MERJE is seeking a talented Financial Risk Manager for a leading Building Society in the UK. This exciting opportunity offers a chance to work with a well-established financial institution, managing risk strategies and ensuring regulatory compliance.

Location: Cumbria (Very Hybrid)

The Role:

As a Financial Risk Manager, you would be reporting to the Head of Financial, Strategic & Enterprise Risk and you will be supporting them to oversee financial risk management for the Society.

Key Responsibilities of the Financial Risk Manager:

• Support the Head of Financial, Strategic & Enterprise Risk to embed, review, and recommend appropriate and effective risk management assessment, measurement and reporting
• Review and challenge of key prudential policy documents, including Financial Risk Management Policy, ICAAP, ILAAP, Funding Plan, Recovery and Resolution planning.
• Preparation and presentation of Risk reports to ALCO and Board on key deliverables to summarise risk review work undertaken and provide opinion and recommendations.
• Review and challenge of financial modelling, including assumptions and scenarios used
• Undertake interpretation of existing prudential regulation as required and changes to prudential regulation as they arise.
• Periodic review of regulatory reporting, including key capital and liquidity returns.
• Provide oversight to annual financial planning process.
• Review and oversight of monthly MI and ALCO reporting to assess compliance with financial risk metrics and oversee accurate preparation.
• Review and oversight of RCSA landscape for Treasury and Finance.
• Oversight of Treasury financial management strategy outputs, including hedging, prepayment assumptions, counterparty credit risk and encumbrance.
• Participation in projects and prudential programmes relating to financial risk management

Required knowledge and experience for the Financial Risk Manager role:

• Proven experience in financial risk management
• Knowledge of relevant regulatory requirements especially Capital and Liquidity
• Good understanding of Balance Sheet and experience in Treasury and Finance functions
• Experience in Prudential regulatory reporting and Financial Risk reporting
• Strong analytical and problem-solving skills with advanced Excel
• Demonstrable experience of Stakeholder engagement and relationship building.
• Relevant qualifications in finance, risk management, or a related field

Applicants must be located and eligible to work in the UK without sponsorship.

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