Financial Risk Manager

JR United Kingdom; Milton Keynes; On-site; GBP 60,000 - 90,000; Full time

Job summary

A well-established Bank in the City of London is seeking a Financial Risk Manager. This key role involves managing capital, market, and liquidity risks, providing assurance and challenge to Treasury activities. The successful candidate will oversee and influence risk management, supporting corporate planning through expert input and collaboration with senior stakeholders.

Qualifications

• Experience interpreting and understanding regulatory guidelines.
• Strong background in Market and Liquidity Risks with IRRBB measurement experience.
• High proficiency in Microsoft Excel.
• Experience influencing senior stakeholders.

Responsibilities

• Provide independent challenge to Treasury & Finance for compliance.
• Recommend triggers and limits for reporting to the Board.
• Review ALCO packs and contribute to Bank’s decisions.
• Provide assurance of ICAAP and ILAAP processes.

Skills

Market and Liquidity Risks

Regulatory guidelines interpretation

Microsoft Excel

Communication skills

Attention to detail

Risk awareness

Job description

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Rev & Regs are seeking a Financial Risk Manager to work for a dynamic and well-established Bank in the City of London.

The Financial Risk Manager role is a key 2nd line for Treasury activities, providing assurance and challenge to the 1st line of defence on the identification, measurement, management and control of capital, market and liquidity risks. You will manage the risk appetite for liquidity, funding, market and capital risk and support the corporate and strategic planning cycle and associated funding plan processes.

Responsibilities:

• Provide independent challenge to Treasury & Finance to ensure the business adheres to Regulatory and internal requirements.
• Recommend triggers and limits and contribute to risk appetite reporting to the Board.
• Review and challenge the ALCO packs and contribute to the Bank’s decisions on ALCO matters.
• Ensure all capital, market & liquidity risks policies and risk management procedures are reviewed, maintained, and developed in response to ongoing change in the business and external environment and to meet regulatory standards.
• Provide documented assurance of ICAAP and ILAAP challenge and outcomes, to support governance and oversight of these processes, including Internal Audit and supervisory review.
• Attend and contribute to challenge at Pricing Committee.
• Provide assurance over FTP assumptions and implementation.
• Monthly pipeline assurance and backtesting.
• Ongoing monitoring and challenge of Treasury assumptions (e.g., prepayment, pass through, EIR, etc.).
• Assist the model validation team as a subject matter expert in Treasury model assumptions and outcomes.
• Support the broader Risk and Compliance functions as needed.

Experience:

• Experience interpreting and understanding regulatory guidelines.
• Strong background in Market and Liquidity Risks, with experience in IRRBB measurement approaches.
• High proficiency in Microsoft Excel.
• Experience influencing senior stakeholders.
• Excellent written and verbal communication skills.
• Exceptional attention to detail, rigour, and accuracy.
• Demonstrates risk awareness through curiosity and questioning, and willingness to instigate change to improve standards.
• A self-starter with high initiative, integrity, and professionalism.
• Experience in ICAAP and/or ILAAP stress testing is advantageous.
• Strong technical and systems skills, including ALMIS, are beneficial but not essential.