Financial Risk Analyst

We're looking for a Senior Financial Risk Analyst to join our Financial Risk & Model Oversight team, playing a key role in protecting the long-term financial strength of Principality Building Society and supporting our strategy for sustainable growth. This is a high-impact second-line role, providing independent oversight, challenge and expertise across financial risks including capital, liquidity & funding, market risk and ALM initiatives. You'll work closely with colleagues across Finance and Treasury, influencing decision-making at senior and Board level while ensuring we continue to meet regulatory expectations and best practice. Whether you're looking to deepen your technical expertise or broaden your influence across the organisation, this role offers varied work, strong exposure to senior stakeholders, and the opportunity to shape how financial risk is managed across the Society. What you'll be doing In this role, you'll:

• Provide robust second-line oversight across the Society's key financial risks, offering independent review, challenge and expert judgement
• Lead review and challenge of major regulatory and risk documents, including ICAAP, ILAAP, Recovery & Resolution Planning and Stress Testing
• Ensuring financial risk models are reviewed, validated and governed in line with policy and agreed plans
• Review high-impact regulatory returns, ensuring assumptions, interpretations and judgements are appropriate, documented and well-governed
• Provide constructive challenge to financial planning, forecasting and medium-term planning
• Build strong, trusted relationships with first-line teams across Finance, Treasury and Balance Sheet Management
• Monitor the external environment, identifying emerging risks, regulatory developments and best practice, and escalating insights through governance forums
• Prepare and present clear, concise risk insights to Executive committees, supporting informed decision making
  
  When it comes to belonging, there truly is no place like Principality., Experience in Financial Risk or Treasury within financial services or banking
• Strong knowledge of at least one core financial risk area (capital, liquidity & funding, or market risk) and a good understanding of wider risk management techniques
• Hands-on experience with ICAAP, ILAAP, RRP and/or stress testing
• Understanding of ALM and Treasury within a banking or building society environment
• Experience working with financial models across the model lifecycle
• Awareness of the UK regulatory landscape, macroeconomic drivers and their strategic impacts
Skills & Behaviours:
• Strong analytical and numeracy skills, with excellent attention to detail
• Confidence to provide constructive challenge and influence senior stakeholders in a constructive way
• Ability to explain complex concepts clearly to a range of audiences
• Organised and delivery-focused, with a proactive and solutions-oriented mindset
• Comfortable working independently while collaborating across teams
• Commercially aware, forward-thinking and able to exercise sound judgement
• Clear, confident communication skills
Qualifications:
• A professional qualification or working towards a Treasury or Risk Management is desirable but not essential
If you're ready to influence senior decision-making and play a key role in safeguarding the Society's future, we'd love to hear from you.

At Principality, belonging isn't just a value - it's how we work. When you join us, you're welcomed into a supportive, inclusive community where your home life, wellbeing, and individuality are genuinely respected. From flexible ways of working to benefits designed around you, we're committed to helping you feel comfortable, valued, and able to thrive. We believe great work happens when people feel connected - to each other, to our purpose, and to the communities we serve. That's why we encourage balance, invest in wellbeing, and focus on growing and improving together. Why join us? There are plenty of reasons to build your career with Principality:
• Flexible hybrid working - Our award-winning approach gives you the flexibility to work from home and from the office. Collaboration matters to us, so you'll spend at least 8 days per month based in our Cardiff office.
• A truly inclusive workplace - Proudly named in the 2025 Inclusive Top 50 UK Employers List, ranked 27th, recognising our ongoing commitment to inclusion and belonging.
• Customer excellence you can be proud of - Winners of Double Gold Awards for Customer Satisfaction at the Fairer Finance Awards 2025 for both Savings and Mortgages.
• Engaged, supported colleagues - Our colleague engagement scores consistently exceed 85%, reflecting a positive and supportive culture.
• Wellbeing at the heart of what we do - Our Belong benefits package is designed to put our people first, supporting your physical, mental, and financial wellbeing.
These achievements reflect more than awards - they represent our long-term commitment to creating a workplace where colleagues feel supported and customers feel cared for.