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MERJE is seeking a talented Financial Risk Manager for a leading Building Society in the UK. This exciting opportunity offers a chance to work with a well-established financial institution, managing risk strategies and ensuring regulatory compliance.
Location: Cumbria (Very Hybrid)
The Role:
As a Financial Risk Manager, you would be reporting to the Head of Financial, Strategic & Enterprise Risk and you will be supporting them to oversee financial risk management for the Society.
Key Responsibilities of the Financial Risk Manager:
- Support the Head of Financial, Strategic & Enterprise Risk to embed, review, and recommend appropriate and effective risk management assessment, measurement and reporting
- Review and challenge of key prudential policy documents, including Financial Risk Management Policy, ICAAP, ILAAP, Funding Plan, Recovery and Resolution planning.
- Preparation and presentation of Risk reports to ALCO and Board on key deliverables to summarise risk review work undertaken and provide opinion and recommendations.
- Review and challenge of financial modelling, including assumptions and scenarios used
- Undertake interpretation of existing prudential regulation as required and changes to prudential regulation as they arise.
- Periodic review of regulatory reporting, including key capital and liquidity returns.
- Provide oversight to annual financial planning process.
- Review and oversight of monthly MI and ALCO reporting to assess compliance with financial risk metrics and oversee accurate preparation.
- Review and oversight of RCSA landscape for Treasury and Finance.
- Oversight of Treasury financial management strategy outputs, including hedging, prepayment assumptions, counterparty credit risk and encumbrance.
- Participation in projects and prudential programmes relating to financial risk management
Required knowledge and experience for the Financial Risk Manager role:
- Proven experience in financial risk management
- Knowledge of relevant regulatory requirements especially Capital and Liquidity
- Good understanding of Balance Sheet and experience in Treasury and Finance functions
- Experience in Prudential regulatory reporting and Financial Risk reporting
- Strong analytical and problem-solving skills with advanced Excel
- Demonstrable experience of Stakeholder engagement and relationship building.
- Relevant qualifications in finance, risk management, or a related field
Applicants must be located and eligible to work in the UK without sponsorship.
Please note, should feedback not be received within 28 days, unfortunately your application has been unsuccessful. In applying for this role, you may be registered on our database so we can contact you about suitable opportunities in future. Your data will be managed in accordance with our Privacy Policy, which can be found on our website.
If you would like this job advertisement in an alternative format, please contact MERJE directly.
