Financial Risk Manager

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

Job summary

A well-established Bank in London is seeking a Financial Risk Manager to oversee Treasury activities and ensure compliance with regulatory standards. This pivotal role involves managing risk appetites, providing assurance for capital, market, and liquidity risks, and engaging with senior stakeholders to enhance risk management practices.

Qualifications

• Experience interpreting regulatory guidelines essential.
• Proficient in market and liquidity risks; strong Excel skills required.
• Self-starter with integrity and strong communication skills.

Responsibilities

• Provide independent challenge to Treasury & Finance processes.
• Review and maintain capital, market & liquidity risk policies.
• Offer assurance on ICAAP and ILAAP compliance.

Skills

Market Risk

Liquidity Risk

Communication

Stakeholder Management

Attention to Detail

Microsoft Excel

Risk Awareness

Tools

ALMIS

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, supporting the governance of these documents, as well as 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 the assumptions and outcomes of Treasury models.
• Provide support to the broader Risk and Compliance function where required.

Experience:

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