Risk Management Director

1 month ago


London, Greater London, United Kingdom Pension Corporation Full time
Job Title: Director Credit Risk

We are seeking an experienced risk professional to join our team at Pension Corporation.

Job Summary

The 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
  1. Advise first line teams on the development and implementation of investment and counterparty credit risk frameworks.
  2. Provide guidance on relevant risk policies and procedures, risk appetite, and limits, and monitor these through key risk indicators and risk management information.
  3. 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.
  4. Ensure appropriate review of new investment initiatives and validation of credit ratings.
  5. Provide advice and guidance on ratings assessment and methodologies.
  6. Oversee the validation and reporting of credit and counterparty risk MI for the Risk Function.
  7. Provide assurance to the Risk Function on risk and controls through periodic deep dive reviews, investigations, and general oversight work.
  8. 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.
Requirements

The successful candidate will have:

  1. Prior experience of a risk management role in a relevant financial services entity.
  2. Good technical knowledge of credit risk, including experience of counterparty risks, ratings approaches, and methodologies.
  3. Established knowledge of legal, regulatory, and industry requirements.
  4. Knowledge of business processes, standards, policies, and procedures.
  5. Familiarity with the UK regulatory environment and specific solvency regimes.
Benefits

We offer a competitive package, including:

  1. 28 days' annual leave plus bank holidays.
  2. Pension.
  3. Insurance for Travel, Private Medical, Critical Illness, Life Assurance, and Income Protection.
  4. Save As You Earn (SAYE).

And more.



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