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- Tasks: Oversee financial risk management, ensuring compliance and providing insights to Treasury and Finance teams.
- Company: Join a dynamic challenger bank focused on innovation and regulatory excellence.
- Benefits: Enjoy competitive pay, career growth opportunities, and a collaborative work environment.
- Why this job: Be part of a critical role that shapes financial strategies and impacts the banking sector.
- Qualifications: Experience in financial risk within lending, with strong analytical skills and regulatory knowledge required.
- Other info: This is a full-time position based in London, ideal for those passionate about finance.
The predicted salary is between 43200 - 72000 £ per year.
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This range is provided by InterQuest Group. Your actual pay will be based on your skills and experience — talk with your recruiter to learn more.
Base pay range
Direct message the job poster from InterQuest Group
Recruitment Consultant- Risk, Regulation and Compliance
InterQuest are supporting a well-established challenger bank who are seeking a Financial Risk Manager to join its Risk & Compliance function. This is a critical role providing independent oversight and challenge to Treasury and Finance teams, ensuring adherence to both regulatory standards and internal risk frameworks.
Key Responsibilities:
- Provide independent review and challenge to Treasury and Finance activities to ensure regulatory compliance and alignment with internal policies.
- Recommend risk triggers and limits, and contribute to the development and reporting of risk appetite to the Board.
- Review ALCO (Asset & Liability Committee) materials and provide risk input into ALCO decision-making.
- Maintain and enhance capital, market, and liquidity risk policies and procedures in response to internal developments and regulatory changes.
- Offer documented assurance on ICAAP and ILAAP processes to support internal governance, audit, and regulatory reviews.
- Actively participate in Pricing Committee discussions, offering challenge and assurance on key assumptions.
- Oversee and validate Funds Transfer Pricing (FTP) assumptions and their implementation.
- Conduct regular assurance activities, including monthly pipeline reviews and backtesting.
- Monitor and challenge Treasury assumptions (e.g., prepayment, pass-through rates, effective interest rate models).
- Act as a subject matter expert in supporting the model validation process, particularly with Treasury models.
- Collaborate with the wider Risk and Compliance function as required.
Skills and Experience Required:
- Experience in a similar Financial Risk position within a lending environment
- Proven experience interpreting and applying regulatory guidance in financial services.
- Strong background in market and liquidity risk, with hands-on experience in IRRBB (Interest Rate Risk in the Banking Book) methodologies.
- Proficient in Microsoft Excel; working knowledge of PowerPoint and Word.
Seniority level
- Mid-Senior level
Employment type
- Full-time
Job function
- Finance
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Financial Risk Manager employer: InterQuest Group
Contact Detail:
InterQuest Group Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Financial Risk Manager
✨Tip Number 1
Network with professionals in the financial risk management field. Attend industry events, webinars, or local meetups to connect with people who work at challenger banks or similar institutions. This can help you gain insights into the company culture and potentially get a referral.
✨Tip Number 2
Stay updated on the latest regulatory changes and trends in financial risk management. Subscribe to relevant newsletters or follow thought leaders on social media. This knowledge will not only prepare you for interviews but also demonstrate your commitment to the field.
✨Tip Number 3
Prepare for technical interviews by brushing up on your understanding of market and liquidity risk, especially IRRBB methodologies. Consider doing mock interviews with peers or mentors to practice articulating your expertise clearly and confidently.
✨Tip Number 4
Research the specific challenges and opportunities facing the challenger bank you're applying to. Tailor your discussions during interviews to show how your skills and experiences align with their needs, particularly in relation to their Treasury and Finance teams.
We think you need these skills to ace Financial Risk Manager
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in financial risk management, particularly within a lending environment. Emphasise your understanding of regulatory guidance and any specific methodologies like IRRBB.
Craft a Compelling Cover Letter: In your cover letter, explain why you are interested in the Financial Risk Manager position. Discuss how your skills align with the key responsibilities mentioned in the job description, such as providing independent review and challenge to Treasury activities.
Showcase Technical Skills: Mention your proficiency in Microsoft Excel and any experience with PowerPoint and Word. If you have worked with risk models or conducted assurance activities, be sure to include these details to demonstrate your technical capabilities.
Highlight Collaborative Experience: Since the role involves collaboration with various teams, provide examples of past experiences where you successfully worked with others in a risk and compliance context. This will show your ability to contribute effectively to the wider Risk and Compliance function.
How to prepare for a job interview at InterQuest Group
✨Know Your Regulatory Frameworks
Familiarise yourself with the key regulatory standards relevant to financial risk management. Be prepared to discuss how you have applied these in previous roles, especially in relation to Treasury and Finance activities.
✨Demonstrate Your Analytical Skills
Showcase your ability to analyse complex data and provide insights. Bring examples of how you've used tools like Microsoft Excel to conduct risk assessments or develop risk appetite reports.
✨Prepare for Scenario-Based Questions
Expect questions that require you to think critically about risk management scenarios. Practice articulating your thought process on how you would handle specific challenges related to market and liquidity risk.
✨Highlight Your Collaborative Experience
Emphasise your experience working with cross-functional teams, particularly in Risk and Compliance. Be ready to discuss how you’ve contributed to discussions in committees like ALCO or Pricing Committee.
