As a Risk Manager in the second line financial risk team you will play a key role in challenging and supporting the business to manage its financial risks in line with regulation, risk appetite and the Enterprise Risk Management Framework (ERMF). You will review major regulatory deliverables such as the ILAAP and ICAAP, as well as regularly review and challenge financial risk papers at senior committees including ALCo, Executive Risk Committee and Board Risk Committee.
Your excellent written and verbal communication skills will help you to brief and influence senior management both within first line Treasury and Finance teams, and the Risk function. You will be comfortable engaging and debating complex ideas with technical experts as well as clearly and succinctly summarising technical topics for senior leaders.
The Financial Risk Oversight function provides second line review, challenge and support across market, liquidity, capital, model and business risks, as well as prudential regulatory advice. The department is led by the Director of Financial Risk Oversight who reports to the Chief Risk Officer. This is a new role and sits within the Treasury Risk Oversight team reporting to a Senior Risk Manager.
At Nationwide we offer hybrid working wherever possible. More rewarding relationships are supported through our hybrid approach, bringing colleagues together across our UK wide estate, whilst also supporting generous access to home working. We value our time in the office to solve problems, to learn, and to feel connected.
For this job you'll spend at least two days per week, or if part time you'll spend 40% of your working time, based at either our London or Swindon office. If your application is successful, your hiring manager will provide further details on how this works. You can also find out more about our approach to hybrid working here .
If we receive a high volume of relevant applications, we may close the advert earlier than the advertised date, so please apply as soon as you can.
What you'll be doing
You'll be influencing first line risk management by proactively engaging with the Treasury Risk teams. Sometimes you will engage early to input into the formulation of risk management proposals, while at other times you will review and challenge first line outputs. Your awareness of others means that you will be able to tell which approach will work best and give the desired results.
As someone who is up for a challenge, you will be expected to take ownership of issues outside of your own direct remit for the benefit of the department and division. You will need to prioritise effectively and maintain focus and a proactive approach, as well as being able to perform under pressure against tight deadlines.
About you
We're looking for the following skills and experience:
* Experience using extensive technical knowledge of at least one of liquidity & funding risk, capital management or market risk (IRRBB) to achieve better financial risk management outcomes.
* Significant experience working in financial services in a Financial Risk, Treasury, Financial Planning, or Stress Testing role. This will have involved experience overseeing, or producing, the ICAAP, ILAAP, Recovery & Resolution plans or financial stress testing activities of a bank or building society.
* Comfortable working independently and part of a team, and experience forming and providing an opinion based on the information available.
* Self-motivated with a desire to stretch yourself and seek out new challenges.
* Strong interpersonal and proven influencing skills.
* Excellent analytical skills and an ability to challenge across a range of technical areas, as well as explaining complex ideas to non-experts.
Our Customer First behaviours are all about putting customers and members at the heart of how we work together. You can strengthen your application by showing the behaviours that resonate with you, and how you might have already demonstrated these.
* Say it straight - This is about being honest and direct with good intent and saying what needs to be said in the room. It's also about being clear, precise, and using language that we and, importantly, our customers and members can understand.
* Push for better - This is about aiming high and constantly looking for better in how we work together and serve our customers and members.
* Get it done - This is about prioritising what will have the greatest impact, being decisive and taking accountability for delivering on the end-to-end outcome.
We know applying for jobs can sometimes feel like you're sending an application into a black hole. We review each application individually. So, it's a good idea to call out your most relevant experience on your application to give yourself the best chance.
The extras you'll get
There are all sorts of employee benefits available at Nationwide, including:
* A personal pension - if you put in 7% of your salary, we'll top up by a further 16%
* Up to 2 days of paid volunteering a year
* Life assurance worth 8x your salary
* A great selection of additional benefits through our salary sacrifice scheme
* Wellhub - Access to a range of free and paid options for health and wellness.
* Access to an annual performance related bonus
* Access to training to help you develop and progress your career
* 25 days holiday, pro rata
What makes us different
Nationwide is the world's largest building society. With over 15 million customers, we have a relationship with almost a quarter of the UK's population. We've got the scale to compete with the big banks, but we're not a bank .
As a building society, we're owned by our members - that's our customers who have their current account, mortgage or savings with us. It means we can do things differently to deliver our Purpose - Banking - but fairer, more rewarding, and for the good of society.
When you work at Nationwide, you can experience that difference for yourself. You'll be part of a high-performing, purpose-driven organisation that offers rewarding career experiences and a highly competitive range of benefits to match. You'll also be joining us at an important time as we seek to reach more and more people in the UK. We want everyone in the UK to know that they don't have to bank with a bank. They can choose a modern mutual instead.
What to do next
If this role is for you, please click the 'Apply Now' button. You'll need to attach your up-to-date CV and answer a few quick questions for us.
We respond to everyone, so we will be in contact shortly after the closing date to let you know the outcome of your application.
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