Capital & Impairment Manager (Admiral Money) in Cardiff

We are looking for an experienced Capital, Impairment & Stress Testing Manager to join our Financial Risk team. This is a key leadership role with responsibility for our IFRS 9 impairment modelling, forecasting, stress testing and capital analytics capability across unsecured loans, motor finance and mortgages. You will lead a team across model development, forecasting and reporting, helping to ensure our outputs are robust, well-governed and insightful. You will also play an important role in supporting wider prudential oversight, including funding and liquidity risk, warehouse structures and covenant monitoring. This role is Hybrid with an expectation to be in our Cardiff office a minimum of two days a week.

About us Admiral Money is the dynamic lending arm of Admiral Group, offering personal loans, motor finance, and homeowner loans since 2017. We’re building something special for our customers and are looking for curious, driven individuals ready to learn, take on challenges, and make an impact. We’re proud to be a certified Great Place to Work for over 25 years, with recognition for Women and Wellbeing. Our inclusive culture empowers everyone to Be You.

Responsibilities:

• Own and enhance Admiral Money’s IFRS 9 impairment framework, including model development, performance monitoring and governance.
• Lead impairment forecasting, reporting and insight for senior stakeholders and governance forums.
• Deliver stress testing and scenario analysis to support planning, risk appetite assessment and capital management.
• Support relevant capital calculations and financial risk analysis, linking loss forecasts to capital outcomes.
• Provide oversight and challenge on funding and liquidity risk, including warehouse facilities and covenant monitoring.
• Lead, coach and develop a team of four across modelling, forecasting and reporting.

Skills & Experience:

Essential:

• Strong technical expertise in IFRS 9 / ECL modelling in a regulated lending environment.
• Experience of forecasting, scenario analysis and stress testing.
• Understanding of capital or prudential risk analysis and how credit losses translate into capital impacts.
• Experience leading or developing technical analytical teams.
• Strong analytical capability and experience with tools such as Python, SQL, Excel and Power BI or similar.

Desirable:

• Experience in funding and liquidity risk, including warehouse structures or covenant oversight, would be a strong advantage.

We take pride in being a diverse and inclusive business. It’s a place where you can Be You, and show up as you are. We’re committed to fostering a people‑first culture where everyone is accepted, supported, and empowered to be brilliant. You can Grow And Progress at a pace and direction that suits you, Make A Difference for our customers and each other, and Share in Our Future with all colleagues eligible for up to £3,600 of free shares each year after one year of service. Everyone receives 33 days holiday (including bank holidays) when they join us, increasing the longer you stay with us, up to a maximum of 38 days (including bank holidays). You also have the option to buy or sell up to an additional five days of annual leave. We’re proud of our people‑first culture. In fact, we’ve been recognised as a Great Place to Work for Women, a Great Place to Work for Wellbeing, and an overall Great Place to Work for over 25 years! We’re fully committed to ensuring your progression is not slowed or halted by barriers related to race, gender, age, sexuality or any of the protected characteristics. Our fantastic benefits make sure our colleagues have a great work‑life balance.

As a Disability Confident Leader, for candidates with a disability or long‑term health condition, that opt into the Disability Confident scheme, we’ll invite a fair and proportionate number of applicants that meet the essential requirements of the role to the first stage of our selection process. If you need any adjustments or support with your application or during the recruitment process, just let us know.