At a Glance
- Tasks: Oversee and analyse financial risks while improving reporting processes with automation.
- Company: Dynamic bank focused on modernising risk management and fostering growth.
- Benefits: Competitive salary, professional development, and a chance to shape financial risk strategies.
- Other info: Hands-on role in a fast-paced environment with excellent career progression opportunities.
- Why this job: Join a growing team and make a real impact in financial risk management.
- Qualifications: Experience in financial risk management and strong data analysis skills required.
The predicted salary is between 50000 - 60000 £ per year.
Description
The Financial Risk Manager is responsible for supporting the effective oversight, analysis and reporting of the Bank’s financial risks, with a strong focus on improving the quality, automation and insightfulness of financial risk management information.
The role sits within the second line Risk & Compliance function and provides independent oversight and challenge across financial risk activities.
Financial risk includes capital adequacy risk, liquidity and funding risk, market risk, interest rate risk in the banking book, financial counterparty risk and credit portfolio oversight.
The role holder will work closely with Finance, Treasury, Credit Risk, Data, Technology and senior stakeholders to ensure that financial risk reporting is accurate, timely, well-controlled and capable of supporting effective management decisions.
The role will also support second-line review and assurance of key prudential documents and processes, including the ICAAP, ILAAP, recovery planning, stress testing and related financial risk governance.
A key feature of the role is continuous improvement.
The Bank is scaling and modernising its risk infrastructure, and this role will help move regular risk reporting away from manual production and towards more automated, repeatable, controlled and insight-led processes.
The successful candidate will therefore need to combine strong financial risk knowledge with practical data and automation skills, including the ability to use tools such as Python, Power BI or similar automation/reporting software.
This is a hands-on role in a growing bank.
The role holder will need to be comfortable operating in a lean environment, balancing BAU reporting with improvement activity, and presenting financial risk insights clearly to a range of audiences, including senior management and governance committees.
Requirements
- Strong experience in financial risk management, prudential risk, treasury risk, capital management, liquidity risk, market risk, credit portfolio analytics or a closely related discipline.
- Strong technical knowledge in at least half of the following areas: capital adequacy, liquidity and funding risk, market risk, interest rate risk in the banking book, financial counterparty risk or credit portfolio risk.
- Experience working in a regulated financial services environment, ideally within a UK bank, building society, specialist lender, retail finance provider or similar organisation.
- Good understanding of applicable PRA and FCA regulatory expectations relevant to financial risk management.
- Experience supporting, reviewing or contributing to ICAAP and/or ILAAP processes.
- Experience producing, managing or reviewing risk MI for senior management or committee audiences.
- Strong data analysis skills, with the ability to identify trends, drivers, anomalies and emerging risk indicators.
- Demonstrable experience improving or automating reporting processes, ideally using tools such as Python, Power BI, SQL, VBA, advanced Excel or similar.
- Good understanding of risk appetite frameworks, key risk indicators, limits, triggers, breach escalation and management action tracking.
- Experience working with Finance, Treasury, Credit Risk, Data or Technology stakeholders.
- Experience in stress testing, scenario analysis, capital planning, liquidity planning or portfolio analytics would be advantageous.
- Familiarity with UK prudential regulatory concepts such as ICAAP, ILAAP, SREP, capital resources, capital requirements, liquidity coverage, funding risk, IRRBB and recovery planning would be beneficial.
- Experience operating in a growing, changing or lean organisation, where individuals are expected to be hands-on and adaptable.
- Professional qualifications in risk management, accountancy, treasury, banking, finance, data analytics or a related area would be useful but are not essential where the candidate can demonstrate relevant practical experience.
Skills & Behaviours
- Strong analytical skills, with the ability to interpret complex financial risk data and convert it into clear, practical insight.
- Strong automation and data management capability, with a genuine interest in improving reporting processes and reducing manual effort.
- Good written and verbal communication skills, including the ability to write clear committee-level commentary.
- Ability to present confidently to different audiences, including technical and non-technical stakeholders.
- Ability to provide independent challenge in a constructive, proportionate and evidence-based way.
- Strong stakeholder management skills, with the confidence to work closely with senior colleagues across first and second line functions.
- Self-motivated and proactive, with the ability to work independently in a fast-moving environment.
- Comfortable working in a lean bank where responsibilities may evolve as the business grows.
Financial Risk Manager in London employer: This Bank Limited
As a leading bank committed to regulatory excellence, we offer an exceptional work environment for the Head of Compliance role. Our culture prioritises integrity and accountability, fostering professional growth through continuous learning and development opportunities. Located in a dynamic financial hub, we provide our employees with the chance to engage directly with regulatory bodies while contributing to a robust compliance framework that supports our mission of delivering outstanding customer outcomes.
StudySmarter Expert Advice🤫
We think this is how you could land Financial Risk Manager in London
✨Tap into Campus Networks
If you're still in uni, don’t forget to engage with your campus's career services and attend finance-related events. Banks often do presentations and recruitment drives on campus, so put yourself out there and make use of these opportunities to show off your passion for the field.
✨Get Certified
Consider pursuing relevant certifications like the CFA or ACCA while you’re job hunting. They not only beef up your CV but also connect you with professional bodies which can lead to networking opportunities and even job openings in banking and financial services.
✨Connect on Professional Platforms
Join finance-focused groups on platforms like LinkedIn and engage in discussions. This can really help you stand out from the crowd, allowing potential employers to see your knowledge and interest in industry trends. Plus, you might stumble upon job postings shared exclusively within the group.
✨Apply Directly and Be Proactive
Don’t shy away from reaching out directly to firms like This Bank Limited. Use their websites and apply through them, but also consider following up with a polite email to express your enthusiasm. Being proactive can make a huge difference in getting noticed in the competitive financial services sector.
We think you need these skills to ace Financial Risk Manager in London
Some tips for your application 🫡
Show Off Your Numbers!:In the banking and financial services world, quantifiable achievements are key. Make sure your CV highlights your grades in relevant subjects, any financial certifications you hold, and specific projects where you've delivered measurable results. Employers love to see how your skills translate into real-world success.
Tailor Your Cover Letter to the Role:When applying for a full-time position, your cover letter should make a direct connection between your experience and the job description. Don't just state your enthusiasm for finance—dive into how your background in banking or financial analysis sets you apart. Let your passion shine through while being specific about what you can bring to This Bank Limited.
Include Relevant Financial Software Experience:If you've worked with financial modelling tools or software like Excel, SAP, or specific analytical tools during your studies or internships, bring that up! Highlighting your proficiency can really make your application pop and show you're ready to hit the ground running in a full-time role.
Research and Reflect:Before hitting that 'apply' button on This Bank Limited's website, do a little digging. Look up their recent projects, values, and culture. Reflecting their ethos in your application can make a huge difference and show you’re genuinely interested in being part of the team!
How to prepare for a job interview at This Bank Limited
✨Brush Up on Financial Analysis Skills
Make sure you're well-versed in financial concepts and analytical techniques relevant to banking and financial services. Get comfortable with tools like Excel for modelling or financial forecasting, as technical questions in this area are common during interviews with This Bank Limited.
✨Prepare for Case Studies
Expect to tackle case studies that demonstrate your problem-solving skills in real-world banking scenarios. Familiarise yourself with the types of problems you might face—think risk assessments or investment evaluations—and be ready to articulate your thought process clearly.
✨Show Your Passion for Finance
Since this is a full-time position, employers at This Bank Limited will be keen to see your genuine interest in finance. Be prepared to discuss recent industry trends or news articles that excite you, showcasing your enthusiasm and engagement with the field.
✨Network with Industry Professionals
Before your interview, reach out to current or former This Bank Limited employees on platforms like LinkedIn. They'll offer unique insights into the company's culture and the interview process, which can give us a delightful edge in showcasing a good fit for the team.
