Manager, Specialist Financial Risk in C&FI Credit Risk Team

As the directorate of the PRA, the Supervisory Risk Specialists (SRS) provides deep technical expertise and applies judgement in specific risk disciplines to identify, analyse and mitigate material risks to the safety and soundness of PRA regulated firms. SRS supports the wider Bank through providing risk specialist expertise to a range of functions.

Within the Credit, Risk, Analytics, Capital and Liquidity (CRACL) division of SRS, the Corporate and Financial Institutions (C) in some cases, the Senior Risk Specialist will support others in carrying out such reviews. Develop relationships with PRA Supervisors of these firms and directly interact with senior management at firms, including Chief Risk Officers, Chief Credit Officers and front‑line business owners. Conduct and participate in cross‑firm or market reviews to evaluate firms' comparative portfolio performance and risk concentrations. Proactively scan the horizon for emerging risks and ensure appropriate action is taken to mitigate them. Review a wide range of information including financial, regulatory and management information, challenging a firm's interpretation of its credit metrics, providing insightful analysis and linking to policy and financial resilience/stability. Support internal programmes of work to ensure wholesale credit risks are widely understood throughout the organisation and contribute to a joined‑up and holistic regulatory framework.

Role Requirements

• Minimum Criteria

• Industry experience enabling a deep understanding of wholesale credit risk portfolios, industrial sectors or products, and knowledge of risk appetite, governance and policies together with related risk analytics.
• Ability to conduct individual loan file assessments to test asset quality against reported metrics and assess credit risk stewardship.
• Detailed knowledge of the latest market developments and macro‑economic environment to identify potential impacts on banks' credit risk and identify vulnerable portfolios.
• Knowledge of key regulatory and accounting concepts such as probability of default (PD), loss given default (LGD), exposure at default (EAD), and Pillar 1 approaches for capitalising wholesale credit risk exposures, as well as broader IFRS 9 provisioning of Wholesale Banking Book exposures.

• Essential Criteria

• Ability to analyse and challenge underlying data, MI, and the policies and procedures which apply in the Wholesale Banking and Credit Risk environments.
• Use experience to form judgements.
• Excellent oral and written communication skills.
• Strong experience of writing and delivering reports and presentations about technical issues in a succinct way that can be easily understood by a non‑technical audience.
• Ability to credibly present with influence and to defend views while being open to constructive challenge and feedback to both internal and external senior counterparts.
• Strong stakeholder management and partnering skills and the ability to work independently.
• Ability to manage a project of work, including setting objectives, monitoring progress against plan, and keeping key partners informed.
• Knowledge of stress testing and ECL methodologies and models with the ability to analyse and challenge the plausibility of impairments for wholesale portfolios.

Salary and Benefits

Currently a non‑contributory, career‑average pension giving a guaranteed retirement benefit of 1/80th of your annual salary for every year worked. There is the option to increase your pension (to 1/65th) or decrease (to 1/105th) in exchange for salary through our flexible benefits programme each year. The Bank has the discretion to vary standard accrual rates and dial‑up and dial‑down rates at any time and to withdraw dial‑up and dial‑down options at any time. A discretionary performance award based on a current award pool. An 8% benefits allowance with the option to take as salary or purchase a wide range of flexible benefits. 26 days' annual leave with an option to buy up to 12 additional days through flexible benefits. Private medical insurance and income protection.

National Security Vetting Process: Employment in this role will be subject to the National Security Vetting clearance process (and typically can take between 6 to 12 weeks post offer) and the passing of additional Bank security checks in accordance with the Bank policy. Further information regarding the vetting and security clearance requirements for the role will be provided to the successful applicant, and information about how the Bank processes personal data for these purposes is set out in the Bank's Privacy Notice.

THIS ROLE IS LEEDS BASED. We are an equal‑opportunity employer.