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Deputy Head of Stress Testing, Liverpool
Client: Virgin Money
Location: Liverpool, United Kingdom
Job Category: Other
EU work permit required: Yes
Job Reference: 8a50113a1320
Job Views: 4
Posted: 11.03.2025
Expiry Date: 25.04.2025
Job Description:
Business Unit: Finance, Stress Testing
Salary range: £70,400 - £105,600 per annum DOE + red-hot benefits
Location: UK Flexible
Contract Type: Permanent
Take control of your career. Live a life more Virgin.
Our Team
Sitting within the FP&A and Capital Management team within Finance, CSTT reach across a wide range of colleagues across Finance, Risk and Treasury to oversee the production of VMUK’s key regulatory and internal capital stress tests. These include the Bank of England’s BCST (Bank Capital Stress Test, the successor to the ACS) and VM’s Pillar 2B ICAAP stress tests.
What you’ll be doing
* As Deputy HO Stress Testing, you will be required to provide guidance, make decisions / judgments, and stand in for the HO ST as necessary. This may involve chairing Expert Panels, approving results for onwards stage gates, and presenting results at Committees like Stress Test Committee and ALCO.
* Own and be accountable for a selection of the stress test modules – providing review/challenge to proposed SME submissions.
* Preparing governance materials to senior committees, including ALCO, BRC and Board.
* Leading some of the Committee presentations and discussions and holding the pen on first drafts of ICAAP P2B chapters / sections of the ICAAP executive summary.
* Overseeing the end-to-end delivery plans for the range of VMUK capital stress tests exercises (BOE BCST and ICAAP P2B).
* Directing capability enhancements to be delivered during the periods between stress test exercises.
We need you to have
* Established knowledge of capital stress testing, ideally from having worked on a concurrent stress testing (e.g. ACS/EBA/CCAR) exercise at a major firm, consultancy or at the regulator.
* A strong financial risk skillset – ideally with breadth of knowledge across a range of risk stripes.
* The ability and confidence to make decisions and provide instruction to others on stress testing related matters.
* A proven track record of working with senior stakeholders, including Exco members (or similar).
* Substantial and demonstrable experience with building strong relationships.
* Excellent communication and influencing skills, to explain complex ideas in simple terms.
* Strong technical knowledge in at least one of the following areas: income modelling, cost modelling/management, credit risk experience, or capital management.
Red Hot Rewards
* Generous holidays - 38.5 days annual leave (including bank holidays and prorated if part-time) plus the option to buy more.
* Up to five extra paid well-being days per year.
* 20 weeks paid, gender-neutral family leave (52 weeks in total) for expectant parents and those looking to adopt.
* Free private medical cover, income protection and life assurance.
* Flexible benefits include Cycle to Work, wellness and health assessments, and critical illness.
And there's no waiting around, you'll enjoy these benefits from day one.
Feeling insatiably curious about this role? If we’re lucky to receive a lot of interest, we may close the advert early and would hate you to miss out.
We're all about helping you Live a Life More Virgin, so happy to talk flexible working with you.
Say hello to Virgin Money
We’re making great strides towards achieving our ambition of becoming the UK’s best digital bank.
Be yourself at Virgin Money
Our purpose is to make people happier about money, this means seeing and feeling the world as our customers do.
As a Disability Confident Leader, we're committed to removing any obstacles to inclusion.
Now the legal bit
Living A Life More Virgin allows our colleagues to be based anywhere in the UK (if the role allows it), but we'll need you to confirm you have the right to work in the UK.
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