ALM Manager: Market Risk

2 months ago

Leeds, United Kingdom Yorkshire Building Society Full time

Job Description

At Yorkshire Building Society we pride ourselves on being a mutual organisation that places our customers at the heart of everything we do. As a result of this we continue to grow and strengthen our position as one of the most trusted financial services providers in the UK, providing real help with real lives.

About the role

An opportunity has arisen to join the Asset & Liability Management team in the Balance Sheet Control directorate as a specialist market risk manager. In this role you will be directly responsible for market risk appetite and policy as well as leading the market risk section of the Society’s ICAAP as a subject matter expert while supporting others with your wealth of expertise. This role has no line management responsibility.

As a market risk specialist you'll be joining an established team and will drive improvements to, and understanding of, the risk management framework. This role would ideally suit someone with a strong IRRBB or market risk background who is looking to build on and share that knowledge while offering the opportunity to expand into other aspects of ALM. YBS’s market risk exposures extend to interest rates, credit spread and foreign exchange – held entirely within a banking book.

In this role you'll digest changes to the regulatory landscape and articulate what they mean for YBS. Developing a strong knowledge of the YBS balance sheet will be key to success in the role. In addition, you will champion a positive risk management culture and support others with your expertise.

About You

You'll need in-depth knowledge of both internal and external market risk management metrics, such as NII, VaR, PV01, CSVaR and regulatory requirements coupled with:

Familiarity with banking book and financial market products, with a broad knowledge of finance and balance sheet management within an organisation. Past experience of producing the market risk section of an ICAAP and taking it through a firm’s governance. Thought leadership in setting market risk appetite to ensure appropriate and timely escalation to decision makers. Experience of defining and maintaining banking book structural hedging strategies. Experience of developing existing policy to incorporate industry and regulatory change and ensuring firm-wide compliance. The ability to deliver within tight deadlines, ensuring stakeholder engagement through the journey. Ensuring effective communication, engagement and influencing skills – demonstrating the ability to understand, define and articulate business requirements. Excellent attention to detail, a pro-active attitude and continuous improvement mindset. You’ll be someone who is keen to help others learn and develop and, while not a people leader, you’ll inspire colleagues across the ALM team to deliver great work.

About us

At YBS we don’t have shareholders, we have members. We care about people and that includes you. So here, you’ll be respected for who you are, you’ll be able to bring your whole self to work, and you’ll have everything you need to build a long and rewarding career.

Flexibility.  We offer a range of flexible working options without unsocial hours, which can help you find a healthy work-life balance. Whether it’s finishing early for an appointment or fitting your studies and hobbies in around your working hours, we can help make it work for you. We’re happy to talk flexible working and you can reach out to us anytime during the recruitment process to discuss this.

Development. We want you to feel challenged here. Whatever your ambitions, we’re committed to helping you develop your skills and move ahead in your career journey. From day one, we’ll set you up for success with a brilliant induction and full training plan, all designed to get you up to speed quickly.

Inclusivity. We’re passionate about creating an inclusive environment where everyone is welcome and able to be themselves. If you’ll go the extra mile to help our members, you’ll fit right in and feel you belong here.

About our Benefits 

We offer lots of fantastic rewards that you can make the most of in and out of work, including:

Holiday. You’ll get 25 days plus Bank Holidays, as well as the option to buy up to a further 5 days.

Bonus. We work together to reach for better at YBS, so when we reach our goals we’re all rewarded, with up to a 10% annual bonus. 

Pension. We know how important it is to save towards the future, that’s why we’ll contribute up 11% into your YBS pension. 

Healthcare. Health and wellbeing are an important part of life at YBS, when you join us you’ll have access to a range of health benefits to suit your life including private medical insurance, dental and healthcare plans. 

My Benefits. When you join YBS you’ll have access to our self-service benefits portal, where you can access a range of retail, hospitality and health discounts,

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