Financial Risk Manager

Company Description We're Together, a mortgage and secured loan provider based in Cheadle, Greater Manchester. Lending year-in, year-out for over 45 years, we've grown into one of the finance industry's best-kept secrets. Our team of over 750 colleagues turn challenges into opportunities that make our customers’ financial ambitions accessible. We try to approach everything we do with good old-fashioned common sense. But in many respects we’re a lot like a start-up: growing fast, and shaking up the status quo. Job Description Due to continuing growth, we now have a requirement for a Financial Risk Manager join our Credit Risk team on a permanent basis. The successful individual will be responsible for providing second line oversight for the key risks within the Finance and Treasury departments. They will work with first line finance teams to ensure these risks are managed effectively, providing appropriate challenge and input to ensure that key control measures, processes and governance are in place and are working effectively Key Responsibilities To provide second line oversight across: Liquidity, Capital and Funding Risk, Interest Rate Risk, Counterparty Credit Risk, Product Pricing risk, Model Risk and Operational Risk across Treasury, ALM and Group Finance; Provide input into the decision making process for the design and implementation of strategies and to mitigate the risks outlined above, i.e. Stress and Scenario planning, Model Governance and implementation of appropriate Hedging strategies; Provide input to the design of the risk limit framework to ensure it is suitable to measure and monitor all large exposures related to the key risk areas; Attend and provide review and challenge of GALCO Management Information, in particular the outputs of Stress and Scenario analysis and actual exposures against key risk limits; providing a risk perspective on exposures that are approaching or in breach of limits and confirming that proposed actions taken by Management to mitigate the risks are appropriate; Monitor and review compliance with relevant Financial and Securitisation regulation, including relevant oversight of Regulatory Reporting; Ensure that actions raised by Management to address significant risk exposures are appropriately implemented; Perform independent risk-based validation of key Models in operation (Liquidity, Interest Rate Risk, Forecasting, IFRS 9 and Pricing Models); Provide oversight and confirmation that Treasury deals executed with external parties have been completed in line with agreed procedures; Ensure Finance, Treasury and ALM RCSA documents are reflective of the current control environment and ensure identified breaches are logged and reported in a timely manner; Participate and provide input to technical working groups lead by Group Finance, Treasury, ALM; Ensure that close collaboration occurs and that good relationships are maintained and developed across the business with relevant stakeholders; Ensure the Department is up to date with relevant regulation and assist in communicating any relevant impacts to stakeholders in a clear and helpful manner; Maintain comprehensive governance, procedures and records; Contribute to the overall continuous development of risk management and of the company’s financial risk appetite. Qualifications Essential Experience Numerical degree and strong analytical skills; Expert Microsoft Excel user, proficient in other Microsoft Office applications; A solid grounding in data analysis using quantitative analytic tools and good research skills; The ability to identify trends and interpret data from multiple sources and investigate anomalies and unusual patterns / activities; Effective problem-solving skills and ability to make recommendations based on findings considering commercial and customer implications; Excellent communication skills to articulate complex issues/analysis to senior management and interact with other teams across the business both orally and in writing; Previous experience of second line financial risk management. Candidates who can demonstrate the below will be given further consideration: • Experience of financial risk management within a secured lender. Additional Information We offer a range of company benefits, including 25 days holiday which can be flexed up/down, pension, life assurance, critical illness cover, health cash plan, private medical insurance, regular team/individual incentives, travel season ticket loans, Ride to Work scheme, free gym access and local bar/restaurant discounts. Career development opportunities are excellent and where appropriate we offer sponsorship of relevant qualifications. Please note that all successful applicants will be subject to a Criminal Records Bureau check, a credit check and a Fraud Prevention database check. This job was originally posted as www.totaljobs.com/job/89807182