Financial Risk Manager (12-month FTC, Maternity Cover)

Welcome to AlRayan Bank UK, the most successful Sharia compliant bank in the United Kingdom. AlRayan Bank UK is an extraordinary and flourishing institution that celebrates diversity and values ethics. As a prominent member of the AlRayan Bank Group, we are fuelled by an unwavering ambition for excellence, promising you an exhilarating journey ahead.

At AlRayan Bank UK, we embrace change as an opportunity for positive transformation. Currently, our focus lies on building a culture of inclusivity and diversity, creating an environment where every individual's unique perspectives are valued. We understand the importance of work-life balance and flexibility, and we are committed to empowering our employees to thrive both personally and professionally.

The Bank is going through the most successful period in its history, and this success is a testament to the hard work, dedication, and expertise of our incredible team. Join us on this exciting venture, where you'll have the chance to make a significant impact while enjoying a supportive and rewarding work environment.

We have a fantastic opportunity for a Financial Risk Manager at our London Office. The Financial Risk Manager will report to the Senior Finance Manager – Financial, Tax and Controls Reporting. The primary purpose of the role is to deliver credit risk analytics expertise, ECL model/process enhancement and output, and appropriate Management Information to support good Credit Risk management, including delivery of monthly MI and commentary in relation to the ongoing performance of the book.

The successful candidate will interact with a range of stakeholders and will have an opportunity to build and streamline existing processes, with the role offering a good balance between the business and technical elements of risk management. The role will require strong analytical capability, excellent Excel and PowerPoint skills, demonstrable stakeholder management skills and a proactive approach to work.

The successful candidate will have Credit Risk experience with exposure to IFRS9 modelling and concepts such as Probability of Default, Loss Given Default and Estimated Credit Loss, and excellent written/oral communication skills. The candidate should also have knowledge of forecast modelling and be able to contribute to likelihood scenario discussions based on comprehensive experience and knowledge of macro-economic scenarios that could affect the AlRayan Bank balance sheet. It would be advantageous to have good SAS/SQL skills or the ability to learn quickly and develop the necessary technical competencies.

• Build Credit Risk analytics and provide expertise across AlRayan Bank.
• Support, build and maintain credit risk PD and LGD scorecards.
• Own and independently manage the IFRS9 Expected Credit losses and sensitivity analysis within the risk management department, ensuring strong governance, controls, processes and procedures are in place.
• Primary contact to address ECL/Credit MI queries from various stakeholders, internally (i.e. credit, business, finance and internal audit) as well as externally (HO and external auditors).
• Proactively analyse and report emerging trends/changes and assess the impact on the Bank’s portfolio.
• Preparing and presenting (when required) Credit MI reporting to management & Board Committees.
• Deliver one-off activities and projects to the outcomes and standards agreed with line manager.

• Strong Credit Risk analysis and ECL modelling.
• In-depth understanding of calculation of PD, LGD and ECL.
• Understanding of AlRayan Bank’s property finance products.
• Analytical, innovative and enquiring approach and the ability to work autonomously and take initiative where required.
• Experience working in a regulated environment.

• Strong organisational and personal effectiveness skills, including time and project management.
• Excellent oral and written communication, facilitation skills and ability to present confidently and to work effectively with staff and management at all levels.
• Assertiveness and the knowledge, strength and ability to discuss, explain and support a decision, or other role specific matters of a technical nature, to a range of audiences of varying seniority.
• Good report writing skills and analysis and interpretation of Management Information.
• Ability to identify and resolve issues and manage work from inception to completion, prioritising work effectively.
• Excellent attention to detail, accuracy and knowledge of Microsoft Office packages.

• Trusted to do the right thing – To act with total integrity.
• Put the customer first and stick to our promises.
• Empowered to own – To embrace change, take responsibility and ask for help when needed.
• Motivated to succeed – To be passionate about our work.
• Look for opportunities to learn and grow and celebrate each other’s success.

• Act with integrity.
• Act with due skill, care and diligence.
• Be open and co-operative with regulators.
• Pay due regard to the interests of customers and colleagues and treat them fairly.
• Observe proper standards of market conduct.

This is a fantastic opportunity to join our growing bank where we can offer exceptional opportunities for you to make your mark and progress your career in a diverse, ethical bank that you can actually believe in. Empowering your career, together we’ll deliver banking you can believe in. Competitive + Discretionary Bonus + Private Healthcare + 30 days holidays + 12% Contributory Pension.