Financial Risk Analyst

Handelsbanken; City Of London; On-site; GBP 60,000 - 90,000; Full time

Job summary

Handelsbanken in London seeks a Financial Risk Analyst to strengthen the UK Risk function and enhance reporting and analytics capabilities. You will work with the Business, Data & Modelling teams to deliver robust risk insights and ensure quality outputs.

The role requires self-motivation, effective cross-team cooperation, and the ability to manage workloads in a fast-paced banking environment, with the position based at the London Head Office.

Qualifications

• Sound quantitative skills with datasets and basic statistical techniques.
• Experience with programming or BI tools such as SQL Server, Python, Tableau or Power BI.
• Ability to communicate, analyze and present complex issues clearly both verbally and in writing.
• Experience in banking, consulting, auditing, insurance or related industry.

Responsibilities

• Improve reporting, automation and analytics within Handelsbanken IT structure.
• Create analysis and insights into financial risk drivers for stakeholders.
• Share responsibility for daily, weekly and monthly risk reporting operations.
• Complete in-cycle 2nd line reviews of regulatory returns.
• Review key financial risk models with modelling teams and oversight committees.
• Develop subject matter expertise in financial risk management.
• Support risk managers with project work.
• Operate in line with Risk Management framework and escalate concerns.

Skills

Quantitative analysis

SQL / Python

Data visualization

Communication skills

Banking knowledge

Tools

SQL Server

Python

Tableau

Power BI

Job description

Job Introduction

Handelsbanken is a relationship bank built on trust, long-term thinking and local decision-making. We provide bespoke banking and wealth management services to personal and corporate customers,

Our decentralised model means decisions are made close to the customer, in our branches. Our central Functions teams play a vital role in supporting the branch network, providing the expertise, governance and infrastructure that enable branches to serve customers effectively and sustainably.

This approach had underpinned our success for decades. Handelsbanken is independently recognised as one of Europe's safest commercial banks, holds the strongest credit rating among its peers and is consistently ranked highly for customer satisfaction and relationship banking.

Our culture is values-led, shaped by trust, respect, and long-term thinking. We empower our people to use their expertise, make confident decisions and build long-term careers. We look for people who share our long- term vision, want to grow and want to make a meaningful impact in their local community and with the Bank

We also recognise that flexibility can support people to perform at their best, and that it looks different for everyone. While arrangements will depend on the requirements of the role and the needs of the business, we are open to having a conversation around what flexibility could look like for you.

Check our Handelsbanken website for further information

The opportunity

This is an excellent opportunity to join and develop your financial risk analytics capabilities within the broader UK Risk function. The breadth of the deliverables and the fact that processes, modelling- and analytical capabilities are continuously being developed and improved demands a flexible and collaborative approach from team members to ensure solid team performance in cooperation with the business.

The Financial Risk Analyst is required to be self-motivated, have the natural ability to cooperate effectively across multiple teams and to manage workloads capably. This position reports into the Head of Financial Risk and will be based in our London Head Office.

The Financial Risk Analyst is responsible for enhancing and maintaining the Bank's Financial Risk reporting and analytics capabilities. They work closely with other groups within UK Risk and supports the broader Financial Risk department.

Key responsibilities

• Continuously improve the team's reporting, automation and analytics capabilities within the Handelsbanken IT structure and further automate and enhance key risk reporting processes, in collaboration with Data & Modelling teams
• Create analysis and insight into financial risk drivers and communicate those with a wide range of stakeholders
• Share the responsibility for daily, weekly and monthly risk reporting operations with other members of the team
• Complete in-cycle 2nd line reviews of relevant regulatory returns
• Support other team members in reviewing key financial risk models, co-ordinating and collaborating on any required model changes with Handelsbanken Group and UK modelling teams as well as the Model Oversight Committee
• Develop subject matter expertise in the management of financial risks to enable effective review and challenge of the first line of defence
• Support the Financial Risk Managers/Senior Managers with project work as required
• Operates in line with the Bank's Risk Management framework (including sub-frameworks) and relevant risk and compliances policies and procedures, ensuring appropriate and timely escalation of any concerns to their line manager

What we're looking for

Research (by Harvard University) shows that women are particularly likely to second guess themselves and not apply - so if you are worried you don't meet all the criteria, get in touch anyhow and let us do the worrying...

• Have sound quantitative skills, for example comfortable with analysing datasets and understanding of simple statistical techniques
• Have expertise and working experience in a programming language (e.g. Microsoft SQL Server, Python) or in a business intelligence tool (e.g. Tableau, Microsoft Power BI) and the willingness to quickly improve quantitative analytics skills on the job
• Have the ability to communicate, analyse, articulate and present complex issues clearly and concisely both verbally and in writing
• Have experience in the banking, consulting, auditing, insurance or a related industry
• Ideally but not necessarily, have prior experience in treasury, treasury risk or similar departments
• Have an attention to detail and an organised, yet flexible, approach to work
• Have a hands-on, can-do mentality and is proactive and able to act on their own initiative

Why join Handelsbanken

We want everyone at Handelsbanken to feel supported, motivated, and able to do great work. That's why, alongside brilliant colleagues, meaningful work and training and development opportunities, we provide a variety of benefits designed with your wellbeing in mind.

In addition, there is a flexible benefits package with the key highlights detailed below.

The Bank is deeply committed to embedding good equality and diversity practice into all of our activities. This is so that we are an inclusive, welcoming and inspiring place to work that encourages everyone to apply, regardless of socio-economic background, age, disability, pregnancy and/or parental status, race (including colour, nationality, and ethnic or national origin), veteran status, marital and civil partnership status, religion or belief, sex, gender reassignment or sexual orientation.