Risk Manager - Market & Liquidity

OneSavings Bank PLC; New Westminster; Hybrid; GBP 60,000 - 100,000; Full time

Job summary

An established industry player is seeking a skilled professional to join their Market and Liquidity Risk team. In this pivotal role, you will be responsible for managing and analyzing market and liquidity risk issues, developing management information, and supporting strategic initiatives. The company values diversity and inclusion, fostering a collaborative environment where your contributions will make a significant impact. This is an exciting opportunity to work in a dynamic setting, where you will lead critical risk management efforts and help shape the future of the organization. If you are passionate about risk management and eager to grow your career, this role is for you.

Benefits

Discretionary annual bonus opportunity

28 days annual leave plus bank holidays

Contributory pension

Life Assurance

Private Medical Insurance

Hybrid working

Cycle Purchase scheme

Technology Purchase scheme

Season Ticket Loan

Employee Perk Portals

Qualifications

• Experience in managing risks related to liquidity and IRRBB is essential.
• Strong understanding of liquidity risk measurement and management.

Responsibilities

• Develop management information for market and liquidity risk reporting.
• Support ILAAP and ICAAP planning efforts.
• Lead risk input on ALM/Treasury system migration.

Skills

Risk Management

Liquidity Risk Analytics

Market Risk Management

ALM Systems Implementation

Education

Professional ALM Risk Management Qualification

Tools

Focus

Job description

About the team

Do you know the difference between an ILAAP and an ICAAP?

Do you love developing models and/or have experience of using systems like Focus?

If so then the Market and Liquidity Risk team would love to hear from you. The team supports the bank by ensuring that all bank activities adhere to internal and regulatory risk appetite requirements, providing oversight and challenge to other departments and strategic initiatives as required.

About Us

The OSB Group is a FTSE 250 specialist mortgage lender, primarily focused on carefully selected segments of the mortgage market.

Our specialist lending is supported by our Kent Reliance and Charter Savings Bank retail savings franchises. Diversification of funding is provided by sophisticated securitisation platforms. OSB’s unique cost-efficient operating model is supported by our wholly-owned subsidiary OSBIndia.

Alongside passion for our products and customers, we're passionate about our people and want to continue building a collaborative and engaging environment. Being dedicated to Diversity, Equity and Inclusion, we encourage differences and recognise that individuals from diverse backgrounds and experiences can bring valuable insights and enhance the way we work.

What you will be doing

In this role, you will have the opportunity to support the Heads of Market and Liquidity Risk on the management of all market and liquidity risk issues including market and liquidity risk analytics, development of management information, stress testing, and hedging strategy with a particular emphasis on ALM systems implementation and maintenance.

Your responsibilities will include:

• Developing management information for market and liquidity risk reporting to executive and Board, manage production of reports, and review outputs, oversee MI submission to ALCO as well as other management committees.
• Supporting major planning efforts, such as the Individual Liquidity Adequacy Assessment Process (ILAAP) and the Individual Capital Adequacy Assessment Process (ICAAP).
• Performing analysis and propose Board risk appetite updates for market and liquidity risk.
• Performing second line thematic/deep dives reviews with focus on liquidity and market risk regulatory returns and regulatory guidance application.
• Develop, implement and operate “Leading Practice” analytical models, including Stress Tests, Forecasts and “What if” tools.
• Lead on Risk input on ALM / Treasury system migration and upgrades.
• Line management of 1 or 2 Risk Analysts.

In return for your commitment

We offer a competitive salary dependent on experience and a competitive benefits package including:

• Discretionary annual bonus opportunity of up to 15%.
• 28 days annual leave plus bank holidays.
• Contributory pension (8% employer 5% employee).
• Life Assurance (4x salary) plus Group Income Protection.
• Access to Private Medical Insurance and Medical Cash Plan.
• Additional benefits such as Hybrid working, Cycle Purchase scheme, Technology Purchase scheme, Season Ticket Loan, Holiday purchase / sell schemes, Employee Perk Portals, Payroll giving and Save as you Earn scheme.

Could you be the one?

We are looking for talented individuals who have the experience and knowledge set out below:

• Previous work experience in managing risks associated with business assets and liabilities (liquidity and/or IRRBB) is essential.
• Strong knowledge and understanding of the measurement and management of liquidity risk, a focus on retail savings particularly helpful.
• Qualifications in or working towards Professional ALM risk management qualification (ALMA) desirable.

We also believe that your career and how you progress is as unique as your individual personality. We continually support our people so they can become the best version of themselves.

What to do next

If this sounds like you, please apply now! For internal applications please visit the internal careers page to apply.

Alternatively, if you wish to have an informal and confidential chat please get in touch. Contact details can be found on our careers page.

If shortlisted from your initial application we operate a personalised recruitment process. Interviews are a two way street, we aim for them to be relevant and conversational to get the best out of you!

OSB Group are dedicated to diversity in the workplace and committed to treating all our employees and job applicants equally. We embrace equal opportunities and are opposed to discrimination on any grounds.

As part of our public commitment to the Women in Finance Charter, we have introduced our own initiatives to attract, develop and advance senior women in our sector. We don’t stop there though, we have broadened our approach to encourage diversity and inclusion at all levels and in all roles.

Whilst we are an organisation that values face-to-face interaction to build and nourish our culture, we also acknowledge that people are not just productive in an office and tied to the 9 to 5. Flexible-working opportunities are important for establishing a healthy work-life balance so if you see a role of interest we are happy to be asked about flexibility and explore together if we can make it work.

All applicants must have rights to work in the UK and be willing to undertake the relevant pre-employment screening checks should your application be successful.