Financial Risk Manager

JR United Kingdom; London; On-site; GBP 60,000 - 100,000; Full time

Job summary

An established industry player is seeking a Financial Risk Manager to join their Risk & Compliance function. This pivotal role involves providing independent oversight to Treasury and Finance teams, ensuring compliance with regulatory standards and internal risk frameworks. The successful candidate will engage in key decision-making processes, contribute to the development of risk policies, and act as a subject matter expert in model validation. This is an exciting opportunity for a dynamic professional to make a significant impact in a fast-paced environment, where your expertise will drive compliance and risk management excellence.

Qualifications

• Experience in a similar Financial Risk position within a lending environment.
• Proven experience interpreting and applying regulatory guidance in financial services.

Responsibilities

• Provide independent review and challenge to Treasury and Finance activities.
• Recommend risk triggers and limits, contributing to risk appetite reporting.
• Maintain and enhance capital, market, and liquidity risk policies.

Skills

Financial Risk Management

Regulatory Compliance

Market Risk

Liquidity Risk

IRRBB Methodologies

Microsoft Excel

Tools

Microsoft Excel

PowerPoint

Word

Job description

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InterQuest are supporting a well-established challenger bank who are seeking a Financial Risk Manager to join its Risk & Compliance function. This is a critical role providing independent oversight and challenge to Treasury and Finance teams, ensuring adherence to both regulatory standards and internal risk frameworks.

Key Responsibilities:

• Provide independent review and challenge to Treasury and Finance activities to ensure regulatory compliance and alignment with internal policies.
• Recommend risk triggers and limits, and contribute to the development and reporting of risk appetite to the Board.
• Review ALCO (Asset & Liability Committee) materials and provide risk input into ALCO decision-making.
• Maintain and enhance capital, market, and liquidity risk policies and procedures in response to internal developments and regulatory changes.
• Offer documented assurance on ICAAP and ILAAP processes to support internal governance, audit, and regulatory reviews.
• Actively participate in Pricing Committee discussions, offering challenge and assurance on key assumptions.
• Oversee and validate Funds Transfer Pricing (FTP) assumptions and their implementation.
• Conduct regular assurance activities, including monthly pipeline reviews and backtesting.
• Monitor and challenge Treasury assumptions (e.g., prepayment, pass-through rates, effective interest rate models).
• Act as a subject matter expert in supporting the model validation process, particularly with Treasury models.
• Collaborate with the wider Risk and Compliance function as required.

Skills and Experience Required:

• Experience in a similar Financial Risk position within a lending environment
• Proven experience interpreting and applying regulatory guidance in financial services.
• Strong background in market and liquidity risk, with hands-on experience in IRRBB (Interest Rate Risk in the Banking Book) methodologies.
• Proficient in Microsoft Excel; working knowledge of PowerPoint and Word.