Stress Testing Manager, Capital Planning in Wolverhampton

About the team

The Capital Planning team leads first line capital planning activities designed to support the Bank in delivering on its financial strategy in BAU conditions and ensuring the Bank can survive plausible, severe macroeconomic and idiosyncratic stresses.

What you will be doing?

As the Stress Testing Manager, Capital Planning, you will lead the first line capital planning stress testing and scenario processes. You’ll also support the Group Head of Capital Planning and Financial Strategy with capital planning activities. Your responsibilities will include:

• Leading first line stress testing activities including:
• ICAAP stress testing
• Recovery and Restructuring Plan modelling
• Resolvability Assessment Framework stress testing
• Reverse stress testing
• Going concern assessments
• Any ad-hoc stress testing
• Supporting the financial planning process through running scenarios involving changes to key assumptions including lending volumes, retention volumes, shareholder distributions and debt issuances
• Maintaining an up-to-date stress testing plan driving forward enhancements to the Group’s stress testing activities and implement a BAU stress testing calendar
• Leading capital planning contributions to Capital Markets activity such as producing scenarios for applications relating to issuances and share distributions
• Co-ordinating the Internal Capital Adequacy Assessment Process (ICAAP) including document production, coordinating the inputs from across the Risk team and the wider Group functions and ensuring robust governance practices are followed
• Contributing to the Recovery Plan process including document production, coordinating the inputs from across the Risk and Finance teams and the wider Group functions and ensuring robust governance practices are followed
• Supporting production of the Capital Plan element of the Group Capital Strategy and Plan document
• Contributing to the Solvency Forum including planning of meetings and setting an agenda to drive the on-going oversight of solvency risk
• Supporting the Capital Planning Working Group including planning of meetings and production of MI covering capital scenarios
• Providing support to the capital and stress testing elements of Anaplan implementation

What's in it for you?

We offer a base salary dependent on experience of between £64,000 - £75,000 and a competitive benefits package including:

• Discretionary annual bonus opportunity of up to 15%
• 28 days annual leave plus bank holidays
• Contributory pension (8% employer 5% employee)
• Life Assurance (4x salary) plus Group Income Protection
• Access to Private Medical Insurance and Medical Cash Plan
• Additional benefits such as Hybrid working, Cycle Purchase scheme, Technology Purchase scheme, Season Ticket Loan, Holiday purchase / sell schemes, Employee Perk Portals, Payroll giving and Save as you Earn scheme

Do you have the skills?

We are looking for talented individuals who have the experience and knowledge set out below:

• Previous work experience in a stress testing role using relevant stress testing techniques is essential
• Previous experience in financial modelling and experience leading capital planning contributions is required
• Advanced level knowledge using Excel

Diversity, Equity & Inclusion

Not sure if you meet the spec? Let us decide. Research tells us that those from marginalised groups feel like they need to meet 100% of the criteria to apply. Here at OSB, we are committed to inclusivity and understand the value different experiences and perspectives can bring, so please don’t feel like you need to check every box to apply for a role internally. We champion diversity at all levels, with Board-level Diversity Champions tracking our progress. We are proud to be signed up to the Women in Finance Charter to actively support the growth and development of senior women in our sector and are dedicated to treating all our employees and job applicants equally, opposed to discrimination on any grounds.