Financial Risk Manager

InterQuest are supporting a well-established challenger bank who are seeking a Financial Risk Manager to join its Risk & Compliance function. This is a critical role providing independent oversight and challenge to Treasury and Finance teams, ensuring adherence to both regulatory standards and internal risk frameworks.

Key Responsibilities:

• Provide independent review and challenge to Treasury and Finance activities to ensure regulatory compliance and alignment with internal policies.
• Recommend risk triggers and limits, and contribute to the development and reporting of risk appetite to the Board.
• Review ALCO (Asset & Liability Committee) materials and provide risk input into ALCO decision-making.
• Maintain and enhance capital, market, and liquidity risk policies and procedures in response to internal developments and regulatory changes.
• Offer documented assurance on ICAAP and ILAAP processes to support internal governance, audit, and regulatory reviews.
• Actively participate in Pricing Committee discussions, offering challenge and assurance on key assumptions.
• Oversee and validate Funds Transfer Pricing (FTP) assumptions and their implementation.
• Conduct regular assurance activities, including monthly pipeline reviews and backtesting.
• Monitor and challenge Treasury assumptions (e.g., prepayment, pass-through rates, effective interest rate models).
• Act as a subject matter expert in supporting the model validation process, particularly with Treasury models.
• Collaborate with the wider Risk and Compliance function as required.

Skills and Experience Required:

• Experience in a similar Financial Risk position within a lending environment
• Proven experience interpreting and applying regulatory guidance in financial services.
• Strong background in market and liquidity risk, with hands-on experience in IRRBB (Interest Rate Risk in the Banking Book) methodologies.
• Proficient in Microsoft Excel; working knowledge of PowerPoint and Word.

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