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For Companies At a Glance
- Tasks: Lead strategies for managing market, liquidity, and model risks while overseeing a specialist team.
- Company: Join a leading financial services firm focused on risk management and innovative solutions.
- Benefits: Enjoy competitive salary, 25 days leave, private medical cover, and career progression opportunities.
- Why this job: Be part of a dynamic team shaping risk management practices with a strong focus on collaboration.
- Qualifications: Experience in quantitative risk frameworks and financial reporting is essential; strong analytical skills required.
- Other info: Access to wellness resources like Headspace and additional employee-funded benefits.
The predicted salary is between 43200 - 72000 £ per year.
We are seeking a Director of Market, Liquidity and Model Risk to lead the development and implementation of strategies managing market, liquidity, and model risks affecting the company's balance sheet and liquidity position. The role involves providing overall leadership on external risk reporting within the Risk Function and participating in the leadership of the broader risk team.
Responsibilities
- Advise the Chief Risk Officer in strategy development and execution for market, liquidity, and model risks.
- Guide GEC members and their teams in strategy acceptance and implementation.
- Develop and embed the capital risk appetite framework within the Group's governance.
- Enhance the Enterprise Risk Management Framework related to these risks, including policies, tools, and practices.
- Oversee the execution of the ERM Framework concerning market, liquidity, and model risks.
- Lead external risk reporting activities (ORSA, Annual Report, SFCR, RSR) and manage internal reporting for committees and the board.
- Manage a team of specialists to deliver the risk management strategy.
- Support the integration of internal models into the risk framework.
- Assist the Chief Risk Officer in leading the wider Risk Function, fostering a trust-based, communicative, and cohesive team environment.
Skills & Experience
- Experience with quantitative risk frameworks, capital management, or financial reporting, with the ability to meet the needs of Executives, Risk Committees, and Boards.
- Extensive knowledge of Life and Pensions / Financial Services.
- Commercial awareness and experience.
- Proven ability to build internal partnerships, especially with actuarial and technical teams.
- Hands-on experience with economic capital models.
- Strong understanding of financial risk and capital management, including advanced risk quantification techniques.
- Knowledge of market, credit, insurance, and liquidity risks and their management.
- Excellent communication, influencing, negotiation, and report-writing skills, with the ability to clarify complex concepts.
- Understanding of regulatory frameworks like FSA Handbook, Basel 3, and Solvency II; familiarity with ORSA is advantageous.
- Ability to identify emerging risks and drive their management.
- Strong analytical skills with strategic perspective and big-picture thinking.
- Proven influence skills to shape risk management practices across the organization.
Company Benefits
- Competitive salary, pension, and life assurance
- 25 days annual leave plus a birthday day off
- Private medical cover and income protection
- Bonus scheme based on individual and company performance
- Career progression opportunities
- Access to Headspace app, Employee Assistance Helpline, and health first aiders
- Additional employee-funded benefits and purchase options
Director of Market, Liquidity and Model Risk employer: Just Group plc
Contact Detail:
Just Group plc Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Director of Market, Liquidity and Model Risk
✨Tip Number 1
Network with professionals in the financial services sector, particularly those involved in risk management. Attend industry conferences or webinars to connect with potential colleagues and learn about the latest trends in market, liquidity, and model risk.
✨Tip Number 2
Familiarise yourself with the regulatory frameworks mentioned in the job description, such as Basel 3 and Solvency II. Understanding these regulations will not only enhance your knowledge but also demonstrate your commitment to the role during interviews.
✨Tip Number 3
Prepare to discuss your experience with quantitative risk frameworks and economic capital models. Be ready to provide specific examples of how you've successfully implemented strategies in previous roles, as this will showcase your hands-on expertise.
✨Tip Number 4
Highlight your ability to build internal partnerships, especially with actuarial and technical teams. Think of instances where you've collaborated effectively across departments, as this skill is crucial for the Director role at StudySmarter.
We think you need these skills to ace Director of Market, Liquidity and Model Risk
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in market, liquidity, and model risk management. Use specific examples that demonstrate your leadership skills and knowledge of financial services.
Craft a Compelling Cover Letter: In your cover letter, address how your background aligns with the responsibilities outlined in the job description. Emphasise your experience with quantitative risk frameworks and your ability to influence risk management practices.
Showcase Communication Skills: Given the importance of communication in this role, ensure your application reflects your excellent report-writing and negotiation skills. Consider including examples of how you've successfully communicated complex concepts in previous roles.
Highlight Regulatory Knowledge: Mention your understanding of regulatory frameworks such as Basel 3 and Solvency II. If you have experience with ORSA, be sure to include that as well, as it will strengthen your application.
How to prepare for a job interview at Just Group plc
✨Understand the Risk Landscape
Familiarise yourself with the current market, liquidity, and model risks that affect the financial services sector. Be prepared to discuss how these risks impact balance sheets and liquidity positions, as well as your strategies for managing them.
✨Showcase Your Leadership Skills
As a Director, you'll need to demonstrate your ability to lead teams effectively. Prepare examples of how you've guided teams in strategy development and implementation, and how you've fostered a communicative and cohesive team environment.
✨Communicate Complex Concepts Clearly
Given the technical nature of the role, practice explaining complex risk management concepts in simple terms. This will showcase your excellent communication skills and your ability to influence stakeholders at all levels.
✨Be Ready for Regulatory Discussions
Brush up on your knowledge of regulatory frameworks such as Basel 3 and Solvency II. Be prepared to discuss how you would ensure compliance and manage emerging risks within these frameworks, as this is crucial for the role.
