Risk Management Director
1 month ago
We are seeking an experienced risk professional to join our team at Pension Corporation.
Job SummaryThe Director Credit Risk will be responsible for providing a second line view across the business, collaborating with first line teams to develop and implement appropriate investment and counterparty credit risk frameworks. The successful candidate will have a strong understanding of credit risk, counterparty risks, and regulatory requirements.
Key Responsibilities- Advise first line teams on the development and implementation of investment and counterparty credit risk frameworks.
- Provide guidance on relevant risk policies and procedures, risk appetite, and limits, and monitor these through key risk indicators and risk management information.
- Oversee the construction of pricing portfolios and back book optimisation exercises to ensure risks are clearly identified and assessed in the context of risk appetite.
- Ensure appropriate review of new investment initiatives and validation of credit ratings.
- Provide advice and guidance on ratings assessment and methodologies.
- Oversee the validation and reporting of credit and counterparty risk MI for the Risk Function.
- Provide assurance to the Risk Function on risk and controls through periodic deep dive reviews, investigations, and general oversight work.
- Support the business in managing day-to-day and new risks to ensure significant risks are properly identified and managed in line with PIC's risk appetite.
The successful candidate will have:
- Prior experience of a risk management role in a relevant financial services entity.
- Good technical knowledge of credit risk, including experience of counterparty risks, ratings approaches, and methodologies.
- Established knowledge of legal, regulatory, and industry requirements.
- Knowledge of business processes, standards, policies, and procedures.
- Familiarity with the UK regulatory environment and specific solvency regimes.
We offer a competitive package, including:
- 28 days' annual leave plus bank holidays.
- Pension.
- Insurance for Travel, Private Medical, Critical Illness, Life Assurance, and Income Protection.
- Save As You Earn (SAYE).
And more.
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