Balance Sheet Risk Manager
Skipton International is an award-winning offshore bank with an exciting opportunity for a Balance Sheet Risk Manager.
As a subject matter expert within the Finance team, you will support business functions to manage liquidity and interest rate risks across Skipton’s balance sheet (income and economic value).
Working closely with others across Skipton and liaising with SBS Group Treasury, you will ensure that liquidity and interest rate risks are identified and appropriately managed. You will be responsible for the accurate and timely risk reporting, both internally and externally, whilst working closely with teams responsible for the delivery of the Corporate Plan to ensure adequate liquidity is always maintained and that risks and sensitivities are understood.
Key Accountabilities
- Lead the ongoing development of Skipton’s liquidity risk framework. This will include formulating risk appetite, the understanding of the sources of liquidity risk, behavioural assumptions, the forecasting, stress testing and reporting of liquidity.
- Responsible for the continual development of the Recovery and Resolution Plan, Contingency Funding Plan, and Treasury Policy.
- Responsible for ensuring the Liquidity and Funding Risk Appetites are appropriate to ensure that Skipton always holds adequate levels of liquidity for its risks and a sufficient stable funding profile to minimise liquidity risk.
- Responsible for maintaining robust levels of skills and knowledge to ensure compliance with all applicable regulatory and legislative requirements, leading to the delivery of good customer outcomes and fair value for all customers.
- Keep abreast of regulatory changes and external best practice, including identifying the impact on Skipton whilst making recommendations to the appropriate governance / committee regarding their implementation.
- Responsible for providing expertise and advice on liquidity and interest rate risk that aligns and supports the corporate objectives of Skipton.
- Responsible for production and sign off management information for internal stakeholders (inc. the Board) and external regulators.
- Ensure models and systems used within the Balance Sheet Risk Team to measure, stress and report on liquidity and interest rate risk comply with Skipton’s Model Governance Framework.
- Responsibility for the collation and distribution of the monthly Asset and Liability Committee (ALCO) pack and reporting, articulating and providing challenge on evolving interest rate and market risks facing Skipton.
- Adhere to CPD (Continued Professional Development) requirements in accordance with qualification level and in-house procedures.
- Adhere to the Skipton International core values and expected behaviours.
- Perform any other duties as deemed necessary by management.
Essential Requirements
- Educated to degree level or equivalent experience
- Membership of ACCA/ACA/CIMA
- Ability to influence, engage and work in partnership with senior stakeholders.
- Ability to deal with ambiguity.
- Able to achieve deadlines when working with multiple priorities.
- Experience of reporting, analysing and communicating on areas of risk, highlighting areas of concern and making appropriate recommendations.
- Experience of independently interpreting and communicating more complex and/or sensitive information in a variety of situations.
- Strong knowledge of liquidity and derivative instruments used by financial services.
- Strong knowledge of liquidity and market risk management regulatory requirements and techniques.
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