Interest Rate Risk Manager

1 month ago

London, Greater London, United Kingdom NatWest Group Full time

Join us as an Interest Rate Risk Manager

  • In this critical role, we'll look to you to implement plans for managing the operation of the bank's interest rate risk transfer process
  • You'll be providing an efficient and timely recommendation of hedging strategies to manage interest rate risk within the books of the businesses and treasury
  • You'll manage interest rate risk arising from NatWest Group's £200bn fixed rate mortgage business and other core product lines
  • This is a great opportunity to bring forward new ideas and knowledge sharing across the team, including mentoring and coaching team members
What you'll do

As an Interest Rate Risk Manager, you'll be driving the bank's product hedging process to ensure that the financial impact is captured at product level in the books of relevant businesses. You'll also be liaising with the businesses to agree an appropriate hedging strategy and preparing interest rate risk reports and insights. This is a hands on role that involves working closely with customer facing franchises, the Asset and Liability Management Team LM and other Treasury teams to manage interest rate risk hedging requirements. You'll be the ALM lead interface with our retail and small business franchises on interest rate risk management.

Day-to-day, you'll also be:

  • Leading and documenting regular meetings with franchises to assess new business flows and agree hedging requirements
  • Designing and implementing the risk management framework, developing key assumptions relating to how changes in interest rates affect customer interaction with our products
  • You'll deliver monthly risk reporting across the retail and small business fixed rate product range and weekly insight into expected business flows and the impact on pipeline hedging strategies.
The skills you'll need

We're looking for someone who has a comprehensive understanding of interest rate risk, with a strong product knowledge of retail and commercial products and derivatives. You'll also have experience with SQL or Access, and proven experience of financial modelling in Excel.

We'll also expect you to have:

  • The ability to prioritise and adhere to deadlines along with handling change in a dynamic environment
  • Strong communication skills and the ability to liaise across all levels, including management level colleagues
  • The ability to work under pressure while adopting a flexible approach to work commitments
  • Strong interpersonal and collaboration skills with the ability to work with finance and business partners bank wide

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