Senior Manager - Prudential and Model Risk - 12 month FTC

We’ve recently gained regulatory approval to purchase The Co-operative Bank, and as such we have an exciting opportunity to step into a critical role within our Financial and Model (FaM) Risk Team on a 12-month Fixed Term Contract. This technical position, with no line management responsibilities, offers the opportunity to contribute significantly to the organization’s risk management framework and strategy at a critical time.

FaM plays a pivotal role as a trusted advisor and critical friend to the business, enabling effective risk-based decisions within a prudential regulatory framework supported by strong governance and controls. It will also involve supporting integration activities and 2nd line oversight of Group liquidity, market, capital and model risks, presenting key findings to Senior Management and Executives.

Collaboration will be central as you work closely with the Head of Model Risk Management & Validation, Capital Risk Lead, and Senior Prudential Risk Manager.

This role requires a technical, experienced professional with a proactive mindset to support the organization in navigating complex regulatory requirements and ensuring robust risk management practices.

Essential Skills:

Qualifications:

Educated to degree level (or higher), ideally in a numerate discipline such as Economics, Finance, or Mathematics or equivalent professional experience.

Technical Expertise:

You’ll have a comprehensive understanding of the prudential regulatory landscape.

Experience in writing, reviewing, or advising on ICAAPs or ILAAPs, with a strong understanding of stress testing, liquidity/funding, and capital planning.

Significant exposure to capital, liquidity, and market risk issues in a banking, regulatory, or professional services environment.

Strong knowledge of balance sheet management, including market risk metrics and concepts such as Economic Value (EV), Net Interest Income (NII), Earnings at Risk (EaR), and structural hedging strategies.

Strong analytical and problem-solving skills, with a proactive approach to identifying and addressing risks.

Excellent communication and collaboration skills, with the ability to engage effectively with stakeholders at all levels.

Desirable:

Ability to proactively support the business in navigating uncertainty, regulatory change, and complexity.

Prior exposure to Advanced Internal Ratings-Based (IRB) models and experience with model validation is advantageous.

As a mutual, we’ve always worked together to improve the lives of others. Now one of the largest Building Societies in the UK, over 3,000 of us share that goal, in our branches and Head Office. Our benefits go beyond basic pay, with a discretionary bonus scheme, a culture of reward and recognition and total support for our wellbeing.

We’re serious about equality, of race, age, faith, disability and sexual orientation, but also of personality and the way we think. By being yourself, you’ll make us stronger.

You can build so much more than a career. Come and make a difference in our Society, that’s been voted a ‘Great Place to Work’ by our teams.

Flexibility and why it matters

We understand the need for flexibility, so wherever possible, we’ll consider alternative working patterns. Have a chat with us before you apply to see what the possibilities are for this role. 

Proud to be a Disability Confident Committed Employer

We’re proud to offer an interview or assessment to every disabled applicant who meet the minimum criteria for our vacancies. As part of the application process, disabled applicants can opt in for the Disability Confident Interview Scheme. If there are ever occasions where it is not practicable to interview all candidates that meet the essential criteria, such as when we receive a high number of applications, we commit to interviewing disabled candidates who best meet the minimum essential and desirable criteria.

If you would like to opt in to the scheme please contact our recruitment team when you apply via Get in touch - Coventry Building Society (coventrycareers.co.uk)