Full-timeSalary band: DSalary: £70,000 per annum (Mid-Market 80%-120% range depending upon skills and experience) plus full employee benefitsIts an exciting time to be part of Vernon Building Society. With over 100 years of heritage and significant recent investment, were focused on growth, modernisation, and creating an exceptional colleague experience.We are now looking for a Prudential & Credit Risk Manager to join our team at Head Office.Following the successful probationary period, this position will then be a hybrid role working on site in Stockport for 3 days per week and 2 days per week working from home.The Role:This role will provide second-line oversight, challenge, and assurance across prudential and credit risks, ensuring the Society remains financially resilient, well-capitalised, and compliant with regulatory expectations. The role supports the Chief Risk Officer (CRO) in maintaining a robust risk management framework while enabling sustainable growth and member value.Experience in the Building Society sector, mutual sector, smaller bank or specialist mortgage lenderHave experience in strong comprehension of capital capital adequacy, net interest margin (NIM) pressures, retail funding stickiness, and MREL rules specific to mutuals .Ability to interpret regulatory expectationsStrong analytical and stress testing skillsDetailed knowledge of PRA prudential requirements, including ICAAP, ILAAP, recovery planning, solvent exit planning, capital and liquidity riskKnowledge of portfolio mortgage credit risk, including concentration risk (size, LTI, LTV, IO), arrears and portfolio monitoringExperience reviewing or challenging regulatory returns, management information, risk appetite metrics or Board/Committee risk reporting.Experience of second line oversight and assuranceStrong Excel skills, including the ability to analyse large data sets, use formulas, pivot tables and charts, and produce clear risk MI for management reportingExcellent time management and self-motivation, able to work on a range of short and long-term projectsPackage:£70,000 per annum (Mid-Market 80%-120% range depending upon skills and experience)Pension scheme (7.5% employer contributions rising to 10% after 2 years) following pension auto enrolment criteria after a 13-week postponement periodSalary exchange for pensions arrangement4 x salary death in service benefit25 days holiday (plus statutory bank holidays), increasing to 27 after 2 yearsHealth Cash-PlanHealthcare InsuranceBirthday holidayEmployee Assistance ProgrammeCycle to work schemeRetail discounts package2 days paid volunteering daysIf you want to work with an employer who cares about their customers, local community, and employees, and have a passion to succeed, then click the Apply button and attach your CV.General Data Protection Regulations requires us to tell you how we collect, store and process personal data, when registering your interest with us.For full details about what data we collect about youWe hold your personal data on file for a period of 12 months (unless you request otherwise), following this your data will be erased.Vernon Building Society is committed to promoting equal opportunities in employment.Any applicant will receive equal treatment regardless of age, disability, gender reassignment, marital or civil partner status, pregnancy or maternity, race, colour, nationality, ethnic or national origin, religion or belief, sex or sexual orientation (Protected Characteristics).
