September 19, 2024

Monmouthshire Building Society

Newport

Financial Risk Officer – Treasury, Liquidity, and Interest Rate Risks

Financial Risk Officer - Treasury, Liquidity, and Interest Rate Risks

Location: Newport / Cardiff / Agile

Salary: £45,000 to £50,000 per annum

Closing Date: Thursday 03 October 2024

We are currently seeking a highly motivated and detail-oriented individual to join our Financial Risk team as a Financial Risk Officer. Reporting to the Head of Financial Risk, this role offers a unique opportunity to provide crucial second-line oversight and support in managing the Society’s financial risk frameworks, models, and policies.

Why work with us?

Are you looking to build a career and make a difference – if so, why not consider the Monmouthshire Building Society?

We are an innovative, exciting, modern mutual and we’d love for you to join us. We have an ambitious 5-year strategy with strong growth plans and your role will play a crucial part in our success. We are a community and values-based employer that puts both our people and our members at the heart of what we do.

So, if you want to make a real difference to your community and career then we’d love to hear from you...

What will we offer you?

Firstly, what will we offer you as a one of our valued colleagues?

28 days’ holiday, plus bank holidays PLUS a day off on your birthday to help you celebrate!
Opportunity to purchase additional holidays.
A commitment to your ongoing training and development including a rotational development programme.
Up to 14 hours of paid Society leave to volunteer for a local community initiative.
‘Dress for your Day’ approach when in the office.
Various health and wellbeing benefits such as 24-hour Employee Assistance Programme, subsidised flu jabs and eye tests.
Private healthcare (subject to selection & completion of medical disclosure form).
Personal health cash plan and dental cover (subject to selection).
Life Assurance – 4 times your basic salary life cover, along with critical illness cover.
Generous Stakeholder Pension Scheme – where the Society contributes a massive 10% on top of your 3% contribution!

What will you be doing?

As a Financial Risk Officer, you will be responsible for delivering comprehensive assessments, reviews, and analytical reports in areas such as treasury risk, liquidity, and interest rate risks. Your role will involve reviewing financial risk policies and models to provide assurance and improve the effectiveness of controls. You will work closely with colleagues across Financial Risk, Enterprise Risk, Regulatory Reporting, Finance, Treasury, Asset-Liability Management (ALM), Credit, and Operations to ensure the Society’s strategic objectives are met with robust risk management practices.

Your key tasks and responsibilities will include:

Providing support and oversight in delivering the Society’s ILAAP and challenging adherence to the liquidity risk appetite.
Reviewing the Funding Plan, Recovery Plan, Solvent Exit Plan, Resolution Pack, and the Treasury Policy Statement
Reviewing pricing and affordability of products to help manage profitability
Overseeing and reviewing the liquidity and interest rate risk stress testing and hedging models and refreshing the stress testing policy and framework.
Maintaining and monitoring an appropriate risk appetite for liquidity and interest rate risks.
Conducting model reviews to ensure compliance and effectiveness.

What type of person will you need to be?

To excel in this role, you will need to possess strong analytical and problem-solving skills, with the ability to think critically and challenge existing processes. You should be highly organised and detail-oriented, capable of managing multiple tasks and meeting deadlines. Excellent communication and interpersonal skills are essential, as you will be working with a variety of stakeholders across the business. A proactive and collaborative approach, combined with a strong sense of integrity and accountability, will help you thrive in this role.

Qualifications and experience:

Previous experience as a Senior Analyst/Senior Associate in a financial risk management role or in an external auditing role within the financial services industry.
Involvement or familiarity of the ILAAP and other liquidity and interest rate risk related regulations, policies, frameworks, and models.
Qualified Accountant, with a degree in accountancy, finance, economics, or a related field.

Additional information:

We’re committed to diversity and equal opportunity and as an inclusive employer, we encourage applications from all suitably qualified applicants irrespective of ethnicity, religion, age, physical or mental disability/long term health condition, marital status, sexual orientation, gender identity, gender expression, genetic information (including characteristics and testing) and any other protected characteristic.

Just let us know if you need any reasonable adjustments made to our recruitment processes, we’ll try to accommodate them.

We want everyone to be able to fulfil their potential which is why we provide a range of flexible working arrangements and family friendly policies.

Our roles often generate a lot of interest and can close early so don't miss out this opportunity to apply!

Personal data held by the Monmouthshire Building Society relating to employment applications will be used in accordance with GDPR regulations our Privacy Statement, which is available on our website.

Monmouthshire Building Society values the diversity that all sections of the community can bring to our Society, we welcome applications from everyone who shares our values.

As a financial services organisation regulated by the PRA and FCA our staff must be honest, financially sound and maintain high levels of competence and capability in their role. Therefore our pre-employment checks include adverse credit checks and criminal records checks (DBS checks) for all roles. DBS checks are at a basic disclosure level for the majority of roles but at the standard level for certain roles covered by the Certification and Senior Managers Regime.