Balance Sheet Risk Manager


Balance Sheet Risk Manager


TheNottingham, The Park, City of Nottingham

  • Full time
  • Permanent
  • Onsite working

Posted 2 days ago, 15 May | Get your application in today.

Closing date: Closing date not specified

job Ref: 8754c2a9b7af4aee94686512302f9d37

Full Job Description

We are recruiting for a Balance Sheet Risk Manager to join our Finance team at The Nottingham! This is a hybrid role based at our Head Office in the heart of Nottingham City Centre. You will be part of a small team contributing to our wider Finance department as a subject matter expert, driving continuous improvement and expertise driven solutions in relation to balance sheet risk management.

This is a key role in our first line team contributing to the design and monitoring framework of The Nottingham's balance sheet risk management strategy. You will lead on liquidity and Interest rate risk stress testing, treasury middle office activities, ALCo MI reporting and contribute to the production of The Nottingham's ILAAP.

You'll champion and embed best practice standards while continuously refining our financial risk management processes to effectively safeguard the organisation. You will foster strong stakeholder relationships acting as a credible and influential voice on balance sheet risk matters at all levels within the organisation.

Here's a taste of what you will be doing as a Balance Sheet Risk Manager at The Nottingham -

  • Ensure that risks arising within the balance sheet (interest rate, market, liquidity and counterparty risks) are reported to the Treasury team and Assets and Liability Committee and to facilitate the development of ALM risk management and forward forecasting/planning.

  • Support the ongoing review of the Liquidity and Funding Risk Policy and Market & Interest Rate Risk Policy including supporting analyses for determining design and calibration of risk appetite and supporting metrics.

  • Maintain and develop relevant modules of the ALMIS risk management system, including reporting on interest rate simulations and stress testing; continue to develop modelling of stress testing of net interest income using NBS financial forecasting models to help identify and effectively manage balance sheet vulnerabilities.

  • Deliver management information for weekly and month end deadlines, including analysis of balance sheet risk, modelling of liquidity/ interest rate risk scenarios, formal reports for ALCO and interest rate and liquidity related regulatory returns.

  • Play an active role in the assessment of liquidity risk - and in particular keep developing the approach to modelling of retail deposit run-off - as part of The Nottingham's ILAAP activities

    Expert knowledge of balance sheet management and treasury risk principles.

  • Experience of financial risk management techniques, processes and controls.

  • Knowledge and application of PRA rulebook and guidance applicable to banks and building societies.

  • Experience in liquidity and / or interest rate risk stress testing.

  • Good communication skills with an ability to translate and explain complex issues to non-technical colleagues.

  • Ability to work autonomously and work collaboratively to deliver to deadlines.

    We are a mutual, which means we don't have shareholders. Instead, we're owned by our members and use our money to do good, investing in our community, responsible causes, and - well, you. So, we're always striving to do the right thing for our team, communities and members.

  • Although our history spans over 170 years, our purpose of helping our members save, plan for and protect their financial futures is enduring. At The Nottingham Building Society, we are dedicated to overcoming obstacles and turning challenges into opportunities. At the heart of our mission is our unwavering commitment to breaking down barriers and building better futures by helping our customers achieve the significant milestone of owning their own home.

  • A fair and competitive salary evaluated against market data, annual discretionary bonus scheme, Medicash healthcare scheme, 25 days annual leave plus bank holidays, holiday purchase scheme (buy up to 5 days) and enhanced family leave.

  • Commitment and dedication to your ongoing personal and professional development. We help you to own and grow your potential so you can be at your best in your current role and to support your future career aspirations.

  • Flexible and hybrid working to encourage a work life balance, we want you to be at your best inside and outside of work.

  • A friendly and inclusive culture where teams genuinely strive to do the right thing by their colleagues and our customers.

  • A strong sustainability agenda - we're continually finding new ways to be kinder to the environment by reducing our carbon footprint.

  • We're passionate about giving back to the communities in which we serve as well as supporting local charities as part of the Samuel Fox Foundation. One of the many ways you can get involved is to use the 2 days per year paid leave to volunteer for causes or charities that are important to you.

  • Your health and wellbeing is our priority, we encourage this through a suite of support resources, including a team of trained mental health first aiders.

  • Embracing Diversity Together: -

    We proudly embrace and celebrate diversity as a fundamental cornerstone of our values. We believe that a diverse and inclusive workplace is not just essential for our success but is also a reflection of the vibrant communities we serve. Our commitment to diversity extends beyond our internal culture to the way we approach advertising and engage with our customers.

    Our commitment means actively working to eliminate barriers and biases that may hinder equal opportunities within our organisation. We strive to ensure that all individuals, regardless of background, have an equal chance to thrive and advance in their careers.

    We acknowledge that diversity is not just a goal to be achieved but a continuous journey toward creating an environment that embraces differences and promotes equal opportunities for all. We are committed to fostering an inclusive culture that encourages collaboration, creativity, and a sense of belonging for every member of our community.