Risk Manager - Asset and Liability

Recruiter
Grovelands
Location
Chatham
Salary
40000.00 GBP Annual
Posted
12 Jul 2017
Closes
22 Jul 2017
Function
Consultant
Contract Type
Permanent
Hours
Full Time

Job Purpose

The key purpose of this role is to upgrade, lead and manage the quantitative analysis of Market & Liquidity Risk exposures as set out in the M&LR Operating Model, providing value-added insights and recommendations in respect of our Client's Balance Sheet risk profile.

Responsibilities

  • Develop, implement and operate "Leading Practice" analytical models, including Stress Tests, Forecasts and "What if" tools
  • Offer forward-looking insights and recommendations via periodic Management Information and participation in Management Committees
  • Support requests for ad hoc analysis and commentary; provide independent review and validation of other Risk- and Valuation Models
  • Support the Head of Market & Liquidity Risk in producing the ILAAP submissions and in reviewing Risk Policy and Regulatory requirements (including SREP and remediation / change initiatives)
  • Implement, operate and develop the Market & Liquidity Risk Operating Model and attendant Risk Frameworks
  • Support second line oversight of solvency risk through BAU reporting and forecasting
  • Proactively represent the Bank in Industry Associations, Trade Bodies and Regulatory consultation forums
  • Line manage and coach all direct reports, including all aspects of performance management, development, conduct, sickness management, appraisals, employee administration and recruitment
  • Maintain the company's compliance standards and own compliance training

Experience

  • 3 years previous experience in managing risks associated with business assets and liabilities
  • 2 year previous experience in directly line managing a risk team is essential.
  • 1 year previous experience in producing analytical MI unassisted and to tight deadlines is essential
  • 12 months previous experience in developing, operating and critically reviewing risk models (including ALMIS and SQL) is essential

Knowledge

  • Expert knowledge of Interest Rate and Basis Risk is essential
  • Expert knowledge of Liquidity & Funding Risk is essential
  • Practitioner-level knowledge of Product Pricing, Bank of England FLS operations and Interest Rate Risk hedging is essential
  • Practitioner knowledge of Asset & Liability risk management systems
  • Experience of ILAAP analysis and documentation

Qualifications

  • GSCE/GCE qualifications in both Maths and English are essential
  • A degree in a highly numerate scientific subject involving conceptualisation, modelling and estimating is essential
  • Balance Sheet Management training is desirable
  • Professional risk management qualification (GARP & PRMIA) desirable