Senior Risk Manager in City of London

Location: London or Milton Keynes

Hello, We are Recognise Bank; a modern business bank built to support the UK’s SMEs with tailored lending and savings solutions. Founded in 2017 by experienced business owners, we set out to challenge traditional banking by offering more flexibility, understanding, and practical support to help businesses thrive. Since receiving our banking licence in 2021, we’ve built a loyal customer base and a strong, diverse team that puts people first. Our vision is building stronger futures with bespoke financial solutions. We understand that no two financial needs are the same, which is why we work closely with UK SMEs and individuals to unlock potential others often overlook. Through smart, flexible lending and savings products, we’re here to build and grow stronger futures for lasting success.

Our values shape how we work and grow together:

• Can do, will do: We take ownership, solve problems, and adapt as our customers’ needs evolve.
• Be brilliant: We show up with curiosity and energy, always striving for better.
• Do the right thing: We act with integrity, responsibility, and care in everything we do.
• Make a difference: We focus on impact, helping our customers, colleagues, and communities succeed.

About the role

As a Senior Risk Manager, you will provide independent second-line oversight of Finance and Treasury activities, ensuring robust management of liquidity, funding, capital and interest rate risk in the banking book. You will lead key elements of the Bank’s stress testing and scenario analysis framework, enhance risk data and reporting to support Executive and Board decision-making, and work closely with senior stakeholders to maintain a forward-looking, well-governed risk profile aligned with regulatory expectations and internal risk appetite.

Key Responsibilities

• Treasury Risk Oversight: Provide robust second-line challenge and oversight of liquidity, funding, capital management and interest rate risk in the banking book (IRRBB). Review and challenge Treasury risk appetite metrics, limit monitoring, stress testing outputs and compliance with internal risk policies. Engage constructively with Finance and Treasury to ensure prudent and well-governed risk-taking aligned to regulatory expectations.
• Stress Testing & Capital / Liquidity Frameworks: Lead the development, enhancement and execution of the Bank’s stress testing framework, including macroeconomic and idiosyncratic scenario design aligned to PRA and Bank of England expectations. Analyse stress testing results to identify emerging vulnerabilities and recommend mitigating management actions. Support the ongoing development and review of ICAAP, ILAAP and SEEP documentation, including associated financial modeling and regulatory submissions. Contribute to the drafting and maintenance of the Bank’s Recovery Plan.
• Risk Reporting, Data & Governance: Develop and enhance risk MI, dashboards and reporting packs for Executive and Board Risk Committees. Work with Finance, Treasury and Data teams to improve data quality, modeling integrity and reporting efficiency. Contribute to the enhancement of risk policies, risk appetite frameworks, governance materials and control methodologies. Support internal and external reviews, including regulatory engagement, audit activity and model validation exercises.
• Corporate & Compliance Responsibilities: Adhere to all company policies and procedures, including risk management responsibilities set out in the Risk Management Policy. Comply with all financial crime, compliance and regulatory policies, procedures and reporting obligations applicable to the role.

Required Skills & Experience

• 10+ years experience within Risk, Treasury, Finance or a quantitative role in a UK regulated financial institution, ideally within a small to medium-sized bank.
• Strong knowledge of stress testing frameworks, scenario design and financial modeling methodologies.
• Solid understanding of liquidity risk, capital management, IRRBB and broader prudential risk frameworks, including credit, operational and climate risk.
• Experience reviewing and providing challenges on ICAAP, ILAAP, Recovery Plans and related regulatory documentation.
• Strong analytical and numerical capability, with the ability to interpret complex financial risk information and models.
• Proficiency in data analysis and reporting tools, with experience producing clear and insightful management information.

Why Join?

At Recognise Bank, we’re building more than a bank — we’re creating a culture where people feel empowered to make a difference, supported to be brilliant with a can do will do attitude, and trusted to do the right thing. We believe that when our people thrive, so do our customers. That’s why we invest in an environment that reflects our values and supports your growth, flexibility, and wellbeing.

Here’s what you can look forward to:

• Competitive Time Off: Generous annual leave plus bank holidays to rest, recharge, and enjoy life outside of work.
• Work From Anywhere: Up to 4 weeks per year to work remotely from anywhere in the world.
• Learning & Development: Tailored training and support to grow your skills and achieve your professional goals.
• Hybrid Working: To support your work-life balance, we offer a hybrid working model with 3 days in the office and 2 days remote.
• Private Medical Care with Vitality: Comprehensive healthcare including optical and dental coverage to keep you healthy.
• Enhanced Pension Scheme: Helping you plan and save for a secure future.
• Maternity, Paternity & Adoption Pay: Supporting you and your family during important life moments.
• Discretionary Company Bonus: Rewarding your contribution to our shared success.

If you’re curious, driven, and ready to be part of something meaningful — where your ideas matter, your growth is supported, and your work makes a real impact — then we’d love to hear from you. Recognise Bank is an equal opportunity employer. We celebrate diversity and are committed to creating an inclusive environment for all employees.