Financial Risk Manager

MERJE; England; Hybrid; GBP 60,000 - 80,000; Full time

Job summary

A leading financial institution in the UK is looking for a Financial Risk Manager to oversee financial risk management and support compliance with regulatory requirements. The role involves preparing reports, reviewing financial models, and engaging with stakeholders. Candidates should have proven experience in financial risk management and relevant qualifications in finance or risk management.

Qualifications

• Proven experience in financial risk management.
• Good understanding of Balance Sheet and Treasury functions.
• Experience in Prudential regulatory reporting.

Responsibilities

• Support embedding and reviewing risk management assessments.
• Prepare Risk reports for ALCO and Board.
• Review financial modelling assumptions and scenarios.

Skills

Financial risk management

Regulatory compliance knowledge

Analytical skills

Stakeholder engagement

Advanced Excel

Education

Relevant qualifications in finance or risk management

Job description

The Role

As a Financial Risk Manager, you would be reporting to the Head of Financial, Strategic & Enterprise Risk and you will be supporting them to oversee financial risk management for the Society.

Location: Cumbria (Very Hybrid)

Overview

MERJE is seeking a talented Financial Risk Manager for a leading Building Society in the UK. This exciting opportunity offers a chance to work with a well-established financial institution, managing risk strategies and ensuring regulatory compliance.

Responsibilities

• Support the Head of Financial, Strategic & Enterprise Risk to embed, review, and recommend appropriate and effective risk management assessment, measurement and reporting
• Review and challenge of key prudential policy documents, including Financial Risk Management Policy, ICAAP, ILAAP, Funding Plan, Recovery and Resolution planning
• Preparation and presentation of Risk reports to ALCO and Board on key deliverables to summarise risk review work undertaken and provide opinion and recommendations
• Review and challenge of financial modelling, including assumptions and scenarios used
• Undertake interpretation of existing prudential regulation as required and changes to prudential regulation as they arise
• Periodic review of regulatory reporting, including key capital and liquidity returns
• Provide oversight to annual financial planning process
• Review and oversight of monthly MI and ALCO reporting to assess compliance with financial risk metrics and oversee accurate preparation
• Review and oversight of RCSA landscape for Treasury and Finance
• Oversight of Treasury financial management strategy outputs, including hedging, prepayment assumptions, counterparty credit risk and encumbrance
• Participation in projects and prudential programmes relating to financial risk management

Qualifications

• Proven experience in financial risk management
• Knowledge of relevant regulatory requirements especially Capital and Liquidity
• Good understanding of Balance Sheet and experience in Treasury and Finance functions
• Experience in Prudential regulatory reporting and Financial Risk reporting
• Strong analytical and problem-solving skills with advanced Excel
• Demonstrable experience of Stakeholder engagement and relationship building
• Relevant qualifications in finance, risk management, or a related field