rapidly evolving retail environment.

Responsibilities:

• Oversee operational risk data sets, ensuring accuracy, consistency, and timely delivery for reporting and analysis.
• Prepare and deliver regular and ad hoc reports for Operational Risk, maintaining strong data governance and addressing business insights requests.
• Develop and maintain interactive dashboards (e.g., Power BI) to support self-service data exploration and monitor key risk indicators (KRIs).
• Automate data transformation, reporting, and analytics processes using tools such as VBA, SQL, Python, Rivery etc to reduce manual tasks.
• Identify emerging risks, conduct deep-dive analyses, uncover trends, root causes, and provide data-driven insights for operational risk management.
• Support incident reporting, loss data management, and ensure data accuracy and integrity in risk-related processes.
• Collaborate with teams such as IT, Data, and Operational Risk etc to ensure effective data governance, accessibility, and alignment with business needs.
• Contribute to the enhancement of data processes, reporting frameworks, and risk management policies to improve operational efficiency.
• Develop and maintain documentation, user guides, and training materials to improve data literacy and support teams in managing operational risk.
• Support compliance with internal policies, external regulations, and audit requirements.
• Provide support to teams across the business on using data to understand and manage operational risk. 

Skills
Essential:

• Strong proficiency in data visualisation and analytics tools (e.g., Power BI, Tableau, SQL, Python etc).
• In-depth understanding of operational risk concepts and frameworks.
• Experience working with large, complex datasets from multiple sources.
• Ability to communicate technical insights clearly to non-technical stakeholders.
• Strong analytical and problem-solving skills, with a keen attention to detail.
• Comfortable with ambiguity, change, and managing shifting priorities.
• Ability to collaborate effectively across teams and stakeholders.

Desirable:

• Proven experience in risk analytics, data analysis, or business intelligence within retail, FMCG, or fast-paced consumer environments.
• Experience in fashion retail or eCommerce.
• Familiarity with regulatory risk requirements in the UK and Ireland. 
• Understanding of enterprise risk management systems and risk event reporting tools.
• Ability to use AI tools to enhance analysis e.g., machine learning, predictive analytics etc. 

About Us

We’re a much-loved brand with an exciting future. Our Islanders are a diverse bunch of bright, talented people who love working together – and are proud of the work they do.  Progression here can take you in all kinds of directions. This is what a career at River Island is like. And this is where yours starts.

This role is based at our Head Office in West London. Check us out here on a map.

What we can offer you:

💰  Generous 50% staff discount so you can treat yourself to the latest products, and a bargain staff shop on site!
 
🛒  Reducing Islanders everyday expenses through discounts, benefits, financial advice, wellbeing solutions and more through Reward Gateway!

🎉  A free onsite gym, subsidised restaurant & café to fill you needs. Various social events to socialise throughout the year.

🤎  Every family is unique, we support Islanders with all different family setups enhanced maternity, paternity, adoption & fertility treatment. We also work closely with the Retail Trust to create dedicated support for all our Islanders!

💻  Flexible working is a given, on top of payday and summer early finish Fridays.

💕  Give as you earn scheme, a ‘Giver Island’ day each year and receive matched funding.

🎓  Support with upskilling through on the job training and qualifications. A succession plan if you want to progress.

💰  A generous bonus scheme & private pension plan.

☀️ 25 days paid holiday, exclusive of Bank Holidays. With the added option to purchase additional holiday twice a year for whatever the need!

Keeping You Safe

At River Island we are committed to the safeguarding of all of our employees regardless of age or job role. We will fulfil our obligation under the Prevent duty which seeks to stop extremism and extremist views from materialising in our business. We promote and encourage the belief in British Values- including democracy, the rule of law, individual liberty and mutual respect and tolerance of different faiths and beliefs. To find out more, please visit www.gov.uk.
 
Our Island is made up of a diverse community, where we all belong and feel part of something bigger. We are committed to equality of opportunity and welcome applications from individuals, regardless of age, gender, ethnicity, disability, sexual orientation, gender identity, socio-economic background, religion and/or belief. We will consider flexible working requests for all roles unless operational requirements prevent otherwise. To find out more about this interview process, check out our hiring process below.