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- Tasks: Lead credit risk oversight for investment portfolios and guide a collaborative team.
- Company: Pension Insurance Corporation secures retirement incomes through expert risk management and customer service.
- Benefits: Enjoy private medical insurance, 28 days annual leave, study support, and a generous pension scheme.
- Why this job: Join a values-driven company making a real impact on policyholders' futures in a dynamic environment.
- Qualifications: Advanced qualifications in finance and prior risk management experience in financial services are essential.
- Other info: Be part of a culture that values resilience, adaptability, and loyalty.
The predicted salary is between 43200 - 72000 £ per year.
Pension Insurance Corporation (“PIC”) provides secure retirement incomes through comprehensive risk management and excellence in asset and liability management, as well as exceptional customer service. Our purpose is to pay the pensions of our current and future policyholders. We achieve our purpose by setting Companywide strategic objectives and driving a healthy culture based on our PIC Values of Resilient, Adaptable, and Loyal. To be responsible for credit risks covering both individual investments and portfolio oversight To lead and guide a small team to collaborate effectively across the business, providing objective and timely advice, feedback, and opinions To provide oversight on investment management activities across the £47bn Matching Adjustment (MA) and Non-Matching Adjustment (NMA) portfolio, utilising deep knowledge and understanding of credit and markets risks To deliver strong business outcomes relating to capital, profitability, the Company brand and market reputation whilst achieving positive outcomes to our policyholders, shareholders and regulators on a consistent basis. To advise on how credit risks impact business outcomes Our Company values are expected to be reflected in the delivery and performance of every role. Specific accountabilities assigned to the role of Head of Credit Risk within the Risk team: Own and lead the end-to-end credit risk oversight of the Matching Adjustment (MA) portfolio, including both Public and Private Fixed Income Assets. Own and lead the risk oversight of the non-Matching Adjustment (NMA) portfolio, including oversight of equity holdings and other NMA assets. Provide a holistic view of the portfolio and oversight and support assets subject to enhanced monitoring and workout. Lead the review, challenge and influence over new investments in both the MA and NMA portfolio, understanding the commercial rationale for holding the assets and holistic impact of new assets to PIC. Oversee valuation of the investments, including valuation uncertainty. Proactively engage and manage a wide pool key stakeholders to ensure risks are managed in line with our polices and the risk mandate. Actively engage across the Investment and Counterparty Risk team, and broader Risk team to supplement Risk views of new or existing investments using your deep understanding of credit and market risk. Provide assurance to the senior management and the board on risk and controls through periodic deep dive reviews, investigations and general oversight work. Provide support to the business with managing day-to-day and new risks to ensure significant risks are properly identified and managed in line with PIC’s risk appetite as well as giving general advice on good risk management in relation to credit risk. Strong and deep technical knowledge of credit risk gained through 1st Line and 2nd Line roles, including enhanced monitoring, special situations and workouts Prior experience of a risk management role in a relevant financial services entity and ability to implement industry best practice at pace (insurance, asset management, banking) Advanced qualification reflective of a high degree of numeracy (FIA, CFA, ACA, CAIA or similar) In addition to a competitive base salary and the opportunity to participate in our annual, performance-related bonus plan, upon joining us here at Pension Insurance Corporation, you will get access to some great benefits, including private medical insurance, 28 days\’ annual leave (excluding bank holidays), study support with qualifications, a generous pension scheme and much more. #
Head of Risk, Banking employer: PIC
Contact Detail:
PIC Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Head of Risk, Banking
✨Tip Number 1
Familiarise yourself with the specific credit risk frameworks and regulations that govern the banking sector. Understanding these will not only help you in interviews but also demonstrate your commitment to the role.
✨Tip Number 2
Network with professionals in the risk management field, especially those who have experience in insurance or asset management. Engaging with them can provide insights into the company culture and expectations for the Head of Risk position.
✨Tip Number 3
Prepare to discuss your previous experiences in managing credit risks and how they relate to the responsibilities outlined in the job description. Be ready to share specific examples that highlight your leadership and analytical skills.
✨Tip Number 4
Research Pension Insurance Corporation's recent activities and strategic objectives. Being knowledgeable about their current projects and challenges will allow you to tailor your discussions and show how you can contribute to their goals.
We think you need these skills to ace Head of Risk, Banking
Some tips for your application 🫡
Understand the Role: Before applying, make sure you fully understand the responsibilities and requirements of the Head of Risk position at Pension Insurance Corporation. Tailor your application to highlight your relevant experience in credit risk management and your ability to lead a team.
Highlight Relevant Experience: In your CV and cover letter, emphasise your previous roles in risk management, particularly in financial services. Showcase specific examples where you've successfully managed credit risks and contributed to business outcomes.
Align with Company Values: Pension Insurance Corporation values resilience, adaptability, and loyalty. Make sure to reflect these values in your application by providing examples of how you've demonstrated these traits in your professional life.
Craft a Strong Cover Letter: Your cover letter should not only express your interest in the role but also explain why you're a perfect fit. Discuss your technical knowledge of credit risk and how it aligns with the company's objectives, as well as your approach to stakeholder engagement.
How to prepare for a job interview at PIC
✨Demonstrate Your Technical Knowledge
Make sure to showcase your deep understanding of credit risk and market dynamics during the interview. Be prepared to discuss specific examples from your previous roles that highlight your expertise in managing both public and private fixed income assets.
✨Align with Company Values
Familiarise yourself with Pension Insurance Corporation's values of being Resilient, Adaptable, and Loyal. During the interview, reflect these values in your responses and demonstrate how you embody them in your professional conduct.
✨Engage with Stakeholders
Highlight your experience in managing relationships with key stakeholders. Discuss how you have effectively communicated risk assessments and collaborated across teams to ensure comprehensive risk management in past roles.
✨Prepare for Scenario-Based Questions
Expect scenario-based questions that assess your problem-solving skills and decision-making process in risk management. Prepare to discuss how you would approach specific challenges related to credit risks and investment oversight.
