Social network you want to login/join with:
At Yorkshire Building Society, we pride ourselves on being a mutual organization that places our customers at the heart of everything we do. As a result, we continue to grow and strengthen our position as one of the most trusted financial services providers in the UK, providing real help with real lives.
About the role
We are seeking to appoint a specialist Market Risk Manager to join the Asset & Liability Management team within the Balance Sheet Control directorate. In this role, you will be responsible for defining market risk appetite and policies, leading the market risk section of the Society’s ICAAP as a subject matter expert, and supporting colleagues with your expertise. This position does not entail line management responsibilities.
The successful candidate will enhance the understanding and development of the risk management framework, ideally with a background in IRRBB or market risk. The role involves managing market risk exposures related to interest rates, credit spreads, and foreign exchange within a banking book context.
You will interpret regulatory changes and assess their implications for YBS, develop a strong understanding of our balance sheet, and promote a positive risk management culture.
About You
You should possess in-depth knowledge of internal and external market risk metrics such as NII, VaR, PV01, CSVaR, and regulatory requirements. Additional requirements include:
* Experience with banking book and financial market products, and a broad understanding of finance and balance sheet management.
* Proven experience in preparing the market risk section of an ICAAP and navigating governance processes.
* Thought leadership in setting and communicating market risk appetite.
* Experience in defining and maintaining banking book hedging strategies.
* Ability to update policies in response to industry and regulatory changes ensuring compliance.
* Strong communication skills to engage stakeholders and articulate business requirements effectively.
* Attention to detail, proactive attitude, and a mindset geared towards continuous improvement.
* A proactive team player who inspires colleagues, even without formal leadership responsibilities.
About us
At YBS, we are member-focused, valuing respect, inclusivity, and your personal development. We offer flexible working arrangements to support your work-life balance and are committed to your career growth through comprehensive induction and training programs.
Our Benefits
We provide a range of rewards, including:
* Holiday: 25 days plus Bank Holidays, with options to purchase additional days.
* Bonus: Up to 10% annual bonus based on performance.
* Pension: Contributions up to 11% into your pension scheme.
* Healthcare: Access to private medical insurance, dental, and healthcare plans.
* My Benefits: Access to our benefits portal with discounts on retail, hospitality, and health services.
#J-18808-Ljbffr