Treasury Risk Manager Remote/Manchester
£60- £75,000pa (plus Car Allowance)
Permanent Position
35hrs per week
The Co-operative Bank has been rooted in distinctive co-operative values and ethics, underpinning how we run our business and providing customers with a real ethical banking alternative. With a desire to challenge the status quo, and with community in our DNA, we remain committed to our co-operative heritage and values in all that we do. Our unique customer-led Ethical Policy, has made us a natural leader in environmental and social issues today, resulting in the bank being rated as the UK’s best Environmental, Social and Governance (ESG) rated high street bank by leading ESG ratings agency Sustainalytics.
There has never been a more pressing time for our bank to focus our efforts on causes that matter to our customers and colleagues. So why not join the UK’s original ethical bank in our values and ethics as we continue our ambitions to lead the industry on environmental and social issues in 2023 and beyond.
The role:
Due to continued growth here at The Co-operative Bank Plc we have a new role as a Treasury Risk Manager. Joining us to manage our 2nd line of defence within our Risk department and managing the prudential risks (Liquidity & Funding and Market Risk); whilst working closely with 1st line of defence. You will have knowledge of Liquidity and Market Risk concepts and experience of working within a similar area.
Key Accountabilities:
- Subject Matter Expert, leading oversight of all matters relating to Liquidity, funding and market risk
- Ensure approaches to Risk management align with Regulatory requirements and represent market practices.
- Monitor the Prudential Policy and Regulatory agenda pipeline to ensure the Bank is well placed to meet current and future requirements.
- Provide regular market and industry best practice ensuring any changes are reflected within the Bank’s policies and procedures.
- Maintain effective and clear Risk reporting in order to highlight key areas of concern.
- Ensure, in conjunction with Treasury, that risk positions remain in compliance with approved limits, and breaches of limits are reported and escalated in a timely manner through defined governance and committees.
- Oversight Liquidity and Market risk regulatory reporting, ensuring reporting is maintained accurately and in line with regulatory requirements
- Review and challenge of forecasting and planning processes and outputs.
- Support FTP implementation, ensuring appropriately embeds market and funding risk in financial analysis and supports decision making
- Provide second line oversight of key framework artefacts, including Policy and Control Standard, KRAM/KRI setting, Liquidity Contingency Plan (LCP), Treasury Mandates
- Provide second line oversight of relevant papers to Bank governance, e.g. ALCo
- Lead the oversight of ILAAP
Knowledge, Skills and Experience Required:
- Strong numerate, analytic and reporting skills
- Strong Microsoft Office skills, particularly Microsoft Excel
- Strong understanding of Market and Liquidity Risk regulatory and technical requirements
- Excellent analytical skills enabling you to consider and evaluate a range of data
- Experience of balance sheet management, stress testing, and regulatory reporting
- You have tenacity, lateral thinking and attention to detail
- You have excellent interpersonal, networking and presentation skills enabling you to effectively engage with stakeholders at all levels in the Bank
- You have an understanding of developments in the banking industry, markets and regulatory frameworks
What You Can Expect From Us:
- Flexible and remote working
- 27 days holiday, plus opportunity to buy 5 extra days
- Competitive pension / income protection / life assurance
- Positive, friendly work culture that promotes work life balance
- Commitment from employers on continued learning & development
- Wellbeing support ‘Help@Hand’ offers mental health support, physiotherapy, GP’s for both you and your family.
- 2 paid days for volunteering per year
- ‘MyReward’ corporate discount for over 800 retailers and Cycle to Work Scheme.
- Family friendly policies and supportive working environment
- Recognition scheme and a culture in which we celebrate success
- Colleague network groups committed to inclusion and diversity within our Bank.
Our Bank is committed to continuing to create a diverse workforce and an inclusive environment where all colleagues can fulfil their potential. We welcome applications from talented individuals from all backgrounds and lifestyles who can work with us in maintaining a culture of belonging, where people are valued and respected.
If you require more information or this document in a different format, please contact careers@co-operativebank.co.uk
As a reputable employer regulated by the Financial Conduct Authority, all offers of employment for this role are subject to a series of background checks, including criminal (DBS) and financial checks.