Capital Management Lead

3 weeks ago


Letchworth, Hertfordshire, United Kingdom Redwood Bank Full time
Position Overview

Redwood Bank, established with the mission to provide a viable alternative for small and medium enterprises, is dedicated to ensuring that their assets and finances are optimized effectively. Our team comprises skilled professionals committed to transforming the landscape of business lending and savings.

We foster a workplace culture that encourages inquisitive minds within a cooperative environment.

As a rapidly evolving Challenger Bank, we are on the lookout for ambitious, loyal, and dedicated individuals with diverse backgrounds, experiences, and skills.

At Redwood Bank, we firmly believe that our strength lies in our people, and we expect all employees to prioritize customer interests by embodying the Bank's core Values – Certainty, Simplicity, Tirelessness, Integrity.

Role Summary

We are currently seeking a Capital Management Lead who will be instrumental in overseeing the capital management strategies of the Bank. This position entails a thorough evaluation of the Bank's assumptions regarding asset treatment for capital requirement calculations, conducting capital stress tests (both ongoing and as part of the Internal Capital Adequacy Assessment Process), leading the updates of the ICAAP, and assisting in the development of future capital strategies.

The role requires close collaboration with the ALM Manager to refine the Bank's Funds Transfer Pricing and Risk-Adjusted Return on Capital (RAROC) methodologies, thereby enhancing the effective utilization of capital.

This position also involves working in conjunction with various teams, particularly within the Finance department, to ensure accurate and timely reporting while safeguarding Redwood Bank's interests.

Key Responsibilities

  • Assist the Treasury team in managing capital adequacy and facilitating the capital planning process, including future capital injections or strategies.
  • Support the Treasury team in overseeing the Bank's capital position and its requirements.
  • Plan and develop the preparation of the ICAAP, collaborating with the Head of Treasury to establish contingency options and plans.
  • Work alongside the Head of Treasury in formulating and enhancing the Recovery Plan and the Strategic Wind Down Plan (SWDP).
  • Participate in the creation and execution of capital stress testing scenarios.
  • Assist the ALM Manager in reporting to the Asset and Liability Committee (ALCo) regarding the outcomes of the Bank's FTP and RAROC methodologies.
  • Oversee the implementation of actions following evaluations by Compliance and Internal Audit.

Qualifications & Experience

We are looking for a candidate with a minimum of eight years of relevant experience in the financial services sector, including at least four years focused on prudential risk activities related to capital risk management. The ideal candidate will possess a strong understanding of banking regulations, particularly capital requirements, along with knowledge of capital planning and experience in ICAAP development, either as a primary author or a significant contributor. Familiarity with stress testing and scenario analysis is essential.

The successful applicant will demonstrate the ability to work autonomously on daily tasks and assigned projects in a self-directed and fast-paced environment, with a capacity to prioritize effectively to meet multiple deadlines. Excellent communication and interpersonal skills are crucial, with the ability to convey complex issues in a clear and coherent manner.

What We Offer

At Redwood Bank, we prioritize providing our employees with the necessary resources and a supportive environment to thrive in their roles. Our employees are the cornerstone of our operations, which is why we have designed our benefits to cater to their needs and well-being.

  • A hybrid working model allowing for remote work two to three days per week.
  • A company culture that promotes inclusivity and a friendly, family-like atmosphere.
  • Competitive salary with a discretionary bonus scheme.
  • Generous holiday allowance.
  • Pension contribution from the employer of 10%.
  • Access to BenefitsHub, offering a wide range of employee discounts, rewards, and perks across various brands, restaurants, and experiences.
  • Employee Assistance Programme.
  • Cycle to Work Scheme.
  • Income Protection Insurance.
  • Critical Illness Insurance.
  • Death in Service Insurance.
  • Private medical health insurance.
  • 24/7 access to Digital GP services.
  • Dental coverage.
  • Health assessments.
  • A day off for your birthday.
  • Generous maternity and paternity leave benefits.
  • Paid Carers leave.
  • Charity Day.

If you are seeking a career where you will be recognized as an individual and valued for your contributions, consider joining Redwood Bank. We welcome candidates who may not meet every requirement listed but believe they would be a good fit for our team.



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