Risk and Compliance Analyst Job Description: Role Overview and Duties

The Risk and Compliance Analyst Job Description outlines a role focused on identifying, assessing and managing regulatory and operational risk across the organisation. This position is suitable for candidates with experience in compliance monitoring, risk assessment, regulatory reporting or internal control testing who can work collaboratively with business units and assurance teams.

Risk and Compliance Analyst Job Profile

The Risk and Compliance Analyst provides practical support for the design, implementation and maintenance of the compliance and risk management framework. The role aims to ensure that policies and controls remain effective and that the organisation meets its regulatory obligations.

The analyst will work closely with compliance, legal and operational teams to translate regulatory requirements into control activities, monitor adherence and report on risk trends to stakeholders.

Risk and Compliance Analyst Job Description

The Risk and Compliance Analyst is responsible for conducting risk assessments, maintaining risk and compliance registers and performing control testing to verify that mitigations operate as intended. The role requires preparing clear, evidence-based reports for management and supporting remediation activities where gaps are identified.

Work is typically carried out within a formal governance framework and involves liaising with business owners to embed controls, advising on regulatory change and supporting periodic compliance reviews and internal audit activities. The analyst is expected to apply sound judgement, maintain professional scepticism and escalate issues according to governance requirements.

Risk and Compliance Analyst: Duties and Responsibilities

• Conduct regular risk assessments and update the risk register to reflect current threats and control effectiveness.
• Monitor changes in legislation and regulation and assess their impact on business activities and controls.
• Design and document control procedures to address identified risks and regulatory requirements.
• Perform control testing and compliance monitoring activities and record findings with supporting evidence.
• Prepare concise, actionable reports and dashboards for management, compliance committees and other stakeholders.
• Support remediation planning and track closure of control deficiencies and regulatory remediation items.
• Investigate compliance incidents and breaches, document root causes and recommend corrective actions.
• Advise business units on regulatory obligations and assist with implementation of new or revised controls.
• Contribute to internal audit planning by providing risk information and participating in audits as required.
• Assist with onboarding and ongoing oversight of third parties to manage third-party risk exposures.
• Support delivery of compliance training and awareness activities to promote adherence to policies and standards.
• Maintain and improve compliance documentation, policies and procedures to reflect best practice.
• Develop and maintain key risk and compliance metrics to support trend analysis and reporting.
• Collaborate with legal, finance and operations teams to ensure consistent application of controls and regulatory interpretation.

Risk and Compliance Analyst: Requirements and Qualifications

• Bachelor's degree in law, finance, business, risk management or a related discipline.
• Minimum of 2 years' experience in a compliance, risk or regulatory role within a regulated environment.
• Strong understanding of regulatory frameworks relevant to the sector and the ability to interpret regulatory guidance.
• Experience in risk assessment, control design and testing, and remediation management.
• Analytical skills with the ability to produce clear, concise reports and present findings to stakeholders.
• Attention to detail and evidence-based approach to compliance assurance activities.
• Excellent interpersonal and communication skills with the ability to influence across functions.
• Ability to manage competing priorities, work independently and meet deadlines within a governance framework.
• Familiarity with data protection, anti-money laundering and sanctions considerations where applicable.
• Proficiency in working with data, spreadsheets and basic data analysis to support monitoring and reporting.
• Professional compliance or risk qualification desirable but not essential.
• Commitment to continuous professional development and staying current with regulatory changes.