Prudential Risk Analyst

Tipton & Coseley Building Society; Tipton; Hybrid; GBP 45,000 - 60,000; Full time

Job summary

A leading building society in the UK is seeking an experienced Prudential Risk Analyst to enhance their credit analytics capability. This role involves overseeing credit and prudential risk areas, ensuring compliance with regulatory requirements, and contributing to the Society’s sustainability goals. The ideal candidate will have a strong background in credit risk, excellent analytical skills, and a commitment to continuous professional development.

Benefits

25 days’ annual leave plus public bank holidays

Staff annual discretionary bonus scheme

Pension contribution

Life assurance of 4 x basic salary

Permanent Health Insurance

Health Cash Plan

Access to internal Mental Health First Aiders

Access to a Wellbeing hub

Volunteering opportunities

Benefit Hub subscription

Qualifications

• 2-3 years’ recent relevant prudential risk management experience.
• Strong understanding of regulatory requirements around credit risk management.

Responsibilities

• Monitor and develop the Society’s credit analytics capability.
• Provide oversight and challenge of the risk appetite.
• Lead the development and delivery of the Green Agenda.

Skills

Communication

Analytical Skills

Attention to Detail

Education

Relevant Qualification

5 GCSE’s grade 9-4 (A*-C)

Tools

Microsoft Office

Excel

Job description

3 days ago Be among the first 25 applicants

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We are looking for an experienced Prudential Risk Analyst to lead the development of the Society’s credit analytics capability, working with both internal and external stakeholders to enable the Society to have a balanced portfolio of forward and backward-looking credit MI.

Working with the Chief Risk Officer you will focus on the oversight of credit and prudential risk areas, for example: lending policies, Credit Risk Management Framework, ICAAP, ILAAP and the Recovery Plan and Resolution Pack.This is a standalone, hands-on role.

To be considered you will need a strong understanding and experience of credit and prudential risk, gained within Credit/Prudential Risk, Finance or Treasury either in a first or second line capacity; and at least 2-3 years’ recent relevant prudential risk management experience within a similar regulated entity.

Key accountabilities include to:

• Monitor and develop the Society’s credit analytics capability including:analysis and monitoring of portfolio credit quality; development of loss given default modelling; development of forward looking indicators of stress and credit quality; and analysis of the financial Impacts of climate change on our mortgage portfolios;
• Analyse, test and feedback in respect of key regulatory documentation including:ICAAP, ILAAP, Recovery Plan and Resolution Pack, key regulatory returns and operational resilience;
• Provide oversight and challenge of the risk appetite, including liaising with first line of defence owners to review risk limits and early warning indicators and review risk policies;
• Undertake second line of defence reviews as agreed within the annual risk and compliance plan and undertake asset book deep dives as required, providing reports to executive and Board level committees;
• Attend Retail Credit Risk Committee;
• Lead the development and delivery of the Green Agenda covering all aspects of the Society, ensuring a sustainable and long-term plan of actions which achieves the Society’s goal of becoming a lower carbon business of the future and ensures continual colleague engagement;
• Work with the Chief Risk Officer to prepare, review and finalise the Society’s annual corporate insurances renewal.

Qualifications and experience required:

• A background in Credit Risk, Finance or Treasury either in a first or second line capacity;
• At least 2-3 years’ recent relevant prudential risk management experience within a similar regulated entity;
• Excellent administrative and PC skills covering Microsoft Office suite of products, specifically use of Excel;
• A good understanding of the regulatory requirements around credit risk management, responsible lending, ICAAP, ILAAP and Recovery Planning;
• Strong communication skills, able to deliver second line of defence assessments confidently to the Board, and if required the PRA;
• Able to balance a multitude of different tasks and be able to manage your time to ensure delivery of all tasks within agreed deadlines;
• To be a self-starter with a desire and ability to demonstrate accountability, go above and beyond whenever necessary, and continually seek to develop your skills and abilities;
• A keen eye for detail, producing work to consistently high standards;
• A relevant qualification (desirable) and ability to demonstrate relevant continuous professional development;
• 5 GCSE’s grade 9-4 (A*-C) or equivalent, including English and Maths.

The Society is able to offer hybrid working, following successful completion of an initial probationary period, you would be able to work 2 to 3 days at home each week.

Why join us at the Tipton?

Located in the heart of the Black Country, here at theTipton & Coseley Building Societywe've created a working environment where employees can pursue worthwhile and rewarding careers, where creativity and productivity are encouraged, recognised and valued.

Our head office is based in the centre of Tipton, with local amenities including a local park and canal suitable for lunch time walks and a local train station connecting to nearby city centres including Wolverhampton and Birmingham.

Being a smaller building society, you will have access to all decision makers.Our open and approachable stance means you will cross paths with senior team members daily and your thoughts, recommendations, and ways of thinking differently will be respected and considered.

Our benefits include:

• 25 days’ annual leave plus public bank holidays
• Staff annual discretionary bonus scheme
• Pension contribution
• Life assurance of 4 x basic salary
• Permanent Health Insurance
• Health Cash Plan
• Access to internal Mental Health First Aiders
• Access to a Wellbeing hub and Employee assistance programme
• Volunteering opportunities
• Benefit Hub subscription: giving access to a wide range of discounts across many different sectors

Tipton & Coseley Building Society is proud to be an equal opportunity employer. We are firmly committed to creating and maintaining a diverse and inclusive workplace in which all employees are valued, respected, safe, supported, and listened to without judgement or prejudice. We celebrate difference and encourage everyone to join us and be themselves at work.Please let us know if you need reasonable adjustments for any part of the recruitment process and we will be happy to assist.

Seniority level

• Seniority level

  Mid-Senior level

Employment type

• Employment type

  Full-time

Job function

• Job function

  Finance and Sales

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