Financial Risk Senior Analyst

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Business Unit: Financial Risk

Salary range: up to circa £56,000 per annum DOE + red-hot benefits

Location: UK Flexible - with the option to attend a local HUB

Contract type : Fixed term up to circa 12 months

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
• Supporting effective data analysis and assurance on how data is used to produce regulatory reports
• Leading the ICAAP and ACS processes through appropriate review and oversight
• Assisting in the implementation of regulatory change
• Keeping on top of industry best practice developments and prudential regulatory developments
• Overseeing 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

• Evident strong analytic skills and ability to extract conclusions from quantitative or qualitative evidence
• Substantial experience with using programming languages such as SAS/SQL/Python/R
• Demonstrable familiarity of working with and interpreting prudential regulation
• The ability to deliver a high standard of written and verbal communication
• Expert experience of analysing large volumes of data
• Proficiency in managing the needs of multiple stakeholders
• Proven capability in reviewing information and identifying key business impacts
• A good understanding of the regulatory landscape (e.g. PRA, with an appetite to keep this knowledge up to date. It’s a bonus if you have but not essential
• Knowledge of key prudential regulatory document submissions for example, ICAAP and regulatory capital returns
• Understanding of credit and capital risk management
• 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.

Feeling insatiably curious about this role? If we’re lucky to receive a lot of interest, we may close the advert early and would hate you to miss out. We're all about helping you Live a Life More Virgin , so happy to talk flexible working with you.

Say hello to Virgin Money

We’re making great strides towards achieving our ambition of becoming the UK’s best digital bank. As a full-service digital bank with a heritage stretching back over 180 years, we’re a workforce to be reckoned with, and we're putting the full power of our experience behind disruptive ideas that reinvent the role a bank plays in people's lives. We're customer-obsessed and work tirelessly to deliver on our purpose, ‘Making You Happier About Money.’ This means we're able to do banking differently, and by innovating and working together we can make a real difference by creating memorable moments and red-hot experiences for our millions of customers. Join us and Live a Life More Virgin that empowers you with choice and flexibility in how you work.

Be yourself at Virgin Money

Our purpose is to make people happier about money, this means seeing and feeling the world as our customers do by creating a workforce that reflects the rich diversity of our customers and communities. 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 careers@virginmoney.com

It’s important to note that there may be occasions where it’s not possible to interview all candidates declaring a disability who meet the essential criteria for the job. In certain recruitment situations such as receiving a high-volume of applications, we may need to limit the overall numbers of interviews offered to both disabled and non-disabled applicants.

Now the legal bit

Living A Life More Virgin allows our colleagues to be based anywhere in the UK (if the role allows it), but 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.