Risk Reporting Officer

Risk Reporting Officer

Full-Time 36000 - 60000 £ / year (est.) No home office possible
M

At a Glance

  • Tasks: You'll report on various risks and support the Head of Department in managing them.
  • Company: Join a leading financial institution focused on effective risk management strategies.
  • Benefits: Enjoy opportunities for training, skill development, and potential remote work options.
  • Why this job: Be part of a dynamic team that values innovation and risk awareness in finance.
  • Qualifications: No specific experience required; just a passion for finance and a willingness to learn.
  • Other info: Opportunity to work on exciting projects and develop technical skills like SQL and VBA.

The predicted salary is between 36000 - 60000 £ per year.

JOB PURPOSE The job holder will act as the 2nd Line of Defence responsible for providing reporting for Credit, Market, Funding & Liquidity Risks in accordance with the Branch’s Corporate Risk Management Department (CRMD) strategies, approaches and support the Head of CRMD to manage risks effectively. This is an Officer role with specific routine/administrative responsibilities for Market Risk Reporting in support of the Head of Department who leads CRMD operations at the London branch.

KEY RESPONSIBILITIES

  • Credit, Market, Funding & Liquidity Risks Reporting
  • The job holder is responsible for providing risk reporting for the Branch’s business activities under the supervision of the Head of Department, which may include the following or other reporting activities deemed relevant:
  • Off-Market report
  • Risk Management Summary
  • Banking report
  • Trading report
  • Cashflow-mismatch report
  • Stress test summary
  • Corporate bond report
  • CDS daily monitoring report
  • RPI credit limit report
  • CASS credit limit report
  • LCR daily & monthly report
  • RDA weekly & monthly report
  • Risk process and methodology:
  • Build risk awareness amongst staff by providing support and training across the Branch.
  • Assist in providing administrative operations within the Department working closely with the Head of Department.
  • Prepare and complete regular risk management reports, including preparatory work such as data entry, market rate collection and data reconciliation.
  • Ensure the filing of all the regular reports after completion of circulation to the relevant parties.
  • Improve and make necessary changes on applications (e.g. Excel spreadsheet and Access Database).
  • Plan and implement for the new business supports.
  • Liaise with the relevant departments on activities and information produced.
  • Carry out general administration duties relating to the department’s activities.
  • SQL and VBA development and maintenance.
  • Participation in relevant projects (e.g. Devon and Atlas replacement).
  • Carry out such other duties as requested by the Head of Department.
  • Risk Reporting Officer employer: Morgan McKinley

    As a Risk Reporting Officer at our London branch, you will join a dynamic team dedicated to fostering a culture of risk awareness and excellence. We offer a supportive work environment that prioritises employee growth through training and development opportunities, alongside competitive benefits that enhance work-life balance. Our commitment to innovation and collaboration ensures that you will play a vital role in shaping our risk management strategies while enjoying the unique advantages of working in one of the world's leading financial hubs.
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    Contact Detail:

    Morgan McKinley Recruiting Team

    StudySmarter Expert Advice 🤫

    We think this is how you could land Risk Reporting Officer

    ✨Tip Number 1

    Familiarise yourself with the key responsibilities outlined in the job description. Understanding the specific reporting activities, such as the Off-Market report and Stress test summary, will help you demonstrate your knowledge during interviews.

    ✨Tip Number 2

    Brush up on your SQL and VBA skills, as these are crucial for the role. Consider working on small projects or exercises that showcase your ability to develop and maintain applications, which can be a great talking point in your interview.

    ✨Tip Number 3

    Network with professionals in the risk management field. Attend industry events or join relevant online forums to connect with others who may provide insights or even referrals for the position at StudySmarter.

    ✨Tip Number 4

    Prepare to discuss how you would build risk awareness among staff. Think of examples from your past experiences where you successfully trained or supported colleagues, as this aligns with the expectations of the role.

    We think you need these skills to ace Risk Reporting Officer

    Risk Management
    Credit Risk Analysis
    Market Risk Reporting
    Liquidity Risk Assessment
    Data Analysis
    SQL Development
    VBA Programming
    Attention to Detail
    Communication Skills
    Report Writing
    Data Reconciliation
    Problem-Solving Skills
    Project Management
    Training and Support Skills
    Administrative Skills

    Some tips for your application 🫡

    Understand the Role: Before applying, make sure you fully understand the responsibilities of a Risk Reporting Officer. Familiarise yourself with key terms like Credit, Market, Funding & Liquidity Risks, and the specific reporting tasks mentioned in the job description.

    Tailor Your CV: Highlight relevant experience in risk reporting or financial analysis in your CV. Use specific examples that demonstrate your skills in SQL, VBA, and data management, as these are crucial for the role.

    Craft a Strong Cover Letter: In your cover letter, express your enthusiasm for the position and explain how your background aligns with the job requirements. Mention any experience you have in training staff or improving processes, as this is part of the role.

    Proofread Your Application: Before submitting, carefully proofread your application materials. Ensure there are no spelling or grammatical errors, and that all information is clear and concise. A polished application reflects your attention to detail, which is vital for this position.

    How to prepare for a job interview at Morgan McKinley

    ✨Understand Risk Reporting Fundamentals

    Make sure you have a solid grasp of the key concepts related to Credit, Market, Funding, and Liquidity Risks. Familiarise yourself with common reporting formats and methodologies, as this will demonstrate your knowledge and readiness for the role.

    ✨Showcase Your Technical Skills

    Since the role involves SQL and VBA development, be prepared to discuss your experience with these tools. Consider bringing examples of past projects where you've used these skills to improve reporting processes or data management.

    ✨Prepare for Scenario-Based Questions

    Expect questions that assess your problem-solving abilities in risk management scenarios. Think about how you would handle specific situations, such as a sudden market downturn or discrepancies in risk reports, and be ready to articulate your thought process.

    ✨Demonstrate Team Collaboration

    The role requires liaising with various departments, so highlight your teamwork and communication skills. Share examples of how you've successfully collaborated with others to achieve common goals, especially in a risk management context.

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