VP - Liquidity Risk - Retail Bank

Michael Page (UK); City Of London; Hybrid; GBP 110,000 - 140,000; Full time

Job summary

A leading retail bank in the City of London is seeking a Vice President - Liquidity Risk Management to oversee liquidity risk across the bank. This role involves collaborating with senior stakeholders and ensuring compliance with UK regulations. The successful candidate will have substantial experience in liquidity risk and will play a pivotal role in shaping critical regulatory processes. The position offers competitive compensation estimated at £110,000 to £140,000 annually, with a hybrid work model requiring office presence just 1-2 days a week.

Benefits

Competitive salary

Flexible working

Commitment to personal development

Career advancement opportunities

Qualifications

• Substantial experience in liquidity risk or balance sheet management within a bank.
• Deep understanding of the UK regulatory landscape, including LCR and NSFR.
• Strong analytical skills and familiarity with stress testing methodologies.

Responsibilities

• Lead the governance of the ILAAP, ensuring regulatory compliance.
• Identify key liquidity risk drivers and monitor exposures.
• Develop and maintain a comprehensive liquidity risk framework.

Skills

Experience in liquidity risk

Influencing skills

Analytical skills

Communication skills

Familiarity with financial instruments

Job description

Overview

• High impact role offering oversight of liquidity risk across the bank.
• Collaborating with the Head of Treasury and CRO on strategic initiatives.

About Our Client

Established by royal charter in the 1700s, our client is a leading retail bank based in the UK. The institution offers a comprehensive range of financial services, including savings, loans, mortgages, and other customer-focused products, serving both personal and commercial clients.

Job Description

As Vice President - Liquidity Risk Management, you will be a key contributor within the second line of defence, driving the identification, assessment, and oversight of liquidity risk across the bank. This is a high-impact role requiring strong technical expertise, deep familiarity with ILAAP, and proven influencing skills to partner with senior stakeholders across Treasury and Risk.

You will act as a critical friend to the Treasury function - providing robust, constructive challenge and strategic guidance on liquidity frameworks, stress testing, and regulatory submissions.

Key Responsibilities

• Lead the enhancement and governance of the ILAAP, ensuring regulatory compliance and alignment with best-in-class industry practices.
• Identify key liquidity risk drivers and monitor exposures against internal and regulatory metrics (e.g., LCR, NSFR, PRA110, ILST).
• Develop and maintain a comprehensive liquidity risk framework, including limits, models, stress testing scenarios, and early warning indicators.
• Provide critical challenge to Treasury strategies for managing liquidity, including cash reserve optimisation, funding facilities, and asset-liability matching.
• Monitor and report on daily liquidity positions, highlighting key trends and potential risks to senior management and regulatory bodies.
• Lead and support the development of contingency funding plans and responses to liquidity shortfalls or market disruptions.
• Own and oversee the definition, calibration, and monitoring of liquidity risk limits in line with risk appetite.
• Represent the Risk function in regulatory reviews and internal audits, clearly articulating methodology, governance, and controls.
• Influence key stakeholders across Treasury, Finance, and Risk functions; acting as a trusted advisor.

The Successful Applicant

• Substantial experience in liquidity risk, or balance sheet management within a bank.
• Deep understanding of the UK regulatory landscape, including LCR, NSFR, PRA110, and in particular, end-to-end ILAAP ownership or significant contributions.
• Demonstrated ability to deliver and improve complex regulatory submissions and risk frameworks.
• Strong influencing, interpersonal, and communication skills - with the gravitas to challenge senior stakeholders and build consensus across teams.
• Comfortable operating in a fast-paced, regulatory-driven environment with multiple competing priorities.
• Strong analytical skills, familiarity with financial instruments, stress testing methodologies, and liquidity forecasting techniques.

What's on Offer

• Play a central role in shaping a strategic and regulatory-critical process (ILAAP).
• Work in a collaborative environment with exposure to senior decision-makers and regulators.
• Competitive compensation, flexible working, and a strong commitment to personal development.
• Competitive salary, estimated at £110,000 to £140,000 per annum.
• Permanent role offering stability and career advancement opportunities.
• Hybrids role with the requirement of being in the office (City of London) only 1-2 days per week.
• Please note, our client is unable to offer sponsorship at this time.