Job Description
This is a great opportunity for a Risk Manager to join our Credit Risk Measurement team which covers a span of accountabilities including calculation of IFRS9 provision, stress testing & forecasting for capital requirements, and credit risk regulatory and critical reporting. The team also leads governance for data in the credit risk and modelling data domain, and all credit risk and financial controls on behalf of the Chief Credit Officer.
This risk manager role will be responsible for regulatory and critical reporting for retail and commercial credit risk with emphasis on controls execution for critical reporting and compliance. Key accountability is for the monthly delivery of risk appetite metrics along with the chief credit officer’s report to credit committee.
Thus, this is a fantastic opportunity for a risk manager to join a team which focuses on refining high quality and efficient processes, and keeping pace with changing regulatory demand. The role holder will directly support confidence in the effectiveness of credit risk, financial and data quality controls to the Risk Community.
At Nationwide we offer hybrid working wherever possible. More rewarding relationships are supported through our hybrid approach, bringing colleagues together across our UK wide estate, whilst also supporting generous access to home working. We value our time in the office to solve problems, to learn, and to feel connected.
For this job you'll spend at least two days per week, or if part time you'll spend 40% of your working time, at one of our offices. If your application is successful, your hiring manager will provide further details on how this works. You can also find out more about our approach to hybrid working here.
If we receive a high volume of relevant applications, we may close the advert earlier than the advertised date, so please apply as soon as you can.
What you’ll be doing
Recognised as a subject matter expert in your area, your work will be varied and technically demanding. Reporting into the Head of Data Governance, Reporting and controls for credit risk, you will be responsible for:
- Creating new reporting approaches in response to internal stakeholder demand ensuring that data provided to senior committees is on specification and error free.
- Developing our risk measurement, reporting and analytics capabilities, driving efficiencies in data aggregation and compiling regulatory and critical reporting.
- Delivering insight into anomalies and issues highlighted by the detailed trends and variance analysis associated to report error checking.
- Ensure that all reporting is completed on time, with specification and that all internal and external controls are executed efficiently.
- Liaison with a wide variety of internal and external stakeholders at senior level.
In this position you will play a lead role in both our controls execution performance and the use and definition of credit risk data for risk aggregation. Working with other regulatory reporting specialists in the Society you will be expected to push for better by defining and helping develop data and systems which support the long-term reporting capability. In doing so you will be ensuring the Society remains focussed, fit and fast and retain the confidence of our external stakeholders and regulators.
About you
As a minimum requirement you’ll need to have/be:
- Proficiency in SAS (or equivalent statistical programming software) and Microsoft Office Applications
- Able to work both as a team and using your own initiative with an analytical mindset to review and challenge results, and creativity to develop innovative solutions to complex reporting demands
- Experience of credit risk management principles such as IFRS 9, IRB and Portfolio Management
- A clear understanding of the importance of data management and financial controls
- Excellent stakeholder management skills to liaise with internal and external stakeholders
- Familiarity with Jira and Confluence to manage workload
- Experienced in regulatory and/or critical reporting at a major retail finance provider
It would be an advantage if you had the following:
- Experience of supporting those around you through line management, coaching or mentoring experienced analysts
- Proven track record of meeting tight deadlines with external regulators
- An understanding of concurrent stress testing reporting and mandatory disclosures
Our Customer First behaviours are all about putting customers and members at the heart of how we work together. You can strengthen your application by showing the behaviours that resonate with you, and how you might have already demonstrated these.
- Say it straight - This is about being honest and direct with good intent and saying what needs to be said in the room. It’s also about being clear, precise, and using language that we and, importantly, our customers and members can understand.
- Push for better - This is about aiming high and constantly looking for better in how we work together and serve our customers and members.
- Get it done - This is about prioritising what will have the greatest impact, being decisive and taking accountability for delivering on the end-to-end outcome.
We know applying for jobs can sometimes feel like you’re sending an application into a black hole. We review each application individually. So, it’s a good idea to call out your most relevant experience on your application to give yourself the best chance.
The extras you’ll get
There are all sorts of employee benefits available at Nationwide, including:
- A personal pension – if you put in 7% of your salary, we’ll top up by a further 16%
- Up to 2 days of paid volunteering a year
- Life assurance worth 8x your salary
- A great selection of additional benefits through our salary sacrifice scheme
- Wellhub – Access to a range of free and paid options for health and wellness.
- Access to an annual performance related bonus
- Access to training to help you develop and progress your career
- 25 days holiday, pro rata
What makes us different
Nationwide is the world’s largest building society. With over 15 million customers, we have a relationship with almost a quarter of the UK’s population. We’ve got the scale to compete with the big banks, but we’re not a bank.
As a building society, we’re owned by our members – that’s our customers who have their current account, mortgage or savings with us. It means we can do things differently to deliver our Purpose – Banking – but fairer, more rewarding, and for the good of society.
When you work at Nationwide, you can experience that difference for yourself. You’ll be part of a high-performing, purpose-driven organisation that offers rewarding career experiences and a highly competitive range of benefits to match. You’ll also be joining us at an important time as we seek to reach more and more people in the UK. We want everyone in the UK to know that they don’t have to bank with a bank. They can choose a modern mutual instead.
What to do next
If this role is for you, please click the ‘Apply Now’ button. You’ll need to attach your up to date CV and answer a few quick questions for us.
We respond to everyone, so we will be in contact shortly after the closing date to let you know the outcome of your application.
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