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- Tasks: Lead credit risk oversight for investment portfolios and guide a collaborative team.
- Company: Join Pension Insurance Corporation, dedicated to secure retirement incomes and exceptional customer service.
- Benefits: Enjoy private medical insurance, 28 days annual leave, study support, and a generous pension scheme.
- Why this job: Make a real impact on financial security while working in a supportive and values-driven culture.
- Qualifications: Advanced qualifications in finance and prior risk management experience in financial services are essential.
- Other info: Be part of a company that prioritises resilience, adaptability, and loyalty in its mission.
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. #
Risk Manager - Banking employer: PIC
Contact Detail:
PIC Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Risk Manager - Banking
✨Tip Number 1
Familiarise yourself with the specific credit risk frameworks and regulations relevant to the banking sector. Understanding the nuances of these frameworks 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, particularly those who have experience in banking or insurance. Engaging in conversations can provide insights into the company culture and expectations, which can be invaluable during the interview process.
✨Tip Number 3
Prepare to discuss real-world scenarios where you've successfully managed credit risks. Be ready to articulate your thought process and the outcomes of your decisions, as this will showcase your practical experience and problem-solving skills.
✨Tip Number 4
Stay updated on current trends and challenges in the financial services industry, especially those affecting credit risk management. Being knowledgeable about recent developments will allow you to engage in meaningful discussions during interviews and show your proactive approach.
We think you need these skills to ace Risk Manager - Banking
Some tips for your application 🫡
Understand the Role: Before applying, make sure you fully understand the responsibilities and requirements of the Risk Manager position at Pension Insurance Corporation. Tailor your application to highlight 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 or led teams, as this aligns with the job's key accountabilities.
Showcase Technical Knowledge: Demonstrate your deep technical knowledge of credit risk and market risks in your application. Mention any advanced qualifications you hold, such as FIA, CFA, ACA, or CAIA, and how they relate to the role.
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 embodied them in your professional life.
How to prepare for a job interview at PIC
✨Understand the Company Values
Before your interview, make sure you are familiar with Pension Insurance Corporation's values: Resilient, Adaptable, and Loyal. Be prepared to discuss how your personal values align with these and provide examples from your past experiences that demonstrate these traits.
✨Showcase Your Technical Knowledge
As a Risk Manager, you'll need a strong grasp of credit risk management. Brush up on your technical knowledge related to credit and market risks, and be ready to discuss specific methodologies or frameworks you've used in previous roles to manage these risks effectively.
✨Prepare for Stakeholder Engagement Questions
Given the role's emphasis on managing a wide pool of key stakeholders, think about your past experiences in stakeholder engagement. Prepare to share examples of how you've successfully collaborated with different teams and influenced decision-making processes.
✨Demonstrate Your Problem-Solving Skills
The role requires providing objective advice and feedback. Be ready to discuss challenging situations you've faced in risk management and how you approached problem-solving. Highlight your analytical skills and ability to deliver strong business outcomes under pressure.
