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- Tasks: Join our Market Risk team to manage risk appetite and policy in a dynamic environment.
- Company: Yorkshire Building Society is a trusted mutual organisation focused on customer care and community impact.
- Benefits: Enjoy flexible working, 25 days holiday, health benefits, and a bonus scheme up to 15%.
- Why this job: Be part of a supportive culture that values your input and fosters professional growth.
- Qualifications: In-depth market risk knowledge and experience with banking products are essential.
- Other info: This role offers the chance to influence risk management strategies without line management responsibilities.
The predicted salary is between 43200 - 72000 £ per year.
Pay and location
This range is provided by Yorkshire Building Society. Your actual pay will be based on your skills and experience — talk with your recruiter to learn more.
Base pay range
At Yorkshire Building Society we pride ourselves on being a mutual organisation that places our customers at the heart of everything we do. As a result of this we continue to grow and strengthen our position as one of the most trusted financial services providers in the UK, providing real help with real lives.
This role is based in our Leeds City Centre Head Office, with working from home capacity.
About the role
An opportunity has arisen to join the Market Risk team within the Treasury function as a specialist market risk manager. In this role you will be directly responsible for market risk appetite and policy as well as leading the market risk section of the Society’s ICAAP and structural hedging strategy as a subject matter expert while supporting others with your wealth of expertise. This role has no line management responsibility.
As a market risk specialist you\’ll be joining an established team and will drive improvements to, and understanding of, the risk management framework. This role would ideally suit someone with a strong IRRBB or market risk background who is looking to build on and share that knowledge while offering the opportunity for thought leadership to all levels of the organisation. YBS’s market risk exposures extend to interest rates, credit spread and foreign exchange – held entirely within a banking book.
In this role you\’ll digest changes to the regulatory landscape and articulate what they mean for YBS. Developing a strong knowledge of the YBS balance sheet will be key to success in the role. In addition, you will champion a positive risk management culture and support others with your expertise.
About you
You\\\’ll need in-depth knowledge of both internal and external market risk management and metrics, such as NII, PV01, CSRBB metrics and regulatory requirements coupled with:
- Familiarity with banking book and financial market products, with a broad knowledge of finance and balance sheet management within an organisation.
- A detailed understanding and practical experience of internal risk transfer through hedging for a Retail financial services firm.
- Past experience of producing the market risk section of an ICAAP and taking it through a firm’s governance.
- Thought leadership in setting market risk appetite to ensure appropriate and timely escalation to decision makers.
- Experience of defining and maintaining banking book structural hedging strategies.
- Experience of developing existing policy to incorporate industry and regulatory change and ensuring firm-wide compliance.
- The ability to deliver within tight deadlines, ensuring stakeholder engagement through the journey. Ensuring effective communication, engagement and influencing skills – demonstrating the ability to understand, define and articulate business requirements.
- Excellent attention to detail, a pro-active attitude and continuous improvement mindset.
- You’ll be someone who is keen to help others learn and develop and, while not a people leader, you’ll inspire colleagues across the Treasury team to deliver great work.
About us
At YBS we don’t have shareholders, we have members. We care about people and that includes you. So here, you’ll be respected for who you are, you’ll be able to bring your whole self to work, and you’ll have everything you need to build a long and rewarding career.
Flexibility
We offer a range of flexible working options without unsocial hours, which can help you find a healthy work-life balance. Whether it’s finishing early for an appointment or fitting your studies and hobbies in around your working hours, we can help make it work for you. We’re happy to talk flexible working and you can reach out to us anytime to discuss this during the recruitment process.
Development
We want you to feel challenged here. Whatever your ambitions, we’re committed to helping you develop your skills and move ahead in your career journey. From day one, we’ll set you up for success with a brilliant induction and full training plan, all designed to get you up to speed quickly.
Inclusivity
We’re passionate about creating an inclusive environment where everyone is welcome and able to be themselves. If you’ll go the extra mile to help our members, you’ll fit right in and feel you belong here.
About our Benefits
We offer lots of fantastic rewards that you can make the most of in and out of work, including:
- Holiday. You’ll get 25 days plus Bank Holidays, as well as the option to buy up to a further 5 days.
- Bonus. At YBS we work collaboratively and share in our success together, so when we reach our goals were all rewarded with an on target bonus of 7% of eligible pay (with the opportunity to earn up to a maximum 15%).
- Pension. We know how important it is to save towards the future, that’s why we’ll contribute up 11% into your YBS pension.
- Healthcare. Health and wellbeing are an important part of life at YBS, when you join us you’ll have access to a range of health benefits to suit your life including private medical insurance, dental and healthcare plans.
- My Benefits. When you join YBS you’ll have access to our self-service benefits portal, where you can access a range of retail, hospitality and health discounts.
Ready to apply?
If you’re excited about this role and want to be part of the YBS team, click apply now to send us your application.
Want more information?
If you have any questions about this role, please contact Holly Gallagher at careers@ybs.co.uk
Please note: This role will close on the 15th September.
Seniority level
- Mid-Senior level
Employment type
- Full-time
Job function
- Finance
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Market Risk Manager employer: Yorkshire Building Society
Contact Detail:
Yorkshire Building Society Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Market Risk Manager
✨Tip Number 1
Familiarise yourself with the specific market risk metrics mentioned in the job description, such as NII and PV01. Being able to discuss these metrics confidently during your interview will demonstrate your expertise and understanding of the role.
✨Tip Number 2
Research Yorkshire Building Society's recent developments and changes in their regulatory landscape. This knowledge will allow you to articulate how you can contribute to their market risk management strategies effectively.
✨Tip Number 3
Prepare examples from your past experience that showcase your ability to develop and maintain banking book structural hedging strategies. Highlighting your thought leadership in this area will set you apart from other candidates.
✨Tip Number 4
Engage with current employees or industry professionals on platforms like LinkedIn to gain insights into YBS's culture and values. This will help you tailor your approach and show that you align with their commitment to inclusivity and development.
We think you need these skills to ace Market Risk Manager
Some tips for your application 🫡
Understand the Role: Before applying, make sure to thoroughly read the job description for the Market Risk Manager position. Understand the key responsibilities and required skills, such as knowledge of market risk metrics and experience with ICAAP.
Tailor Your CV: Customise your CV to highlight relevant experience in market risk management, particularly focusing on your familiarity with banking book products and any past roles that involved regulatory compliance or risk appetite setting.
Craft a Compelling Cover Letter: Write a cover letter that not only expresses your enthusiasm for the role but also demonstrates your understanding of YBS's values and how your background aligns with their mission of putting customers first.
Highlight Relevant Achievements: In both your CV and cover letter, include specific examples of your past achievements in market risk management, such as successful projects or initiatives that improved risk frameworks or compliance processes.
How to prepare for a job interview at Yorkshire Building Society
✨Understand the Regulatory Landscape
Make sure you are well-versed in the current regulatory requirements affecting market risk management. Be prepared to discuss how these regulations impact Yorkshire Building Society specifically and demonstrate your ability to articulate complex concepts clearly.
✨Showcase Your Technical Knowledge
Highlight your expertise in metrics such as NII, PV01, and CSRBB. Be ready to provide examples from your past experience where you successfully applied this knowledge in a practical setting, especially in relation to internal risk transfer and hedging strategies.
✨Demonstrate Thought Leadership
Prepare to discuss your approach to setting market risk appetite and how you have influenced decision-making in previous roles. Share specific instances where your insights led to improvements in risk management frameworks or policies.
✨Engage with Stakeholders
Effective communication is key in this role. Practice articulating your ideas and engaging with different stakeholders. Be ready to discuss how you have successfully collaborated with teams to ensure alignment on risk management strategies and objectives.
