Financial Risk Officer

7 days ago


Newbury, United Kingdom Newbury Building Society Full time

**Location**: Head office, Newbury

**Hours**: Minimum of 28 hours (standard 35 hour week) will be considered, Monday - Friday, 9.00am - 5.00pm

**Salary**:Dependent on skills and experience

**Every employer is not the same and who you work for and what that environment looks like is the difference between any job and a great job.**

Working for the Newbury Building Society, we are committed to ensuring that we have a first class Risk team and are recruiting for a Financial Risk Officer. This could be on a part time (minimum 28h hours) or full time basis and you would be required to be in the office (Newbury centre) at least twice a week.

**WHAT WILL YOU BE DOING?**:
The purpose of the role is to support the CRO to ensure the Society operates an effective approach to risk management related to liquidity, capital, treasury / finance and credit risk and ensuring that any potential issues /concerns are identified and addressed at an early stage. Responsibilities include:

- Provide second-line review on Regulatory Reporting and other important prudential reports, including the ILAAP and ICAAP. This will include review and challenge of the calculations and modelling that are used for liquidity stress testing and assumptions used for determining pillar 1 and pillar 2 capital requirements.
- Modelling recovery capacity, documenting recovery options and determining their impact within the context of a stress, calibrating recovery indicators etc. for the Society’s Recovery and Resolution Plans.
- Ensuring the prudential and regulatory reporting activities are compliant with good practice and regulatory expectations.
- Ensuring a strong second line of defence; providing appropriate oversight, support, challenge and assurance of the first line.
- Evolving, maintaining and operating a robust Risk Management Framework (RMF) and associated processes.

You will be working collaboratively alongside the Risk Officer (Non-Financial Risk) and Compliance team to provide a responsive and proportionate approach to managing risk, identifying opportunities for improvements and greater efficiencies whilst remaining within risk appetite.

**KEY SKILLS AND EXPERIENCES REQUIRED**:

- Experience of prudential risk management, including Recovery & Resolution Plans, ILAAP and ICAAP (ideally gained within a Financial Risk / Prudential Risk role)
- Knowledge of the key legal and regulatory framework relating to risk in the financial services sector
- Organised, able to plan and take ownership for own workload
- Excellent written and verbal communication skills

**WHY WORK FOR NEWBURY BUILDING SOCIETY?**
- We care about our communities - as well as providing financial services, we get involved in supporting our local communities. This means regular opportunities to volunteer, fundraise, and help with community events and activities. We also give all our employees two paid days of volunteering every year to help with causes they feel passionately about.
- We want to help you develop - there will be opportunities to take on new responsibilities and be involved in projects to further your career.
- Newbury Weekly News Employer of the Year 2023 - we are a proud local employer and shows how passionate we are about our people.
- _The salary offered is dependent on evidence of key competencies and skills you currently possess. Newbury Building Society pride themselves on recruiting for potential so if you do not meet all of the criteria in terms of knowledge, experience and skills, you will benefit from learning and development opportunities to enable you to work towards the top of the salary range. This will be via ongoing feedback from your line manager and assessment of your progression against all of the criteria. We are also open to flexibility on hours/days worked to a minimum of 4 days a week and our hybrid working policy is 2 days minimum in the office._



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