Director of Market, Liquidity and Model Risk
We are seeking a Director of Market, Liquidity and Model Risk to lead the development and implementation of strategies managing market, liquidity, and model risks affecting the companys balance sheet and liquidity position.
The role involves providing overall leadership on external risk reporting within the Risk Function and participating in the leadership of the broader risk team.
Responsibilities
1. Advise the Chief Risk Officer in strategy development and execution for market, liquidity, and model risks.
2. Guide GEC members and their teams in strategy acceptance and implementation.
3. Develop and embed the capital risk appetite framework within the Groups governance.
4. Enhance the Enterprise Risk Management Framework related to these risks, including policies, tools, and practices.
5. Oversee the execution of the ERM Framework concerning market, liquidity, and model risks.
6. Lead external risk reporting activities (ORSA, Annual Report, SFCR, RSR) and manage internal reporting for committees and the board.
7. Manage a team of specialists to deliver the risk management strategy.
8. Support the integration of internal models into the risk framework.
9. Assist the Chief Risk Officer in leading the wider Risk Function, fostering a trust-based, communicative, and cohesive team environment.
Skills & Experience
1. Experience with quantitative risk frameworks, capital management, or financial reporting, with the ability to meet the needs of Executives, Risk Committees, and Boards.
2. Extensive knowledge of Life and Pensions / Financial Services.
3. Commercial awareness and experience.
4. Proven ability to build internal partnerships, especially with actuarial and technical teams.
5. Hands-on experience with economic capital models.
6. Strong understanding of financial risk and capital management, including advanced risk quantification techniques.
7. Knowledge of market, credit, insurance, and liquidity risks and their management.
8. Excellent communication, influencing, negotiation, and report-writing skills, with the ability to clarify complex concepts.
9. Understanding of regulatory frameworks like FSA Handbook, Basel 3, and Solvency II; familiarity with ORSA is advantageous.
10. Ability to identify emerging risks and drive their management.
11. Strong analytical skills with strategic perspective and big-picture thinking.
12. Proven influence skills to shape risk management practices across the organization.
Company Benefits
* Competitive salary, pension, and life assurance
* 25 days annual leave plus a birthday day off
* Private medical cover and income protection
* Bonus scheme based on individual and company performance
* Career progression opportunities
* Access to Headspace app, Employee Assistance Helpline, and health first aiders
* Additional employee-funded benefits and purchase options
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