Financial Risk Manager

Business Unit:  Financial Risk
Salary range: up to circa £73,000 per annum DOE + red-hot benefits
Location: UK remote with the option to attend a local HUB
Contract type:  Permanent

Our Team

As part of the Financial Risk Oversight team, you’ll play an important role making sure that we identify and implement all the ever-changing regulatory requirements.  Our purpose means even greater responsibility to ensure we’re a safe and sound firm in the eyes of our customers, the banking regulators and investors. That’s the ‘assurance’ bit but we’re also on hand to support all areas of the bank to interpret rules correctly and to give ’advice’.

What you’ll be doing

Running cross team processes and providing constructive criticism and challenge.

Identifying ways to support the Bank’s strategy to optimise the use of Capital.

Support effective data analysis and assurance on how data is used to produce regulatory reports.

Support the ICAAP and ACS processes through appropriate review and oversight.

Support the implementation of regulatory change.

Keeping on top of industry best practice developments and prudential regulatory developments.

Oversight of key capital processes including targeted oversight reviews.

Attending and contributing to project and business committees and forums.

Identifying, building and maintaining relationships between the team and senior business stakeholders.

Supporting the development and recommendation of appropriate Risk Appetite Statement metrics, limits and triggers.

Role modelling Virgin Money Values and Behaviours ensuring all tasks are completed to expected standards.

We need you to have

Exceptional analytic skills and aptitude to extract conclusions from quantitative or qualitative evidence.

Strong stakeholder and communication skills, with the ability to explain complex risks to non-technical audiences including senior management and regulators.

Substantial experience in analysing large volumes of data, problem solving, reviewing information and identifying key business impacts.

Expert understanding of the regulatory landscape (e.g. PRA, with an appetite to keep this knowledge up to date.

Proficient in using programming languages such as SAS/SQL/Python/R.

Strong decision-making skills and confident to influence in line with business objectives and risk practises.

Familiarity of working with and interpreting prudential regulation.

It’s a bonus if you have but not essential

Knowledge of key prudential regulatory document submissions for example, ICAAP and regulatory capital returns

Awareness of the Bank of England’s Annual Cyclical Stress Test.

Red Hot Rewards

Generous holidays - 38.5 days annual leave (including bank holidays and prorated if part-time)​ plus the option to buy more.

Up to five extra paid well-being days per year​. 

20 weeks paid, gender-neutral family leave (52 weeks in total) for expectant parents and those looking to adopt. 

Market-leading pension.

Free private medical cover, income protection and life assurance.

Flexible benefits include Cycle to Work, wellness and health assessments, and critical illness. 

And there's no waiting around, you'll enjoy these benefits from day one. 

If we’re lucky to receive a lot of interest, we may close the advert early, please ensure to submit your applications as soon as possible.  

Say hello to Virgin Money 

Virgin Money is so much more than just a bank. As part of the Nationwide group, together we're the UK's first full-service mutual bank serving millions of retail and business customers and all driven by our purpose; Banking but fairer, more rewarding and for the good of society. With us, you’ll be part of an organisation uniquely positioned to make a difference to the lives of customers, communities and broader society and embark on a collaborative, customer obsessed, and fun-filled career journey. Embrace the weekdays, enjoy fantastic perks, and make a meaningful positive difference. Time to discover what it means to be part of the first mutual full-service banking provider.  

Be yourself at Virgin Money 

At Virgin Money, we celebrate everyone. We have fun, think big, and relentlessly include each other, all in pursuit of our purpose: Banking – but fairer, more rewarding, and for the good of society.  We’re committed to creating an inclusive culture where colleagues feel safe and inspired to contribute, speak up and be heard.    

As a Disability Confident Leader, we're committed to removing any obstacles to inclusion.  If you need any reasonable adjustments or support making your application, contact our Talent Acquisition team 

Please note: If we receive a high volume of eligible applications, we may need to prioritise candidates whose skills and experience most closely align with the role, while still ensuring fair and equitable consideration for all applicants.

Now the legal bit 
Although some of our roles allow you to be based anywhere in the UK, we'll need you to confirm you have the right to work in the UK. 

If you're successful in securing a role with us, there are some checks you need to complete before starting. These include credit and criminal record checks and three years' worth of satisfactory references. If the role is part of the Senior Manager Regime and Certification Regime, it requires enhanced pre-employment checks – we'll ask for six years of regulatory references, and once in the role, you'll be subject to periodic employment checks